Who we are
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2015, DRDGOLD provided jobs for 2 367 people, including 941 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 FY2015, the company produced 150 145oz of gold, generated R2 105.3 million in revenue and spent R908.56 million on capital projects (property, plant, equipment). Attributable mineral resources of 50.73Moz and attributable mineral reserves of 1.86Moz were declared.
With its head office in Johannesburg, DRDGOLD’s primary listing is on the JSE Limited and its secondary listing is on the New York Stock Exchange. At the end of FY2015, the company had 430 883 767 ordinary shares in issue and a market capitalisation of R1.0 million (US$79.7 million).
Black economic empowerment (BEE)
The company’s BEE partners are Khumo Gold SPV Proprietary Limited (Khumo Gold) and the DRDSA Empowerment Trust (the Trust) Khumo Gold holds a direct 8.1% interest in DRDGOLD and the Trust holds 2.4%.
A 24/7/365 operation
Ergo operates on the eastern Witwatersrand where two of its four plants, Ergo i n Brakpan and Knights in Germiston, operate round the clock. The flagship Ergo plant is currently treating material from a variety of sources including the Elsburg tailings complex. Elsburg, comprises 186Mt of tailings material and contains an estimated 1.7Moz of gold. The satellite Knights plant processes material from various sites..
The Crown and City Deep plants have been decommissioned and re-engineered, and are currently operating as pump and milling stations.
Material from DRDGOLD’s surface tailings deposits on the central and western Witwatersrand is fed to the Ergo plant via an extensive pipeline network - including a bespoke 50km, 600 000tpm pipeline; completed at the end of 2011 at a cost of R305 million.