DRDGOLD Limited ADR

Gold prices logged their steepest quarterly decline in 13 years, with spot prices falling 15% in the second quarter of 2026, the worst drop since the second quarter of 2013. The selloff was driven by rising inflation concerns following the Middle-East conflict, which pushed energy prices higher and raised the likelihood of an interest rate hike by central banks. In the United States, traders are pricing in a 65% chance of a rate hike in September, per the CME FedWatch tool. The recent correction may have created an attractive entry point into high-quality gold mining stocks for long-term investors, including DRDGOLD Limited, Newmont Corporation, and Barrick Mining Corporation. DRDGOLD remains on track to achieve the upper end of its 2026 production guidance of 140,000 to 150,000 ounces while maintaining a debt-free balance sheet, Newmont ended the first quarter of 2026 with approximately 12.8 billion dollars in liquidity, and Barrick Mining reported roughly 7.1 billion dollars in cash and cash equivalents.