7:14pm on Jan 24, 2020
DRDGOLD Limited (DRDGOLD) carries on large scale, long life surface tailings gold recovery operations. Effective on 22 January 2020, we increased our holding from 38.05% to 50.1% equity interest in DRDGOLD – by securing the majority holding in DRDGOLD, a leading surface mining and processing company, we continue to create value for all stakeholders in line with our vision. DRDGOLD will continue to be listed on the JSE (Ticker code: DRD) with a secondary listing on the NYSE in the form of American depository receipts (Ticker code: DRD).
DRDGOLD is a listed South African gold producer and specialist in the recovery of metal from the retreatment of surface tailings. It has a proven track record of optimizing innovative technology-driven processing and demonstrated expertise in surface processing infrastructure development.
The acquisition is key to our surface operations strategy in South Africa, which involves leveraging existing surface operations and infrastructure and developing a strong, long life surface business by exploiting the low risk and relatively high margin characteristics of West Rand surface resources.
Our gold operations consist of underground mining and surface treatment facilities in the Witwatersrand Basin.
We work to avoid, minimise and mitigate any negative environmental impacts where we operate.
An archive of news and publications related to the DRDGOLD transaction, completed 31 July 2018.