Loading ...Note: I have both DRD and SBSW a long time. Doing great on both, I guess as long as Gold and Palladium metals stay high.
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At least, that’s the business model of DRDGold Ltd. DRD, the best-performing stock on the MSCI ACWI Select Gold Miners Investable Market Index this year. The company, which specializes in recovering gold from mine dumps in and around Johannesburg, has surged 271% in 2020, also making it the biggest gainer on South Africa’s FTSE/JSE Africa all share benchmark.
With the pandemic spurring demand for haven assets and central banks pumping unprecedented levels of stimulus, gold has surged to a record high, boosting shares of producers. Also helping DRDGold this year was a 1.1 billion-rand capital injection as SBSW Sibanye Stillwater Ltd. boosted its stake in the company, as well as the stock’s re-inclusion in the VanEck Vectors Gold Miners ETF. the stock more than doubled last year after the company began buying back shares, For now, DRDGold intends to keep processing tailing dumps. focusing on the unmaintained sand mine dumps dotted around Johannesburg
https://finance.yahoo.com/m/1542a0df-dd69-30e9-8b6a-0b047d087fee/barrick-gold-gets-in-the-zone.html