6-K - DRD - Equibles

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 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-

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

☐

☑

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 2022, incorporated

by reference herein:

Exhibit

99.1

Release dated October 19,

2022, “OPERATING

UPDATE

FOR THE QUARTER

ENDED 30

SEPTEMBER 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: October 19, 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 30 SEPTEMBER

2022

The operating update of the Company

for the quarter ended 30

September 2022 is as follows:

Quarter ended

30 SEP 2022

30 JUN 2022

change

Production

Gold produced

1,453

1,443

46,715

46,393

Gold sold

1,442

1,446

46,362

46,490

Ore milled

Metric (000't)

7,157

7,064

Yield

Metric (g/t)

0.203

0.204

Price and costs

Average gold price received

R per kg

945,983

937,509

US$ per oz

1,727

1,871

-8%

Adjusted EBITDA *

386.4

477.3

-19%

US$m

22.7

30.6

-26%

Cash operating costs

R/t

133.0

US$/t

-11%

Cash operating costs

R per kg

658,530

645,782

US$ per oz

1,202

1,289

-7%

All-in sustaining costs **

R per kg

755,201

875,782

-14%

US$ per oz

1,378

1,748

-21%

All-in costs **

R per kg

796,255

871,162

-9%

US$ per oz

1,453

1,739

-16%

Capital expenditure

Sustaining

101.2

314.8

-68%

US$m

5.9

20.2

-71%

Non-sustaining/growth

53.6

16.8

219%

US$m

3.1

1.1

182%

Average R/US$ exchange rate

17.04

15.58

Rounding of figures may result

in computational discrepancies

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

1% from

the previous

quarter to

1,453kg primarily

due to

a 1%

increase in

tonnage throughput despite yield

being 0.001g/t lower at 0.203g/t.

Gold sold decreased by 4kg to

1,442kg.

As a

result of the above,

the cash operating costs

per kilogram of gold

sold increased marginally from the

quarter to R658,530/kg. The cash operating costs per tonne of material remained stable from the

quarter at R133/t.

All-in

sustaining

costs

per

kilogram

and

all-in

costs

per

kilogram

were

R755,201/kg

and

R796,255/kg,

respectively,

decreasing quarter

on quarter

mainly due

a decrease

in sustaining

capital expenditure

comparison to the previous quarter.

Adjusted

EBITDA

decreased

19%

from

the

quarter

R386.4

million

primarily

due

insurance claim of R84.7 million

recognised in the previous quarter.

Cash and cash equivalents decreased by

R280.5 million to R2,245.1 million as at

30 September 2022 (30

June 2022:

R2,525.6 million)

after paying

the final

cash dividend

of R342.5

million for

the year

ended 30

June 2022.

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

2023.

Despite the capital expenditure

planned for the current

financial year, the Company remains in a

favourable

position to, in the

absence of unforeseen events, consider declaring an interim

cash dividend in or

around

February 2023.

The

information contained

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.

Johannesb

urg 19

October

2022

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or One

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