DRDGOLD Limited (NYSE:DRD) operational efficiency was highlighted by its achievement of 93% of its targeted gold production for the year, despite only reaching 84% of its throughput target. This was made possible through innovations and strategic management, ensuring the company remained competitive even with lower volumes. The company’s decision to invest in a 60-megawatt solar plant, coupled with 60 megawatts of battery storage, is expected to provide long-term energy cost savings and reduce dependency on traditional power sources.

Wayne Swanepoel, DRDGold’s senior manager: human and social capital says Ergo Mining is deeply committed to meaningful social investment in our local and host communities. “This programme is part of our social and labour plan aimed at reskilling our communities, reducing unemployment and ultimately alleviating poverty.”

Wayne Swanepoel, DRDGOLD senior manager: human and social capital, adds: “Ergo Mining is committed to meaningful social investment in our local and host communities. We recognise the importance of empowering the communities around our mining operations with essential fourth industrial revolution skills to enable their participation in and benefit from future business opportunities.”

The training and business incubation programme is planned for two areas within Ekurhuleni – Duduza and Tsakane – and in Soweto and will focus on equipping 50 youth with skills in the areas of mobile device repairs, data annotation and graphic design. The training courses will run between six and nine months, starting in October.

DRDGOLD (NYSE:DRD) has had a great run on the share market with its stock up by a significant 9.3% over the last week. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. Specifically, we decided to study DRDGOLD's ROE in this article.

The presentation of DRDGOLD CEO Niël Pretorius at the thirty-sixth annual Gold Forum Americas 2024 in Colorado Springs highlighted the company’s world-leading gold-from-tailings advances that restore the environment, uplift communities and pay consistent dividends to shareholders.

DRDGOLD is creating self-sustaining livelihoods in urban agriculture and entrepreneurship through the development of the Ergo Riverlea Livelihoods programme, which forms part of Ergo’s social and labour plan and the larger Sustainable Livelihoods initiative. The programme was established in response to a request from the Federation for a Sustainable Environment and the Riverlea Mining Forum for DRDGOLD to create economic opportunities for the people of Riverlea and the Zamimpilo informal settlement.

As it becomes increasingly imperative for mines to ensure responsible closure, gold recycling company DRDGOLD Niël Pretorius has said it is important for mining companies to implement realistic environmental, social and governance (ESG) initiatives that will not backfire later when goals cannot be met.

DRDGold signed a memorandum of understanding (MOU) in March this year with Copper 360 to carry out a due diligence on the company’s copper tailings dams which Copper 360 estimates contain some 50m to 60m tons of material with grades varying between 0.18% to 1.5% copper.

The company was now pivoting on a “tight capital reinvestment programme” as it sets up “infrastructure to boost capacity to produce 6 tonnes of gold, which is a tonne more” to what it produced this year.