Established in 1895, DRDGold is a gold producer in South Africa along with being a world leader in gold recovery from retreatment of surface tailings in the country. DRDGold has a wide range of assets that are unrivalled in South Africa and with consolidated businesses that operate as a single entity, is aimed at optimizing assets so that gold production can flourish.
DRDGold has a primary listing on the Johannesburg Stock Exchange (JSE) Limited under the stock symbol DRD, with a secondary listing on the New York Stock Exchange under the same stock symbol. DRDGold has a current market capitalization of $834 million.
What sets DRDGold apart from its competitors?
Not only is DRDGold a profitable and successful business, but it is actively involved in creating jobs for skilled workers in South Africa. The BEE partners of DRDGold are Khumalo Gold SPV Proprietary Limited, also known just as Khumalo Gold, as well as the DRDSA Empowerment Trust, with Khumalo Gold holding 8.1% interest in DRDGold while the Trust holds 2.4%
DRDGold runs operations 24 hours a day, 7 days a week, all year round, with four plants located across South Africa. While DRDGold has had profitable earnings, it has recently reported that it anticipates its earnings to double later during the year.
Earnings per share (EPS), as well as headline earnings per share (HEPS) of 160.1 Zac and 176.4 Zac, were reported for the period that ended on June 30, showing increases of between 94% and 114% from the same period last year.
With revenue increases of 26% to R5,269 million because of increases in cash operating costs and increases in the Rand gold price and 7% increase in gold sold, DRDGold is expecting further increases in EPS, HEPS, and profits during the last quarter of 2021, making DRD one of the most desirable investments of the year thus far.