DRDGOLD announced a 25 cent per share interim dividend but said it had kept cash generated from a stellar reporting period in order to expand the business which will include a new thrust into reprocessing of platinum group metal (PGM) dumps.
It also said it was “full steam ahead” on the second phase of its Far West Gold Recoveries (FWGR), assets that it bought with shares from Sibanye-Stillwater, the latter exercising an option during the period under review to take its stake in DRDGOLD to 50.1%.
It’s highly likely, therefore, that the controlling shareholder will play a key role in developing DRDGOLD’s PGM ambitions given that Sibanye-Stillwater is the world’s largest PGM producer.
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