DRDGOLD - Tailings is a New Investment Class

Matthew Gordon,
Ptolemy Capital


We like tailings as an investment category. It's de-risked mining. No geological risks. It's safer. You could argue it's greener. And there are hundreds of millions of tonnes at surface all over the world waiting for value to be extracted. DRDGOLD is a South African NYSE/JSE-listed gold producer and a large player in the recovery of gold from surface tailings. They have a network of assets across South Africa, which they regard as unrivaled. The company was founded in 1895 and pioneered mining methods in South Africa. Pretorius states the company has now come full-circle, and is focusing exclusively on the recycling and re-mining of tailings, both around the Johannesburg area and now, more recently, the Carletonville area. DRDGOLD attempts to provide a unique combination of processing extremely high volumes of material and nano-extraction methods.

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