DRDGOLD Ltd traded at 3,428.00 this Wednesday July 15th, decreasing 48.00 or 1.38 percent since the previous trading session. Looking back, over the last four weeks, DRDGOLD lost 17.16 percent. Over the last 12 months, its price rose by 40.90 percent. Looking ahead, we forecast DRDGOLD Ltd to be priced at 3,376.89 by the end of this quarter and at 3,069.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
DRDGOLD Limited is a South Africa-based holding company. The Company is primarily involved in the retreatment of surface gold tailings. The Company’s business includes Ergo, Far West Gold Recoveries (FWGR), Hot Button Features and Resources and Reserves. Ergo business is a surface gold retreatment operation, which treats old slime dams and sand dumps to the south of Johannesburg’s central business district, as well as the East and Central Rand goldfields. The operation comprises three plants. The Ergo and Knights plants operate as metallurgical plants. The Ergo plant treats around 1.7 Mtpm of material. The City Deep plant operates as a pump/milling station feeding the metallurgical plants. The Company’s FWGR is a surface gold retreatment operation that treats old slime dams in the West Rand goldfields and is located near Carletonville in South Africa’s Gauteng province. Mineral Resources consist of sand dumps, slimes dams and silted areas and dams.