JOHANNESBURG (miningweekly.com) – Gold-from-mine-waste company DRDGOLD is looking at organic growth of 40% in throughput and 30% in output, using internally funded cash flows and infrastructure that can facilitate additional expansion well beyond the life-of-mine (LoM) of current operations.
The objective is to lift throughput to 36-million tons a year from 25-million tons a year and gold to 6 t/y from 4.6 t/y. (Also watch attached Creamer Media video).
It’s an R8-billion self-funded capital reinvestment programme so that by financial year 2028, three-million tons a month of material is processed, and 200 000 oz of gold is produced.
In financial year 2025, R1.8-billion rand was spent. In financial year 2026, R3-billion expenditure is being looked at, and for the remainder of 2027 and a part of 2028, R3.2-billion will open the way to completion.
DRDGOLD, the oldest, at 131 years, continuous listing on the Johannesburg Stock Exchange, has been focused exclusively on surface retreatment for the last 13 years. It is also listed on the New York Stock Exchange and has a market capitalisation of roughly R30-billion or just over $2-billion.
