Johannesburg, South Africa. 28 October 2021. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRDGOLD) Chairman Geoff Campbell, in the Company’s Annual Integrated Report (AIR) for FY2021 released today, reflects on a year that saw the Company deliver a solid operating performance which – together with the high gold price – resulted in exceptional financial results.
DRDGOLD was placed first at the Sunday Times Top 100 Companies awards last year for the company that generated the highest return to shareholders compared to other JSE-listed peers.
But Campbell adds: “Operating through the COVID-19 pandemic has put a huge amount of stress on everyone as we deal with the unprecedented disruption and uncertainty as to how this pandemic will finally be brought under control.
“DRDGOLD has worked diligently to put in place measures to minimise the risk of COVID-19 and keep our workforce safe.
“The Company continues to literally change the face of South Africa. We are moving almost 30 million tonnes of dump material every year. That equates to a tonne of material, every second of every day. It is being moved away from residential areas where it has the potential to spread dust and cause other environmental hazards to a safe and contained facility.
“We operate some of the biggest tailing facilities in the world to contain the
material that we treat.
“We have concluded definitive feasibility studies for a huge tailings retreatment investment in the West Rand, along with power generation and storage projects in the East Rand, that will improve the economics of our operations and reduce our carbon footprint.”
DRDGOLD CEO Niël Pretorius says: “DRDGOLD has been very disciplined in its capital investment strategy to provide both resilience during the downcycle and opportunity during the upcycle.”
The DRDGOLD AIR reflects in detail on the Company’s performance in FY2021 against five criteria – financial, operational and growth, environmental, social, and health and safety:
Total economic value distributed in FY2021 was R4 331 million.
On its short-term strategic outlook (2021-2022), DRDGOLD anticipates continuing its focus on Ergo and FWGR to set up the business for the next growth phase. The business will achieve this by ensuring cash generation, cost control and efficiency, as well as obtaining regulatory approvals for the development of solar photovoltaic and battery storage facilities. The Company will also look to obtain regulatory approvals for Ergo and FWGR for the Withok Tailings Storage Facility extension and the Regional Tailings Storage Facility building respectively.
Note to editors:
DRDGOLD’s full report suite for FY2021 comprising the AIR, Annual Financial Statements, Notice of Annual General Meeting, Form 20-F and ESG factsheet can be accessed on the Company’s website, Reports and Results.
Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a prolonged strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licences or other governmental approvals, changes in DRDGOLD’s competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.
These risks include, without limitation, those described in the section entitled “Risk Factors” included in our Form 20-F for the fiscal year ended 30 June 2021, which we filed with the United States Securities and Exchange Commission (SEC) on 27 October 2021. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or the occurrence of unanticipated events. Any forward-looking statement included in this report has not been reviewed or reported on by DRDGOLD’s auditors.
Investor and media relations queries:
R&A Strategic Communications