In the media

11 December 2015

DRDGold ploughs R600m into enviro management programme

In the comparatively dry climate of the South African Highveld, wind-borne dust and sand have always been a significant irritation, especially to residents of the industrial and mining centres of Johannesburg.

02 September 2015

A different prospect altogether

[Mineweb] – Investors would have been cheered to hear that DRDGold – the company that processes old mine dumps – has also been processing money into their wallets, following the release of financial results for the year ending June 30 2015.
02 September 2015

DRDGold cuts distributions, may keep cash for buyback

[Business Day] -- Gold tailings processor DRDGold did not distribute all its cash to shareholders in the financial year to June because its board of directors was considering whether market conditions favoured a share buyback, CEO Niël Pretorius said on Tuesday.
01 September 2015

Video: DRD Gold today announced a final dividend of 10 cents a share

[SABC Digital News] – Gold producer DRD Gold today announced a final dividend of 10 cents a share. It recorded a 48 percent increase in operating profit to R384 million for the year to June in a strong set of results that bucks the trend on the ailing sector.

01 September 2015

DRDGold dividend soars

[Mining Weekly] – Gold dump mining company DRDGold on Tuesday lifted its dividend payout fivefold. In declaring a final dividend of 10c a share in the year ended June 30, the Johannesburg- and New York-listed surface miner dished out its eighth consecutive final dividend on results that CEO Niël Pretorius described as “very satisfactory” for the 2015 financial year.
01 September 2015

Cash-flush DRDGold mulling share buy-back

[Mining Weekly] – Surface gold mining company DRDGold, which has R324-million cash on hand after paying a five-times-higher dividend, is considering a buy-back of shares in support of its long-term shareholders.
01 September 2015

DRDGold bolsters income

[Business Report] -- DRDGold has declared a final dividend of 10c a share after bolstering gold production to 150 145 oz, which boosted operating profit 48 percent to R384.3 million in the year to June.

28 July 2015

DRDGOLD is not being traded on its fundamentals - CEO

[CNBC Africa] – DRDGOLD CEO Niël Pretorius believes gold miners need to sail through the current storm and make sure their businesses are resilient for when the gold cycle turns.
27 April 2015

Time to honour Jo'burg's gold legacy

[] – My morning commute takes me through Brixton and Langlaagte where, 70 years ago, my father and his brothers spent their days racing each other along the alleys and sliding down mine dumps on pieces of corrugated iron.

24 April 2015

DRDGold records higher Q3 profit, production and sales

[Miningweekly] -- JSE and NYSE-listed surface gold miner DRDGold’s operating profit increased by 16% quarter-on-quarter to R97.6-million for the quarter ended March 31, reflecting higher gold production and sales, as well as a stronger average rand gold price.

24 April 2015

DRDGold reports 16% increase in operating profit: Niël Pretorius – CEO, DRDGold

[Moneyweb] -- ‘We are achieving a cash margin of about R80 000/kg at this stage. So the cash flows are quite robust.’

24 April 2015

DRDGold returns to profit as new circuit at Ergo lifts output

[BDlive] -- THE installation of a new circuit enabled DRDGold to deliver in March the highest monthly gold production at its Ergo plant since restarting the operation in 2008, the company reported on Thursday.

23 April 2015

DRDGold lifts gold production

[BDlive] -- DRDGOLD, a tailings retreatment operation, swung into profit in the first nine months of its financial year as gold production grew by 11% and costs shrank.

23 April 2015

DRDGold swings into profit

[] -- DRDGOLD swung into profit for the first nine months of its 2014/2015 financial year as gold output increased 11% and it reined-in costs, said BDLive.

09 March 2015

Making gold out of almost nothing at all

[BDlive] -- Imagine 61.25 rugby fields side by side and covered with cans of Coke standing tightly packed together in a single layer. There are 100-million cans on these fields and there are 33 cans of Fanta scattered randomly among them.
26 February 2015

DRDGold hoping to win back value investors

[] – It will take several quarters of consistent operating and financial performances before “value investors” who sold out of the company during 2014 will start returning to DRDGold, according to CEO Niel Pretorius.
25 February 2015

DRDGold moves to shave 10% off sourced potable water

[Engineering News] -- Surface gold miner DRDGold would start using wastewater as an alternative water source to replace some of the potable water currently used for Ergo Mining’s operations from July.

20 February 2015

Niël Pretorius, CEO - DRDGold - Special Report | Moneyweb

[Moneyweb] -- Miner narrowed its loss and withheld paying a dividend.

20 February 2015

Video: Interview with Niel Pretorius, CEO DRDGOLD

[Courtesy of SABC 3] -- Interview with Niël Pretorius CEO of DRDGOLD on the results for the quarter ended 31 December 2014.

20 February 2015

DRDGold backs Chinese bid for Village

[BDlive] -- DRDGOLD is supporting a R637m bid by China’s Heaven-Sent for Village Main Reef, a transaction which would inject more than R40m into DRDGold’s coffers.
19 February 2015

DRDGold stryk sy tegniese probleme uit

[Netwerk24] -- DRDGold is oor die hond se rug met sy nuwe flottasie-tegnologie en het gewys dat dié tegnologie kan werk.
19 February 2015

DRDGold lifts H1 output 6% despite 67 hours of load shedding in Dec

[] – Despite experiencing some 67 hours of load shedding in the last month of 2014, specialist tailings miner DRDGold lifted gold output for the six months ended December 31 by 6% to 73 015 oz, attributing the uptick to increased metallurgical efficiencies at the long-embattled flotation fine-grind (FFG) circuit and the installation in April 2014 of back-up power generators.

19 February 2015

DRDGold H1 gold production up 6%

[Moneyweb] Q2 2015 vs Q1 2015

Gold production down 3% to 36 010 oz
All-in sustaining costs down 7% to US$1 149/oz
Operating profit up 6% to R84.4 million
Cash balance up 19% to R242.3 million

19 February 2015

IG Markets: Midday market update, 19 February

[] DRDGold half-year results saw gold production up 6% with all in sustaining costs down 5% to $1,194/oz. Operating profit was up 5% and EBITDA grew 59%. Remgro has declared a gross cash dividend for the interim period of 169c per share.

19 February 2015

DRDGold narrows losses in interim period

[BDLive] GOLD producer DRDGold narrowed its loss in the interim period to end-December and withheld paying a dividend as it focused on paying down debt.

19 February 2015

DRD shares 6% lower despite green-shoots

[] – DRDGOLD would consider a resumption of dividend payments, or possibly launch a share buy-back, at the year-end, said CEO Niël Pretorius who added that it was more prudent to reduce debt first.

10 February 2015

DRDGold prepares to upgrade its Ergo plant

[] -- DRDGOLD Limited has announced the completion of a feasibility study for a R23 million upgrade of its Ergo plant to effect an increase in treatment capacity by 300 000 tonnes per month to a total of 2.1 million.

10 February 2015

DRDGOLD embarks on R23m Ergo plant upgrade

[Mining Weekly] -- Following the completion of a feasibility study, JSE- and NYSE-listed DRDGold was preparing to upgrade its Ergo processing plant, at a cost of R23-million, to increase its treatment capacity.

10 February 2015

DRDGOLD completes study to upgrade Ergo plant treatment capacity

[Thomson Reuters] -- R23 million Ergo plant upgrade to increase treatment capacity.

23 January 2015

On-The-Air (23/01/2015)

[Mining Weekly] -- Every Friday morning, SAfm’s AMLive’s radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly.