Depo Gold Program Description

The company Depo Gold was established in 1994. Is a mid-tier, unhedged gold producer, and the fourth largest gold company in South Africa. Increasingly, its focus is on the recovery of lower-risk, lower-cost, higher-margin ounces. At present, 54% of production comes from surface retreatment operations. The company holds a 64%-interest in operating subsidiary Ergo Mining Operations (Proprietary) Limited. The balance is held by black economic empowerment (BEE) partner Khumo Gold SPV (Pty) Limited (Khumo Gold)(14%) and the DRDSA Empowerment Trust(4%). DEPOGOLD's strategy is to enhance shareholder value by reducing risk, controlling costs, managing margins and taking a disciplined approach to growth in the highly competitive mining environment.