Company News: DRD Gold
Updated: 15 Mar 2012
South Africa-based DRDGOLD Limited (DRDGOLD) has exited deep-level underground mining in order to focus on lower-risk, lower-cost, higher-margin gold production from the retreatment of surface tailings. With a current surface gold resource of 11 million ounces – and total surface throughput from current operations in FY11 of 20.3 million tonnes for the production of 144 065 ounces – the company now ranks as the world’s biggest producer of gold from tailings retreatment. DRDGOLD’s primary listing is on the JSE Limited and it has a secondary listing on the New York Stock Exchange. At 31 December 2011, the Company had 385 383 767 shares in issue and a market capitalisation of $209 million.
Business Category Exploration; Mining
Regions of Operation Southern Africa
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Most Recent Company News
- Investor Seminars: Gold Day - 04 May 2012 2:31pm
The latest event in the ‘investor seminar’ series had a spread of presentations ranging from junior explorers to established miners across the continents Read more... - DRD sells Blyvoor - 17 Feb 2012 12:54pm
DRD Gold Ltd, the South Africa-based tailings treatment company, is to sell its deep level Blyvoor gold mine, a week after the company said it would cut 1,800 jobs at the project. Read more... - 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...
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- Maraisburg
- 1700
- South Africa
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