28 March 2018. It also cuts overhead unit costs through increased production and puts an end to DRDGold’s single asset operating risk.For the company, tailings around Sibanye’s Driefontein and Kloof mines near Carletonville, are relatively rich in gold compared with what it has been mining so far to the east.The first phase to unlock the tailings will focus on processing 28 million tonnes of tailings at Driefontein dump 5, which has a grade of 0.469g of gold a tonne and contains 421,000 ounces of gold, DRDGold has said.It will be funded by debt and the company has indicated it has an “in principle commitment” from a financial institution for the facility to upgrade one of the plants to process 500,000 tonnes a month and a network of pipelines and equipment.DRDGold has established itself as one of South Africa’s top gold tailings retreatment operator, using its Ergo plant to treat old dumps around the city.Sibanye-Stillwater is South Africa’s largest gold producer and the world’s third largest producer of palladium and platinum.The deal, which is expected to close in the second quarter of the year, remains subject to, and conditional on environmental permits for DRDGold to operate the selected Sibanye-Stillwater assets.DRDGold focuses on the recovery of lower-risk, higher-margin ounces – primarily from its flagship metallurgical plant located about 50km east of Johannesburg in Brakpan.

Sibanye-Stillwater is pleased to increase is holding from 38.05% to 50.1% interest in DRDGOLD effective 22 January 2020. Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) and gold operations and projects. How DRDGold scored another jackpot.

1 August 2018.

South Africa’s Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (JSE, NYSE:DRD), bringing the total stake in the gold … 23 February 2018.

DRDGOLD is a JSE-listed (Ticker code: DRD) gold producer and specialist in the recovery of metal from the retreatment of surface tailings.

DRDGOLD is a JSE-listed (Ticker code: DRD) gold producer and specialist in the recovery of metal from the retreatment of surface tailings. Any forward-looking statements included in this release have not been reviewed and reported on by DRDGOLD’s auditors.To receive up-to-the minute e-mail notifications to all our latest news and publications,

By securing the majority holding in DRDGOLD, a leading surface mining and processing company, we continue to create value for all stakeholders in line with our vision.Our gold operations consist of underground mining and surface treatment facilities in the Witwatersrand Basin.We work to avoid, minimise and mitigate any negative environmental impacts where we operate.DRDGOLD is a specialist in the recovery of metal from the retreatment of surface tailings. Sibanye-Stillwater neem bestuursbeheer by DRD Gold . DRDGOLD acquired the gold assets of Sibanye-Stillwater’s West Rand Tailings Retreatment Project – now known as Far West Gold Recoveries (FWGR) – in July 2018 in return for a 38.1% stake in DRDGOLD. It has a proven track record of optimizing innovative technology-driven processing and demonstrated expertise in surface processing infrastructure development.In August 2018 a transaction between DRDGOLD and Sibanye-Stillwater was completed, whereby Sibanye-Stillwater traded selected assets from its WRTRP project (now DRDGOLD Far West Gold Recoveries – FWGR) for a 38.05% shareholding in DRDGOLD.

(Image courtesy of Sibanye-Stillwater.

Has the rise in the gold price been too far, too fast?

Joining Sibanye-Stillwater means becoming part of a global workforce of more than 84,521 people and a company committed to strengthening our communities, preserving and protecting the integrity of our environment, and advancing the mining industry through new technologies. We are the world’s largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold (on a gold-equivalent basis), as well as a significant producer of rhodium.

Sibanye-Stillwater had a 24-month option to acquire an additional 12%. ( Diamond drill highlights include 46.5 metres of 6.15 g/t gold starting at 118.5 metres. This acquisition is key to our surface operations strategy in South Africa, which involves leveraging existing surface operations and infrastructure and developing a strong, long life surface business by exploiting the low risk and relatively high margin characteristics of West Rand surface resources.DRDGOLD’s surface operations comprise the Ergo plant and associated TSFs located 70km east of Johannesburg near Benoni and Brakpan, the Crown operations situated on the outskirts of Johannesburg including City Deep (Germiston), Crown Mines (3Cs) and Knights areas and lastly the Far West Gold Recoveries on the West Rand of the Gauteng province in the vicinity of Randfontein, Westonaria, Fochville and Carletonville, The FWGR includes historical TSFs with a total area of 412ha and includes the Driefontein 1 and 2 gold plants.DRDGOLD intends to develop the selected assets into a large scale (1.2Mtpm), long life (20 years) operation to reclaim gold through a phased approach. DRDGOLD, in a production update released today, reports a 9% year-on-year increase in gold production to 5 424 kilograms (174 385 ounces) for the financial year ended 30 June 2020. DRDGOLD's reserves to nearly double following Sibanye-Stillwater acquisition.

23 March 2018.

Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) and gold operations and projects. Working at Sibanye-Stillwater. DRDGold shareholders support Sibanye-Stillwater tailings deal. By securing the majority holding in DRDGOLD, a leading surface mining and processing company, we continue to create value for all stakeholders in line with our vision.

Planning for the phase two expansion is in progress.Our gold operations consist of underground mining and surface treatment facilities in the Witwatersrand Basin.We work to avoid, minimise and mitigate any negative environmental impacts where we operate.An archive of news and publications related to the DRDGOLD transaction, completed 31 July 2018. ET on Seeking Alpha DRDGOLD (DRD) Upgraded to Buy: Here's What You Should Know 05 March 2018. This gives SBSW control over DRD and the ability to fuel its growth.

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