Drdgold Ltd 6-K, filed May 4, 2022
Drdgold Ltd (DRD)
6-K
2022-05-04
For: 2022-05-04
View Original
Added on
April 11, 2026
About this 6-K
Drdgold Ltd filed this 6-K on May 4, 2022.
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
☑
☐
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
☐
☑
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
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