Sector: Basic Materials
The company is not available at Interactive Brokers
DRDGOLD (JSE:DRD) is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. The company's network of assets 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 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.
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Sibanye Stillwater on Tuesday said its platinum group metal (PGM) output declined nearly 10% during the first quarter, impacted by power cuts in South Africa and operational disruptions in the United States.
2023-05-09
South Africa`s Sibanye-Stillwater said on Thursday it had stopped operations at its gold mines after two major unions began a strike over wages.
2022-03-10Sibanye-Stillwater should merge with peers Gold Fields and AngloGold Ashanti to create a gold mining leader which would beat Newmont to the top spot, the miner`s CEO Neal Froneman told South African newspaper Business Day on Monday.
2021-03-08
A security contractor was killed on Friday in an attempted armed robbery on a Harmony Gold plant west of Johannesburg, the latest fatal incident at a mining company in South Africa.
2019-12-20
South Africa`s rand firmed on Thursday after the country`s cabinet approved the promulgation of its long-delayed plan for electricity generation amid nationwide power cuts by state utility Eskom.
2019-10-17Production
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