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DRDGOLD (DROOY)
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Competition Commission approves Blyvoor sale
Mining Weekly  May 25  Comment 
The Competition Commission has unconditionally approved the sale of DRDGold’s 74% shareholding in Blyvooruitzicht Gold Mining Company (Blyvoor) to Village Main Reef. JSE-listed mining companies DRDGold and Village, which sent out a joint...
Resources Watch
Mining Weekly  May 10  Comment 
This week: DRDGold lifts output from its consolidated surface operations. The cost of Wesizwe’s new platinum mine will rise to R12-billion. And, ultrafiltration technology will be used at a new water treatment plant in Sierra Leone.
DRDGold lifts output from consolidated surface operations
Mining Weekly  Apr 26  Comment 
South African gold miner DRDGold said the consolidation of its Crown and Ergo circuits improved operating efficiencies and enhanced its competitive advantage to access and treat tailings material in the Johannesburg area. The company on Thursday...
DrdGold says Q3 gold output up 3 pct
Reuters  Apr 26  Comment 
JOHANNESBURG, April 26 - DRDGold, South Africa's fourth-largest gold producer, said on Thursday its production climbed slightly in the third quarter but headline earnings dipped as cash operating costs climbed and grades declined.
Resources Watch
Mining Weekly  Feb 23  Comment 
This week: Government-enforced stoppages deny Amplats 109 000 nonfatal ounces. DRDGold looks forward to being a ‘gold factory’. And, expected strong fundamentals augur well for Rockwell Diamonds’ future growth.
DRDGold looks to potential Goliath Gold II
Mining Weekly  Feb 14  Comment 
Exploration is under way on the East Rand, which may result in a separately listed gold play. “Perhaps we have another Goliath here,” says DRDGold CEO Niël Pretorius, a reference to DRDGold’s ERPM extension one and two, which adjoins the...
DRDGold continues exploration work in Zimbabwe
Mining Weekly  Feb 14  Comment 
South African gold producer DRDGold, which has an ongoing exploration drilling programme in neighbouring Zimbabwe, has not been asked to pay ground rents.
DRDGold looks forward to being ‘gold factory’
Mining Weekly  Feb 14  Comment 
The owner of the world’s biggest “gold factory”, the JSE-listed DRDGold – which has made its final move from risky deep-level mining to the thriving business of recycling dumps on surface – is introducing new technology that will wring...
DRDGold Q2 profit up 65 pct on higher gold price
Reuters  Feb 14  Comment 
DRDGold, South Africa's fourth-largest gold producer, said on Tuesday that second-quarter earnings climbed 65 percent as it continued to cash in on the higher gold price.
Village concludes binding deal to buy DRDGold’s Blyvoor
Mining Weekly  Feb 13  Comment 
JSE-listed Village Main Reef has concluded a binding agreement to buy the Blyvooruitzicht (Blyvoor) gold mine from DRDGold for R1 and shares worth about R192-million. Village Main and DRDGold first announced the transaction in November last year.




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Paul Raman
www.zacks.com

DRDGOLD Limited (DROOY) is an unhedged gold producing company with operations in South Africa and Australasia. In South Africa, DRDGOLD has an 74% interest in DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA), the balance of which is held by its Black Economic Empowerment (BEE) partner, Khumo Gold SPV (Pty) Limited (Khumo Gold). DRDGOLD SA wholly owns and operates the Blyvooruitzicht Gold Mining Company Limited (Blyvoor) and East Rand Proprietary Mines Limited (ERPM) gold mining operations and the Crown Gold Recoveries (Pty) Limited (Crown) surface re-treatment operation. In Australasia, DRDGOLD has a 78.9% interest in Emperor Mines Limited (Emperor Mines), which owns and operates the Tolukuma gold mine in Papua New Guinea (PNG) and the Vatukoula gold mine in Fiji. Emperor Mines also had a 20% stake in the Porgera Joint Venture in PNG, managed by Barrick Gold Corporation.

DRDGOLD's total attributable resource base was 47.645 million ounces (Moz) and its total attributable reserves were 8.833 Moz. Of the total attributable resources, 85% were in South Africa and the balance in Australasia while 76% of total attributable reserves were in South Africa and the balance in Australasia.




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