Shares in South African gold mining company DRDGold Ltd will be suspended from trade on the Australian and Port Moresby stock exchanges tomorrow, ahead of the company's delisting from those markets.
Shares in South African gold mining company DRDGold Ltd will be suspended from trade on the Australian and Port Moresby stock exchanges tomorrow, ahead of the company's delisting from those markets.
The company, which based its regional operations out of its Subiaco office, sold its Australasian gold assets to Queensland company Emperor Mines Ltd on April 6 this year, making DRD's principal regional interest in the region its 88.3 per cent shareholding in Emperor.
By delisting from the Australian and PNG markets, DRD aims to shift focus onto its African gold assets, as well as saving an estimated $250,000 in compliance costs.
Subscribe today for award-winning, unbiased and trusted journalism