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DRDGold provides profit guidance for WRTRP

6th February 2018

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Dual-listed DRDGold on Tuesday said it expects the West Rand tailings retreatment project (WRTRP) to generate a profit of R229.4-million for the 12 months ending December 31, 2019.

The company is in the process of acquiring the project from fellow gold and platinum miner Sibanye-Stillwater.

The profit forecast is based on throughput of 500 000 t/m at a recovered grade of 0.29 g/t; working costs per ton processed of R63.97 and a gold price of R564 245/kg.

The WRTRP is valued at R2.1-billion.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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