6-K
Drdgold Ltd (DRD)
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