operatingupdate

 
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 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 October 2020, incorporated by 
reference herein: 
 
Exhibit 
 
99.1     Release dated October 27, 
2020, “OPERATING 
UPDATE 
FOR THE QUARTER 
ENDED 30 
SEPTEMBER 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: October 27, 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
”) 
OPERATING UPDATE 
FOR THE QUARTER ENDED 30 SEPTEMBER 2020 
The operating 
update of the Company for the quarter ended 30 September 
2020 is as follows: 
Quarter ended 
Quarter ended 
30 SEP 2020 
30 JUN 2020 
% change 
Production 
Gold produced 
kg 
1,514 
1,041 
45% 
oz 
48,676 
33,469 
45% 
Gold sold 
kg 
1,522 
951 
60% 
oz 
48,934 
30,576 
60% 
Ore milled 
Metric (000't) 
7,260 
5,737 
27% 
Yield 
Metric (g/t) 
0.209 
0.181 
15% 
Price and costs 
Average gold price received 
R per kg 
1,029,893 
970,198 
6% 
US$ per oz 
1,896 
1,682 
13% 
Adjusted EBITDA * 
Rm 
770.4 
366.3 
110% 
US$m 
45.6 
18.9 
141% 
Cash operating costs 
R/t 
104 
102 
2% 
US$/t 
6 
6 
- 
Cash operating costs 
R per kg 
489,750 
542,482 
-10% 
US$ per oz 
901 
941 
-4% 
All-in sustaining costs ** 
R per kg 
588,239 
579,180 
2% 
US$ per oz 
1,083 
1,004 
8% 
All-in cost ** 
R per kg 
613,206 
597,371 
3% 
US$ per oz 
1,129 
1,036 
9% 
Capital expenditure 
Sustaining 
Rm 
95.1 
84.4 
13% 
US$m 
5.6 
4.7 
19% 
Non-sustaining/growth 
Rm 
25.3 
4.5 
462% 
US$m 
1.5 
0.3 
400% 
Average R/US$ exchange rate 
16.90 
17.94 
-6% 
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 
45% from the previous 
quarter to 1,514kg primarily 
due to a 27% 
increase in 
tonnage throughput and a 15% increase in yield. Gold 
sold increased by 60%. 
 
As a result, the 
cash operating cost 
per kilogram of gold 
sold decreased by 
10% from the 
previous quarter 
to R489,750/kg. The cash operating cost per ton of material 
processed increased by 2% to R104/t. 
 
All-in sustaining 
costs per 
kilogram and 
all-in costs 
per kilogram 
were R588,239/kg 
and R613,206/kg, 
respectively, increasing 
quarter on quarter mainly due to an increase in susta 
ining capital expenditure. 
 
Adjusted EBITDA 
increased by 
110% from 
the previous 
quarter to 
R770.4 million 
primarily due 
to a 
60% 
increase in gold sold 
and a 6% increase in the average Rand gold price 
received of R1,029,893/kg. 
 
Cash and cash equivalents 
increased by R 
300.1 million to R2,015.2 
million as at 
30 September 2020 
after 
paying the final dividend 
for the year ended 
30 June 2020 of 
R299.1 million. External 
borrowings remained 
at Rnil as at 30 September 2020 (30 June 2020: Rnil). 
 
The cash generated 
during the current 
quarter will, 
inter alia
, be applied 
towards the Company’s 
extended 
capital expenditure programme 
for the year 
ending 30 June 
2021. Despite the 
capital expenditure planned 
for the 
year, management 
positions the 
Company favourably 
to, in 
the absence 
of unforeseen 
events, 
consider declaring an interim dividend in February 2021 
. 
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 
27 October 2020 
 
Sponsor 
One Capital 