DRDGold's 15th consecutive financial year of dividend paying

DRDGold CEO Niël Pretorius.

DRDGold CEO Niël Pretorius.

Photo by Creamer Media

24th August 2022

By: Martin Creamer

Creamer Media Editor


Font size: - +

JOHANNESBURG ( – Surface gold mining company DRDGold on Wednesday announced its fifteenth consecutive financial year of dividend paying.

For the year ended June 30, the Johannesburg- and New York-listed company, headed by CEO Niël Pretorius, declared a final dividend of 40c a share, totaling a distribution of 60c a share for the 12 months.

DRDGold generated R871.6-million in free cash flow for the year, supported by a gold price off recent highs but still robust.

In a release to Mining Weekly, Pretorius portrays the financial year for the company, South Africa and the world as being characterised by a ‘litany’ of challenges less to do with Covid and more to do, in South Africa, with:

  • infrastructure theft and decay;
  • lack of deployment of resources by those responsible for the protection of lives and property;
  • an angry society, community violence and violent crime;
  • labour unrest;
  • deteriorating service delivery; and
  • the soaring cost of basics required by business and communities.

On a global scale, Pretorius cites the challenges posed by climate change and war. Against that background, DRDGOLD had held its own.

“One of the core principles that informs our strategic thinking is that, to thrive well, you need to survive well.

“In practice this means that, for many years, we have deliberately invested in capital and developing a system to increase business resilience and robustness. This approach has carried us through,” said Pretorius.

Looking ahead, DRDGold remained committed to investing in the sustainability and growth of its business, growing capital investment from R584.1-million to R700-million in the financial year, now under way.

Although the latest Fraser Institute report flags South Africa as the fourth-worst mining jurisdiction out of 185 surveyed internationally, this did not mean that it was impossible to thrive in this jurisdiction – “it simply means that the standard of political governance is not such that it enables and promotes business”.

Edited by Creamer Media Reporter



Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...


Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (23/02/2024)
23rd February 2024 By: Martin Creamer
Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024
An image of Dr Mehran Zarrebini posing in front of waste tires
Firm emphasises valorisation
23rd February 2024 By: Lumkile Nkomfe

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.295 0.349s - 162pq - 2rq
Subscribe Now