Overview
Description
DRDGOLD Ltd. Sponsored ADR is a financial instrument that represents shares in DRDGOLD Limited, a company primarily engaged in gold mining and recovery operations, primarily in South Africa. The American Depositary Receipt (ADR) allows U.S. investors to invest in DRDGOLD without needing to directly purchase foreign shares. DRDGOLD is renowned for pioneering the recovery of gold from previously mined assets, a process that not only yields significant gold output but also supports sustainable environmental practices by reprocessing waste. The company's operations are heavily concentrated in the East Rand Basin, which is historically one of the richest gold-producing regions globally.
The ADR format eases trading for U.S. investors by making it accessible on American stock exchanges, complete with dividends in U.S. dollars, transparent pricing, and streamlined tax processes. DRDGOLD's leveraging of technology to extract gold efficiently positions the company as a key player in the resource sector, significant for those interested in the mining industry and sustainable recovery methodologies. Through its innovative approaches, DRDGOLD Ltd. Sponsored ADR contributes to the broader dynamics of the global commodities market.
About
CEO
Mr. Daniel Johannes Pretorius B.Proc., L.L.M., LLB
Employees
893
Address
Constantia Office Park
Ground Floor Cnr 14th Ave & Hendrik Potgieter Rd Cycad House, Bldg 17, Weltevreden Park
Johannesburg, 1709
Ground Floor Cnr 14th Ave & Hendrik Potgieter Rd Cycad House, Bldg 17, Weltevreden Park
Johannesburg, 1709
Phone
27 11 470 2600
Website
Instrument type
Depositary receipt
Sector
Basic Materials
Industry
Gold
Country
United States
MIC code
XNYS