SA’s gold industry is reeling under an increased number of attacks by heavily armed gunmen at their processing plants, looking for easy and lucrative access to the metal that is selling for more than R700,000/kg.

Niël Pretorius is CEO of DRDGold, a Johannesburg-listed company that re-mines gold by re-processing the mini-mountains of rock that contain historic remnants.

As a boy, Pretorius Snr. would perform the daredevil feat of any child who grew up in the shadow of Johannesburg’s gold dumps: slide down them at break-neck speed on a metal sheet.

DRDGold is in the business of reminingthe yellow metal by reprocessinggold dumps - somethingthe compang does very effectivelg. CEO Niél Pretorius sat down with David McKag to talk business, the gold price, its partnership with Sibange-Stillwater and whg things are looking so good for DRDGold.

REVENUES for DRDGold had “never been so good” and were likely to be sustained for the foreseeable future, said CEO, Niël Pretorius.

DRDGOLD took the first steps in bringing its all-share purchase of Sibanye-Stillwater’s Far West Gold Recoveries (FWGR) to bear, announcing a 20 cents per share final dividend – three-fold the (interim) dividend it paid its 2018 financial year.

Gold mining company keeps its 12-year unbroken run of dividends going

JSE- and NYSE-listed DRDGold expects to report headline earnings per share (HEPS) of between 10.73c and 11.07c for the financial year ended June 30, compared with the HEPS of 1.7c a share reported for the 2018 financial year.

Tailings retreatment specialist DRDGold will report an enormous leap in annual profit as it realised the benefits of a second source of gold and a higher gold price.

A chance in an environmental charge mainly related to Ergo was behind a far improved profit forecast for DRDGold.

DRDGold Limited (NYSE: DRD), the Johannesburg and New York-listed South African gold producer, expects to report strong growth in full-year 2018/19 earnings and revenue boosted by a higher average price for the precious metal.

Gold producer DRDGOLD said on Tuesday it expected headline earnings per share of between 10.73 and 11.07 cents for the year ended June, up sharply from 1.7 cents the previous year.

A R400-million agri-processing plant was launched in 2019  in the OR Tambo Special Economic Zone. The SEZ is  located at OR Tambo International Airport and is intended   to encourage exports of high’value goods.

JSE- and NYSE- listed surface gold tailings retreatment company DRDGOLD has successfully expedited Phase 1 of its two-phase Far West Gold Recoveries (FWGR) gold-from-tailings project on the West Rand of Johannesburg, South Africa, becoming cash-positive just four months after commissioning started in December 2018. Chantelle Kotze spoke to CEO Niël Pretorius about how the company was able to deliver short-term value from the newly acquired asset.

Shares in DRDGold nipped up 6% in early Johannesburg trade after the company published March quarter production numbers which demonstrated the first benefits of its Far West Gold Recoveries (FWGR).

Tailings retreatment specialist DRDGold lifted production in the March quarter and lowered its all-in costs as it put the bulk of its investment in a new project behind it and started reaping the benefits.

Surface gold recovery company DRDGold produced 41 120 oz of gold in the quarter ended March 31 – a 15% increase compared with the 35 732 oz produced in the quarter ended March 2018.

DRDGOLD Ltd CEO Niel Pretorius tells Proactive Investors the South African miner boosted gold production in the most recent quarter.

For the quarter ended March 2019, the Johannesburg miner says yield increased by 4% in compared to the previous quarter due to ‘higher grade material’ processed at its Far West Gold Recoveries project

DRDGOLD CEO NIëL Pretorius with Christine Corrado, proactive investors

With the price of gold showing no signs of decline, gold companies are reaping the benefits.

Miner DRDGold released its interim results on Wednesday, and power-related problems cut R27m from its interim revenue. The company reported a headline loss of more than R46m, operating profit plunged 54%, while revenue remained flat at R1.25bn.

DRDGOLD Ltd CEO Niel Pretorius tells Proactive Investors the gold tailings company is looking forward to the contribution of its Far West Gold Recoveries (FWGR) project in the second half, as it posted results for the six months to the end of December.

DRDGold laid a halving of operating profit for the first half of its 2019 financial year squarely at the door of “the once mighty Eskom” which it described as its Ergo operation’s “single biggest risk” factor.

Gold producer DRDGold said on Wednesday that it had lost around 49kg of gold production in the first half of 2019 financial year as a direct consequence of power supply disruptions.

There’s nothing new as far as load shedding is concerned. On Wednesday, the fourth consecutive day of planned blackouts, Eskom says that it plans to continue with its stage 3 of load shedding. The reason remains the same, “high demand or urgent maintenance being performed”, but history has taught us that there could be more to this.

Surface gold mining company DRDGold on Wednesday reported a 54% fall in operating profit to R102.2-million in the six months to December 31, but a major jump in mineral reserves.

The miner flagged increased output for the 2019 financial year as its new project comes on line after a tough start to the year due to electricity disruptions

DRDGold’s share price fell almost 4 per cent after its interim results revealed a 3 per cent decrease in gold production and operating profit down by more than half. The gold producer was also not immune to load shedding, losing approximately 49kg of gold due directly to power supply disruptions. Joining CNBC Africa for more is Niël Pretorius the CEO of DRDGold.

The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday.

The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday.

Although there isn’t 100 per cent ideological alignment on everything, players in the mining industry take comfort from the fact that there is constructive engagement. This is according to Niël Pretorius, CEO of DRDGOLD, who spoke to CNBC Africa’s Fifi Peters at the 25th Investing in African Mining Indaba in Cape Town. They also talk about the single biggest challenge for DRDGOLD being the reliability of the power supply, and other pertinent issues like the institutional damage that had been done in the past.

Well for most miners its becoming the case of adapt or become irrelevant. We caught up with the CEO of DRD Gold, Niël Pretorius as he talked us through how DRDGold is trying to remain relevant with its strategy in this tough operating environment.