DRD:NYSE - DRDGOLD LTD

Good pullback on DRD. If it gets back over $15 could be worth a look.

DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production. At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees. The remaining 1 426 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2018, the company produced 150 423oz of gold, generated R2 490.4 million in revenue, spent R1 452.7 million on capital projects (property, plant, equipment, surface) and 191ha of rehabilated land were lodged for clearance for redevelopment. Mineral Resources of 7.3Moz and Mineral Reserves of 3.3Moz were declared. (Source: www.drdgold.com/about-us)

Comment:

Nice bounce off the trailing range.