tradingstatement

 
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 August 2020 
 
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 
South Africa, 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 August 2020, incorporated by reference herein: 
 
Exhibit 
 
99.1     Release dated 
August 2020, 
“TRADING STATEMENT 
AND FURTHER 
OPERATIONAL 
UPDATE 
FOR THE YEAR ENDED 30 JUNE 2020.”

 
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: August, 26 2020                                         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 
AND FURTHER OPERATIONAL 
UPDATE 
FOR THE YEAR ENDED 30 JUNE 2020 
TRADING STATEMENT 
 
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 year ended 
30 June 2020 
(“
Current Reporting 
Period
”) and 
shareholders are accordingly advised that the Company 
has reasonable certainty that it will report: 
●
 
earnings per 
share (“
EPS
”) of 
82.5 cents 
per share 
compared to 
earnings of 
11.8 cents 
per share 
for the 
previous 
corresponding period; and 
●
 
headline earnings per 
share (“
HEPS
”) of 82.4 
cents per share 
compared to headline 
earnings of 10.9 
cents per share 
for the previous corresponding period. 
The expected increases 
in EPS and HEPS for 
the Current Reporting Period compared to the 
previous corresponding period 
are due mainly to movements in, 
inter alia
, the following items: 
 
1.   Revenue 
Revenue increased by R1,422.9 
million, or 52%, 
to R4,185.0 million (2019: 
R2,762.1 million), as a 
result of an increase 
in 
(i) Ergo’s 
revenue by 
R486.8 million 
to R3,064.3 
million (2019: 
R2,577.5 million) 
and (ii) 
Far West 
Gold Recoveries 
(“
FWGR
”) revenue by R936.1 million to R1,120.7 million (2019: R184.6 
million). 
 
At Ergo the 33% increase 
in the Rand gold price 
received offset an 
11% decrease 
in gold sold, which was 
as a result of a 
3.0Mt decline in volume throughput to 
20.2Mt, due mainly to the COVID-19 
national lockdown in South Africa (“
Lockdown
”) 
and interruptions in power supply from Eskom and the 
City of Ekurhuleni. FWGR enjoyed its first full 
financial year of Phase 
I production, taking full advantage of the higher gold price. 
 
2.   Cash 
operating costs 
The impact of the increase in revenue on earnings and headline earnings was moderated by an increase in cash operating 
costs of R203.1 
million, or 8%, 
to R2,626.0 million 
(2019: R2,422.9 million), 
largely due to 
the inclusion of 
the additional 
cash operating costs of FWGR for the full financial year. 
The increase of 8% in cash operating costs is also reflective of the 
total volume throughput increasing by 8% with the cash 
operating costs per unit being stable at R100/t. 
 
3.   Weighted 
average number of ordinary shares 
EPS and HEPS 
increased notwithstanding the issuance 
of 168,158,944 shares to 
Sibanye Stillwater Limited at 
an aggregate 
subscription price 
of R1, 
085,590,116, on 
22 January 
2020. This 
resulted in 
the DRDGOLD 
ordinary shares 
in issue 
increasing by 24% to 864,588,711 
shares. 
 
FURTHER OPERATIONAL 
UPDATE 
 
Shareholders are referred to the 
operational update for the year 
ended 30 June 2020 published on 
SENS on 5 August 2020. 
Further information in regard to DRDGOLD’s operations 
is provided below.
Year ended 
30 Jun 2020
Year ended 
30 Jun 2019 
All amounts presented in R million unless otherwise indicated 
Rm
Rm
Revenue 
4,185.0 
2,762.1 
Cost of sales 
(2,937.9) 
(2,553.9) 
Cash operating costs 
(2,626.0) 
(2,422.9) 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Movement in gold in process 
3.1 
32.6 
Ongoing rehabilitation expenditure
(24.3) 
(18.3) 
Other operating costs including care and maintenance costs 
(41.8) 
(29.9) 
Depreciation
(270.8) 
(169.1) 
Change in estimate of environmental rehabilitation recognised 
in profit or loss 
21.9 
60.0 
Retrenchment costs
- 
(6.3) 
Gross profit from operating activities 
1,247.1 
208.2 
Other income 
0.7 
7.9 
Administration expenses and other costs 
(309.9) 
(90.9) 
Administration expenses and other costs excluding share-based 
payment expense 
(85.8) 
(69.5) 
Share-based payment expense 
(224.1) 
(21.4) 
Results from operating activities 
937.9 
125.2 
Finance income 
109.8 
58.3 
Finance expense 
(68.8) 
(78.4) 
Profit before tax 
978.9 
105.1 
Income tax
(343.9) 
(26.6) 
Profit for the year 
635.0 
78.5 
OPERATIONAL PERFORMANCE
Ore milled 
(000’t) 
26,280 
24,439 
Yield 
(g/t) 
0.206 
0.197 
Gold produced 
(kg) 
5,424 
4,826 
Gold sold
 
(kg) 
5,437 
4,783 
Cash operating costs 
(R/t) 
100 
99 
Cash operating costs 
(US$/t) 
6 
7 
Cash operating costs 
(R/kg) 
482,417 
499,749 
Cash operating costs 
(US$/oz
) 
958 
1,096 
All-in sustaining costs* 
(R/kg) 
541,475 
524,713 
All-in sustaining costs* 
(US$/oz
) 
1,075 
1,151 
All-in cost* 
(R/kg) 
551,646 
600,941 
All-in cost* 
(US$/oz
) 
1,131 
1,361 
Sustaining capital expenditure 
(164.2) 
(22.5) 
Non-sustaining capital expenditure 
(18.5) 
(331.2) 
Reconciliation of adjusted EBITDA 
Profit for the year 
635.0 
78.5 
Income tax 
343.9 
26.6 
Profit before tax 
978.9 
105.1 
Finance expense 
68.8 
78.4 
Finance income 
(109.8) 
(58.3) 
Results from operating activities 
937.9 
125.2 
Depreciation 
270.8 
169.1 
Share-based payment expense 
224.1 
21.4 
Change in estimate of environmental rehabilitation recognised 
in profit or loss 
(21.9) 
(60.0) 
Gain on financial instruments 
- 
(2.1) 
Gain on disposal of property, plant and equipment 
(0.7) 
(5.8) 
Retrenchment costs
- 
6.3 
Transaction costs 
1.4 
- 
Adjusted EBITDA ** 
1,411.6 
254.1 
Rounding of figures may result in computational discrepancies 
* All-in cost definitions based on the guidance note on non-GAAP 
Metrics issued by the World Gold Council on 27 June 2013 
** Adjusted 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 

4.   COVID-19 
The Group temporarily halted its operations on 26 March 
2020 pursuant to the announcement of the Lockdown. 
The regulations 
pertaining to 
the Disaster 
Management Act, 
No. 57 
of 2002, 
issued by 
the Department 
of Co-operative 
Governance and 
Traditional Affairs 
define gold 
mining and 
refining as 
an essential 
service and 
therefore exempt 
from 
restrictions imposed by the Lockdown. 
Despite this 
exemption, and 
in consultation 
with the 
Department of 
Mineral Resources 
and Energy 
and organised 
labour, 
DRDGOLD only recommenced production 
at its operations once it 
was satisfied that the appropriate 
measures and protocols, 
to limit the risk of infection to staff and others, 
were fully implemented and operational, as further detailed 
below: 
●
 
FWGR, with a relatively small footprint and with staff 
living close by, was 
able to restart operations on 4 April 2020; and 
●
 
Ergo restarted operations on 
9 April 2020, with 
reclamation from a limited 
number of sites continuing 
through to the end 
of 
June. Ergo’s Knights plant only restarted operations 
on 7 May 2020. 
Due to both operations 
being able to 
resume production relatively 
soon after the 
commencement of the 
Lockdown period on 
26 March 2020, 
DRDGOLD was able 
to continue to 
pay salaries and 
wages on the 
understanding with DRDGOLD 
staff that 
everyone was on duty and 
on ‘standby at home’. During 
the initial restart of operations 
, 
all returning staff were 
volunteers and 
had been cleared as medically fit to work. 
DRDGOLD’s staff showed unreserved support for the hygiene, 
social distancing and team and shift de-densification measures 
implemented. The 
Group’s infection 
rate has 
been low, 
and the 50-bed 
quarantine facility 
which was 
established at 
Ergo is 
presently vacant. 
To 
assist in 
bringing urgent 
relief to 
people most 
impacted by 
the COVID 
-19 pandemic 
, 
DRDGOLD’s staff 
contributed R1.6 
million through 
salary sacrifices 
to the nationwide 
Solidarity Fund. 
DRDGOLD further 
funded and 
participated in 
an initiative 
with Impophomo 
Rushing Waters 
and DRDGOLD’s 
social development 
partner, Umsizi 
Sustainable Social 
Solutions, to 
distribute approximately 5,420 food-parcels to families in distressed 
communities neighbouring DRDGOLD’s 
operations. 
Management continues to 
manage the COVID 
-19 pandemic risk 
with no relaxation 
of any of 
its initial contai 
nment measures 
and protocols and through ongoing communication with 
and motivation of staff. 
5.   Liquidity 
As at 
30 June 
2020, DRDGOLD 
’s cash 
and cash 
equivalents was 
R1,715.1 million 
(30 June 
2019: R279.5 
million), 
with a 
revolving credit facility with ABSA Bank 
Limited of R175 million, available 
if needed. The Group remains 
free of any bank debt 
as at 30 June 2020 (30 June 2019: Rnil). 
Liquidity is further enhanced by current high Rand gold 
price levels. 
The forecast 
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 reviewed provisional results for the year ended 
30 June 2020 are expected to be published on or 
about 1 September 2020. 
 
Johannesburg 
26 August 2020 
 
 
 
Sponsor 
One Capital 