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 November 2006

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           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 November 2006, incorporated
by reference herein:

Exhibit

99.1 Release dated November 2 , 2006, entitled “REPORT TO SHAREHOLDERS FOR THE
        QUARTER ENDED 30 SEPTEMBER 2006”

99.2  Release dated November 2, 2006 , entitled “CEO WELLESLEY-WOOD PLANS TO
         RETIRE FROM DRDGOLD”

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: November 2, 2006

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

Report to shareholders for the quarter ended

30 September 2006

2007 FINANCIAL YEAR

KEY FEATURES

DRDGOLD LIMITED

(Incorporated in the Republic of South Africa) • Registration No.1895/000926/06

ARBN 086 277616 • JSE trading symbol: DRD • ISIN Code: ZAE 000058723

Issuer code: DUSM • NASDAQ trading symbol: DROOY

(“DRDGOLD” or “the company”)

KEY RESULTS SUMMARY

Group

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Attributable gold production *

Australasian operations

oz

58 858 

41 676

41

67

920

kg

1 829

1 296

41

2 113

South African operations

oz

91 339

90 181

1

67

710

kg

2 841 

2 805

1

2 106

Group

oz

150 197

131 857

14

135 630

kg

4 670

4 101

14

4 219

Cash operating costs

Australasian operations

US$ per oz

562

369

(52)

308

ZAR per kg

129 517

76 189

(70)

64

530

South African operations

US$ per oz

503

507

1

387

ZAR per kg

115 821

105 117

(10)

81 260

Group

US$ per oz

526

463

(14)

342

ZAR per kg

121 185

95 975

(26)

71 758

Gold price received

US$ per oz

625

618

1

446

ZAR per kg

143 963

127 902

13

93 559

Capital expenditure (net)

US$ million

14.2

14.8

4

5.3

ZAR

million

101.6

95.2

(7)

34.7

* Emperor Mines Limited ("Emperor") consolidated 100% from 6 April 2006 (previously 39.52% attributable) and Crown Gold

Recoveries (Pty) Limited ("Crown") which included East Rand Proprietary Mines Limited ("ERPM") consolidated 100% from 1

December 2005 (previously 40% attributable).

• Weaker Rand lifts revenue
• Group production up 14%
• Australasian cash operating unit cost up 52%
• Australasian losses offset South African profits
• Charter equity requirement of 26% met
• US$66 million Convertible Notes to be repaid in full

STOCK

Issued capital

324 344 165 ordinary no par value shares

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed:

356 449

Stock traded

JSE

NASDAQ

FRANKFURT

Average volume for the quarter per day ('000)

504

2 329

37

% of issued stock traded (annualised)

40

187

3

Price

• High

R 11.50

US$1.63

Euro 1.24

• Low

R 8.82

US$1.25

Euro 0.99

• Close

R 10.65

US$1.38

Euro 1.09

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 DRDGOLD serves, a drop

in the gold price, a continuing strengthening of the Rand

against the Dollar, regulatory developments adverse to

DRDGOLD or difficulties in maintaining necessary licences 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 the annual report for

the fiscal year ended 30 June 2005, which was filed with the

United States Securities and Exchange Commission on 15

December 2005 on Form 20-F. Shareholders should not place

undue reliance on these forward-looking statements, which

speak only as of the date thereof. DRDGOLD does 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.

OVERVIEW
Dear shareholder
Safety
With regret I must report that Mr Augustino Lebaka,
employed as a team leader at DRDGOLD South African
Operations (Pty) Limited’s (“DRDGOLD SA”) Blyvooruitzicht
(“Blyvoor”) mine, died in a seismicity-related fall of ground
at the mine’s No 5 Shaft during the quarter. Mr Lebaka,
from Lesotho, had almost 25 years’ service with the
company. He is survived by his wife and four children, to
whom I extend our deepest condolences.

Blyvoor has had an unsatisfactory quarter all round, from a
safety perspective. Two seismic events and two underground

fires were primary contributors to deteriorations in both the

disabling injury frequency rate (“DIFR”) and the reportable injury

frequency rate (“RIFR”), the former from 5.98 to 13.1 and the

latter from 2.63 to 6.55. While ERPM recorded improvements in

both its Fatal Injury Frequency Rate (“FIFR”) from 1.32 to 0 and in

its RIFR from 7.93 to 6.96, its DIFR deteriorated somewhat, from

13.21 to 13.29. At Crown, the FIFR remained at 0 and the RIFR

improved from 2.49 to 1.14. The DIFR, however, deteriorated

from 4.97 to 9.16.

At each of DRDGOLD SA’s operations, a range of safety
initiatives continue to be implemented in order to improve

safety performance.

Safety performance at the Emperor-managed Australasian
operations was mixed. Vatukoula recorded a deterioration

in its Lost Time Injury Frequency Rate (“LTIFR”) from 2.21 to

2.56 and in its DIFR from 7.84 to 9.97. At Tolukuma, the LTIFR

improved from 6.86 to 0, while the DIFR deteriorated from 0

to 2.85.

Both operations have in place a range of training and
education programmes, risk assessment processes and

other initiatives to achieve improved safety performance.

Production
Total attributable gold production increased by 14% to
150 197 ounces (“oz”), mainly as a consequence of
Vatukoula coming back on stream, which helped lift gold
production from the Australasian operations to 58 858oz.
While Porgera and Vatukoula both reported improvements
in gold production, Tolukuma produced 2% less, and
performance at all three of the Australasian operations
was negatively affected by various factors. These are
reported in more detail in the operation-by-operation
commentaries that follow.

Gold produced from the South African operations was
slightly higher at 91 339oz. Crown reported an encouraging
16% increase in gold production while Blyvoor was stable at
40 477oz and ERPM was 12% down, mainly as a result of an
8% drop in grade from underground.

Financial
While Group revenue increased by 22% to R642.1 million
mainly as a result of the weaker Rand, Group cash
operating profit was 43% lower at R76.2 million, reflecting a
44% increase in total cash operating costs to R565.9 million.

Revenue from the South African operations was 10% higher
at R406.2 million. After accounting for cash operating costs
– 11% higher at R329 million – cash operating profit was 3%
higher at R77.2 million. By contrast, revenue from the
Australasian operations was 50% higher at R235.9 million
but after accounting for a 140% increase in cash operating
costs to R236.9 million, a R1 million cash operating loss was
recorded, compared with a cash operating profit of R58
million in the previous quarter. Vatukoula and Tolukuma
remain in loss-making positions.

Corporate developments
It was very pleasing to report, after quarter-end, that
DRDGOLD’s black economic empowerment (“BEE”)
partner, KhumoGold, intends to exercise its option to
increase by 11% the 15% stake it currently holds in
DRDGOLD SA and to place 6% of the resulting 26% stake in
an employee trust. There will be a number of desirable
consequences from this, not least a broader BEE base
through employee participation in ownership of DRDGOLD
SA and DRDGOLD’s early attainment of the Mining
Charter’s 10-year, 26% BEE equity target.

DRDGOLD’s offer to exchange up to US$66 million of new
6% Senior Convertible Notes due 2010 (New Notes) for its
outstanding 6% Senior Convertible Notes due 2006 (Old
Notes) expired on 16 October 2006. Due to limited
tendering for the New Notes, the company will repay the
Old Notes in full in November 2006. The company has
arranged funding of US$35 million, which, together with
cash on hand, will be used to settle this liability in full.

Looking ahead
The skip-cage incident at Vatukoula during October (see
Vatukoula commentary) was an unfortunate and serious
setback to Emperor’s plan to achieve 350 000oz of gold

production at a cash operating cost of US$350/oz by June
2007. The South African operations are on the way to
attaining an acceptable level of stability, notwithstanding
the slower than expected volume ramp-up at Blyvoor
resulting from repairs to No 6 Shaft following the shaft
accident there, and underground yield issues at ERPM

arising from increased seismicity and consequent safety
concerns.

MARK WELLESLEY-WOOD
Chief Executive Officer

2 November 2006

NOTE REGARDING FINANCIAL INFORMATION

2

The condensed consolidated financial statements below are prepared in accordance with International Financial Reporting

Standards (“IFRS”).

CONSOLIDATED

Income Statements (Unaudited)

Quarter

Sep 2006

R m

Quarter

Jun 2006

R m

Quarter

Sep 2005

R m

Continuing operations

Gold and silver revenue

642.1

526.3

295.2

Cash operating costs

(565.9)

(393.6)

(226.4)

Cash operating profit

76.2

132.7

68.8

Corporate administration and other expenses

(56.7)

(36.8)

(32.6)

Share-based payments

(3.4)

(6.5)

–

Exploration costs

(4.2)

(5.9)

–

Care and maintenance costs

(2.1)

(41.1)

(2.1)

Cash profit from operations

9.8

42.4

34.1

Retrenchment costs

1.0

(4.6)

(1.0)

Investment income

(4.5)

(42.3)

13.2

Finance charge

(18.8)

(13.3)

(11.7)

Net operating (loss)/profit

(12.5)

(17.8)

34.6

Rehabilitation

(3.3)

(23.8)

(0.8)

Depreciation

(59.5)

(29.3)

(11.5)

(Loss)/profit on financial instruments

(4.2)

49.1

(0.5)

Movement in gold in process

12.8

(1.8)

18.3

(Loss)/profit before taxation

(66.7)

(23.6)

40.1

Taxation

(16.4)

(16.5)

(17.2)

Deferred taxation

2.6

(9.7)

1.5

(Loss)/profit after taxation

(80.5)

(49.8)

24.4

Profit/(loss) on sale of assets/investment

–

92.0

(3.3)

Impairments

–

68.1

(28.9)

Loss from associates

–

–

(25.5)

Discontinued operations

Profit/(loss) for the period from discontinued operations

0.1

24.7

(3.6)

Minority interest

14.3

0.1

–

Net (loss)/profit

(66.1)

135.1

(36.9)

Headline loss per share – cents

– From continuing operations

(20.6)

(7.8)

(1.6)

– From total operations

(20.6)

(15.6)

(0.4)

Basic (loss)/profit per share – cents

– From continuing operations

(20.6)

34.6

(11.1)

– From total operations

(20.6)

42.3

(12.3)

Calculated on the weighted average ordinary shares

issued of :

321 092 406

319 411 281

299 847 342

Diluted headline loss per share – cents

(20.6)

(15.6)

(0.4)

Diluted basic (loss)/profit per share – cents

(20.6)

42.3

(12.3)

SEGMENTAL INFORMATION

Quarter September 2006

Quarter June 2006

South Africa

R m

Australasia

R m

Other

R m

South Africa

R m

Australasia

R m

Other

R m

Gold and silver revenue

406.2

235.9

–

369.6

156.7

–

Cash operating costs

(329.0)

(236.9)

–

(294.9)

(98.7)

–

Cash operating profit/(loss)

77.2

(1.0)

–

74.7

58.0

–

Corporate administration and other

expenses

(14.9)

(29.6)

(12.2)

(16.7)

(35.8)

15.7

Share-based payments

–

–

(3.4)

–

–

(6.5)

Exploration costs

–

(4.2)

–

–

(5.9)

–

Care and maintenance costs

–

–

(2.1)

–

(39.9)

(1.2)

Cash profit/(loss) from operations

62.3

(34.8)

(17.7)

58.0

(23.6)

8.0

Retrenchment costs

–

1.0

–

–

(4.6)

–

Investment income

1.4

2.4

(8.3)

2.1

19.8

(64.2)

Finance charge

(2.2)

(11.0)

(5.6)

(2.6)

(11.7)

1.0

Net operating profit/(loss)

61.5

(42.4)

(31.6)

57.5

(20.1)

(55.2)

Rehabilitation

(2.3)

(0.2)

(0.8)

(16.1)

0.2

(7.9)

Depreciation

(19.5)

(47.3)

7.3

(22.4)

(12.1)

5.2

(Loss)/profit on financial instruments

–

(4.2)

–

(17.4)

58.3

8.2

Movement in gold in process

0.8

12.0

–

(1.2)

(0.6)

–

Profit/(loss) before taxation

40.5

(82.1)

(25.1)

0.4

25.7

(49.7)

Taxation

(0.1)

(16.3)

–

(1.7)

(14.8)

–

Deferred taxation

–

2.6

–

–

(9.7)

–

Profit/(loss) after taxation

40.4

(95.8)

(25.1)

(1.3)

1.2

(49.7)

3

CONDENSED CONSOLIDATED

Balance Sheet (Unaudited)

As at 30 Sep

2006

R m

As at 30 Jun

2006

R

m

As at 30 Sep

2005

R m

Employment of Capital

Net mining assets

2 016.1

1 850.6

735.8

Investments

39.0

38.9

5.1

Investment in associates

–

–

100.7

Environmental trust funds

62.9

60.4

44.1

Other non-current assets

245.7

219.3

217.0

Current assets

913.7

820.6

342.0

Inventories

260.5

208.7

109.3

Trade and other receivables

123.8

102.1

56.5

Derivative instruments

12.2

20.8

–

Cash and cash equivalents

517.2

489.0

176.2

Non-current assets classified as held for trade

15.0

15.0

–

3 292.4

3 004.8

1 444.7

Capital employed

Shareholders' equity

1 093.3

1 015.3

517.8

Shareholders' interest

850.2

782.2

512.0

Minority shareholders interest

243.1

233.1

5.8

Long-term borrowings

335.9

403.0

428.6

Post retirement health care provisions

20.7

24.4

3.3

Rehabilitation

332.4

322.3

129.9

Deferred mining and income taxes

96.2

92.0

41.5

Current liabilities

1 413.9

1 147.8

323.6

Trade and other payables

541.3

407.5

247.2

Derivative instruments

199.3

183.4

4.2

Current portion of long-term borrowings

673.3

556.9

72.2

3 292.4

3 004.8

1 444.7

CONDENSED CONSOLIDATED

Statement of changes in equity (Unaudited)

Quarter

Sep 2006

R m

Quarter

Jun 2006

R m

Quarter

Sep 2005

R m

Balance at the beginning of the period

1 015.3

612.2

483.1

Share capital issued

41.5

35.5

57.3

– for acquisition finance and cash

40.0

27.9

60.3

– for share options exercised

0.3

2.4

–

– increase in share-based payment reserve

3.4

6.5

–

– for costs

(2.2)

(1.3)

(3.0)

Net (loss)/profit attributed to ordinary shareholders

(66.1)

135.1

(36.9)

Net (loss)/profit attributed to minority shareholders

(14.3)

(0.1)

–

Increase in minorities

–

218.6

–

Currency translation adjustments and other

116.9

14.0

14.3

Balance as at the end of the period

1 093.3

1 015.3

517.8

Reconciliation of headline loss

Net (loss)/profit

(66.1)

135.1

(36.9)

Adjusted for:

– Impairment of assets and investments

–

(68.1)

28.9

– (Gain)/loss on discontinued operations

(0.1)

(24.7)

3.6

– (Profit)/loss on sale of assets

–

(92.0)

3.3

Headline loss

(66.2)

(49.7)

(1.1)

4

CONDENSED CONSOLIDATED

Cash Flow Statement (Unaudited)

Quarter

Sep 2006

R m

Quarter

Jun 2006

R m

Quarter

Sep 2005

R m

Net cash (out)/inflow from operations

(11.5)

19.0

20.6

Working capital changes

71.2

(89.7)

(28.6)

Net cash outflow from investing activities

(105.8)

(95.2)

(30.7)

Net cash inflow from financing activities

38.4

512.5

(29.7)

(Decrease)/increase in cash and cash equivalents

(7.7)

346.6

(68.4)

Translation adjustment

35.9

9.4

3.4

Opening cash and cash equivalents

489.0

133.0

241.2

Closing cash and cash equivalents

517.2

489.0

176.2

Reconciliation of net cash (out)/inflow from operations

Net operating (loss)/profit

(12.5)

(17.8)

34.6

Net operating profit/(loss) from discontinued operations

0.1

24.7

(3.6)

(12.4)

6.9

31.0

Adjusted for:

Interest provision on convertible bond

7.0

7.3

7.2

Amortisation of convertible cost

1.7

4.3

1.9

Financial instruments

4.2

46.9

0.5

Unrealised foreign exchange loss/(gain)

16.4

(15.3)

(1.6)

Growth in Environmental Trust Funds

(0.8)

(1.5)

(1.2)

Other non cash items

3.4

6.5

–

Interest paid

(12.2)

(14.4)

(4.4)

Taxation paid

(18.8)

(21.7)

(12.8)

Net cash (out)/inflow from operations

(11.5)

19.0

20.6

KEY OPERATING AND FINANCIAL RESULTS (Unaudited)

Australasian operations

Porgera (20% Share of Joint

Venture)

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

t'000

262

305

(14)

281

Yield

g/t

3.48

2.77

26

4.80

Gold produced oz

29 379

27 215

8

43 395

kg

913

846

8

1

350

Cash operating costs

US$ per oz

401

173*

(132)

264

ZAR

per kg

92 539

36 200*

(156)

55 383

ZAR

per tonne

322

100

(221)

266

Cash operating profit US$ million

4.5

11.7

(62)

7.8

ZAR

million

32.2

75.5

(57)

51.1

Capital expenditure (net) US$ million

1.8

5.8 69

2.0

ZAR

million

12.9

37.6 66

12.9

* Cash operating cost for the June 2006 quarter included deferred stripping costs capitalised during the quarter. Cash operating costs

normalised for the June 2006 quarter were US$397/oz (R83 013/kg).

Attributable gold production rose by 8% to 29 379oz mainly as a result of a 26% increase in yield to 3.48 grams per ton (“g/t”).
However, production was affected by unplanned mill downtime, suspension of mining in the mini-pit to allow construction of
the lower buttress, and unseasonably high rainfall. Low-grade long-term stockpiles provided lower than expected grades
but this was offset by higher-grade open pit and underground ore.
Remediation of the west wall cutback continues and is 65% complete. The Porgera Joint Venture expects mining of ore in

the pit to begin later in 2006, which should result in improved production levels and cash operating costs.
Cash operating costs were US$401/oz for the quarter.

Tolukuma

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

t'000

43

45

(4)

47

Yield

g/t

8.77

8.58

2

9.40

Gold produced oz 12 141

12 408

(2)

14 199

Kg

377

386

(2)

442

Cash operating costs

US$ per oz

835

761

(10)

441

ZAR

per kg

192 634

157 850

(22)

92 466

ZAR

per tonne

1 689

1 354

(25)

870

Cash operating (loss)/profit US$ million

(3.0)

(0.3)

(900)

0.4

ZAR

million

(20.8)

(1.9)

(995)

2.9

Capital expenditure (net) US$ million

2.0

0.6

(233)

1.1

ZAR

million

14.3

3.8

(276)

7.3

Gold production was 2% lower at 12 141oz, reflecting a 4% decline in ore milled to 43 000 tonnes (“t”). Yield was 2% higher at

8.77g/t.

Production was affected by the suspension of stoping operations in the D2 decline/Gulbadi area on 31 August at the

instruction of the new General Manager in order to address safety issues. At the time that stoping operations were

suspended in this area no alternative stoping blocks were accessible for production.
ROM stocks were nil and a decision was made to shut the mill down until sufficient ROM stocks and ore flows could be

produced to sustain milling operations. The mill re-started on 2 September and ROM stocks have since been maintained at

more than 600t of ore.
Gold flows from underground during September were from development headings in Zine 1515 North and South and Zine

1535 South and old gold recovered from the P5 and P2 decline areas. Surface stocks of low grade ore supplemented

underground ore flows to maintain the mill profile.
Due to the mill shutdown, cash operating costs rose to US$835/oz.

Vatukoula ("Old" Emperor)

100% consolidated from 6 April 2006

(Previously 39.52% attributable)

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

t'000

80

23

248

54

Yield

g/t

6.74

2.78

142

5.94

Gold produced                                    oz

17 338

2 053

745

10 326

kg

539

64

742

321

Cash operating costs #

US$ per oz

642

515

(25)

536

ZAR

per kg

148 006

112 281

(32)

112 413

ZAR

per tonne

997

312

(219)

681

Cash operating loss #

US$ million

(1.7)

(2.4)

29

(1.6)

ZAR million

(12.4)

(15.6)

21

(10.3)

Cash operating loss attributable to

DRDGOLD

US$ million

(1.7)

(2.4)

29

–

ZAR

million

(12.4)

(15.6)

21

–

Capital expenditure (net) #

US$ million

5.6

3.6

(56)

2.3

ZAR

million

40.0

23.3

(72)

14.8

Capital expenditure (net)

attributable to

US$ million

5.6

3.6

(56)

–

ZAR

million

40.0

23.3

(72)

–

# Represents total operation

Vatukoula produced 17 338oz of gold for the quarter at a grade of 6.74g/t, a significant improvement on the previous

quarter’s 2 053oz at 2.78g/t which was a consequence of a scheduled shutdown and the start of the Accelerated

Development Programme.
Results for the quarter under review, however, were negatively influenced by a number of factors: geological grade estimation

and reconciliation issues; on-going labour negotiations regarding the proposed 30-day continuous operating policy, the stoppage

of Philip Shaft for four weeks in September to carry out vital repairs in the shaft; and delayed commissioning of some key heavy

mobile equipment and the 18 level underground workshop.
As previously announced, a skip-cage that fell down Philip Shaft during post-maintenance testing on 14 October caused

damage to the surface winder mechanism. No serious injuries occurred as safety procedures had been followed. A

comprehensive investigation has begun to establish the cause of the failure. It is likely that Philip Shaft will remain closed for

some time as investigations continue and repairs are undertaken.
Cash operating costs for the quarter were US$642/oz.

South African operations

Blyvoor

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

Underground                                       t'000

182

178

2

173

Surface

t'000

966

920

5

873

Total

t'000

1 148

1 098

5

1 046

Yield

Underground

g/t

5.15

5.26

(2)

6.23

Surface

g/t

0.33

0.33

–

0.33

Total

g/t

1.10

1.13

(3)

1.30

Gold produced

Underground oz

30 125

30 124

–

34 626

kg

937

937

–

1 077

Surface

oz

10 352

9 806

6

9 196

kg

322

305

6

286

Total

oz

40 477

39 930

1

43 822

kg

1 259

1 242

1

1 363

Cash operating costs

Underground                                       US$ per oz

627

607

(3)

429

ZAR

per kg

144 491

126 037

(15)

90 021

ZAR

per tonne

744

663

(12)

560

Surface

US$ per oz

293

276

(6)

230

ZAR

per kg

67 565

57 289

(18)

48 269

ZAR

per tonne

23

19

(19)

16

Total

US$ per oz

542

526

(3)

387

ZAR

per kg

124 817

109 155

(14)

81 260

ZAR

per tonne

137

123

(11)

106

Cash operating profit                         US$ million

3.2

4.4

(27)

2.3

ZAR

million

23.0

28.5

(19)

14.8

Capital expenditure (net)                    US$ million

2.7

2.2

(23)

2.2

ZAR million

19.1

14.3

(34)

14.3

Total gold production was slightly higher at 40 477oz as a consequence of a 6% increase in gold produced from surface

sources to 10 352oz.

5

Underground gold production was unchanged at 30 125oz. While a 2% increase in ore milled to 182 000t and a 2% decline in

yield to 5.15g/t reflect the underground operation’s planned shift to higher volumes and lower grade, volume ramp-up has

been slower than expected due both to essential winder repairs and repairs to No 6 Shaft damaged when a water column

was dislodged as a result of an Eskom power failure. Opening up and development associated with the ramp-up

proceeded on schedule and the 70 000tpm target is now expected to be achieved in January 2007.
Drilling continued on the Alpha Dyke to determine its extent and geological structure.
Higher surface gold production was primarily the result of a 5% increase in throughput from the slimes dam project to 966

000t following the successful relocation of a pump station. Yield was unchanged at 0.33g/t.
Total cash operating costs were 3% higher at US$542/oz, mainly as a consequence of higher winter power tariffs and No 6

Shaft repairs. Underground cash operating costs rose by 3% to US$627/oz while those for the surface operations were 6%

higher at US$293/oz.

Crown

100% consolidated from 1 Dec 2005

(Previously 40% attributable)

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

t'000

2 056

2 070

(1)

894

Yield

g/t

0.42

0.36

17

0.43

Gold produced                                    oz                                27 521

23 823

16

12 288

kg

856

741

16

382

Cash operating costs #

US$ per oz

423

489

13

373

ZAR

per kg

97 453

101 456

4

78 248

ZAR

per tonne

41

36

(12)

33

Cash operating profit #

US$ million

5.5

3.5

57

2.0

ZAR million

39.1

22.6

73

12.8

Cash operating profit attributable

to

DRDGOLD

US$ million

5.5

3.5

57

–

ZAR

million

39.1

22.6

73

–

Capital expenditure (net) #

US$ million

1.0

1.6

38

0.5

ZAR

million

7.1

10.6

33

3.1

Capital expenditure (net)

attributable to

US$ million

1.0

1.6

38

–

ZAR

million

7.1

10.6

33

–

# Represents total operation

A 17% increase in yield to 0.42g/t resulted in a 16% increase in gold production to 27 521oz. Ore milled was stable at 2 056
000t.
Higher production resulted in a 13% decline in cash operating costs to US$423/oz.
Work to upgrade both the residue and CMR pipelines was completed on schedule and on budget during the quarter. The

upgrades are expected to result in increased tonnages due to improved availability and considerably reduced spillage-

associated environmental risk.

ERPM

100% consolidated from 1 Dec 2005

(Previously 40% attributable)

Quarter

Sep 2006

Quarter

Jun 2006

% Change

Quarter

Sep 2005

Ore milled

Underground

t'000

76

77

(1)

34

Surface

t'000

435

474

(8)

206

Total

t'000

511

551

(7)

240

Yield

Underground

g/t

7.49

8.17

(8)

7.88

Surface

g/t

0.36

0.41

(12)

0.43

Total

g/t

1.42

1.49

(5)

1.50

Gold produced

Underground

oz

18 325

20 223

(9)

8 719

kg

570

629

(9)

271

Surface

oz

5 016

6 205

(19)

2 881

kg

156

193

(19)

90

Total

oz

23 341

26 428

(12)

11 600

kg

726

822

(12)

361

Cash operating costs #

Underground

US$ per oz

510

479

(6)

400

ZAR per kg

117 481

99 514

(18)

83 755

ZAR per tonne

880

813

(8)

660

Surface

US$ per oz

599

537

(12)

449

ZAR per kg

137 949

111 451

(24)

94 080

ZAR per tonne

49

45

(9)

41

Total

US$ per oz

529

493

(7)

412

ZAR per kg

121 879

102 316

(19)

86 319

ZAR per tonne

173

153

(13)

130

Cash operating profit #

US$ million

2.1

3.7

(43)

0.7

ZAR million

15.1

23.6

(36)

4.9

Cash operating profit attributable

to DRDGOLD

US$ million

2.1

3.7

(43)

–

ZAR

million

15.1

23.6

(36)

–

Capital expenditure (net) #

US$ million

1.1

0.7

(57)

–

6

ZAR

million

8.1

4.8

(69)

0.2

Capital expenditure (net)

attributable to

DRDGOLD

US$ million

1.1

0.7

(57)

–

ZAR

million

8.1

4.8

(69)

–

# Represents total operation

Total gold production was 12% lower at 23 341oz, reflecting a 9% decrease in gold produced from underground to 18 325oz
and a 19% decrease in gold produced from the Cason surface operation to 5 016oz respectively.
Lower underground gold production resulted primarily from an 8% decline in underground yield to 7.49g/t. This was as a
consequence of a reduction in the rate of extraction from the seismicity-affected, high-grade western longwalls in the
interests of safety and a commensurate increase in volumes mined from the lower-grade, opened-up areas above 70 level.
Work to install a second compressor at Far East Vertical (“FEV”) Shaft, at a cost of R5.8 million, is scheduled to begin in
November, significantly reducing the current risk associated with dependence on a single compressor.
The underground plugging project to isolate current mining operations from rising water levels is on schedule and should be
completed during June 2007.
Lower gold production from the Cason surface operation resulted from an 8% decline in surface ore milled to 435 000t and a
12% decline in surface yield to 0.36g/t. Lower throughput was as a consequence of the impact on milling circuit optimisation
of ancillary equipment failure – subsequently addressed – that followed commissioning of two new mills at the Knights plant.
Total cash operating costs rose by 7% to US$529/oz. Underground cash operating costs were 6% higher at US$510/oz and

surface cash operating costs 12% higher at US$599/oz.

CASH OPERATING COSTS RECONCILIATION

South African Operations

Australasian Operations

Crown

ERPM

Blyvoor

Total Mine

Operations   Vatukola     Tolukuma

Porgera

JV (20%)

Total Mine

Operations

R000 unless otherwise stated

Total cash costs

Sep 06 Qtr

89 650

94 418

162 201

346 269

95 607

72 686

84 853

253 146

Jun 06 Qtr

79 710

91 670

142 808

314 188

64 962

74 853

63 648

203 463

Sep 05 Qtr

78 816

83 332

118 269

280 417

79 029

45 508

68 750

193 287

Movement in gold in process

Sep 06 Qtr

241

(38)

587

790

(3 215)

11 241

3 968

11 994

Jun 06 Qtr

1 589

(947)

(1 851)

(1 209)

7 288

5 961

(13 802)

(553)

Sep 05 Qtr

66

477

547

1 090

2 696

349

17 374

20 419

Less: Exploration, production

taxes

Sep 06 Qtr

2 643

1 960

1 374

5 977

–

4 437

1 325

5 762

rehabilitation and other

Jun 06 Qtr

2 036

1 774

1 129

4 939

51 897

6 908

3 343

62 148

Sep 05 Qtr

729

2 291

4 411

7 431

(61)

1 617

1 727

3 283

Less: Retrenchment costs

Sep 06 Qtr

–

–

–

–

(1 009)

–

–

(1 009)

Jun 06 Qtr

–

–

–

–

4 644

–

–

4 644

Sep 05 Qtr

–

–

–

–

–

–

–

–

Less: Corporate and general

Sep 06 Qtr

3 828

3 936

4 270

12 034

13 626

6 867

3 008

23 501

administration costs

Jun 06 Qtr

4 084

4 845

4 258

13 187

8 523

12 976

15 878

37 377

Sep 05 Qtr

3 426

3 658

3 647

10 731

2 085

3 370

9 630

15 085

Cash operating costs

Sep 06 Qtr

83 420

88 484

157 144

329 048

79 775

72 623

84 488

236 886

Jun 06 Qtr

75 179

84 104

135 570

294 853

7 186

60 930

30 625

98 741

Sep 05 Qtr

74 727

77 860

110 758

263 345

79 701

40 870

74 767

195 338

Gold produced

Sep 06 Qtr

856

726

1 259

2 841

539

377

913

1 829

Jun 06 Qtr

741

822

1 242

2 805

64

386

846

1 296

Sep 05 Qtr

955

902

1 363

3 220

709

442

1 350

2 501

Total cash operating costs – R/kg

Sep 06 Qtr

97 453

121 879

124 817

115 821

148 006

192 634

92 539

129 517

Jun 06 Qtr

101 456

102 316

109 155

105 117

112 281

157 850

36 200

76 189

Sep 05 Qtr

78 248

86 319

81 260

81 784

112 413

92 466

55 383

78 104

Total cash operating costs –

US$/oz

Sep 06 Qtr

423

529

542

503

642

835

401

562

Jun 06 Qtr

489

493

526

506

515

761

173

365

Sep 05 Qtr

373

412

387

444

536

441

264

402

EXPLORATION AND DEVELOPMENT

Australasian operations

Fiji

Vatukoula

Underground exploration was concentrated at the Philip Shaft

section which is now the main focus of current operations

under the new “Accelerated development and training

plan”. Exploration continued to focus on the Basala project,

testing for ore bodies in the footwall of Prince William

flatmake. This work had previously defined two new structures

to date, the Prince William Footwall (“PW HW”) and Basala#1

flatmakes (“FM”). Down-dip and strike extensions are currently

being tested.
No regional exploration work was carried out elsewhere in Fiji.

A re-assessment of feasibility of the Tuvatu Resource area is

being undertaken and an aggressive new regional

programme for both Tuvatu and Vanua Levu is under review.

Papua New Guinea

Tolukuma

Exploration in the quarter has focused on the continued

delineation of the Zine structure and drilling in the Fundoot

area. Ridge and spur sampling and trenching has also

been completed to generate targets to the south and

west of the Degot/Fundoot area. Drilling has continued to

intersect encouraging results from both the Fundoot and

Zine areas.
Exploration activities in the October to December quarter

will continue to focus on delineation of the Zine and

Fundoot structures. Minor work will be completed on

defining further anomalism encountered to the south of

8

7

Fundoot and several holes will target the Triple M structure

east of the Zine and Gulbadi Red structures.
Zine Exploration & Underground Development

Exploration at Zine has continued in an effort to define the

lateral and vertical extent of mineralisation on the Zine Mid

North pod. Drilling has also been completed on the Zine far

North pod however results have not been as encouraging

from this area. Work has yet to commence on the Zine

south pod, as the D2 decline has had limited access to this

area, whilst safety and refuge chambers are installed at

the 1385 and 1395 levels.

Zine Drilling

Drill results from Zine have intersected broader lower levels

of mineralisation at the bottom of the Zine structure

between 1350 and 1330 RL. This represents the

coalescence of the PK and Zine structures and shows that

the PK structure is also continuous for at least 200m vertical.

Hole no

Intersection

Comments

RL

Recovery

%

TU 073

2.9m @ 21.2 g/t Au & 51.9 g/t Ag    Zine Mid North

1362

100

TU074

1.4m @ 0.86 g/t Au & 8.6 g/t Ag

Zine Mid North

1486

55

TU075

2.0m @ 12.51 g/t Au & 38.7 g/t Ag  Zine Mid Area

1419

82

TU076

4.0m @ 1.96 g/t Au & 27.0 g/t Ag   Zine Mid North

1322

100

TU077

No significant results

Zine Mid North

1543

92

TU078

0.9m @ 2.7 g/t Au & 2.0 g/t Ag

Barren Zone

1374

100

TU079

6.6m @ 5.1 g/t Au & 24.8 g/t Ag

Zine and PK intersect    1390

94

TU080

3.5m @ 2.9 g/t Au & 6.4 g/t Ag

Zine Mid North

1322

100

TU081

1.3m @ 4.0 g/t Au & 27.6 g/t Ag

Zine Mid North

1459

68

TU082

1.7m @ 10.8 g/t Au & 30.9 g/t Ag    Zine Mid North

1347

100

TU083

No significant results

Zine Mid North

1421

100

* Assay results are uncut – intersection width is not true width.

Fundoot

The upper Fundoot zone has been the target of drilling

since July 2006. Fundoot is located approximately 100m

south of the Degot portal at the end of the current pit

workings which exist at Tolukuma. Trenching in the area

has exposed several of these veins which have returned

results up to 404g/t Au from isolated rock chip samples.

Sporadic high grades and visible gold have been

commonly noted. Drilling during the quarter has

intersected encouraging grades of mineralisation in a

number of holes.
PNG Regional Programme

The company maintains 11 Exploration Licences (“EL”) with

seven tenements granted, namely EL683, 1297, 1379, 1284,

1271, 1352 and 1366; and four tenements, EL580, 894, 1264

and 1327 awaiting renewal. A major technical review of all

exploration tenements was completed last quarter. The

review has highlighted and ranked over 30 separate

prospects with several key prospects at an advanced stage

requiring major drilling and exploration. Field work in EL1352

and EL580 commenced during this quarter. Weather

problems and the unavailability of helicopters greatly

restricted the scope of work, however, exploration conducted

to date consisted of 9,600m of creek mapping, soil and rock

chip sampling. A three-month work programme was

completed at EL1284 last quarter. Data interpretation is in

progress.
Porgera Joint Venture

The Stage Six programme was completed last quarter and

work continued on modelling the Stage 6 data. Preliminary

estimation work was also conducted. The Porgera Deeps

drilling programme is in progress.
Regionally, drilling planned at Tupagai is awaiting

finalisation of the drill contract. Landowner clearances for

drill pads and access tracks were obtained during July.

Assays from earlier rock chip sampling at Tupagai returned

some significant values. Target areas have now been

identified for further assessment. Results of earlier field work

at Liawin area have also been encouraging.

DIRECTORS

Elsewhere, three target areas have been identified and

follow-up field work has commenced. The targets

identified were based on coincident geochemical and

geophysical anomalies in favourable litho structural

positions within the Porgera Transfer Zone.
South Africa

ERPM Extension 1 (Sallies)

The first exploration borehole was completed and

surveyed to assist with geological interpretation. The

borehole was sampled under the supervision of an external

geological consultant and assayed at an independent

laboratory with check assays conducted at a second

laboratory. The hole assayed at 26.7g/t/162 (4 234cmgt)

over full channel width. A second borehole intersected

reef, but still requires to be sampled and surveyed.

ERPM Extension 2

A Public Participation meeting was held on 4 August and

the Environmental Management Programme (“EMP”) has

been completed and was submitted to the DME on 22

August 2006. The DME has 120 days to approve or reject

the application from date of EMP submission, which

equates to 20 December 2006.

Blyvoor

Savuka Exploration – Alpha Dyke

Drilling of the hole has encountered numerous problems,

culminating in the drill bit being lost in the hole resulting in

the hole being severely deflected (determined by a down-

the-hole survey). This has necessitated re-drilling of the hole.

Argonaut

A Public Participation meeting for the Argonaut Extension

was held on 28 July 2006. The EMP has been completed

and was submitted to the DME on 22 August 2006. The

DME has until 20 December 2006 to approve or reject the

application.

Directors (* British) (** Australian) (*** American) Non-executives:

Executives:

Non-executives:

MM Wellesley-Wood (Chief Executive Officer)*

J Turk ***

JWC Sayers (Chief Financial Officer)

Independent non-executives:

Group

Company

Secretary:

RP Hume

TJ Gwebu

GC Campbell* (Non-Executive Chairman)

D

Blackmur**

INVESTOR RELATIONS

For further information, contact Ilja Graulich at:

Tel: (+27-11) 219-7800 • Fax: (+27-11) 476-2637 • e-mail: ilja.graulich@za.drdgold.com • website:

Exhibit 99.2

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARB number 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
(“DRDGOLD” or “the Company”)

CEO WELLESLEY-WOOD ANNOUNCES PLANS TO RETIRE FROM DRDGOLD

Chief Executive Officer Mark Wellesley-Wood used DRDGOLD’s 10th anniversary celebration of
its listing on the NASDAQ market today, and of his 55th birthday, to announce his intention to
retire from DRDGOLD.

“I have asked the Board’s Nomination Committee to begin the search for my successor”, Wellesley-
Wood said.

The effective date of Wellesley-Wood’s retirement is not yet known. A further announcement will
be made once the effective date has been determined and a successor has been appointed.

“I came to DRDGOLD and to South Africa for six months and have stayed for nearly six years. It is
now time to move on.”

He cited as personal and company milestones reached in the past year:

- the creation of the “new” 78.72% DRDGOLD-held Emperor Mines
Limited, a separately listed Australian company, with a new
management team;

- the completion of DRDGOLD’s BEE transaction with KhumoGold SPV
Limited in respect of its South African operations; and

- DRDGOLD’s redemption on 12 November of its $66 million Senior
Convertible Note.

“I am also especially pleased with progress at our South African gold operations, which now have
the opportunity to achieve sustainable growth”, he said.

Johannesburg
02 November 2006

Sponsor
Standard Bank