DRDGold set to venture into PGM sector
The proposed venture into PGM comes as DRDGold demonstrated resilience during the six months to December 2019, thanks to its recently acquired Far West Gold Recoveries (FWGR) operation, which boosted output.
DRDGold reported a 69percent surge in group revenue to R2.1billion, due to higher gold production and gold sold, coupled with a 26percent increase in the average rand gold price received to R697125 a kilogram.
The solid performance was despite the group being hit by load shedding and crime, which resulted in the murder of a senior, long-serving security official, Bart Coetzee, in an armed robbery at the Ergo plant last October.
DRD chief executive, Nië* Pretorius, said the group’s new majority owner Sibanye-Gold would open up doors.
Source: iol.co.za
