Former DRDGold CFO Francois van der Westhuizen
JOHANNESBURG (miningweekly.com) – Francois van der Westhuizen has stepped down as CFO of gold miner DRDGold, with the company announcing on Monday that his resignation was effective July 18.
The company, which on Monday also revealed that it expected to report a 13% quarter-on-quarter increase in gold production for the three months ended June 30, said former Mintails CFO Anthon Meyer would serve as interim CFO for a two-month period, subject to the finalisation of various regulatory and administrative processes.
Meanwhile, the miner expected its cash operating costs for the quarter to decrease by 6%, while cash and cash equivalents had likely increased from R206-million to about R210-million.
"Following the suspension of the flotation and fine grind (FFG) circuit in April, it was important that we stabilise Ergo's carbon-in-leach circuit. This circuit is now delivering into call, and we are well positioned to start a three-month test programme of the FFG in September, after Eskom's winter tariffs come to an end,” DRDGold CEO Niël Pretorius said.