Filed: 18 Aug 21, 10:04am
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF A FOREIGN PRIVATEISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For August 2021
Commission File Number 0-28800
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
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.
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.
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
TRADING STATEMENTAND TRADING UPDATE
FOR THE YEAR ENDED 30 JUNE 2021.”
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.
hief Financial Officer
(Incorporated in the Republic of South Africa)
(Registration number: 1895/000926/06)
JSE share code: DRD
NYSE trading symbol: DRD
” or the “
” or the “
TRADING STATEMENTAND TRADING UPDATEFOR THE YEAR ENDED 30 JUNE 2021
publish atrading statementas soonas theyare satisfied,with areasonable degreeof certainty,that
the financial resultsfor the current reportingperiod will differby at least 20%from the financialresults
of the previous corresponding period.
between 160.1 cents and 176.5 centscompared to EPS and HEPS of82.5 cents and 82.4 centsfor the
between 94% and 114%.
The expected increasesin EPS and HEPS for the Current ReportingPeriod compared to the Previous
Corresponding Period are due mainly to movements in,
, the following items:
Revenue increased by R1,084.0 million, or 26%, to R5,269.0million (2020: R4,185.0 million).
Ergo MiningProprietary Limited’s(“
”) revenueincreased byR878.7 million,or 29%, toR3,943.0
million (2020: R3,064.3 million),due mainly to a20% increase in theRand gold price receivedas well
as a 7% increase in gold sold. Volume throughput increasedby 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’ (“
”) revenue increased byR205.3 million, or 18%, toR1,326.0 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. Volumethroughput increasedby 2% as yield remained stable at 0.237g/t.
Cash operating costs
increase in cash operatingcosts of R446.7million, or 17%, toR3,072.7 million (2020: R2,626.0million).
At Ergo, cash operatingcosts increased by R392.5 million, or17%, to R2,666.5 million (2020:R2,274.0
million) due tothe 13% increasein volume throughput,an increase inthe use ofreagents anda 15%
increase in the cost of power in April 2021.
At FWGR,cash operatingcosts increasedby R54.2million, or15%, toR406.2 million(2020: R352.0
million) mostly as a result ofincreased costs associated with milling,which was not operational forthe
whole of the previous corresponding period.
Weighted average number of ordinary shares
EPS and HEPSincreased notwithstandingthe full-year impacton the CurrentReporting Period ofthe
R1,085,590,116 on 22 January 2020. The weighted average number of ordinary shares for the Current
Reporting Periodincreased by11%to 855,113,791from 769,941,874in thePrevious Corresponding
As at30 June2021, DRDGOLD’s cashand cash equivalentswas R2,180.0 million(30 June2020: R1,715.1
million), with a revolving credit facility with ABSABank Limited of R200 million, available ifneeded. During
the year ended30 June2021, DRDGOLDgenerated free cashflow (cash inflowfrom operatingactivities
less cashoutflow frominvesting activities)of R1.1billion andpaid cashdividends ofR640.9 million.The
Group remains free of any bank debt as at 30 June 2021 (30 June2020: Rnil).
The financial informationcontained in thisannouncement is theresponsibility of thedirectors ofDRDGOLD,
and such information has not been reviewed or reportedon by the Company’s auditors.
The condensedconsolidated reviewedprovisional resultsfor theyear ended30 June2021 areexpected
to be published on or about 25 August 2021.
18 August 2021