SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 6-K
REPORT OF A FOREIGN PRIVATE
 
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For October 2021
Commission File Number 0-28800
______________________
DRDGOLD Limited
1 Sixty Jan Smuts Building, 2
nd
 
Floor-North Tower
160 Jan Smuts Avenue, Rosebank
 
South Africa, 2196
(
Address of principal executive offices
)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-
F or Form 40-F.
Form 20-F
☑
 
Form 40-F
☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
☐
 
No
☑
If ''Yes''
 
is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): N/A
 
 
Attached to the Registrant Form 6-K filing for the month of September 2021, incorporated
by reference herein:
Exhibit
 
99.1
 
Release dated October 25,
 
2021, “OPERATING
 
UPDATE
 
FOR THE QUARTER
 
ENDED 30
SEPTEMBER 2021”
 
 
 
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DRDGOLD LIMITED
Date: October 25, 2021
 
By: /s/ Riaan Davel
 
Name: Riaan Davel
 
Title: Chief Financial Officer
 
 
 
 
 
Exhibit 99.1
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE share code: DRD
NYSE trading symbol: DRD
(“
DRDGOLD
” or the “
Company
”)
OPERATING UPDATE
 
FOR THE QUARTER ENDED 30 SEPTEMBER
 
2021
1.
 
Operating Update
The operating update of the Company for the quarter
 
ended 30 September 2021 is as follows:
Quarter
Quarter
30 SEP 2021
30 JUN 2021
%
Production
Gold produced
kg
1,449
1,357
7%
oz
46,587
43,629
7%
Gold sold
kg
1,428
1,365
5%
oz
45,912
43,886
5%
Ore milled
Metric (000't)
 
7,421
7,506
-1%
Yield
Metric (g/t)
0.195
0.181
8%
Price and costs
Average gold price received
R per kg
839,983
821,647
2%
US$ per oz
1,786
1,810
-1%
Adjusted EBITDA *
Rm
350.8
303.1
16%
US$m
24.0
21.5
12%
Cash operating costs
R/t
114
108
6%
US$/t
8
8
-
Cash operating costs
R per kg
566,317
595,824
-5%
US$ per oz
1,204
1,312
-8%
All-in sustaining costs **
R per kg
648,880
669,744
-3%
US$ per oz
1,380
1,475
-6%
All-in costs **
R per kg
667,157
681,905
-2%
US$ per oz
1,419
1,550
-8%
Capital expenditure
Sustaining
Rm
74.8
106.7
-30%
US$m
5.1
7.6
-33%
Non-sustaining/growth
Rm
13.9
9.1
53%
US$m
1
0.6
67%
Average R/US$ exchange rate
14.63
14.12
4%
Rounding of figures may result in computational discrepancies
* A
djusted earnings before interest, taxes, depreciation and amortisation ("
Adjusted EBITDA
") may not be comparable
to similarly titled
 
measures of other companies.
 
Adjusted EBITDA is
 
not a measure
 
of performance under
 
International
Financial Reporting Standards
 
(IFRS) and
 
should be
 
considered in
 
addition to,
 
and not
 
as a
 
substitute for, other
 
measures
of financial performance and liquidity.
 
**
All-in
 
cost
 
definitions
 
based
 
on
 
the
 
guidance
 
note
 
on
 
non-GAAP
 
Metrics
 
issued
 
by
 
the
 
World
 
Gold
 
Council
 
on
27 June 2013
.
Gold production
 
increased by
 
7% from
 
the previous
 
quarter to
 
1,449kg primarily
 
due to
 
an 8%
 
increase in
yield. Gold sold increased by 5% to 1,428kg.
 
Although increases in electricity and labour
 
costs with effect from July 2021
 
resulted in higher cash operating
costs, the increase
 
in the
 
number of
 
gold units
 
produced and sold
 
resulted in a
 
5% decrease in
 
cash operating
costs
 
per
 
kilogram
 
of
 
gold
 
sold
 
to
 
R566,317/kg.
 
The
 
cash
 
operating
 
cost
 
per
 
ton
 
of
 
material
 
processed
increased by 6% to R114/t.
All-in
 
sustaining
 
costs
 
per
 
kilogram
 
and
 
all-in
 
costs
 
per
 
kilogram
 
were
 
R648,880/kg
 
and
 
R667,157/kg,
respectively, decreasing
 
quarter on quarter mainly due to a decrease in sustaining
 
capital expenditure.
Adjusted
 
EBITDA
 
increased
 
by
 
16%
 
from
 
the
 
previous
 
quarter
 
to
 
R350.8
 
million
 
primarily
 
due
 
to
 
a
 
5%
increase in gold sold and a 2% increase in the average
 
Rand gold price received.
 
Payment
 
of
 
the
 
final
 
dividend
 
declared
 
for
 
the
 
year
 
ended
 
30
 
June
 
2021
 
of
 
R345.2
 
million
 
and
 
negative
working
 
capital
 
changes
 
of
 
R173.5
 
million
 
at
 
30
 
September
 
2021
 
reduced
 
cash
 
and
 
cash
 
equivalents
 
by
R276.8 million to R1,903.2 million at 30 September 2021 (30 June 2021: 2,180 million). External borrowings
remained at Rnil as at 30 September 2021 (30 June 2021:
 
Rnil).
The cash
 
generated during
 
the current
 
quarter will,
inter alia
, be
 
applied towards
 
the Company’s
 
extended
capital expenditure
 
programme for the
 
financial year
 
ending 30 June
 
2022. Despite
 
the capital
 
expenditure
planned for the
 
financial year, the Company remains
 
in a favourable
 
position to, in
 
the absence of
 
unforeseen
events, consider declaring an interim cash dividend in or
 
around February 2022.
The
 
information
 
contained
 
in
 
this
 
announcement
 
does
 
not
 
constitute
 
an
 
earnings
 
forecast.
 
The
 
financial
information provided
 
is the responsibility
 
of the directors
 
of DRDGOLD, and
 
such information
 
has not been
reviewed or reported on by the Company’s auditors.
Johannesburg
25 October 2021
Sponsor
One Capital
DRDGold (NYSE:DRD)
Historical Stock Chart
Von Mär 2024 bis Apr 2024 Click Here for more DRDGold Charts.
DRDGold (NYSE:DRD)
Historical Stock Chart
Von Apr 2023 bis Apr 2024 Click Here for more DRDGold Charts.