Vision 2028 Initiative

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H.C. Wainwright Lifts DRDGOLD Price Target To $30.50, Shares Up 3%
Financial Modeling Prepยท 2025-09-23 16:07
Core Viewpoint - H.C. Wainwright raised the price target for DRDGOLD Ltd. to $30.50 from $18.75, maintaining a Buy rating due to strong investor interest in the Vision 2028 Initiative and favorable conditions from high gold prices [1] Group 1: Vision 2028 Initiative - The Vision 2028 Initiative includes plans for expanding gold operations with approximately R7.8 billion ($449.7 million) in capital expenditures [2] - Key projects under this initiative involve the expansion of the Ergo Processing Plant, the integration of solar power and battery storage for enhanced efficiency, and the Knights Tailings Reclamation project aimed at recovering gold from historical deposits [2] Group 2: Far West Gold Recoveries (FWGR) - The Vision 2028 plan for FWGR aims to more than double the processing capacity of the Driefontein 2 plant to 1.2 million tonnes per month [3] - A new regional tailings storage facility is also planned to support the increased throughput, which management believes will extend operational life and enhance output [3]