Pretorius sees WRTRP transaction as an investment

Johannesburg-focused gold processor DRDGold is hoping that the addition of the West Rand tailings retreatment project (WRTRP), currently the subject of a R13-billion deal with Neal Froneman-led Sibanye-Stillwater, will attract longer-term investors, which might still be deterred by "extreme volatility" in the company's share price. Speaking to Mining Weekly Online prior to a presentation of the company's results, on Thursday, CEO Niël Pretorius stated that, besides increased throughput and production, the project could also potentially attract investors with "slightly different portfolio mandates", which would support the share price's upwards trajectory and provide a degree of stability.