DRD

DRDGOLD Limited is a South African gold mining company engaged in surface gold tailings retreatment operations. The company processes gold-bearing mine tailings and waste materials from historical mining activities in the Witwatersrand Basin near Johannesburg. DRDGOLD operates large-scale surface processing operations extracting remaining gold from tailings dumps and slime dams. The company benefits from low-cost surface mining operations, extensive tailings resources, environmental remediation value from processing waste, and exposure to gold prices. Founded in 1895 and headquartered in Johannesburg, South Africa, DRDGOLD has specialized in tailings retreatment operations. The company is majority-owned by Sibanye Stillwater. DRDGOLD faces operational challenges including declining head grades, rising input costs, electricity supply reliability in South Africa, regulatory and environmental requirements, and exposure to South African political and economic risks. The company generates cash flows during favorable gold price environments. DRDGOLD continues to optimize operations, process extensive tailings resources, manage costs, and navigate South African mining industry challenges while benefiting from gold price exposure and environmental remediation aspects of its operations.