DRDGOLD Ltd. (ADR) (NYSE:DRD)
CAPS Rating:
A gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting.
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A gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting.
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They had to scale down and may never be able to exploit all of their huge resources, but at the current share price and with their balance improved through asset sales, their above-the-ground ops alone may well save them from limbo. They do have some current issues with the strong Rand and energy scarcity which just means they may be at the bottom of the down cycle. Except if you are bearish on gold, you might like the stock as a hedge for your energy investments. Or maybe play First Uranium.