The key resolutions approved were that DRDGold would issue 265 million shares to Sibanye-Stillwater in return for WRTRP which will allow DRDGold process some 78 million tonnes (Mt) of gold-bearing tailings in the first phase of the project. In return for the resources, approximately 38% of DRDGold will be handed over to Sibanye-Stillwater.

Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).

DRDGold has hit a rare jackpot for the second time in the tailings transaction with Sibanye-Stillwater, securing good grades, water, infrastructure and a licensed deposition site while nearly doubling its gold reserves, says CE Niël Pretorius.

The combination of DRDGold (SJ:DRD) and Sibanye-Stillwater’s (SJ:SGL) West Rand Tailings Retreatment project (WRTRP) looks like providing the sort of re-rating the South Africa-focused company has been chasing. Yet, it admits it would probably not have such options if the country was the foreign investment hotbed it previously was.

Niel Pretorius, chief executive of DRDGOLD Limited, discusses with Proactive's Andrew Scott the proposed deal with Sibanye-Stillwater.

[Mining Review] -- Dual-listed DRDGOLD CEO, Niël Pretorius, says the proposed transaction with Sibanye-Stillwater, based on the latter’s West Rand Tailings Retreatment Project “is well within DRDGOLD’s capacity to execute, and is capable of delivering both short-term value and long-term optionality”.

[Africa Live] -- It's reporting season for some of the gold miners in South Africa, and at least two of them are showing good interim results. Harmony Gold produced a 49 percent increase in headline earnings recently. And DRDGold was also happy with its six months performance.

[Business Day] -- Gold producer DRDGold released its interim on Thursday, announcing that revenue was up 6% to R1.25bn due to higher gold production and gold sales.

[RSG] -- DRDGold results: Neil Pretorius radio interview 

[Business day] -- DRDGold’s share price jumped 8.8% to R8.85 on Thursday morning after it declared a 5c interim dividend on a return to profit.