MINING NEWS
Northam initiates strategic, competitive process Northam Platinum’s board of directors have resolved to commence a strategic, competitive process to solicit proposals regarding value-accretive potential
transaction(s). The decision follows an unsolicited, exploratory, non-binding approach from a major producer in the South African platinum group metals (PGM) industry regarding a potential transaction with Northam involving what was broadly presented as an “asset-level transaction” or a “corporate transaction”. Crucially, the company’s growth profile coincides with a shrinking primary PGM supply, as the long lead times associated with developing new mines means that the decline in primary supply cannot be halted or slowed until well into the next decade. In the context of Northam’s exceptional growth prospects (including under Vision 2031) and management’s proven track record of delivering on strategic, operational and financial objectives, the board believes that the process will crystallise the company’s long-term value and strong industry position, for the benefit of the company, its shareholders and other stakeholders. In addition, the
Northam has exceptional growth prospects.
the Process or, alternatively, through continued investment in the company as it continues to execute on its growth objectives and deliver meaningful returns to shareholders. n
process will provide the company with increased optionality, thereby optimising shareholders’ investment value in the company, either through value-accretive transaction(s) which may emerge from
DRDGOLD delivers strong FY2026 results as Vision 2028 takes shape JSE-listed DRDGOLD ended FY2026 with stable production and materially higher earnings, as more than R5 billion invested in Vision 2028 began translating into new operating infrastructure and capacity. starting to come online and the next phase of DRDGOLD is beginning to take shape.” Vision 2028 is DRDGOLD’s approximately R10 billion programme to increase combined throughput at
ERGO and Far West Gold Recoveries (FWGR), lift annual gold production towards six tonnes by 2028 and extend FWGR’s life of mine. More than R5 billion has now been invested. n
Revenue increased by 42% to R11.2 billion, operating profit by 83% to R6.5 billion and headline earnings by 89% to R4.3 billion. Gold production remained stable at 4 839 kg, marginally ahead of FY2025 and above annual guidance. “This was a year of delivery,” said CEO Niël Pretorius. “We maintained production while investing at a level that is fundamentally reshaping the business, and we did that while remaining debt- free and continuing to return value to shareholders. “What is particularly encouraging is that we are now seeing that investment translate into operating capability. The infrastructure we have been building is
DRDGOLD ended FY2026 with stable production and materially higher earnings.
4 MODERN MINING www.modernminingmagazine.co.za | OCTOBER 2026
Made with FlippingBook flipbook maker