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 February 2022
Commission File Number 0-28800
______________________
DRDGOLD Limited
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park 1709
(
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 February 2022, incorporated
by reference herein:
Exhibit
 
99.1
 
Release dated
 
February 3,
 
2022, “TRADING
 
STATEMENT
 
FOR THE
 
SIX MONTHS
 
ENDED
31 DECEMBER 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: February 3, 2022
 
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
” or the “
Group
”)
TRADING STATEMENT
 
FOR THE SIX MONTHS ENDED 31 DECEMBER
 
2021
In
 
terms
 
of
 
paragraph
 
3.4(b)
 
of
 
the
 
JSE
 
Limited
 
Listings
 
Requirements,
 
companies
 
are
 
required
 
to
 
publish
 
a
trading statement
 
as soon as
 
they are satisfied,
 
with a reasonable
 
degree of certainty,
 
that the financial
 
results
for the current reporting period will differ by at least 20%
 
from the financial results of the previous corresponding
period.
DRDGOLD
 
is
 
in
 
the
 
process
 
of
 
finalising
 
its
 
results
 
for
 
the
 
six
 
months
 
ended
 
31
 
December
 
2021
 
(“
Current
Reporting Period
”) and shareholders
 
are accordingly
 
advised that the
 
Company has reasonable
 
certainty that
it will
 
report earnings
 
per share
 
(“
EPS
”) and
 
headline earnings
 
per share
 
(“
HEPS
”) of
 
between 52.5
 
cents and
63.6 cents compared
 
to EPS
 
and HEPS
 
of
111
cents for
 
the six months
 
ended 31
 
December 2020
 
(“
Previous
Corresponding Period
”), being a decrease of between 43% and 53%,
 
respectively.
The
 
expected
 
decrease
 
in
 
EPS
 
and
 
HEPS
 
for
 
the
 
Current
 
Reporting
 
Period
 
compared
 
to
 
the
 
Previous
Corresponding Period is due mainly to movements
 
in,
inter alia
, the following items:
1.
 
Revenue
 
Revenue decreased by R478.9 million, or 16%, to R2,498.5
 
million (2020: R2,977.4 million).
 
Ergo Mining
 
Proprietary Limited’s
 
(“
Ergo
”) revenue
 
decreased by
 
R464.1 million,
 
or 20%,
 
to R1,804.6
million (2020: R2,268.7
 
million), due
 
mainly to a
 
13% decrease
 
in the Rand
 
gold price received
 
as well
as a 9% decrease
 
in gold sold to
 
2,090Kg (2020: 2,296Kg).
 
Volume throughput
 
increased by 1%.
 
Yield
decreased by 9% to 0.184g/t
 
(2020: 0.202g/t) as a
 
result of the bulk
 
of the higher-grade reserves
 
in the
Knights area reaching the end of life of mine.
 
Far West Gold
 
Recoveries Proprietary Limited’s
 
(“
FWGR
”) revenue decreased by
 
R14.9 million, or 2%,
to R693.8 million
 
(2020: R708.7
 
million) despite
 
a 13%
 
increase in
 
gold sold
 
to 801Kg
 
(2020: 710Kg),
due
 
to
 
a
 
13%
 
decrease
 
in
 
the
 
Rand
 
gold
 
price
 
received.
 
Volume
 
throughput
 
remained
 
stable.
 
Yield
increased
 
by
 
11%
 
to
 
0.257g/t
 
(2020:
 
0.232g/t)
 
due
 
to
 
higher-grade
 
material
 
being
 
reclaimed
 
from
Driefontein 5 and
 
improved gold bullion
 
purities resulting from
 
the implementation
 
of the copper
 
elution
circuit.
2.
 
Cash Operating Costs
Cash operating costs increased by R161.4 million, or
 
11%, to R1,680.2
 
million (2020: R1,518.8 million).
 
At Ergo, cash operating costs increased by
 
R154.9 million, or 12%, to R1,471.8
 
million (2020: R1,316.9
million) due
 
to the 1%
 
increase in
 
volume throughput,
 
an increase
 
in the use
 
of reagents
 
as a result
 
of
the increase
 
in volume
 
throughput
 
together
 
with a
 
change
 
in the
 
minerology
 
of new
 
mining sites,
 
and
above CPI increases in steel and reagents.
 
At
 
FWGR,
 
cash
 
operating
 
costs
 
increased
 
by
 
R6.5
 
million,
 
or
 
3%,
 
to
 
R208.4
 
million
 
(2020:
 
R201.9
million).
 
3.
 
Liquidity
As at 31 December 2021, DRDGOLD’s cash and cash equivalents was R2,239.1 million (30 June 2021:
R2,180.0
 
million),
 
with
 
a
 
revolving
 
credit
 
facility
 
with
 
ABSA
 
Bank
 
Limited
 
of
 
R200
 
million,
 
available
 
if
needed. During the interim period
 
ended 31 December 2021, DRDGOLD generated
 
free cash flow (cash
inflow from
 
operating activities less
 
cash outflow
 
from investing
 
activities) of R406.9
 
million (2020:
 
R759.6
million) and paid cash dividends of
 
R345.5 million (2020: R299.1 million). The Group remains free
 
of any
bank debt as at 31 December 2021 (30 June 2021: Rnil).
The financial
 
information
 
contained
 
in this
 
announcement
 
is the
 
responsibility
 
of
 
the
 
directors
 
of DRDGOLD,
 
and
such information has not been reviewed or reported on by
 
the Company’s auditors.
The
 
condensed
 
consolidated
 
interim
 
results
 
for
 
the
 
six
 
months
 
ended
 
31
 
December
 
2021
 
are
 
expected
 
to
 
be
published on or about 16 February 2022.
Johannesburg
3 February 2022
Sponsor
One Capital
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