Page 1

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 February 2010

Commission File Number 0-28800

______________________

DRDGOLD Limited

EBSCO House 4

299 Pendoring Avenue

Blackheath

Randburg, South Africa, 2195

(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

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 February 2010, incorporated
by reference herein:

Exhibit

99.1 Release dated February 11, 2010, entitled “REPORT TO SHAREHOLDERS FOR THE
QUARTER AND SIX MONTHS ENDED 31 DECEMBER 2009“.

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: February15, 2010 By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

Report to shareholders for the quarter and six months ended 31 December 2009

(Incorporated in the Republic of South Africa) • Registration No.1895/000926/06 • JSE share code: DRD

• ISIN: ZAE 000058723 Issuer code:DUSM • NASDAQ trading symbol:DROOY ("DRDGOLD" or "the company")

KEY FEATURES FOR THE QUARTER

Gold production up 4%
Cash operating unit cost in Rands down 8%
Operating profit of R87.4 million
DRDGOLD agrees to sell 60% of Blyvoor

GROUP RESULTS

REVIEW OF OPERATIONS

Quarter

6 months to

Group

Dec 2009

Sep 2009

Change

Dec 2008

31 Dec 2009

30 June 2009

31 Dec 2008

Gold production

59 866

57 292

60 057

117 158

116 772

130 918

1 862

1 782

1 868

3 644

3 632

4 072

Gold production sold

59 866

59 864

–

60 057

119 730

114 231

130 918

1 862

–

1 868

3 724

3 553

4 072

Cash operating costs

US$ per oz

925

968

654

946

753

709

ZAR per kg

223 653

243 684

217 839

233 448

223 458

202 212

Gold price received

US$ per oz

1 106

950

769

1 028

908

821

ZAR per kg

268 302

239 098

255 213

253 700

269 429

234 150

Capital expenditure

US$ million

4.2

8.2

9.2

12.4

20.1

18.3

ZAR million

30.9

64.2

91.8

95.1

183.1

162.0

STOCK

Issued capital
380 985 641 ordinary no par value shares
5 000 000 cumulative preference shares
Total ordinary no par value shares issued and committed:
401 410 154

Stock traded

JSE

NASDAQ*

Average volume for the quarter per day ('000)

1 022

2 924

% of issued stock traded (annualised)

200

Price

• High

R5.79

$0.805

• Low

R3.47

$0.445

• Close

R5.01

$0.684

* This data represents per share data and not ADS data - one ADS reflects ten ordinary shares

DRDGOLD LIMITED Shareholder Report 2009

Overview

Dear shareholder

Safety, health and environment

Crown Gold Recoveries (Pty) Limited (“Crown”) recorded a fatal accident during the quarter under review. Mr T.I
Ndlangamandla, a fitter, was killed while performing routine maintenance at the Knights Plant. Blyvooruitzicht Gold
Mining Company Limited (“Blyvoor”) completed a full calendar year of operations without a fatality but shortly before
the release of this report, on 3 February 2010, Mr R.M. Manhica died in a conveyance incident. We extend our deepest
condolences to their families, colleagues and friends.

With respect to other safety parameters, Group performance was once again mixed, pointing to a need for continuing
safety focus. Crown reported regressions in its Dressing Station Injury Frequency Rate (“DSIFR”), its Lost Time Injury
Frequency Rate (“LTIFR”) and its Reportable Injury Frequency Rate (“RIFR”). While Blyvoor’s LTIFR and RIFR improved, its
DSIFR deteriorated markedly. East Rand Proprietary Mines Limited (“ERPM”) recorded no lost time injuries or reportable
injuries, and its DSIFR improved by 82%.

At Blyvoor, intensive safety cross-audits by mine overseers are yielding good results and ‘hot spot’ visits by representatives
of management and unions are continuing. Hazard assessment audits are a focus at Crown and ERPM. Work on the
Group-wide behaviour-based safety initiative, briefly suspended during the Section 189A process at Blyvoor, has been
resumed, and a number of mini safety campaigns are running concurrently across all of the operations.

All drilling machines have now been muffled and all fans silenced at Blyvoor. Installation of wet scrubbers at tips will begin
on completion of the necessary research.

A total of R9.2 million was spent by the Group on environmental management and rehabilitation during the quarter.

Production

Total gold production was 4% higher in the quarter at 59 866oz, reflecting continued production build-up at ErgoGold
and higher production from Crown and the Blyvoor surface operation. Total surface gold production rose by 12% to
43 501oz, 73% of the quarter’s total gold production, while underground gold production declined by 11% to 16 365oz.

Financial

Total revenue for the quarter rose by 12% to R499.6 million, a consequence of improved gold production and a
12% increase in the average Rand gold price received to R268 302/kg. After accounting for total cash operating
costs – 4% lower at R416.5 million, operating profit was R87.4 million compared with the previous quarter’s R4.2 million
loss. Net profit was R6.4 million compared with the previous quarter’s net loss of R63.3 million.

Blyvoor judicial management

We decided to place Blyvoor under judicial management, because of a combination of lower grades caused by seismic
events knocking out a number of high grade panels and the effect of the lower gold price on Blyvoor’s profitability. An
improvement in yield and the R80 million facility set up by Aurora Empowerment Systems (Pty) Limited (“Aurora”)
(referred to below) may enable us to lift Blyvoor from judicial management.

Forward looking statements

Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in
general economic conditions in the markets we serve, a drop in the gold price, a sustained strengthening of the Rand against the Dollar, regulatory
developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD's
competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates
and various other factors.

These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended
30 June 2009, which we filed with the United States Securities and Exchange Commission on 27 November 2009 on Form 20-F. You should not
place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly
update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of
unanticipated events.

DRDGOLD LIMITED Shareholder Report 2009

Detailed operational review

Blyvoor

Surface gold production for the quarter rose by 15% to 8 681oz but underground gold production was 11% lower at
16 365oz, resulting in a 4% drop in total gold production to 25 046oz.

Lower underground production was a consequence both of a 6% drop in underground throughput to 137 000t and
a 6% drop in underground average yield to 3.72g/t. Lower throughput reflects the continued impact of the wage strike
and of the Section 189A restructuring process into October 2009. Yield continued to be lower as the underground
operations still recover from the seismic damage incurred in June 2009.

Surface throughput was 13% lower at 702 000t, reflecting the continued impact of suspended uneconomic rock
dump recovery, electrical storms in October and November causing disruption to slimes recovery and to suspension of
the reef-picking project during the strike. The average surface yield, however, was 31% higher at 0.38g/t due mainly to
increased recovery of higher-grade material from the lower portions of the slimes dams.

Total cash operating costs were 13% lower at R197.1 million and total cash operating unit costs 10% lower at
R253 078/kg. This was mainly as a consequence of the lower summer-month power tariff applicable and of lower
employment costs incurred following restructuring. While underground cash operating unit costs were only slightly lower
at R344 990/kg, surface cash operating unit costs were 36% down at R79 807/kg. A cash operating profit of R12.6 million
was recorded compared with the previous quarter’s R34.8 million loss, a consequence of lower costs and a higher average
Rand gold price received.

Capital expenditure was 30% lower at R17.5 million. This was due both to there being no opening up and development
during the strike and to strict management of costs as part of the judicial management process.

Mining at the Way Ahead Project (“WAP”) continued to average 1 400m

per month and is on track to reach the targeted

2 500m

per month by the end of the June 2010 quarter.

Crown

Gold production rose by 2% to 19 451oz, a 5% increase in the average yield to 0.43g/t compensating for a 3% decline
in throughput to 1 393 000t. The higher yield resulted from the continuing clean-up of various tailings footprints, while
the lower throughput was mainly the consequence of necessary plant maintenance in the aftermath of the wage strike.

Total cash operating costs were 5% higher at R123.1 million and cash operating unit costs 3% higher at R203 519/kg.
This was due mainly to the 8% wage increase effective from 1 October 2009. Cash operating profit was 23% higher
at R38.6 million due to higher gold production and a higher Rand gold price received.

Capital expenditure was 32% lower at R3.4 million, reflecting completion of the latest cycle of tailings deposition
site maintenance.

ERPM

Gold production was 16% lower at 5 916oz due to a 21% decline in throughput, the effect of which was not offset by
a 7% increase in the average yield to 0.48g/t resulting from the continued advance of the recovery process into the
higher-grade northern part of the Cason Dump.

While total cash operating costs were 11% lower at R30.5 million, cash operating unit costs rose by 5% to R165 957/kg
due mainly to lower gold production. Cash operating profit was 26% lower at R18.6 million, also due to lower gold production.

ErgoGold

Gold production rose by more than 80% to 9 453oz, reflecting a 34% build up in throughput to 3 124 000t and
a 29% improvement in the average yield to 0.09g/t.

Total cash operating costs rose by 20% to R65.6 million but cash operating unit costs were 33% lower at
R223 224/kg, reflecting the increase in gold production. A cash operating profit of R13.3 million was recorded compared
with the previous quarter’s R10.6 million loss, a consequence of higher gold production, lower costs and a higher Rand
gold price received.

Capital expenditure was 70% lower at R10.1 million as construction of Phase 1 infrastructure approaches completion.

DRDGOLD LIMITED Shareholder Report 2009

The pilot plant constructed to help determine the optimal blend of material from the Elsburg Tailings Complex (“ETC”)
and the L29 dump performed well during the quarter. Analysis of the pilot plant’s performance, together with additional
flexibility resulting from additional booster pumps on the first ETC line and the commissioning of the second
ETC line by the end of the March 2010 quarter, is expected to accelerate progress towards Phase 1’s targeted steady
state of 1.2Mt a month with a head grade of 0.32g/t. Improved yield should result as a consequence of an increase in
volumes from Elsburg.

Exploration and prospecting

Blyvoor

Underground diamond drilling totalled 603.1m, with prospect holes drilled at 41-18, 33-m32, 38-21 and 15-56.
Cover holes were drilled at 38-27, 38-21 and 41-18. The prospect hole at 33-m32 intersected Main Reef and assayed
at 784cmg/t. The other prospect holes are ongoing. Reconnaissance visits were made to the Carbon Leader areas at
No 5 Shaft. Normal stope face sampling and geological mapping is ongoing.

Crown and Ergo

The Top Star boundary with Park Central township was drilled for the planning of the embankments and also to
understand the extent of the slime that will form part of the embankments along the top road. All other drilling was
directed at short- and medium-term grade control.

Corporate activity

It has been a busy quarter in terms of corporate activity, our primary objectives being to ease Blyvoor’s immediate
financial stress and to strengthen our balance sheet so we can continue to advance our strategic shift towards recovery
of gold from lower-risk, lower-cost, higher-margin surface retreatment and to contemplate cautious, well-considered
growth when the time and opportunities are right.

As previously reported, we reached agreement with Aurora Empowerment Systems (Pty) Limited (“Aurora”) for Aurora to
acquire 60% of Blyvoor for R296 million, and to provide an R80 million loan facility to Blyvoor.

Agreement was also reached for Aurora to acquire the ERPM plant for R20 million. Aurora has paid R5 million toward the
purchase consideration and will allow DRDGOLD to conduct a feasibility study on the extensive Grootvlei and Marievale
tailings dams near Ergo, after which DRDGOLD may elect to either receive the balance of the purchase price in cash or
establish a 10 year exclusive option to treat the aforementioned tailings dams.

Also, agreement was reached with Mintails for the DRDGOLD Group to acquire Mintails’ 50% in Ergo Mining (Pty) Limited
(“the Ergo Joint Venture”) for R82 million, giving us full access to Ergo’s Brakpan plant and thus capacity to double
throughput for gold recovery, as well as full exposure to future uranium and sulphuric acid potential.

Looking ahead

The Rand’s strong trending continued during the quarter and is showing little sign of softening against the major currencies.
For the near term, our focus will therefore remain much of the same - reducing our risk exposure, controlling costs and
managing margins.

A primary focus will be Ergo: commissioning the second feeder line from ETC and continuing our push for steady state
at the Brakpan plant; and now, with the acquisition of the balance of the Ergo Joint Venture, developing the synergies
between Crown and Ergo. We will also continue to contribute towards stabilising Blyvoor’s underground operation, while
retaining an option on its attractive surface retreatment potential.

With an eye to future growth, we are looking to make an initial, modest investment to establish – in collaboration with
a local partner – a prospecting project in Zimbabwe’s considerable greenstone gold mining belt. We will keep shareholders
informed of our first, cautious steps in this regard.

Niël Pretorius
Chief Executive Officer
11 February 2010

DRDGOLD LIMITED Shareholder Report 2009

STATEMENT OF COMPREHENSIVE INCOME

Quarter

6 months to

Dec 2009

Sep 2009

Dec 2008

31 Dec 2009

30 Jun 2009

31 Dec 2008

Unaudited

Unaudited

Unaudited

Unaudited

Gold and silver revenue

499.6

445.2

476.8

944.8

957.2

953.5

Net operating costs

(412.2)

(449.4)

(382.5)

(861.6)

(826.0)

(802.0)

Cash operating costs

(416.5)

(434.2)

(406.9)

(850.7)

(811.6)

(823.4)

Movement in gold in process

4.3

(15.2)

24.4

(10.9)

(14.4)

21.4

Operating profit/(loss)

87.4

(4.2)

94.3

83.2

131.2

151.5

Depreciation

(45.2)

(42.7)

(17.1)

(87.9)

(65.1)

(34.1)

Movement in provision for environmental rehabilitation

0.1

(8.4)

(9.0)

(8.3)

1.6

(21.1)

Retrenchment costs

(18.1)

(1.2)

(34.4)

(19.3)

0.4 (35.3)

Gross profit/(loss) from operating activities

24.2

(56.5)

33.8

(32.3)

68.1

61.0

Impairments

–

(4.8)

–

(22.7)

(52.4)

Administration expenses and general costs

(24.2)

(46.3)

(35.5)

(70.5)

(93.9)

(44.4)

Share-based payments

(1.6)

(0.7)

(3.1)

(2.3)

(3.7)

(4.2)

Financial liabilities measured at amortised cost

–

39.8

–

(3.1)

47.1

Recognition of goodwill on purchase of subsidiary

–

53.0

–

Profit/(loss) on sale of assets and investments

0.5

1.2

10.2

1.7

(0.3)

8.6

Finance income

6.1

8.4

25.7

14.5

23.9

58.6

Finance expenses and unwinding of provisions

(4.9)

(3.1)

(8.0)

(7.5)

(5.8)

Profit/(loss) before taxation

0.1

(97.0)

63.0

(96.9)

13.8

68.5

Income tax

(7.7)

(6.8)

(8.6)

(14.5)

(22.0)

(24.2)

Deferred tax

14.0

40.5

(21.0)

54.5

94.3

(19.7)

Net profit/(loss) for the period

6.4

(63.3)

33.4

(56.9)

86.1

24.6

Attributable to:

Equity owners of the parent

5.4

(48.4)

54.7

(43.0)

71.3

57.8

Non-controlling interest

1.0

(14.9)

(21.3)

(13.9)

14.8

(33.2)

6.4

(63.3)

33.4

(56.9)

86.1

24.6

Other comprehensive income

Foreign exchange translation

0.1

0.2

7.8

0.3

11.1

(11.7)

Purchase of subsidiaries and other

–

192.9

–

Mark-to-market of available-for-sale investments

–

(1.1)

–

Total comprehensive income/(loss) for the period

6.5

(63.1)

41.2

(56.6)

289.0

12.9

Attributable to:

Equity owners of the parent

5.5

(48.2)

62.5

(42.7)

214.5

46.1

Non-controlling interest

1.0

(14.9)

(21.3)

(13.9)

74.5

(33.2)

6.5

(63.1)

41.2

(56.6)

289.0

12.9

Reconciliation of headline profit/(loss)

Net profit/(loss)

5.4

(48.4)

54.7

(43.0)

71.3

57.8

Adjusted for:

- Impairments

–

4.8

–

22.7

52.4

- Goodwill on purchase of subsidiary

–

(53.0)

–

- (Profit)/loss on sale of assets and investments

(0.5)

(1.2)

(9.8)

(1.7)

0.3

(8.6)

- Non-controlling share of headline earnings adjustment

0.5

–

1.4

0.5

(4.5)

(11.0)

Headline profit/(loss)

5.4

(49.6)

51.1

(44.2)

36.8

90.6

Headline earnings/(loss) per share-cents

1.4

(13.1)

13.6

(11.7)

9.8

24.1

Basic earnings/(loss) per share-cents

1.4

(12.8)

14.5

(11.3)

18.9

15.3

Diluted headline earnings/(loss) per share-cents

1.4

(13.1)

13.6

(11.7)

9.8

24.1

Diluted basic earnings/(loss) per share-cents

1.4

(12.8)

14.5

(11.3)

18.9

15.3

Calculated on the weighted average ordinary shares

issued of:

380 448 068

378 020 712

376 598 733

379 234 390

376 990 295

376 586 057

The condensed consolidated financial statements below have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and the
requirements of IAS 34, which is consistent with the accounting policies used in the audited annual financial statements for the year ended 30 June 2009.

DRDGOLD LIMITED Shareholder Report 2009

STATEMENT OF FINANCIAL POSITION

As at

31 Dec 2009

30 Sep 2009

30 Jun 2009

31 Dec 2008

Unaudited

Audited

Assets
Property, plant and equipment

1 744.7

1 759.1

1 737.5

891.2

Non-current investments and other assets

43.0

64.8

Environmental rehabilitation trust funds

138.2

134.2

129.7

120.7

Deferred tax asset

200.5

184.9

165.1

61.8

Current assets

401.9

458.8

550.5

944.9

Inventories

98.4

90.1

93.9

97.4

Trade and other receivables

125.7

119.4

88.0

223.5

Cash and cash equivalents

162.8

234.3

353.6

609.0

Assets classified as held for sale

15.0

Total assets

2 528.3

2 580.0

2 625.8

2 083.4

Equity and liabilities
Equity

1 525.9

1 502.5

1 584.0

1 285.4

Equity of the owners of the parent

1 437.3

1 414.9

1 481.5

1 257.4

Non-controlling interest

88.6

87.6

102.5

28.0

Long-term liabilities

65.1

93.8

Post-retirement and other employee benefits

46.3

45.0

43.6

24.1

Provision for environmental rehabilitation

426.5

423.4

412.5

405.7

Deferred tax liability

175.5

173.7

194.6

–

Current liabilities

289.0

370.3

326.0

274.4

Trade and other payables

289.0

322.3

323.9

262.2

Short-term liabilities

–

48.0

2.1

12.2

Total equity and liabilities

2 528.3

2 580.0

2 625.8

2 083.4

STATEMENT OF CHANGES IN EQUITY

Quarter

6 months to

Dec 2009

Sep 2009

Dec 2008

31 Dec 2009

30 Jun 2009

31 Dec 2008

Unaudited

Balance at the beginning of the period

1 502.5

1 584.0

1 240.7

1 584.0

1 285.4

1 305.5

Share capital issued

15.3

(0.1)

0.4

15.2

5.9

0.4

- for acquisition finance and cash

15.5

–

15.5

–

- for share options exercised

0.5

0.4

0.9

6.3

0.4

- for costs

(0.7)

(0.5)

–

(1.2)

(0.4)

–

Increase in share-based payment reserve

1.6

0.7

3.1

2.3

3.7

4.2

Net profit/(loss) attributed to owners of the parent

5.4

(48.4)

54.7

(43.0)

71.3

57.8

Net profit/(loss) attributed to non-controlling interest

1.0

(14.9)

(21.3)

(13.9)

14.8

(33.2)

Dividends declared

–

(19.0)

–

(19.0)

–

(37.6)

Increase in non-controlling interest

–

59.7

–

Other comprehensive income

0.1

0.2

7.8

0.3

143.2

(11.7)

Balance as at the end of the period

1 525.9

1 502.5

1 285.4

1 525.9

1 584.0

1 285.4

STATEMENT OF CASH FLOWS

Quarter

6 months to

Dec 2009

Sep 2009

Dec 2008

31 Dec 2009

30 Jun 2009

31 Dec 2008

Unaudited

Net cash (out)/inflow from operations

(7.2)

(101.6)

29.5

(108.8)

153.6

54.8

Net cash (out)/inflow from investing activities

(30.9)

(64.2)

(81.6)

(95.1)

(465.3)

(128.0)

Net cash (out)/inflow from financing activities

(33.0)

45.9

(149.5)

12.9

66.3

(152.1)

Decrease in cash and cash equivalents

(71.1)

(119.9)

(201.6)

(191.0)

(245.4)

(225.3)

Translation adjustment

(0.4)

0.6

1.6

0.2

(10.0)

(11.8)

Opening cash and cash equivalents

234.3

353.6

809.0

353.6

609.0

846.1

Closing cash and cash equivalents

162.8

234.3

609.0

162.8

353.6

609.0

Reconciliation of net cash (out)/inflow from operations
Profit/(loss) before taxation

0.1

(97.0)

63.0

(96.9)

13.8

68.5

Adjusted for:

Movement in gold in process

(4.3)

15.2

(24.4)

10.9

14.4

(21.4)

Depreciation and impairment

45.2

42.7

21.9

87.9

87.8

86.5

Movement in provision for environmental rehabilitation

(0.1)

8.4

9.0

8.3

(1.6)

21.1

Share-based payments

1.6

0.7

3.1

2.3

3.7

4.2

DRDGOLD LIMITED Shareholder Report 2009

STATEMENT OF CASH FLOWS (CONTINUED)

Quarter

6 months to

Dec 2009

Sep 2009

Dec 2008

31 Dec 2009

30 Jun 2009

31 Dec 2008

Unaudited

Adjusted for:

(Profit)/loss on derivative financial instruments

–

(39.8)

–

3.1

(47.1)

(Profit)/loss on sale of assets and investments

(0.5)

(1.2)

(10.2)

(1.7)

0.3

(8.6)

Recognition of goodwill on purchase of subsidiary

–

(53.0)

–

Finance expense and unwinding of provisions

3.1

2.5

(1.8)

5.6

6.4

(3.4)

Growth in Environmental Trust Funds

(2.3)

(2.4)

(3.3)

(4.7)

(6.1)

(6.8)

Other non-cash items

0.5

5.0

1.8

5.5

46.8

2.7

Taxation paid

(12.1)

–

(24.9)

(12.1)

(22.0)

(24.9)

Working capital changes

(38.4)

(75.5)

35.1

(113.9)

60.0

(16.0)

Net cash (out)/inflow from operations

(7.2)

(101.6)

29.5

(108.8)

153.6

54.8

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED)

Total

Metric

Blyvoor

Crown

ERPM

ErgoGold*

Operations

Ore milled (t'000)

Underground

Dec 09 Qtr

137

–

137

Sep 09 Qtr

145

–

145

Dec 09 Ytd

282

–

282

Surface

Dec 09 Qtr

702

1 393

386

3 124

5 605

Sep 09 Qtr

810

1 440

487

2 324

5 061

Dec 09 Ytd

1 512

2 833

873

5 448

10 666

Total

Dec 09 Qtr

839

1 393

386

3 124

5 742

Sep 09 Qtr

955

1 440

487

2 324

5 206

Dec 09 Ytd

1 794

2 833

873

5 448

10 948

Yield (g/t)

Underground

Dec 09 Qtr

3.72

–

3.72

Sep 09 Qtr

3.95

–

3.95

Dec 09 Ytd

3.84

–

3.84

Surface

Dec 09 Qtr

0.38

0.43

0.48

0.09

0.24

Sep 09 Qtr

0.29

0.41

0.45

0.07

0.24

Dec 09 Ytd

0.33

0.42

0.46

0.08

0.24

Total

Dec 09 Qtr

0.93

0.43

0.48

0.09

0.32

Sep 09 Qtr

0.85

0.41

0.45

0.07

0.34

Dec 09 Ytd

0.88

0.42

0.46

0.08

0.33

Gold produced (kg)

Underground

Dec 09 Qtr

509

–

509

Sep 09 Qtr

573

–

573

Dec 09 Ytd

1 082

–

1 082

Surface

Dec 09 Qtr

270

605

184

294

1 353

Sep 09 Qtr

235

593

218

163

1 209

Dec 09 Ytd

505

1 198

402

457

2 562

Total

Dec 09 Qtr

779

605

184

294

1 862

Sep 09 Qtr

808

593

218

163

1 782

Dec 09 Ytd

1 587

1 198

402

457

3 644

Cash operating costs

Underground

Dec 09 Qtr

344 990

–

344 990

(ZAR per kg)

Sep 09 Qtr

346 068

–

346 068

Dec 09 Ytd

345 561

–

345 561

Surface

Dec 09 Qtr

79 807

203 519

165 957

223 224

178 005

Sep 09 Qtr

125 034

198 339

157 862

334 571

195 159

Dec 09 Ytd

100 853

200 955

161 567

262 932

186 100

Total

Dec 09 Qtr

253 078

203 519

165 957

223 224

223 653

Sep 09 Qtr

281 782

198 339

157 862

334 571

243 684

Dec 09 Ytd

267 693

200 955

161 567

262 939

233 448

Cash operating costs

Underground

Dec 09 Qtr

1 282

–

1 282

(ZAR per tonne)

Sep 09 Qtr

1 368

–

1 368

Dec 09 Ytd

1 326

–

1 326

Surface

Dec 09 Qtr

Sep 09 Qtr

Dec 09 Ytd

Total

Dec 09 Qtr

235

Sep 09 Qtr

238

Dec 09 Ytd

237

Gold and silver revenue

Dec 09 Qtr

209.7

161.7

49.1

79.1

499.6

(ZAR million)

Sep 09 Qtr

192.9

149.1

59.4

43.8

445.2

Dec 09 Ytd

402.6

310.8

108.5

122.9

944.8

Cash operating profit/(loss) (ZAR million)

Dec 09 Qtr

12.6

38.6

18.6

13.3

83.1

Sep 09 Qtr

(34.8)

31.4

25.0

(10.6)

11.0

Dec 09 Ytd

(22.2)

70.0

43.6

2.7

94.1

Capital expenditure (ZAR million)

Dec 09 Qtr

17.5

3.4

–

10.1

31.0

Sep 09 Qtr

25.1

5.0

–

34.1

64.2

Dec 09 Ytd

42.6

8.4

–

44.2

95.2

DRDGOLD LIMITED Shareholder Report 2009

Directors – (* British) (** American)

For further information, contact Niël Pretorius at:

Tel: +27 (0)11 219 8700

Fax: +27 (0)11 476 2637

Web www.drdgold.co.za

Ebsco House 4 • 299 Pendoring Avenue • Blackheath • Randburg • South Africa

PO Box 390 • Maraisburg 1700 • South Africa

Executives:

DJ Pretorius (Chief Executive Officer)
CC Barnes (Chief Financial Officer)

Non-executive:

J Turk**

Independent non-executives:

GC Campbell* (Non-Executive Chairman)
RP Hume
EA Jeneker

Company secretary:

TJ Gwebu

Russell and Associates 3186/10

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED) (CONTINUED)

Total

Imperial

Blyvoor

Crown

ERPM

ErgoGold*

Operations

Gold produced (oz)

Underground

Dec 09 Qtr

16 365

–

16 365

Sep 09 Qtr

18 422

–

18 422

Dec 09 Ytd

34 787

–

34 787

Surface

Dec 09 Qtr

8 681

19 451

5 916

9 453

43 501

Sep 09 Qtr

7 556

19 065

7 009

5 240

38 870

Dec 09 Ytd

16 237

38 516

12 925

14 693

82 371

Total

Dec 09 Qtr

25 046

19 451

5 916

9 453

59 866

Sep 09 Qtr

25 978

19 065

7 009

5 240

57 292

Dec 09 Ytd

51 024

38 516

12 925

14 693

117 158

Cash operating costs

Underground

Dec 09 Qtr

1 429

–

1 429

(US$ per oz)

Sep 09 Qtr

1 375

–

1 375

Dec 09 Ytd

1 401

–

1 401

Surface

Dec 09 Qtr

332

840

686

919

735

Sep 09 Qtr

497

788

627

1 330

776

Dec 09 Ytd

409

814

654

1 066

754

Total

Dec 09 Qtr

1 049

840

686

919

925

Sep 09 Qtr

1 120

788

627

1 330

968

Dec 09 Ytd

1 085

814

654

1 066

946

Gold and silver revenue (US$ million)

Dec 09 Qtr

27.8

21.5

6.5

10.4

66.2

Sep 09 Qtr

24.7

19.0

7.6

5.6

56.9

Dec 09 Ytd

52.5

40.5

14.1

16.0

123.1

Cash operating profit/(loss) (US$ million)

Dec 09 Qtr

1.5

5.1

2.4

1.8

10.8

Sep 09 Qtr

(4.4)

4.0

3.2

(1.4)

1.4

Dec 09 Ytd

(2.9)

9.1

5.6

0.4

12.2

Capital expenditure (US$ million)

Dec 09 Qtr

2.3

0.5

–

1.4

4.2

Sep 09 Qtr

3.2

0.6

–

4.4

8.2

Dec 09 Ytd

5.5

1.1

–

5.8

12.4

CASH OPERATING COSTS RECONCILIATION

Total

R’000 unless otherwise stated

Blyvoor

Crown

ERPM

ErgoGold*

Operations

Total cash costs

Dec 09 Qtr

208 677

136 346

49 837

69 124

463 984

Sep 09 Qtr

238 485

129 195

69 166

62 171

499 017

Dec 09 Ytd

447 162

265 541

119 003

131 295

962 001

Movement in gold in process

Dec 09 Qtr

7 515

(1 754)

(132)

(1 303)

4 326

Sep 09 Qtr

(2 951)

(546)

(6 646)

(5 046)

(15 189)

Dec 09 Ytd

4 564

(2 300)

(6 778)

(6 349)

(10 863)

Less: Production taxes,

Dec 09 Qtr

2 484

7 059

10 922

1 894

22 359

rehabilitation and other

Sep 09 Qtr

2 574

6 631

23 465

2 290

34 960

Dec 09 Ytd

5 058

13 690

34 387

4 184

57 319

Less: Retrenchment costs

Dec 09 Qtr

11 221

–

3 592

–

14 813

Sep 09 Qtr

447

–

447

Dec 09 Ytd

11 668

–

3 592

–

15 260

Less: Corporate and general

Dec 09 Qtr

5 339

4 404

4 655

299

14 697

administration costs

Sep 09 Qtr

4 833

4 403

4 641

300

14 177

Dec 09 Ytd

10 172

8 807

9 296

599

28 874

Cash operating costs

Dec 09 Qtr

197 148

123 129

30 536

65 628

416 441

Sep 09 Qtr

227 680

117 615

34 414

54 535

434 244

Dec 09 Ytd

424 828

240 744

64 950

120 163

850 685

Gold produced

Dec 09 Qtr

779

605

184

294

1 862

Sep 09 Qtr

808

593

218

163

1 782

Dec 09 Ytd

1 587

1 198

402

457

3 644

Total cash operating costs - R/kg

Dec 09 Qtr

253 078

203 519

165 957

223 224

223 653

Sep 09 Qtr

281 782

198 339

157 862

334 571

243 684

Dec 09 Ytd

267 693

200 955

161 567

262 939

233 448

Total cash operating costs - US$/oz

Dec 09 Qtr

1 049

840

686

919

925

Sep 09 Qtr

1 120

788

627

1 330

968

Dec 09 Ytd

1 085

814

654

1 066

946

* ErgoGold represents DRDGold’s 100% share in the Elsburg Joint Venture and 50% in the Ergo Joint Venture.