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April 24, 2009
Low-cost surface operations closing high-cost ERPM gap - DRDGold
JOHANNESBURG (miningweekly.com) - Low-cost gold production from surface material was starting to fill the gap left by the closure of the high-cost East Rand Proprietary Mines (ERPM) underground operation, DRDGold CEO Niël Pretorius said on Friday.
The company had R545-million in cash or cash equivalents and had maintained a strong balance sheet, DRDGold CFO Craig Barnes reported, adding that most of the cash was at the level of DRDGold, which had a large assessed loss.
Posted by StaffWriter at April 24, 2009 7:27 AM