Elandskraal mines mainly the Ventersdorp Contact Reef (VCR) and the Carbon Leader. Production in 2007 was 195,000 ounces, proven and probable reserves totalled 8.3 million ounces and additional identified resources totalled 7.1 million ounces. An R989 million (US$137 million) project to develop a deeper 'new mine' to exploit the VCR between 3,000 and 3,600 metres below surface is well advanced. It is expected to be complete in 2010 and boost annual production to 416,000 ounces.
On 3 October 2007 3,200 employees were trapped underground when a 15 metre compressed air pipe broke away just below surface in the men and material shaft and fell to the shaft bottom, severely damaging both the shaft steelwork and the electricity supply to the sub men and material shaft. The trapped workers were all brought to surface by 4.00 p.m. the following day after cages had been installed in the rock shaft. 48 days of production were lost .