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DRD vs. ETF Alternatives
DRDGold Limited is engaged in the exploration, extraction, processing, and smelting of gold in South Africa. It primarily operates Ergo, a surface retreatment project; and Blyvoor, engaged in the underground and surface operations.
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Tuesday, Mar 12011, 3:02 PMThe gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was the rising rand, which meant a 29% increase in the dollar value of gold translated into just a 13% jump for the SA miners. A lower rand (SZR) could turn things around in 2011. AU, GFI, HMY, DROOY. |Tuesday, Mar 12011, 3:02 PM| Comment!