We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Tailings retreatment specialist DRDGold lifted production in the March quarter and lowered its all-in costs as it put the bulk of its investment in a new project behind it and started reaping the benefits. DRDGold concluded a deal in 2018 to acquire tailings dumps, a processing plant and a deposition site from Sibanye-Stillwater in exchange for a 38% stake in the tailings company. The new Far West Gold Recoveries business promises to be a game changer for DRDGold, giving it 82% more reserves, which now stand at about 6-million oz of gold.  DRDGold poured R188m into the Far West business during the December quarter, a number which reflected in the very high all-in cost of R732,394/kg against a received gold price of R564,218/kg.

PODCAST: The growing power of class action lawsuits..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now