DRDGOLD to list on A2X

DRDGOLD announced today that it will list its shares for trade on A2X Markets from 5 September 2023.

DRDGOLD will retain its primary and secondary listing on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE).

DRDGOLD is currently trading on the JSE with a market cap of R16.84 billion and a share price of around R19.48.

The company also said its issued share capital will be unaffected by the additional listing on A2X.

DRDGOLD is the only company in South Africa focused solely on the retreatment of surface gold tailings.

The company has two major production footprints – the Far West Gold Recoveries operation to the west; and Ergo Mining Proprietary Limited, a major surface gold tailings retreatment operation stretching from central Johannesburg to Ekurhuleni in the east.

A2X CEO Kevin Brady said, “We look forward to welcoming DRDGOLD to our market next week.”

“Their listing on A2X will give DRDGOLD shareholders the opportunity to transact on a lower-cost platform in South Africa and enable them to enjoy the benefits that a secondary listing on A2X brings.”

“These include added liquidity, lower exchange fees and narrower spreads.”

DRDGOLD joins other companies from the mining sector trading on A2X including AngloGold Ashanti, Gold Fields, Harmony, Impala Platinum and Pan African Resources.

DRDGOLD’s listing will bring the number of instruments listed on A2X to 179 with a combined market capitalisation of over R10.6 trillion.

Other well-known South African companies trading on A2X include AVI, Barloworld, Coronation, Exxaro, Discovery, Growthpoint, Life Healthcare, Implats, Investec, Mr Price, Naspers, Nedbank, Netcare, Pick n Pay, PPC, Remgro, Sanlam, Sasol, Shoprite, Sun International, Standard Bank, WBHO and Woolworths.