DRDGOLD said it remained “in a favourable position” to declare a year-end dividend in August following third (March) quarter production numbers in which it disclosed an increase in cash of R70.4m.
Cash-flush DRDGold, one of the world’s largest gold tailings retreatment companies, says its core profit dipped in its third quarter amid rising costs and a decline in production, but it remains on track to shell out a final dividend.
Management said it positions the company favourably to consider declaring a final cash dividend in or around August 2022, in the absence of unforeseen circumstances
DRDGOLD is the only South African mining company involved solely in the retreatment of surface gold tailings and is one of the oldest JSE-listed companies. Coupled with our performance in HY2022, the company bears testimony to the resilience of a business model that has been several years in the making.
‘This is a company with a well-developed ability to survive, and survival is key.’ – Niël Pretorius in the 2022 edition of Miningmx’s Rainmakers & Potstirrers
Mining companies listed on local and global bourses are not normally associated with the informal sector, but association is very real in the case of DRDGold. The Johannesburg- and New York-listed surface gold mining company, led by CEO Niël Pretorius, is going all out to develop the informal economy, especially around the sites where it operates.
JOHANNESBURG (miningweekly.com) – Johannesburg has a unique history. If not for mining, there would be no city. The mines, however, did not come to the city, rather the city came to the mines.
Every Friday, SAfm’s radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News & Mining Weekly. Reported here is this Friday’s At the Coalface transcript:
DRDGOLD has responded following the death of the two boys who drowned apparently after being sucked down in a quicksand-like substance underneath a pool of rainwater in the company’s Elsburg gold surface tailings treatment facility next to Reiger Park.
JOHANNESBURG (miningweekly.com) – With a view to reducing its carbon footprint as well as addressing the uncertainty of the supply and cost of electricity, surface gold mining company DRDGold has taken a decision to construct a solar power plant and a power storage facility at Ergo, the gold from mine waste operation on the East Rand.
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Swiss Mining Institute (SMI) European Mining Investment 24 May 2023 (PDF - 4.54MB)
Results for the six months ended 31 December 2022 (PDF - 0.36 MB)