DRDGOLD Limited
DRDGF
Other OTC2.11
USD
- -
- -
CIK
0001023512
ISIN
ZAE000058723
CUSIP
266291103
Return %
Stock
S&P500
1Y
52.90
19.01
3Y
83.48
65.48
5Y
134.44
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Daniel Johannes Pretorius
- Full Time Employees
- 3,410
- Sector
- Basic Materials
- Industry
- Gold
- Address
- Cycad House Johannesburg GT South Africa 1709
- IPO Date
- Sep 25, 2012
- CIK
- 0001023512
- Website
- drdgold.com
- Similar Companies
- Business
- DRDGOLD Limited is a South African gold mining company specializing in the extraction of gold through the retreatment of surface mine tailings. The company's primary products include gold and silver bullion derived from tailings reclamation. DRDGOLD operates primarily through two main segments: Ergo Mining Proprietary Limited, focusing on the retreatment of old slime dams and sand dumps around Johannesburg's central business district and East and Central Rand goldfields, and Far West Gold Recoveries Proprietary Limited, a newer, higher-grade surface retreatment operation. The company also provides care and maintenance services and operates a training center. Founded in 1895 and headquartered in Johannesburg, DRDGOLD is a subsidiary of Sibanye Stillwater. Recent major developments include DRDGOLD's strategic expansion plan to enhance production capacity, aiming to increase throughput to 3 million tonnes per month with a goal of producing over 200,000 ounces of gold annually, up from 155,288 ounces reported in the fiscal year ending June 2024. In 2024, DRDGOLD completed the commissioning of new reclamation sites at Ergo and secured R2 billion in funding for expansion initiatives focused on sustainable growth and operational capacity increases. The company has consolidated surface retreatment operations into a single entity, Ergo Mining Proprietary Limited, and acquired additional exploration tenements and strategic assets including Crown Mines and extensions at the East Rand. Furthermore, DRDGOLD signed a Memorandum of Understanding with the Innovation Hub to train unemployed youth to advance entrepreneurship in Gauteng townships. In late 2024, investment firm Van Eck Associates significantly increased its stake in DRDGOLD, underscoring confidence in the company’s growth prospects. DRDGOLD markets its products mainly in South Africa, with listings on the Johannesburg Stock Exchange and the New York Stock Exchange. The company’s operations emphasize sustainable mining practices, land rehabilitation, and maximizing value while managing social and environmental responsibilities. DRDGOLD continues to invest heavily in expanding its operational footprint, aiming to double design capacity and extend the life of its mines through innovative tailings retreatment technologies and partnerships. The company remains focused on operational efficiency and increasing gold production capacity as part of its Vision 2028 growth strategy. DRDGOLD’s strategic initiatives and capital projects position it for significant growth within the South African gold mining sector.