DRDGOLD LTD — Capital/Financing Update 2021

Aug 18, 2021

6-K 1 tradingstatement.htm 6-K EDGAR HTML document created by Certent CDM HD version: 20.11.1 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 2021

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)

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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 2021, incorporated by

reference herein:

Exhibit

99.1Release datedAugust18,2021“TRADING STATEMENT AND TRADING UPDATE FOR THE YEAR ENDED 30 JUNE 2021.”

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:August18,2021By:/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 TRADING UPDATE FOR THE YEAR ENDED 30 JUNE 2021

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 2021 (“Current Reporting Period”) and shareholders are accordingly advised that the Company has reasonable certainty that it will report earnings per share (“EPS”) and headline earnings per share (“HEPS”) of

between 160.1 cents and 176.5 cents compared to EPS and HEPS of 82.5 cents and 82.4 cents for the year ended 30 June 2020 (“Previous Corresponding Period”), respectively, being an increase of between 94% and 114%.

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 R1,084.0 million, or 26%, to R5,269.0 million (2020: R4,185.0 million).

Ergo Mining Proprietary Limited’s (“Ergo”) revenue increased by R878.7 million, or 29%, to R3,943.0

million (2020: R3,064.3 million), due mainly to a 20% increase in the Rand gold price received as well as a 7% increase in gold sold. Volume throughput increased by 13% to mitigate a 6% decrease in yield due mainly to the previously reported depletion of high -grade reserves available to the Knights plant.

Far West Gold Recoveries’ (“FWGR”) revenue increased by R205.3 million, or 18%, to R1,326.0 million (2020: R1,120.7 million) due mainly to a 18% increase in the Rand gold price received as well as a 1% increase in gold sold. Volume throughput increased by 2% as yield remained stable at 0.237g/t.

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 R446.7 million, or 17%, to R3,072.7 million (2020: R2,626.0 million).

At Ergo, cash operating costs increased by R392.5 million, or 17%, to R2,666.5 million (2020: R2,274.0 million) due to the 13% increase in volume throughput , an increase in the use of reagents and a 15% increase in the cost of power in April 2021.

At FWGR, cash operating costs increased by R54.2 million, or 15%, to R406.2 million (2020: R352.0 million) mostly as a result of increased costs associated with milling, which was not operational for the whole of the previous corresponding period.

3.Weighted average number of ordinary shares EPS and HEPS increased notwithstanding the full-year impact on the Current Reporting Period of 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. The weighted average number of ordinary shares for the Current Reporting Period increased by 11% to 855,113,791 from 769,941,874 in the Previous Corresponding Period.

4.Liquidity

As at 30 June 2021, DRDGOLD’s cash and cash equivalents was R2,180.0 million (30 June 2020: R1,715.1 million), with a revolving credit facility with ABSA Bank Limited of R200 million, available if needed. During the year ended 30 June 2021, DRDGOLD generated free cash flow (cash inflow from operating activities less cash outflow from investing activities) of R1.1 billion and paid cash dividends of R640.9 million. The Group remains free of any bank debt as at 30 June 2021 (30 June 2020: Rnil).

The 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 2021 are expected to be published on or about 25 August 2021.

Johannesburg 18 August 2021

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