DRDGOLD Limited (DRDGOLD) is a mid-tier, unhedged gold producer, and the fourth largest gold company in South Africa. In 2010, the company produced 241 194 ounces and declared attributable Mineral Resources of 60.0 million ounces and attributable Mineral Reserves of 7.3 million ounces.
The company holds a 74%-interest in operating subsidiary Ergo Mining Operations (Proprietary) Limited. The balance is held by black economic empowerment (BEE) partner Khumo Gold SPV (Pty) Limited (Khumo Gold)(20%) and the DRDSA Empowerment Trust(6%).
DRDGOLD’s strategy in the short and medium term is to enhance shareholders’ value by:
Increasingly, the focus is on the recovery of lower-risk, lower-cost, higher-margin ounces.