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 April 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 April 2010, incorporated
by reference herein:

Exhibit

99.1 Release dated April 23, 2010, entitled “REPORT TO SHAREHOLDERS FOR THE
QUARTER AND NINE MONTHS ENDED 31 MARCH 2010”.

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: April 23, 2010

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title:

Company

Secretary

Report to shareholders for the quarter and nine months

ended 31 March 2010

(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 1%
Operating profit up 11% to R96.9 million
Blyvoor provisional judicial management order lifted

GROUP RESULTS

REVIEW OF OPERATIONS

Quarter

9 months to

Group

Mar 2010

Dec 2009

Change*

Mar 2009

31 Mar 2010

31 Mar 2009

Gold production

62 404

59 866

58 997

179 562

189 915

1 941

1 862

1 835

5 585

5 907

Gold production sold

62 404

59 866

58 997

182 134

189 915

1 941

1 862

1 835

5 665

5 907

Cash operating costs

US$ per oz

913

925 1

653

935

691

ZAR per kg

221 400

223 653

211 666

229 261

205 149

Gold price received

US$ per oz

1 113

1 106

915

1 057

850

ZAR per kg

269 980

268 302

292 369

259 278

252 235

Capital expenditure

US$ million

4.2

4.2 –

6.4

16.6

24.7

ZAR million

31.3

30.9 (1)

65.8

126.4

227.8

* quarter-on-quarter

STOCK

Issued capital:

381 012 491 ordinary no par value shares
5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed:

400 756 741

Stock traded

JSE

NASDAQ*

Average daily volume for the quarter ('000)

758

2 610

% of issued stock traded (annualised)

179

Price

• High

R 5.71

$0.790

• Low

R 3.60

$0.461

• Close

R 3.74

$0.489

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

DRDGOLD LIMITED Shareholder Report 2010

Overview

Dear shareholder

Safety, health and environment

One fatality, at Blyvooruitzicht Gold Mining Company Limited (“Blyvoor”), was recorded during the quarter.
Mr Respeito Mandangalane Manhica, a rock driller, died in a conveyance incident when he fell down the sub-shaft
at No 5 Shaft while entering the man-cage to return to surface at the end of his shift. We extend our deepest
condolences to his family, colleagues and friends. At the time of his death, Blyvoor had recorded 1 945 029 fatality-
free shifts, or 16 fatality-free months.

In respect of its Dressing Station Injury Frequency Rate, Blyvoor reported an improvement for the quarter, but
deteriorations in respect of both its Reportable Injury Frequency Rate and Disabling Injury Frequency Rate; Crown
Gold Recoveries (Pty) Limited (“Crown”) reported encouraging improvements in respect of all safety parameters,
and East Rand Proprietary Mines Limited (“ERPM”) had an almost ‘clear run’ for the quarter, reporting just one
dressing station injury.

As a general observation, across the Group, safety audits and hazard assessments are yielding good results. We
expect to launch the group-wide Behaviour-based Safety Initiative, together with the Mine Occupational Safety and
Health Early Morning Examination campaign, during June 2010.

A total of R7.9 million was spent on environmental rehabilitation at Group operations during the quarter.

Production

Total gold production was 4% higher at 62 404oz due to continued recovery at Blyvoor’s underground operations
and the on-going production build-up at Ergo, about which more is reported later in this overview. Total surface
gold production was 6% lower at 40 992oz, due to lower production at Crown and ERPM, and comprised 66% of
the quarter’s total gold production.

Financial

Total revenue for the quarter was 5% higher at R524.0 million, a consequence mainly of higher gold production.
The average Rand gold price received increased by just 1% to R269 980/kg. Total cash operating unit costs were
1% lower at R221 400/kg, reflecting higher gold production, and cash operating profit rose by 11% to R96.9 million.
Net profit was 92% higher at R12.3 million.

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 2010

Blyvoor’s provisional judicial management order lifted

Subsequent to the end of the quarter under review, we reported that our application to the High Court for the
lifting of the provisional judicial management order in respect of Blyvoor had been granted. The quarter-on-quarter
operating and financial improvement at Blyvoor is amply reflected in the mine’s operating and financial results for
the quarter under review.

Detailed operational review

Blyvoor

Total gold production rose by 15% to 28 743oz, reflecting a 31% increase in underground gold production to
21 412oz. Gold production from surface sources was 16% lower at 7 331oz.

Increased underground gold production resulted from a 21% rise in underground throughput to 166 000t and an
8% rise in underground yield to 4.01g/t. Higher throughput and yield reflected continuing recovery from the
negative impact of seismic damage to high-grade working places underground during May 2009.

Lower surface gold production was a consequence of a 13% decline in yield to 0.33g/t, reflecting recovery of increasing
volumes of lower-grade material from the No 4 Dam. Surface throughput was virtually unchanged at 701 000t.

Total cash operating unit costs were 7% lower at R235 841/kg, due both to higher total gold production and the
lower total cost of labour resulting from restructuring in the first quarter. Underground cash operating unit costs
were 18% lower at R281 818/kg reflecting higher gold production, while surface cash operating unit costs rose by
27% to R101 539/kg due to lower gold production.

Cash operating profit increased by 146% to R31.0 million due to higher total gold production.

Capital expenditure was unchanged at R17.4 million, reflecting continued strict management of costs during the
judicial management process.

At the Way Ahead Project, additional production crews are to be deployed in the coming months. This is expected to
deliver both increased volume and improved grade – a necessary offset against the Eskom increases which take effect
this month.

Crown

Gold production was 5% lower at 18 422oz due to a 6% decline in throughput to 1 312 000t. Lower throughput
resulted from reclamation site clean-ups drawing to a close; heavy rainfall; and pipeline realignments associated
with the upgrading of municipal and other infrastructure. Yield was 2% higher at 0.44g/t.

Lower gold production resulted in a 3% increase in cash operating unit costs to R210 503/kg and a 12% decline in
cash operating profit to R33.9 million.

Capital expenditure, unchanged at R3.4 million, was directed primarily towards continuing maintenance of the
Nasrec tailings deposition site.

ERPM

An 11% drop in throughput to 344 000t, due primarily to pipe column failures during March, resulted in an 8%
decline in gold production to 5 466oz. Yield was 2% higher at 0.49g/t.

Cash operating unit costs were 11% higher at R183 606/kg and cash operating profit was 21% lower at
R14.6 million due to lower gold production.

Ergo

Gold production increased by 3% to 9 773oz, reflecting an 11% improvement in yield to 0.10g/t. Throughput rose
by 1% to 3 150 000t.

DRDGOLD LIMITED Shareholder Report 2010

Cash operating unit costs were 1% lower at R220 609/kg and cash operating profit was 11% higher at
R14.8 million, a consequence of higher gold production.

With Phase 1 capital infrastructure development drawing to a close, capital expenditure dropped by 35% to
R6.6 million.

Progress towards the Phase 1 volume target of 1.2Mtpm and the head grade target of 0.32g/t continues.
Completion of the commissioning of the second feeder pipeline from the Elsburg Tailings Complex (“ETC”) to the
Brakpan plant brings this well within reach, increasingly replacing material from the second-generation L29 dump.

The pilot plant built to help decide the optimal blend of ETC and L29 material continued to operate and proved
useful during the quarter.

Exploration and prospecting

In Zimbabwe, the Leny claims – where initial exploration work by DRDGOLD’s Zimbabwean partner, Chizim
Investments, on two veins in 2009 showed grades varying from five to 25g/t – have been prioritised for further
exploration. Camden Geoserve has been contracted to conduct an initial, 28-week programme that will include
updating the sampling base of the known veins; geophysical exploration using induced polarisation; and selective
trenching and drilling. Limited mining will take place during the exploration phase, with any gold recovered helping
to offset costs. Gravity extraction will be used, without milling or reagents.

Corporate activity

Subsequent to the end of the quarter, we reported that:

a) we would not conclude the transaction with Aurora Empowerment Systems (“Aurora”), in terms of which Aurora

would acquire 60% of Blyvoor and

b) Competition Commission approval had been received for our acquisition of Mintails Limited’s 50% of Ergo
Mining (Pty) Limited, allowing us to assume full ownership of Ergo.

We extended to Aurora a period of exclusivity until the end of April 2010 to make an alternative offer in respect of
Blyvoor during which time we will not consider any alternative offers for Blyvoor without first offering it to Aurora
on similar terms.

Looking ahead

Now that we have acquired full ownership of Ergo is a major step for us in terms of our shift towards gold recovery
from surface retreatment, and provides the platform for fully exploring and exploiting synergies between Crown
and Ergo.

It is very satisfying to reflect on Blyvoor’s efforts over the four months between December and March, and on the
continuing production build-up at Ergo. Achieving a full restoration of Blyvoor’s underground recovery grades and
developing the Ergo-Crown synergies are our main priorities for the months to come.

Niël Pretorius
Chief Executive Officer
23 April 2010

DRDGOLD LIMITED Shareholder Report 2010

STATEMENT OF COMPREHENSIVE INCOME

Quarter

9 months to

Mar 2010

Dec 2009

Mar 2009

31 Mar 2010

31 Mar 2009

Unaudited

Unaudited

Unaudited

Unaudited

Gold and silver revenue

524.0

499.6 536.5

1 468.8

1 490.0

Net operating costs

(427.1)

(412.2)

(406.6)

(1 288.7)

(1 208.6)

Cash operating costs

(429.7)

(416.5)

(388.4)

(1 280.4)

(1 211.8)

Movement in gold in process

2.6

4.3 (18.2)

(8.3)

3.2

Operating profit

96.9

87.4 129.9

180.1

281.4

Depreciation

(45.2)

(23.5)

(133.1)

(57.6)

Movement in provision for environmental rehabilitation

(14.6)

0.1 7.8

(22.9)

(13.3)

Retrenchment costs

(0.3)

(18.1)

1.8

(19.6)

(33.5)

Gross profit from operating activities

36.8

24.2 116.0 4.5

177.0

Impairments

–

– (3.3)

–

(55.7)

Administration expenses and general costs

(34.1)

(24.2)

(37.4)

(104.6)

(81.8)

Share-based payments

(1.2)

(1.6)

(2.0)

(3.5)

(6.2)

Financial liabilities measured at amortised cost

–

– 5.7 –

52.8

Profit/(loss) on sale of assets and investments

11.1

0.5 (0.3)

12.8

8.3

Finance income

5.5

6.1 20.6

20.0

79.2

Finance expenses and unwinding of provisions

(0.5)

(4.9)

(4.3)

(8.5)

(10.1)

Profit/(loss) before taxation

17.6

0.1 95.0

(79.3)

163.5

Income tax

(8.2)

(7.7)

(25.2)

(22.7)

(49.4)

Deferred tax

2.9

14.0 (26.3)

57.4

(46.0)

Net profit/(loss) for the period

12.3

6.4 43.5

(44.6)

68.1

Attributable to:

Equity owners of the parent

9.9

5.4 34.1

(33.1)

91.9

Non-controlling interest

2.4

1.0 9.4

(11.5)

(23.8)

12.3

6.4 43.5

(44.6)

68.1

Other comprehensive income

Foreign exchange translation

–

0.1 1.1

0.3

(10.6)

Total comprehensive income for the period

12.3

6.5

44.6

(44.3)

57.5

Attributable to:

Equity owners of the parent

9.9

5.5 35.2

(32.8)

81.3

Non-controlling interest

2.4

1.0 9.4

(11.5)

(23.8)

12.3

6.5 44.6

(44.3)

57.5

Reconciliation of headline earnings/(loss)

Net profit/(loss)

9.9

5.4 34.1

(33.1)

91.9

Adjusted for:

- Impairments

–

3.3

–

55.7

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

(11.1)

(0.5)

0.3

(12.8)

(8.3)

- Non-controlling share of headline earnings adjustment

2.8

0.5 (0.1)

3.3

(11.1)

Headline earnings/(loss)

1.6

5.4 37.6

(42.6)

128.2

Headline earnings/(loss) per share – cents

0.4

1.4 10.0

(11.2)

34.0

Basic earnings/(loss) per share – cents

2.6

1.4 9.0

(8.7)

24.4

Diluted headline earnings/(loss) per share – cents

0.4

1.4 10.0

(11.2)

34.0

Diluted basic earnings/(loss) per share – cents

2.6

1.4 9.0

(8.7)

24.4

Calculated on the weighted average number of ordinary shares issued:

380 987 431

380 448 068

376 884 611

379 810 206

376 684 531

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 2010

STATEMENT OF FINANCIAL POSITION

As at

31 Mar 2010

31 Dec 2009

31 Mar 2009

Unaudited

Audited

Assets
Property, plant and equipment

1 730.7

1 744.7

932.8

Non-current investments and other assets

43.0

43.0 65.4

Environmental rehabilitation trust funds

141.4

138.2 125.6

Deferred tax asset

200.3

200.5 35.6

Current assets

464.3

401.9 989.9

Inventories

98.0

98.4 80.6

Trade and other receivables

150.0

125.7 348.6

Cash and cash equivalents

201.3

162.8 545.7

Assets classified as held for sale

15.0

15.0 15.0

Total assets

2 579.7

2 528.3

2 149.3

Equity and liabilities
Equity

1 539.7

1 525.9

1 335.7

Equity of the owners of the parent

1 448.7

1 437.3

1 298.3

Non-controlling interest

91.0

88.6 37.4

Loans and borrowings

65.1

65.1 88.2

Post-retirement and other employee benefits

43.4

46.3 24.7

Provision for environmental rehabilitation

440.4

426.5 401.1

Deferred tax liability

172.4

175.5 –

Current liabilities

318.7

289.0 299.6

Trade and other payables

268.7

289.0 292.8

Loans and borrowings

50.0

– 6.8

Total equity and liabilities

2 579.7

2 528.3

2 149.3

STATEMENT OF CHANGES IN EQUITY

Quarter

9 months to

Mar 2010

Dec 2009

Mar 2009

31 Mar 2010

31 Mar 2009

Unaudited

Balance at the beginning of the period

1 525.9

1 502.5

1 285.4

1 584.0

1 305.5

Share capital issued

0.3

15.3 3.7

15.5

4.1

- for acquisition finance and cash

–

15.5 –

15.5

–

- for share options exercised

0.2

0.5 4.1 1.1

4.5

- for costs

0.1

(0.7)

(0.4)

(1.1)

(0.4)

Increase in share-based payment reserve

1.2

1.6 2.0 3.5

6.2

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

9.9

5.4 34.1

(33.1)

91.9

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

2.4

1.0 9.4

(11.5)

(23.8)

Dividends declared

–

– –

(19.0)

(37.6)

Other comprehensive income

–

0.1 1.1 0.3

(10.6)

Balance as at the end of the period

1 539.7

1 525.9

1 335.7

1 539.7

1 335.7

STATEMENT OF CASH FLOWS

Quarter

9 months to

Mar 2010

Dec 2009

Mar 2009

31 Mar 2010

31 Mar 2009

Unaudited

Net cash in/(out)flow from operations

8.3

(7.2)

114.1

(100.5)

168.9

Net cash outflow from investing activities

(20.2)

(30.9)

(88.0)

(115.3)

(216.0)

Net cash in/(out)flow from financing activities

50.1

(33.0)

(89.7)

63.0 (241.8)

Increase/(decrease) in cash and cash equivalents

38.2

(71.1)

(63.6)

(152.8)

(288.9)

Translation adjustment

0.3

(0.4)

0.3

0.5

(11.5)

Opening cash and cash equivalents

162.8

234.3 609.0 353.6

846.1

Closing cash and cash equivalents

201.3

162.8 545.7 201.3

545.7

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

17.6

0.1 95.0

(79.3)

163.5

Adjusted for:
Movement in gold in process

(2.6)

(4.3)

18.2

8.3

(3.2)

Depreciation and impairment

45.2

45.2 26.8

133.1

113.3

Movement in provision for environmental rehabilitation

14.6

(0.1)

(7.8)

22.9

13.3

Share-based payments

1.2

1.6 2.0 3.5

6.2

Profit on financial liabilities measured at amortised costs

–

(5.7)

–

(52.8)

(Profit)/loss on sale of assets and investments

(11.1)

(0.5)

0.3

(12.8)

(8.3)

Finance expense and unwinding of provisions

0.4

3.1 3.2 6.0

6.6

DRDGOLD LIMITED Shareholder Report 2010

STATEMENT OF CASH FLOWS

Quarter

9 months to

Mar 2010

Dec 2009

Mar 2009

31 Mar 2010

31 Mar 2009

Unaudited

Growth in Environmental Trust Funds

(2.4)

(2.3)

(3.3)

(7.1)

(10.1)

Other non-cash items

(4.8)

0.5 8.3 0.7

4.2

Taxation paid

–

(12.1)

(1.8)

(12.1)

(26.7)

Working capital changes

(49.8)

(38.4)

(21.1)

(163.7)

(37.1)

Net cash in/(out)flow from operations

8.3

(7.2)

114.1

(100.5)

168.9

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED)

Total

Metric

Blyvoor

Crown

ERPM

Ergo*

Operations

Ore milled (t'000)

Underground

Mar 2010 Qtr

166

–

166

Dec 2009 Qtr

137

–

137

Mar 2010 Ytd

448

–

448

Surface

Mar 2010 Qtr

701

1 312

344

3 150

5 507

Dec 2009 Qtr

702

1 393

386

3 124

5 605

Mar 2010 Ytd

2 213

4 145

1 217

8 598

16 173

Total

Mar 2010 Qtr

867

1 312

344

3 150

5 673

Dec 2009 Qtr

839

1 393

386

3 124

5 742

Mar 2010 Ytd

2 661

4 145

1 217

8 598

16 621

Yield (g/t)

Underground

Mar 2010 Qtr

4.01

–

4.01

Dec 2009 Qtr

3.72

–

3.72

Mar 2010 Ytd

3.90

–

3.90

Surface

Mar 2010 Qtr

0.33

0.44

0.49

0.10

0.23

Dec 2009 Qtr

0.38

0.43

0.48

0.09

0.24

Mar 2010 Ytd

0.33

0.43

0.47

0.09

0.24

Total

Mar 2010 Qtr

1.03

0.44

0.49

0.10

0.34

Dec 2009 Qtr

0.93

0.43

0.48

0.09

0.32

Mar 2010 Ytd

0.93

0.43

0.47

0.09

0.34

Gold produced (kg)

Underground

Mar 2010 Qtr

666

–

666

Dec 2009 Qtr

509

–

509

Mar 2010 Ytd

1 748

–

1 748

Surface

Mar 2010 Qtr

228

573

170

304

1 275

Dec 2009 Qtr

270

605

184

294

1 353

Mar 2010 Ytd

733

1 771

572

761

3 837

Total

Mar 2010 Qtr

894

573

170

304

1 941

Dec 2009 Qtr

779

605

184

294

1 862

Mar 2010 Ytd

2 481

1 771

572

761

5 585

Cash operating costs

Underground

Mar 2010 Qtr

281 818

–

281 818

(ZAR per kg)

Dec 2009 Qtr

344 990

–

344 990

Mar 2010 Ytd

321 275

–

321 275

Surface

Mar 2010 Qtr

101 539

210 503

183 606

220 609

189 841

Dec 2009 Qtr

79 807

203 519

165 957

223 224

178 005

Mar 2010 Ytd

101 067

204 044

168 117

246 029

187 343

Total

Mar 2010 Qtr

235 841

210 503

183 606

220 609

221 400

Dec 2009 Qtr

253 078

203 519

165 957

223 224

223 653

Mar 2010 Ytd

256 215

204 044

168 117

246 029

229 261

Cash operating costs

Underground

Mar 2010 Qtr

1 131

–

1 131

(ZAR per tonne)

Dec 2009 Qtr

1 282

–

1 282

Mar 2010 Ytd

1 254

–

1 254

Surface

Mar 2010 Qtr

Dec 2009 Qtr

Mar 2010 Ytd

Total

Mar 2010 Qtr

243

Dec 2009 Qtr

235

Mar 2010 Ytd

239

Gold and silver revenue (ZAR million)

Mar 2010 Qtr

241.8

154.5

45.7

82.0

524.0

Dec 2009 Qtr

209.7

161.7

49.1

79.1

499.6

Mar 2010 Ytd

644.4

465.3

154.2

204.9

1 468.8

Cash operating profit (ZAR million)

Mar 2010 Qtr

31.0

33.9

14.6

14.8

94.3

Dec 2009 Qtr

12.6

38.6

18.6

13.3

83.1

Mar 2010 Ytd

8.8

103.9

58.2

17.5

188.4

Capital expenditure (ZAR million)

Mar 2010 Qtr

17.4

3.4

0.9

6.6

28.3

Dec 2009 Qtr

17.5

3.4

–

10.1

31.0

Mar 2010 Ytd

60.0

11.8

0.9

50.8

123.5

DRDGOLD LIMITED Shareholder Report 2010

For further information, contact Niël Pretorius at:

Tel:           +27 (0)11 219 8700
Fax:          +27 (0)11 476 2637
Web          www.drdgold.co.za

4 Ebsco House • 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

Ergo*

Operations

Gold produced (oz)

Underground

Mar 2010 Qtr

21 412

–

21 412

Dec 2009 Qtr

16 365

–

16 365

Mar 2010 Ytd

56 199

–

56 199

Surface

Mar 2010 Qtr

7 331

18 422

5 466

9 773

40 992

Dec 2009 Qtr

8 681

19 451

5 916

9 453

43 501

Mar 2010 Ytd

23 568

56 938

18 391

24 466

123 363

Total

Mar 2010 Qtr

28 743

18 422

5 466

9 773

62 404

Dec 2009 Qtr

25 046

19 451

5 916

9 453

59 866

Mar 2010 Ytd

79 767

56 938

18 391

24 466

179 562

Cash operating costs

Underground

Mar 2010 Qtr

1 163

–

1 163

(US$ per oz)

Dec 2009 Qtr

1 429

–

1 429

Mar 2010 Ytd

1 310

–

1 310

Surface

Mar 2010 Qtr

419

868

758

909

783

Dec 2009 Qtr

332

840

686

919

735

Mar 2010 Ytd

412

832

685

1 003

764

Total

Mar 2010 Qtr

973

868

758

909

913

Dec 2009 Qtr

1 049

840

686

919

925

Mar 2010 Ytd

1 045

832

685

1 003

935

Gold and silver revenue (US$ million)

Mar 2010 Qtr

32.0

20.5

6.1

10.9

69.5

Dec 2009 Qtr

27.8

21.5

6.5

10.4

66.2

Mar 2010 Ytd

84.5

61.0

20.2

26.9

192.6

Cash operating profit (US$ million)

Mar 2010 Qtr

4.1

4.5

2.0

1.9

12.5

Dec 2009 Qtr

1.5

5.1

2.4

1.8

10.8

Mar 2010 Ytd

1.2

13.6

7.6

2.3

24.7

Capital expenditure (US$ million)

Mar 2010 Qtr

2.4

0.5

0.1

0.9

3.9

Dec 2009 Qtr

2.3

0.5

1.4

4.2

Mar 2010 Ytd

7.9

1.6

0.1

6.7

16.3

CASH OPERATING COSTS RECONCILIATION

Total

R’000 unless otherwise stated

Blyvoor

Crown

ERPM

Ergo*

Operations

Total cash costs

Mar 2010 Qtr

204 910

125 366

47 554

67 580

445 410

Dec 2009 Qtr

208 677

136 346

49 837

69 124

463 984

Mar 2010 Ytd

652 072

390 907

166 557

198 875

1408 411

Movement in gold in process

Mar 2010 Qtr

(1 691)

2 045

(10)

2 238

2 582

Dec 2009 Qtr

7 515

(1 754)

(132)

(1 303)

4 326

Mar 2010 Ytd

2 873

(255)

(6 788)

(4 111)

(8 281)

Less: Production taxes,

Mar 2010 Qtr

(11 980)

2 389

11 397

2 591

4 397

rehabilitation and other

Dec 2009 Qtr

2 484

7 059

10 922

1 894

22 359

Mar 2010 Ytd

(6 922)

16 079

45 784

6 775

61 716

Less: Retrenchment costs

Mar 2010 Qtr

–

302

–

327

Dec 2009 Qtr

11 221

–

3 592

–

14 813

Mar 2010 Ytd

11 693

–

3 894

–

15 587

Less: Corporate and general

Mar 2010 Qtr

4 332

4 404

4 632

162

13 530

administration costs

Dec 2009 Qtr

5 339

4 404

4 655

299

14 697

Mar 2010 Ytd

14 504

13 211

13 928

761

42 404

Cash operating costs

Mar 2010 Qtr

210 842

120 618

31 213

67 065

429 738

Dec 2009 Qtr

197 148

123 129

30 536

65 628

416 441

Mar 2010 Ytd

635 670

361 362

96 163

187 228

1280 423

Gold produced – kg

Mar 2010 Qtr

894

573

170

304

1 941

Dec 2009 Qtr

779

605

184

294

1 862

Mar 2010 Ytd

2 481

1 771

572

761

5 585

Total cash operating costs – R/kg

Mar 2010 Qtr

235 841

210 503

183 606

220 609

221 400

Dec 2009 Qtr

253 078

203 519

165 957

223 224

223 653

Mar 2010 Ytd

256 215

204 044

168 117

246 029

229 261

Total cash operating costs – US$/oz

Mar 2010 Qtr

973

868

758

909

913

Dec 2009 Qtr

1 049

840

686

919

925

Mar 2010 Ytd

1 045

832

685

1 003

935

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

DIRECTORS

(*British)(**American)