Premature gold mine closure can no longer be allowed, says 130-year-old DRDGOLD
With the gold price expected to be stronger for longer, hopes are high that South Africa’s five main remaining gold mining companies will maximise gold production and avoid repeating the gold sector’s big past mistake of closing operations too soon. “We simply can no longer allow gold mines to close prematurely because so much value gets lost,” is the view of DRDGOLD CEO Niël Pretorius, who was speaking to Mining Weekly on the sidelines of the 130th anniversary of the listing of the resilient DRDGOLD on the Johannesburg Stock Exchange (JSE). (Also watch attached Creamer Media video.)
With the gold price expected to be stronger for longer, hopes are high that South Africa’s five main remaining gold mining companies will maximise gold production and avoid repeating the gold sector’s big past mistake of closing operations too soon. “We simply can no longer allow gold mines to close prematurely because so much value gets lost,” is the view of DRDGOLD CEO Niël Pretorius, who was speaking to Mining Weekly on the sidelines of the 130th anniversary of the listing of the resilient DRDGOLD on the Johannesburg Stock Exchange (JSE). (Also watch attached Creamer Media video.)
