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DRDGOLD Limited - DRD STOCK NEWS

Welcome to our dedicated page for DRDGOLD news (Ticker: DRD), a resource for investors and traders seeking the latest updates and insights on DRDGOLD stock.

DRDGOLD Limited (DRD), headquartered in Johannesburg, South Africa, has been a pioneering force in the gold mining industry since its inception in 1895. Specializing in the reclamation of surface gold tailings, the company focuses on the exploration, extraction, processing, and smelting of gold. Primarily operating in the Witwatersrand Basin within Gauteng Province, DRDGOLD has become a global leader in reclaiming surface gold resources.

The company operates through two main segments: Ergo and Far West Gold Recoveries (FWGR). The Ergo segment is a surface gold retreatment operation that processes old slime dams and sand dumps located south of Johannesburg's central business district and extends to the East and Central Rand goldfields. Conversely, the FWGR segment focuses on retreating old slime dams situated in the West Rand goldfields. Notably, the Ergo segment contributes the majority of DRDGOLD's revenue.

Recent developments highlight DRDGOLD's ongoing commitment to innovation and sustainability. On November 9, 2023, the company announced its participation in the 121 Mining Investment Conference in London, with senior executives presenting recent and future planned activities. Another significant milestone is their scheduled involvement in the 121 Mining Investment Conference in Cape Town on February 5-6, 2024.

DRDGOLD's strategic focus on sustainability aligns with its 'Green Mining' principles. By leveraging advanced technologies, the company not only produces gold but also rehabilitates hundreds of hectares of land for social and industrial use. This dual approach of profitability and environmental stewardship ensures that DRDGOLD creates long-term value for all stakeholders, including local communities.

With a robust financial condition and strategic partnerships, DRDGOLD continues to lead in the niche market of surface gold tailings retreatment. Investors and stakeholders can keep abreast of the company's latest news, developments, and financial performance through their participations and ongoing projects.

Rhea-AI Summary
DRDGOLD Limited is set to participate in the 121 Mining Investment Conference in Cape Town, hosting over 125 mining companies and 550 investors for pre-arranged meetings. The event aims to provide expert commentary and market intelligence on industry developments, taking place on February 5-6.
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Rhea-AI Summary
DRDGOLD Limited (JSE: DRD) (A2X: DRD) (NYSE: DRD) announces participation in 121 Mining Investment Conference in London. Niël Pretorius, CEO, and Mpho Mashatola, Group Financial Manager, to present recent and future activities. Event to host 175+ mining companies, 500+ investors for targeted meetings, expert commentary, and market intelligence. Date: 20-21 November 2023. Free registration available.
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FAQ

What does DRDGOLD Limited do?

DRDGOLD Limited specializes in the reclamation of surface gold tailings, focusing on exploration, extraction, processing, and smelting of gold.

Where is DRDGOLD Limited headquartered?

DRDGOLD Limited is headquartered in Johannesburg, South Africa.

What are the core operating segments of DRDGOLD?

DRDGOLD operates primarily through two segments: Ergo and Far West Gold Recoveries (FWGR).

What is the Ergo segment?

The Ergo segment is a surface gold retreatment operation that processes old slime dams and sand dumps south of Johannesburg's central business district, extending to the East and Central Rand goldfields.

What is the Far West Gold Recoveries (FWGR) segment?

The FWGR segment focuses on retreating old slime dams situated in the West Rand goldfields.

What recent achievements has DRDGOLD announced?

DRDGOLD recently announced its participation in the 121 Mining Investment Conferences in London and Cape Town, where senior executives will present recent and future planned activities.

How does DRDGOLD contribute to sustainability?

DRDGOLD follows 'Green Mining' principles, leveraging advanced technologies to produce gold while rehabilitating land for social and industrial use, creating long-term value for stakeholders.

What is the significance of the Witwatersrand Basin for DRDGOLD?

The Witwatersrand Basin in Gauteng Province is the primary region where DRDGOLD conducts its surface gold tailings retreatment operations.

How can investors stay updated on DRDGOLD's activities?

Investors can stay updated on DRDGOLD's latest news, developments, and financial performance through their participation in investment conferences and ongoing projects.

When was DRDGOLD Limited founded?

DRDGOLD Limited was founded in 1895.

DRDGOLD Limited

NYSE:DRD

DRD Rankings

DRD Stock Data

827.90M
864.59M
14.65%
1.61%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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