DRDGold, SA’s biggest producer of gold from tailings dumps, expects headline profit to roughly halve in its six months to end-December, weighed down by lower selling prices and higher input costs, including chemicals.
Local gold producer DRDGold CEO Niël Pretorius says the market response to the global transition to clean energy, as well as the strategy and energy plans of the company’s majority shareholder, diversified miner Sibanye-Stillwater, are important considerations in shaping DRDGold’s strategy for the future.
DRDGOLD advises that its flagship metallurgical plant, Ergo Mining has entered into a second five year (2022-2026) research and support agreement with the University of the Witswatersrand (Wits University) through the Gold Research Group in the School of Chemical and Metallurgical Engineering, to continue with research with the objective of enhancing capacity and capability within the field.
Dual-listed DRDGold’s flagship metallurgical plant Ergo Mining has entered into a second five-year research and support agreement with the University of the Witwatersrand (Wits) through the Gold Research Group in the School of Chemical and Metallurgical Engineering, to continue with research aimed at enhancing capacity and capability within the field.
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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)