Nedbank Corporate and Investment Banking (CIB) has committed up to R2bn in flexible financial solutions, comprising short- and long-term finance facilities, to support DRDOLD Limited’s ambitious capital investment programme over the coming years. Sustainability is at the core of DRDGOLD’s business, aligning with its purpose to reverse the environmental legacy of mining and improve quality of life. It uses its tailings recovery process to create value from what was once considered waste.

DRDGOLD notes that Brady was considered following a recommendation by Sibanye-Stillwater, which holds a majority interest in DRDGOLD through Sibanye Gold, and after reviewing his suitability for the position, as well as obtaining an independent legal opinion as to whether he would be deemed independent.

The transition to renewable-energy use is an integral part of DRDGOLD’s approach to decreasing its environmental footprint and impact, says CEO Niël Pretorius, adding that the miner’s decarbonisation strategy will see the proportion of renewable energy used rising to about 14 000 MWh/month, equating to about half of Ergo’s overall energy consumption by the second quarter of the 2025 financial year

DRDGOLD Limited is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in Dubai. Niël Pretorius of DRDGOLD Limited will be presenting about the Company’s recent and future planned activities.

DRDGOLD has announced its participation in the 121 Mining Investment Conference in London on November 14-15, 2024. Niël Pretorius will represent the company to present recent and planned activities. The conference will feature over 150 mining companies and more than 500 investors engaging in pre-arranged one-on-one meetings. The event will include expert commentary and market intelligence on key industry developments.

In hierdie segment gesels Jaco Schoeman, bedryfshoof van DRDGOLD, oor hulle sonkrag-aanleg en sê hulle is besig om na addisionele aanlegte te kyk.

The large solar electricity plant at DRDGOLD’s Ergo gold tailings retreatment operation has received a formal grid connection certificate from Eskom, Ergo reported ahead of flying journalists over the operation’s expansive array of solar panels and batteries, which provide a collective 187 MW of installed capacity.

Currently, DRD Gold anticipates an output of approximately five tons of gold but aims to enhance this figure to six tons as part of its ambitious strategy. The projected dip in production is attributed to delays around the commissioning of new reclamation sites at its Ergo operations, yet leadership insists that this will not deter their vision for growth.

Although DRDGOLD’s volume throughput target was missed by 17% owing to a delay in the commissioning of new reclamation sites at Ergo, a steady performance from Far West Gold Recoveries (FWGR) together with higher grades from several clean-up sites helped to soften the impact and 93% of planned gold output was achieved, the surface gold mining company stated in its annual integrated report on Monday.

In addition, the Johannesburg- and New-York-listed company, led by chairperson Tim Cumming and CEO Niël Pretorius, ended the year with a positive cash balance of R521.5-million amid paying final and interim dividends totalling R731.7-million, income tax of R72.5-million, and re-investing R2 985.7-million in capital projects.