In the media

06 April 2018

Currency woes

While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins.

28 March 2018

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater

Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).

28 March 2018

DRDGold shareholders support Sibanye-Stillwater tailings deal

The key resolutions approved were that DRDGold would issue 265 million shares to Sibanye-Stillwater in return for WRTRP which will allow DRDGold process some 78 million tonnes (Mt) of gold-bearing tailings in the first phase of the project. In return for the resources, approximately 38% of DRDGold will be handed over to Sibanye-Stillwater.

23 March 2018

How DRDGold scored another jackpot

DRDGold has hit a rare jackpot for the second time in the tailings transaction with Sibanye-Stillwater, securing good grades, water, infrastructure and a licensed deposition site while nearly doubling its gold reserves, says CE Niël Pretorius.

05 March 2018

DRDGOLD's reserves to nearly double following Sibanye-Stillwater acquisition

Niel Pretorius, chief executive of DRDGOLD Limited, discusses with Proactive's Andrew Scott the proposed deal with Sibanye-Stillwater.

19 February 2018

Watch: South African gold miners show good interim numbers

[Africa Live] -- It's reporting season for some of the gold miners in South Africa, and at least two of them are showing good interim results. Harmony Gold produced a 49 percent increase in headline earnings recently. And DRDGold was also happy with its six months performance.

16 February 2018

Watch: DRDGold is back in the black

[Business Day] -- Gold producer DRDGold released its interim on Thursday, announcing that revenue was up 6% to R1.25bn due to higher gold production and gold sales.

15 February 2018

DRDGOLD maintains WRTRP will deliver short-term value

[Mining Review] -- Dual-listed DRDGOLD CEO, Niël Pretorius, says the proposed transaction with Sibanye-Stillwater, based on the latter’s West Rand Tailings Retreatment Project “is well within DRDGOLD’s capacity to execute, and is capable of delivering both short-term value and long-term optionality”.

15 February 2018

DRDGold leaps almost 9% after declaring dividend

[Business day] -- DRDGold’s share price jumped 8.8% to R8.85 on Thursday morning after it declared a 5c interim dividend on a return to profit.

15 February 2018

Listen: Neil Pretorius radio interview

[RSG] -- DRDGold results: Neil Pretorius radio interview 

05 February 2018

DRDGold’s Pretorius to win support for Sibanye deal with cash bait

[Miningmx] -- DRDGold CEO, Niël Pretorius, will hope to persuade the firm’s shareholders that the company can generate enough cash to significantly offset the R2bn capital required to process gold-bearing tailings purchased from Sibanye-Stillwater.

05 February 2018

Acceptance of realities prerequisite for gold mining success – DRDGold

[Polity] -- Speaking on day one of the Mining Indaba at a function to mark the 30th anniversary of the World Gold Council, Pretorius said that the simple reality of gold mining in South Africa currently was that it is far less attractive than it was 30 years ago.