Cash-flush DRDGold mulling share buy-back

Surface gold mining company DRDGold, which has R324-million cash on hand after paying a five-times-higher dividend, is considering a buy back of shares in support of its long-term shareholders. DRDGold CEO Niël Pretorius, who has led a technical and financial turnaround of the gold-from-dumps specialist, tells Creamer Media’s Mining Weekly Online in the attached video interview that the market appears to be favourable to a buy back that would reduce the number of shares in circulation.