DRDGOLD is a South African gold mining company that extracts and refines gold from surface tailings—waste material left by historical underground mining operations—using hydro-mining and mechanical extraction followed by carbon-in-leach metallurgical processing. The company operates two subsidiaries with processing plants in the Witwatersrand Basin: Ergo, located in central and east Johannesburg, and FWGR (Far West Gauteng Region), based in Carletonville on the West Rand, together processing tens of millions of tonnes of tailings material annually to recover gold refined to 99.9% purity. DRDGOLD sells refined gold directly to South African bullion banks at market prices determined by US dollar spot prices and rand-dollar exchange rates, with revenue dependent on both production volumes and prevailing gold prices driven by macroeconomic factors including inflation, interest rates, and geopolitical conditions.