In this annual integrated report, we address the performance and sustainable value creation of Ergo Mining Proprietary Limited (Ergo) and Far West Gold Recoveries Proprietary Limited (FWGR), the reclamation operations owned and managed by DRDGOLD Limited (DRDGOLD), during the financial year from 1 July 2019 to 30 June 2020. FWGR made its maiden full year production contribution which had a material impact on our financial results presented.
DRDGOLD Limited, in an operational update for the quarter ended 30 September 2020, reports a 45% quarter-on-quarter increase in gold production to 1 514kg, due primarily to a 27% increase in tonnage throughput to 7 260 000t and a 15% increase in yield to 0.209g/t.
DRDGOLD's share price has gone up sixfold since December 2019 and is one of CRUX Investor’s best recommendations from last year.
In this interview, South Africa’s COVID-19 economic recovery and future of DRDGOLD’s “Super High Margin Tailings” operations are discussed.
The initiative has its origins in DRDGOLD’s well-established Broad-based Livelihoods (BBL) Programme. Managed by Umsizi for DRDGOLD, this programme helps thousands of vulnerable people living within DRDGOLD’s operating footprints to use land and immediate opportunities available to them – sometimes just their household yards – to grow healthy food, to generate income, to undertake productive self-employment activities and to run businesses.
The latest BBL Programme video can be viewed here.
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Please visit our COVID-19 portal for further information.
Gender-based violence and abuse of women is a national crisis in South Africa. Women, especially in mining communities, are often disempowered. DRDGOLD supports the call by the Minerals Council South Africa (MCSA) to stop the abuse of women in mining communities and our country as a whole.
The Minerals Council’s initiative launched on 8 March 2020 in support of International Women’s Day.
The subject of abuse is difficult for victims to raise, and often there is also a lack of understanding of what constitutes unacceptable behaviour by both men and women. Abuse can range from coercion to verbal harassment and physical violence.
Abuse of women is often unreported or unresolved. By creating effective mechanisms for safe and sensitive reporting, we can help give victims a voice. We want to encourage men and women to recognise abuse and to stand up against abusive behaviour.
Some 20% of DRDGOLD’s workforce is comprised of women. This is a far higher percentage than that of any other South African mining company, and therefore our duty to ensure the physical and emotional safety of all women is all the more a priority for us.
Presentation: DRDGOLD presents at 121 Mining Investment Americas online (PDF - 3.17MB)
Presentation: Rolling back mining's environmental legacy (PDF - 3.17MB)
Presentation: The Astrologers Fund Conference (PDF - 1.51MB)
Presentation: Results the six months ended 31 December 2019 and dividend declaration (PDF - (984KB)
Presentation: 121 Mining Investment Conference (PDF - 2.74MB)
DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees. The remaining 1 426 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2018, the company produced 150 423oz of gold, generated R2 490.4 million in revenue, spent R1 452.7 million on capital projects (property, plant, equipment, surface) and 191ha of rehabilated land were lodged for clearance for redevelopment. Mineral Resources of 7.3Moz and Mineral Reserves of 3.3Moz were declared
This website, developed by the Minerals Council South Africa which supports and promotes the South African mining industry, provides resources for teachers and learners to reinforce, enhance and extend learning. The content aligns with the Grade 12 Economic Geography of South Africa: Mining section of the South African Department of Basic Education's Curriculum and Assessment Policy Statement (CAPS).