In a display of resilience and sound business strategies, DRDGold has clinched the second spot in the Sunday Times Top 100 Companies, up from 14th place last year.
In a remarkable achievement for DRDGOLD Limited, the company clinched second place in the highly regarded Sunday Times Top 100 Companies 2023 awards. The gala event, which took place last night, celebrated the top-performing companies on the Johannesburg Stock Exchange (JSE), emphasising those that have delivered the highest returns to their shareholders over the past five years.
The Company has retained the services of The Meeting Specialist Proprietary Limited (‘TMS’) to remotely host the AGM on an interactive electronic platform in order to facilitate remote electronic attendance, participation and voting by Shareholders and/or their proxies. TMS will assist Shareholders with the requirements for electronic attendance, participation in, and/or voting at the AGM.
DRDGOLD’s operations consist of several retreatment sites across the East, Central and Far West Rand, in Gauteng, at which it blends material from multiple sites to ensure an optimal head grade, rather than focusing on mining out the highest-grade dumps.
They did so by finding innovative solutions for gaps in political delivery and are becoming increasingly prominent in the high-risk areas of combating crime, especially illegal mining and theft in the mining industry, and the ‘construction and ‘tender mafia’, restoring logistics and supplementing our failing national electricity utility, Cumming and Pretorius said.
DRDGOLD LIMITED, a prominent player in South Africa’s gold mining industry, has released its operational update for the third quarter ending 30 September 2023. The company’s report reveals a mixed bag of performance indicators, with gold production on the rise but offset by increased operational costs. In the face of several challenges and shifts in the market, DRDGOLD achieved notable milestones during the quarter, underscoring its resilience in the dynamic mining sector.
Despite the increase in gold production, cash operating costs per kilogram of gold sold increased from the previous quarter to R825,630/kg due to increases in the Municipal electricity tariffs and winter tariffs charged during the current quarter. The cash operating costs per tonne of material decreased marginally from the previous quarter to R190/t due to the increase in tonnage throughput.
All-in sustaining costs per kilogram was R951 008/kg, increasing quarter-on-quarter from R921 603/kg, mainly due to the increase in DRDGOLD cash operating costs, and despite a decrease in sustaining capital expenditure. All-in costs per kilogram was R1 097 718/kg, decreasing quarter-on-quarter from R1 150 641/kg, mainly due to lower growth capital expenditure in comparison to the previous quarter.
Cash operating costs per tonne of material decreased by 2% to R190/t owing to an increase in tonnage throughput.All-in sustaining costs per kilogramme were R951 008/kg, increasing quarter-on-quarter from R921 603/kg, mainly owing to the increase in cash operating costs, and despite a decrease in sustaining capital expenditure (capex).
The gold output of DRDGOLD, which reprocesses tailings at Ergo on the East Rand and at Far West Rand Gold Recoveries on the West Rand, increased to 1 284 kg and gold sold increased to 1 267 kg compared with the previous quarter ended June 30.
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Swiss Mining Institute (SMI) European Mining Investment 24 May 2023 (PDF - 4.54MB)
Results for the six months ended 31 December 2022 (PDF - 0.36 MB)