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 October 2010

Commission File Number 0-28800

______________________

DRDGOLD Limited

Quadrum Office Park

Building 1

50 Constantia Boulevard

Constantia Kloof Ext 28

Roodepoort, South Africa, 1709

(Address of principal executive offices)

______________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.

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 October 2010, incorporated
by reference herein:

Exhibit

99.1 Release dated October 21, 2010, entitled “REPORT TO SHAREHOLDERS FOR THE
FIRST QUARTER ENDED 30 SEPTEMBER 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: October 21, 2010

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

Report to shareholders for the first quarter

ended 30 September 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 “Group”)

KEY FEATURES FOR THE QUARTER

Gold production up 6%

Operating profit of R69.4 million impacted negatively by Eskom winter tariffs amounting

to R27.8 million

Blyvoor achieves 1 million fatality free shifts and 4 million fall of ground fatality free shifts

R500 million Domestic Medium Term Note Programme established

GROUP RESULTS

Review of operations

Quarter

Group

Sep 2010

Jun 2010

Change

Sep 2009

Gold production

65 267

61 632

57 292

2 030

1 917

1 782

Gold production sold

69 607

57 293

59 864

2 165

1 782

1 862

Cash operating costs

US$ per oz

1 084

1 004

(8)

968

ZAR per kg

256 498

244 331

(5)

243 684

Gold price received

US$ per oz

1 218

1 204

950

ZAR per kg

288 054

292 769

(2)

239 098

Capital expenditure

US$ million

8.1

8.9

8.2

ZAR million

59.4

67.5

64.2

STOCK

Issued capital

384 884 379 ordinary no par value shares

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed:
404 049 638

Stock traded

JSE

NASDAQ*

Average volume for the quarter per day ('000)

663

846

% of issued stock traded (annualised)

Price

• High

R3.79

$0.535

• Low

R2.80

$0.392

• Close

R3.66

$0.519

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

Crown/Ergo pipeline R300m investment to access 600Mt

Overview

Dear shareholder

Safety, health and environment

I am pleased to report that, once again, DRDGOLD’s operations have recorded a fatality-free quarter. It is particularly noteworthy that,
during the quarter, Blyvooruitzicht Gold Mining Company Limited (“Blyvoor”) achieved both 1 million fatality-free shifts and 4 million
fall of ground fatality-free shifts.

All operations reported deteriorations in other key safety parameters – dressing station injuries, disabling injuries and reportable injuries
– pointing to a need for renewed focus on the safety auditing, awareness and improvement initiatives in place.

Compliance was satisfactory at all operations in respect of occupational health-related matters during the quarter.

Environmental management spend for the quarter totalled R8.1 million.

I would like to draw your attention to the recent publication of the company’s Annual Report and Sustainable Development Report for
the 2010 financial year. Our Sustainable Development Report was produced once again in accordance with guidelines provided by the
Global Reporting Initiative. Both reports can be accessed on the DRDGOLD website, www.drdgold.com.

Production

Total gold production during the quarter increased by 6% to 65 267oz, a consequence mainly of higher production from Blyvoor. Some
63% – 41 057oz – of total gold production was from surface retreatment.

Gold production sold was 21% higher at 69 607oz as a result of 4 340oz of gold produced in the previous quarter which was sold in the
current quarter.

Financial

Revenue for the quarter was R623.6 million as a result of the 21% increase in gold production sold. We achieved an operating profit of
R69.4 million after accounting for total cash operating costs, which were 11% higher at R520.7 million due to higher winter tariffs for
electricity and annual wage increases.

Gross profit for the quarter was R36.6 million, down 50% on the previous quarter’s normalised gross profit of R72.9 million
after stripping out a non-cash credit of R71.3 million arising from the transfer of environmental rehabilitation liability
adjustments following the disposal of the Durban Roodepoort Deep and West Wits mining licenses. The quarter closed on a
net loss of R8.3 million, compared to a normalised net profit of R19.9 million in the previous quarter, after taking into account
the environmental rehabilitation liability adjustment and the foreign currency translation reserve of R156.7 million which was
realised on the voluntary liquidation of our offshore subsidiaries.

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. Any forward-looking statement included in this report have not been reviewed and reported on by DRDGOLD's auditors.

Exploration and prospecting

In Zimbabwe, the number of claims at Leny held by Chizim Gold – DRDGOLD’s joint venture with Zimbabwe-based Chizim Investments
– has increased both through acquisitions and pegging from 46 (covering 454ha) to 61 (covering 602ha).

At the end of the quarter some five drill holes totalling 1 176m had been completed, all showing extensive sulphides and mineralization.
Core has been split and sent for assay, with results expected by the end of November.

Trenching continues and is scheduled for completion by the end of December.

When all first phase drilling and trenching results have been assessed, a second infill, drilling programme will be designed to define the
orebody.

Also in Zimbabwe, six gold greenfields prospects have been evaluated since February this year.

Corporate activity

After quarter-end we announced that our 74%-owned subsidiary, DRDGOLD South African Operations (Pty) Limited (“DRDGOLD SA”),
had successfully raised R108 million for the previously-announced R300 million Crown/Ergo pipeline under a R500 million Domestic
Medium Term Note Programme (“DMTN Programme”). From time to time, DRDGOLD SA may issue notes in terms of the DMTN
Programme to raise further capital if required.

Detailed operational review

Blyvoor

Total gold production rose by 13% to 30 287oz, reflecting a 15% increase in underground gold production to 24 210oz and a 7%
increase in surface gold production to 6 077oz.

Higher underground gold production resulted both from a 4% increase in underground throughput to 193 000t and a 10% increase in
underground yield to 3.90g/t. While the higher-grade No 5 Shaft delivered the volume increase, reflecting continued progress with
opening up and development, all three producing shafts – 4, 5 and 6 – recorded improved yields.

The increase in surface gold production was due mainly to a 9% increase in surface yield to 0.25g/t. Surface throughput was slightly
higher at 759 000t.

Total cash operating costs were 2% lower at R287 668/kg due to increased gold production. Underground cash operating costs declined
by 2% to R324 898/kg and surface cash operating costs by 1% to R139 339/kg.

Operating profit was 26% lower at R3.4 million, reflecting higher power costs – a consequence both of Eskom’s general tariff increase
and two months of operation at the power utility’s higher winter tariff; the annual wage increment; and a lower Rand gold price received.

Capital expenditure, 2% lower at R19.1 million, was directed mainly towards continued opening up and development, particularly in the
No 5 Shaft mining area.

Crown

Gold production was slightly lower at 23 952oz. While yield declined by 2% to 0.42g/t, throughput rose by 1% to 1 774 000t.

Cash operating costs rose by 9% to R229 740/kg due both to the higher cost of power and the annual wage increase.

Operating profit was 15% lower at R46.9 million, reflecting a lower Rand gold price received and higher costs.

Capital expenditure was 13% lower at R29.6 million, R17.9 million of which was for the new Crown/Ergo pipeline.

DRDGOLD LIMITED

Shareholder Report 2010

Ergo

A 1% increase in gold production to 11 028oz reflected a 1% increase in throughput to 3 285 000t. Yield was unchanged at 0.10g/t.

Higher power tariffs and the annual wage increase resulted in a 16% increase in cash operating costs to R229 015/kg.

Operating profit was 40% lower at R19.1 million due to a lower Rand gold price received and higher costs.

Ongoing rehabilitation work at the Brakpan tailings deposition site accounted for most of the capital expenditure, which was 25% lower
at R8.6 million.

Looking ahead

We anticipate that we will continue to operate in an environment characterised by a strong gold price but with challenges from
rising costs.

Our priorities are as stated at the end of the previous quarter:

improving key sustainability drivers at Blyvoor, maintaining if not improving on 70 000 underground reef tonnes per month;

developing on schedule the Crown/Ergo pipeline (and associated second CIL circuit at Ergo’s Brakpan plant), in order to fully

exploit the synergies between the Crown and Ergo operations;

at Ergo, attaining a steady throughput of 1.2Mt per month, holding down costs and maintaining a healthy margin, while pushing

for grade improvement through on-going research; and

in Zimbabwe, making the most of the steadily improving climate for business in that country, to evaluate the growing number of

exciting prospects coming our way and to pursue those with the greatest promise.

Niël Pretorius
Chief Executive Officer
21 October 2010

Condensed statement of comprehensive income

Quarter

Sep 2010

Jun 2010

Sep 2009

Unaudited

Gold and silver revenue

623.6

521.7

445.2

Net operating costs

(554.2)

(430.2)

(449.4)

Cash operating costs

(520.7)

(468.4)

(434.2)

Movement in gold in process

(33.5)

38.2

(15.2)

Operating profit/(loss)

69.4

91.5

(4.2)

Depreciation

(27.6)

(57.7)

(42.7)

Movement in provision for environmental rehabilitation

(4.8)

110.9

(8.4)

Retrenchment costs

(0.4)

(0.5)

(1.2)

Gross profit/(loss) from operating activities

36.6

144.2

(56.5)

Impairments

–

(6.2)

–

Administration expenses and general costs

(32.5)

(12.0)

(46.3)

Share-based payments

(0.6)

(0.7)

Net (loss)/gain on financial liabilities measured at amortised cost

(12.6)

6.2

–

Profit on disposal of assets

4.4

0.9

1.2

Profit on disposal of subsidiaries and joint venture

–

158.2

–

Finance income

5.3

7.4

8.4

Finance expenses

(3.6)

(7.2)

(3.1)

(Loss)/profit before taxation

(3.0)

290.9

(97.0)

Income tax

(3.6)

12.4

(6.8)

Deferred tax

(1.7)

(55.4)

40.5

Net (loss)/profit for the period

(8.3)

247.9

(63.3)

Attributable to:

Equity owners of the parent

0.3

240.9

(48.4)

Non-controlling interest

(8.6)

7.0

(14.9)

(8.3)

247.9

(63.3)

Other comprehensive income
Foreign exchange translation

–

(156.8)

0.2

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

–

5.2

–

Total comprehensive income for the period

(8.3)

96.3

(63.1)

Attributable to:

Equity owners of the parent

0.3

88.0

(48.2)

Non-controlling interest

(8.6)

8.3

(14.9)

(8.3)

96.3

(63.1)

Reconciliation of headline (loss)/earnings
Net profit/(loss)

0.3

240.9

(48.4)

Adjusted for:
– Impairments

–

6.2

–

– Profit on disposal of assets

(4.4)

(0.9)

(1.2)

– Profit on disposal of subsidiaries and joint venture

–

(158.2)

–

– Non-controlling interest in headline earnings adjustment

1.1

3.5

–

Headline (loss)/earnings

(3.0)

91.5

(49.6)

Headline (loss)/earnings per share-cents

(0.8)

23.9

(13.1)

Basic earnings/(loss) per share-cents

0.1

63.0

(12.8)

Diluted headline (loss)/earnings per share-cents

(0.8)

23.9

(13.1)

Diluted basic earnings/(loss) per share-cents

0.1

63.0

(12.8)

Calculated on the weighted average ordinary shares issued of:

384 884 379

382 569 557

378 020 712

Adjusted headline earnings/(loss) per share-cents*

2.5

22.3

(13.1)

(Adjusted for the net gain/(loss) on financial liabilities measured
at amortised cost)

* From time to time DRDGOLD may publicly disclose certain “Non-GAAP” financial measures in the course of its financial presentation release, earnings conference calls and otherwise.

The condensed consolidated financial statements below have been prepared in accordance with International Financial Reporting Standards
(“IFRS”), Schedule 4 of the Companies Act 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 2010.

DRDGOLD LIMITED Shareholder Report 2010

Condensed statement of financial position

As at

30 Sep 2010

30 Jun 2010

30 Sep 2009

Unaudited

Audited

Unaudited

Assets
Property, plant and equipment

1 896.0

1 863.2

1 759.1

Non-current Investments and other assets

24.8

48.1

43.0

Environmental rehabilitation trust funds

129.3

126.1

134.2

Deferred tax asset

137.6

140.7

184.9

Current assets

396.2

402.1

458.8

Inventories

126.7

132.6

90.1

Trade and other receivables

107.9

66.3

119.4

Cash and cash equivalents

146.6

188.2

234.3

Assets classified as held for sale

15.0

Total assets

2 583.9

2 580.2

2 580.0

Equity and Liabilities
Equity

1 622.6

1 649.9

1 502.5

Equity of the owners of the parent

1 531.9

1 550.6

1 414.9

Non-controlling interest

90.7

99.3

87.6

Loans and borrowings

39.8

59.0

65.1

Post-retirement and other employee benefits

13.6

13.4

45.0

Provision for environmental rehabilitation

429.5

420.6

423.4

Deferred tax liability

166.7

168.1

173.7

Current liabilities

311.7

269.2

370.3

Trade and other payables

311.7

269.2

322.3

Loans and borrowings

–

48.0

Total equity and liabilities

2 583.9

2 580.2

2 580.0

Condensed statement of changes in equity

Quarter

Sep 2010

Jun 2010

Sep 2009

Unaudited

Balance at the beginning of the period

1 649.9

1 539.7

1 584.0

Share capital issued

(0.4)

13.3

(0.1)

– for acquisition finance and cash

–

14.3

–

– for share options exercised

–

0.4

– for costs

(0.4)

(1.0)

(0.5)

Increase in share-based payment reserve

0.6

0.7

Net profit/(loss) attributable to equity owners of the parent

0.3

240.9

(48.4)

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

(8.6)

7.0

(14.9)

Dividends declared

(19.2)

–

(19.0)

Other comprehensive income

–

(151.6)

0.2

Balance as at the end of the period

1 622.6

1 649.9

1 502.5

Condensed statement of cash flows

Quarter

Sep 2010

Jun 2010

Sep 2009

Unaudited

Net cash in/(out)flow from operations

21.9

154.1

(101.6)

Net cash outflow from investing activities

(55.0)

(111.1)

(64.2)

Net cash (out)/inflow from financing activities

(8.5)

(55.2)

45.9

Decrease in cash and cash equivalents

(41.6)

(12.2)

(119.9)

Translation adjustment

–

(0.9)

0.6

Opening cash and cash equivalents

188.2

201.3

353.6

Closing cash and cash equivalents

146.6

188.2

234.3

Reconciliation of net cash in/(out)flow from operations
(Loss)/profit before taxation

(3.0)

290.9

(97.0)

Adjusted for:
Movement in gold in process

33.5

(38.2)

15.2

Depreciation and impairment

27.6

63.9

42.7

Movement in provision for environmental rehabilitation

4.8

(110.9)

8.4

Share-based payments

0.6

0.7

Net loss/(gain) on financial liabilities measured at amortised cost

12.6

(6.2)

–

Profit on disposal of assets

(4.4)

(0.9)

(1.2)

Profit on disposal of subsidiaries and joint venture

–

(158.2)

–

Finance expense and unwinding of provisions

3.0

4.8

2.5

Growth in environmental trust funds

(2.0)

(2.4)

Other non-cash items

(1.4)

(26.0)

5.0

Taxation paid

–

(0.5)

–

Working capital changes

(49.4)

137.2

(75.5)

Net cash in/(out)flow from operations

21.9

154.1

(101.6)

Key operating and financial results (unaudited)

Total

Metric

Blyvoor

Crown

Ergo

Operations

Ore milled (t'000)

Underground

Sep 2010 Qtr

193

–

193

Jun 2010 Qtr

185

–

185

Surface

Sep 2010 Qtr

759

1 774

3 285

5 818

Jun 2010 Qtr

755

1 760

3 269

5 784

Total

Sep 2010 Qtr

952

1 774

3 285

6 011

Jun 2010 Qtr

940

1 760

3 269

5 969

Yield (g/t)

Underground

Sep 2010 Qtr

3.90

–

3.90

Jun 2010 Qtr

3.54

–

3.54

Surface

Sep 2010 Qtr

0.25

0.42

0.10

0.22

Jun 2010 Qtr

0.23

0.43

0.10

0.22

Total

Sep 2010 Qtr

0.99

0.42

0.10

0.34

Jun 2010 Qtr

0.88

0.43

0.10

0.32

Gold produced (kg)

Underground

Sep 2010 Qtr

753

–

753

Jun 2010 Qtr

654

–

654

Surface

Sep 2010 Qtr

189

745

343

1 277

Jun 2010 Qtr

176

749

338

1 263

Total

Sep 2010 Qtr

942

745

343

2 030

Jun 2010 Qtr

830

749

338

1 917

Cash operating costs (ZAR per kg)

Underground

Sep 2010 Qtr

324 898

–

324 898

Jun 2010 Qtr

333 986

–

333 986

Surface

Sep 2010 Qtr

139 339

229 740

229 015

216 165

Jun 2010 Qtr

140 858

211 216

198 118

197 907

Total

Sep 2010 Qtr

287 668

229 740

229 015

256 498

Jun 2010 Qtr

293 034

211 216

198 118

244 331

Cash operating costs (ZAR per tonne)

Underground

Sep 2010 Qtr

1 268

–

1 268

Jun 2010 Qtr

1 181

–

1 181

Surface

Sep 2010 Qtr

Jun 2010 Qtr

Total

Sep 2010 Qtr

285

Jun 2010 Qtr

259

Gold and silver revenue (ZAR million)

Sep 2010 Qtr

297.0

218.1

108.5

623.6

Jun 2010 Qtr

217.0

215.3

89.4

521.7

Operating profit (ZAR million)

Sep 2010 Qtr

3.4

46.9

19.1

69.4

Jun 2010 Qtr

4.6

55.1

31.8

91.5

Capital expenditure (ZAR million)

Sep 2010 Qtr

19.1

29.6

8.6

57.3

Jun 2010 Qtr

19.6

34.0

11.4

65.0

Total

Imperial

Blyvoor

Crown

Ergo

Operations

Gold produced (oz)

Underground

Sep 2010 Qtr

24 210

–

24 210

Jun 2010 Qtr

21 027

–

21 027

Surface

Sep 2010 Qtr

6 077

23 952

11 028

41 057

Jun 2010 Qtr

5 658

24 081

10 866

40 605

Total

Sep 2010 Qtr

30 287

23 952

11 028

65 267

Jun 2010 Qtr

26 685

24 081

10 866

61 632

Cash operating costs (US$ per oz)

Underground

Sep 2010 Qtr

1 373

–

1 373

Jun 2010 Qtr

1 373

–

1 373

Surface

Sep 2010 Qtr

589

972

968

914

Jun 2010 Qtr

580

869

815

814

Total

Sep 2010 Qtr

1 216

972

968

1 084

Jun 2010 Qtr

1 204

869

815

1 004

Gold and silver revenue (US$ million)

Sep 2010 Qtr

40.4

29.6

14.8

84.8

Jun 2010 Qtr

28.7

28.4

11.8

68.9

Operating profit (US$ million)

Sep 2010 Qtr

0.5

6.4

2.6

9.5

Jun 2010 Qtr

0.6

7.3

4.2

12.1

Capital expenditure (US$ million)

Sep 2010 Qtr

2.6

4.0

1.2

7.8

Jun 2010 Qtr

2.6

4.4

1.5

8.5

DRDGOLD LIMITED Shareholder Report 2010

For further information, contact Niël Pretorius at:
Tel: +27 (0)11 470 2600 Fax: +27 (0)11 470 2618
Web: www.drdgold.com

Quadrum Office Park • Building 1
50 Constantia Boulevard • Constantia Kloof Ext 28
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 4050/10

Cash operating costs reconciliation

Total

R’000 unless otherwise stated

Blyvoor

Crown

Ergo

Operations

Total cash costs

Sep 2010 Qtr

300 597

180 960

89 815

571 372

Jun 2010 Qtr

218 875

143 931

65 172

427 978

Movement in gold in process

Sep 2010 Qtr

(22 560)

(14)

(10 898)

(33 472)

Jun 2010 Qtr

30 894

(1 997)

9 326

38 223

Less: Assessment rates, rehabilitation and other

Sep 2010 Qtr

2 272

5 673

(95)

7 850

Jun 2010 Qtr

2 150

(22 808)

6 931

(13 727)

Less: Retrenchment costs

Sep 2010 Qtr

–

Jun 2010 Qtr

(768)

–

(768)

Less: Corporate and general administration costs

Sep 2010 Qtr

4 782

4 117

460

9 359

Jun 2010 Qtr

5 169

6 541

603

12 313

Cash operating costs

Sep 2010 Qtr

270 983

171 156

78 552

520 691

Jun 2010 Qtr

243 218

158 201

66 964

468 383

Gold produced (kg)

Sep 2010 Qtr

942

745

343

2 030

Jun 2010 Qtr

830

749

338

1 917

Total cash operating costs (R/kg)

Sep 2010 Qtr

287 668

229 740

229 015

256 498

Jun 2010 Qtr

293 034

211 216

198 118

244 331

Total cash operating costs (US$/oz)

Sep 2010 Qtr

1 216

972

968

1 084

Jun 2010 Qtr

1 204

869

815

1 004

DIRECTORS

(*British)(**American)

Cason dump currently retreated at Crown Gold Recoveries