Company News: DRD Gold
Updated: 21 Mar 2011
DRDGOLD Limited (DRDGOLD) is a medium-sized, unhedged South African gold producer. In FY2010, production was 241 194oz. The attributable resource is 60Moz and the attributable reserve, 7.3Moz.
DRDGOLD’s operations are:
- Blyvoor – underground mining, surface tailings retreatment;
- Ergo – surface tailings retreatment; and
- Crown Gold Recoveries Pty (Ltd) (Crown) – surface tailings retreatment; and
- East Rand Proprietary Mines Limited (ERPM) – underground mining discontinued, surface tailings retreatment reported under Crown.
DRDGOLD is also a 50% partner in an early-stage gold exploration project on Zimbabwe’s Greenstone Belt.
DRDGOLD’s primary listing is on the JSE Limited and its secondary listing on the Nasdaq Capital Market. At 31 December 2010, the company had a market capitalisation of R1.3 billion (US$187.4 million).
- Maraisburg
- 1700
- South Africa
Most Recent Company News
- Tailings JV for Gold Fields, Gold One - 27 Jan 2012 1:17pm
Southern-Africa focused Gold One International Ltd has joined forces with the world’s firth-largest gold producer, Gold Fields Ltd, regarding a potential joint venture to process tailings on the West Rand. Read more... - Tailings JV for Gold Fields, Gold One - 27 Jan 2012 9:55am
Southern-Africa focused Gold One International Ltd has joined forces with the world’s firth-largest gold producer, Gold Fields Ltd, regarding a potential joint venture to process tailings on the West Rand. Read more... - DRDGold agrees to sell Blyvoor - 11 Nov 2011 1:10pm
DRDGold Ltd has accepted an expression of interest for its 74%-owned Blyvooruitzicht gold mine to Village Main Reef Ltd for R150 million (US$18.7 million) Read more... - Investor seminar: Gold - 30 Sep 2011 11:48am
The latest event in the ‘investor seminar’ series demonstrated the continuing appeal of gold Read more... - South Africa: Under pressure - 05 Aug 2011 10:58am
South Africa’s mining industry has remained steadfast, but now faces the prospect of nationalisation Read more... - Old SA gold mines retrenching, funding troubles - 24 Jun 2011 11:33am
Almost a third of the 3,700 workers may be laid off at the Buffelsfontein gold mine southwest of Johannesburg Read more... - DRDGold cuts off funds to Blyvoor - 23 Jun 2011 5:12pm
DRDGold Ltd has stopped providing financial assistance to its 74%-owned Blyvoor gold mine, attributing the decision to South Africa’s new Companies Act. Read more... - Golden age - 03 May 2011 4:53pm
As ore grades decline and prices rise, innovative gold-processing solutions are gaining importance. Murray Harcus investigates Read more... - Chinese invest in SA gold - 28 Apr 2011 12:15pm
Baiyin Nonferrous Group Co Ltd has emerged as a 17.67% shareholder in South African gold producer, Gold One International Ltd Read more... - Investor Seminars: Gold Day 4/11 - Growing investor interest in mining - 15 Apr 2011 11:42am
Corporate executives presenting to investors at two recent seminars in London, hosted by Aspermont UK (publisher of Mining Journal), have delivered upbeat messages on the mining industry in precious metals and Africa, respectively. Read more...
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