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 May 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 May 2022, incorporated
by reference herein:
Exhibit
 
99.1
 
Release
 
dated
 
May
 
04,
 
2022,
 
“OPERATING
 
UPDATE
 
FOR
 
THE
 
QUARTER
 
ENDED
 
31
MARCH 2022”
 
 
 
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: May 04, 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
”)
OPERATING UPDATE
 
FOR THE QUARTER ENDED 31 MARCH 2022
The operating update of the Company for the quarter
 
ended 31 March 2022 is as follows:
Quarter
Quarter
31 MAR 2022
31 DEC 2021
% Change
Production
Gold produced
kg
1,391
1,437
(3%)
oz
44,722
46,201
(3%)
Gold sold
kg
1,377
1,463
(6%)
oz
44,272
47,037
(6%)
Ore milled
Metric (000't)
 
6,659
7,045
(5%)
Yield
Metric (g/t)
0.209
0.204
2%
Price and costs
Average gold price received
R per kg
914,864
885,681
3%
US$ per oz
1,871
1,785
5%
Adjusted EBITDA *
Rm
367.3
380.0
(3%)
US$m
24.1
24.6
(2%)
Cash operating costs
R/t
127
118
8%
US$/t
8.3
7.6
9%
Cash operating costs
R per kg
605,011
586,330
3%
US$ per oz
1,237
1,182
5%
All-in sustaining costs **
R per kg
677,996
681,887
(1%)
US$ per oz
1,387
1,375
(1%)
All-in costs **
R per kg
735,948
709,706
4%
US$ per oz
1,505
1,431
5%
Capital expenditure
Sustaining
Rm
36.6
70.2
(48%)
US$m
2.4
4.5
(47%)
Non-sustaining/growth
Rm
67.0
23.6
184%
US$m
4.4
1.5
193%
Average R/US$ exchange rate
15.21
15.43
(1%)
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
 
decreased by 3%
 
from the
 
previous quarter to
 
1,391kg primarily due
 
to a
 
5% decrease in
 
tonnage
throughput,
 
despite a 2% increase in yield. Gold sold decreased
 
by 6% to 1,377kg.
 
As a result of
 
the above, the
 
cash operating costs
 
per kilogram of
 
gold sold increased
 
by 3% from
 
the previous
quarter to R605,011/kg.
 
The cash operating costs per ton of material processed
 
increased by 8% to R127/t.
All-in sustaining costs per kilogram was R677,996/kg,
 
decreasing quarter on quarter mainly due to a decrease in
sustaining capital expenditure
 
.
 
All-in costs per
 
kilogram was R735,948/kg,
 
increasing quarter
 
on quarter mainly
due to increased
 
non-sustaining capital expenditure.
Adjusted EBITDA decreased by
 
3% from the previous
 
quarter to R367.3 million
 
primarily due to a
 
6% decrease
in gold sold,
 
which was in part offset by a 3% increase
 
in the average Rand gold price received to R914,864/kg
 
.
Cash
 
and
 
cash
 
equivalents
 
increased
 
by
 
R70.4
 
million
 
to
 
R2,309.5
 
million
 
as
 
at
 
31
 
March
 
2022
(31 December 2021: R2,239.1 million) after paying the interim cash dividend of R167.8 million for the
 
six months
ended 31 December 2021.
 
External borrowings remained at
 
Rnil as at 31
 
March 2022 (31 December 2021: Rnil).
The Company
 
remains
 
in a
 
favourable
 
position to,
 
in the
 
absence of
 
unforeseen
 
events, consider
 
declaring a
final cash dividend in or around August 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
4 May 2022
Sponsor
One Capital
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