DRDGOLD second in national awards
The mining company DRDGold ranked second in the prestigious Sunday Times Top 100 Companies 2023 awards last week.
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DRDGold, which owns Far West Gold Recoveries between Carletonville and Fochville, received this recognition at the awards on 9 November. The awards acknowledge JSE-listed companies that have earned the highest returns for their shareholders over the past five years.
An assessment of the share price performance of listed companies over a rolling five-year period was conducted to determine the winners, using a hypothetical initial investment amount of R10,000. This year’s investment measurement period ran from 31 August 2018 to 31 August 2023.
DRDGold came in second, with a total return of 638 per cent, the initial R10,000 investment growing to R73,843.
Gold came out top on the night, with Gold Fields taking the honours with a return of 668 per cent.