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 2011

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 February 2011, incorporated
by reference herein:

Exhibit

99.1   Release dated February 10, 2011, entitled “DRDGOLD TO DEVELOP SEPARATE
         INVESTMENT OPPORTUNITIES FOR ITS SURFACE AND UNDERGROUND
         OPERATIONS”.

99.2   Release dated February 10, 2011, entitled” INTERIM REPORT TO SHAREHOLDERS
         FOR THE QUARTER AND SIX MONTHS ENDED 31 DECEMBER 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: February 14, 2011

By: /s/ Themba Gwebu

Name: Themba Gwebu
Title: Company Secretary

Exhibit 99.1

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
(“DRDGOLD”)

DRDGOLD to develop separate investment opportunities for its surface and underground
operations

Further to the announcement published on SENS on 14 January 2011 regarding DRDGOLD’s
change in its group structure in order to better distinguish between its surface retreatment and
underground operations, the board of directors of DRDGOLD (“the Board”) has concluded that
because of the fundamental differences between its surface and underground operations, the
company can maximize shareholder value through the development of separate investment
opportunities. The Board has therefore resolved to appoint a corporate advisor to assist in taking the
process forward.

Roodepoort
10 February 2011

Sponsor
One Capital

Report to shareholders for the quarter and six months
ended 31 December 2010

KEY FEATURES FOR THE QUARTER

Gold production up 6%

Cash operating unit costs down 11%

Operating profit up 118% to R151.5 million

Cash operating margin from surface operations increases to 37%

Headline earnings improve to R33.6 million from a previous quarter ‘s loss of R3 million

EBITDA up 214% to R111.5 million

GROUP RESULTS

Review of operations

Quarter

6 months to

Group

Dec 2010

Sep 2010

Change

Dec 2009

31 Dec 2010

30 Jun 2010

Change

31 Dec 2009

Gold production

69 446

65 267

59 866

134 713

124 036

117 158

2 160

2 030

1 862

4 190

3 858

3 644

Gold production sold

69 446

69 607

–

59 866

139 053

119 697

119 730

2 160

2 165

–

1 862

4 325

3 723

3 724

Cash operating costs

US$ per oz

1 030

1 084

(5)

925

1 056

958 10

946

ZAR per kg

229 560

256 498

(11)

223 653

242 611

232 794

233 448

Gold price received

US$ per oz

1 358

1 218

1 106

1 288

1 157

1 028

ZAR per kg

303 495

288 054

268 302

295 766

280 888

253 700

Capital expenditure

US$ million

11.1

8.1 37 4.2

19.2

13.1 47

12.4

ZAR million

77.6

59.4 31

30.9

137.0

98.8 39

95.1

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:
408 044 827

Stock traded

JSE

NASDAQ*

Average volume for the quarter per day ('000)

505

1 028

% of issued stock traded (annualised)

Price

• High

R3.82

$0.565

• Low

R3.04

$0.460

• Close

R3.40

$0.487

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

(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”)

Overview

Dear shareholder

Safety, health and environment

Blyvooruitzicht Gold Mining Company ("Blyvoor") managed another quarter without serious injuries or fatalities related to the fall of

ground or seismicity. Sadly though, in December, proto team captain Mr Hugh du Plooy succumbed to suspected heat stroke during a

reconnaissance exercise and passed away in hospital a day later.

There were no fatalities or serious injuries at Crown Gold Recoveries (Pty) Limited ("Crown") (including Ergo) during the quarter.

On the occupational health front, the dust-suppressing fogger installed underground at Blyvoor has proved to be a tremendous success;

consequently, a second fogger has been installed and a third is being designed currently.

During the quarter Group operations spent some R16.4 million on environmental management and rehabilitation.

Production

Total gold production increased by 6% to 69 446oz, reflecting continued improvement at Blyvoor’s underground operation and steady

performance at both the Crown and Ergo surface retreatment operations. Some 65% of total gold production was from surface retreatment.

Total gold production sold was virtually unchanged at 69 446oz.

Financial

Revenue for the quarter was 5% higher at R655.6 million due to higher gold production and a 5% improvement in the average Rand

gold price received to R303 495/kg. After accounting for total cash operating costs – 5% lower at R495.8 million due to no higher

winter tariff applied by power utility Eskom during the quarter’s summer months – operating profit was 118% higher at R151.5 million.

After accounting for an increase in the deferred tax provision of R34.3 million, a net profit of R41.7 million was recorded, compared with

a net loss of R8.3 million in the previous quarter.

Corporate activity

Subsequent to the end of the quarter under review, the DRDGOLD Group announced a change in its structure, in order to better

distinguish between its surface retreatment and underground operations. The intention is to develop two separate brands – Ergo (surface

retreatment) and DRDGOLD (underground) – and ultimately to create two separate investment opportunities.

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 2010, which we filed with the United States Securities and Exchange Commission on 29 October 2010 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.

Detailed operational review

Blyvoor

Total gold production rose by 8% to 32 601oz, reflecting a 1% increase in underground gold production to 24 563oz and a 32% increase
in surface gold production to 8 038oz.

Higher underground production resulted from a 6% increase in underground yield to 4.13g/t, a consequence of continuing grade
improvement at No 5 Shaft. Total underground throughput was 4% lower at 185 000t due to two hoisting incidents at No 5 Shaft which
resulted in the loss of 10 shifts.

Comparison of certain key parameters show the extent of recovery in the mine’s underground operations since the major damage caused
by seismicity during the last quarter of the 2009 financial year:

in December 2010 total face length mined was 2 167m compared with 1 930m in December 2009 – a 12% improvement;

in December 2010 recovered grade was 4.66g/t compared with 3.81g/t in December 2009 – a 22% improvement;

per capita output per in-stope employee for the December 2010 quarter was 17.6m compared with 13.2m for the December

2009 quarter – a 33% improvement;

for calendar 2010, total underground gold production was 91 212oz compared with 78 674 oz for calendar 2009 – a 16% improvement.

Higher gold production from surface sources in the quarter under review reflected the impact of surface clean-up carried out in the
course of the mine’s rehabilitation programme. While slimes throughput was lower due to heavy summer rainfall hampering reclamation
operations, the higher grade clean-up material, totalling 23 000t, helped to lift total surface throughput by about 1% to 763 000t and
the average surface yield by 32% to 0.33g/t.

Total cash operating costs were 11% lower at R255 208/kg, due to higher gold production and relief from Eskom’s higher winter power
tariff. Underground cash operating costs were 7% lower at R300 914/kg and surface cash operating costs 17% lower at R115 532/kg.

Operating profit increased from R3.4 million in the previous quarter to R42.2 million, reflecting increased gold production, a higher Rand
gold price received and lower cash operating costs.

Capital expenditure was 13% higher at R21.6 million, and was directed mainly towards on-going underground development.

Crown

Gold production increased by 5% to 25 239oz. This was due to a 10% improvement in yield to 0.46g/t, reflecting higher grade
reclamation from the Cason Dump. Heavy summer rainfall impeded reclamation operations overall, and consequently throughput was
3% lower at 1 716 000t.

Cash operating costs were 9% lower at R208 694/kg due to higher gold production and a quarter free of Eskom’s higher winter
power tariff.

A 59% increase in operating profit to R74.6 million resulted from higher gold production, a higher average Rand gold price received and
lower cash operating costs.

Capital expenditure was 43% higher at R42.4 million reflecting continuing progress with the installation of the Crown/Ergo pipeline.
By the end of the quarter under review, delivery of all piping required for the project had been completed; some 7 000m of un-lined
piping, from Ergo’s Brakpan plant westward towards Crown, had been laid; and preparations for the retro-fitting of the high-durability
plastic lining for this section were well advanced.

Crown expects to conclude reclamation of the Top Star dump in central Johannesburg during the fourth quarter of the financial year,
after which its focus will shift to the 3A2 sand dump to the west of Johannesburg. This dump contains some 11.2Mt of material with
an average grade of 0.504g/t. Its reclamation, over a period of about four years, is expected to yield approximately 98 700oz.

DRDGOLD LIMITED Shareholder Report 2010

Ergo

Gold production increased by 5% to 11 606oz, a 20% increase in yield to 0.12g/t off-setting a 6% decline in throughput to 3 077 000t.
Higher yield resulted from a temporary suspension of reclamation from the lower-grade L29 dump in order to smooth reclamation
ramp-up from the Elsburg Tailings Complex. Lower throughput resulted from the negative impact of high summer rainfall on reclamation
operations.

Cash operating unit costs were 11% lower due to higher gold production and no Eskom power winter tariff during the quarter.

Cash operating profit was 82% higher at R34.7 million, reflecting higher gold production, a higher Rand gold price received and lower
cash operating costs.

Capital expenditure, 6% higher at R9.1 million, was directed mainly towards on-going rehabilitation work at the Brakpan tailings
deposition site and the restoration of the second carbon-in-leach (“CIL”) circuit at the Brakpan plant, which will increase the plant’s
treatment capacity to 1.8Mtpm.

Exploration

Zimbabwe

In Zimbabwe, of the five holes drilled at Leny, assaying indicates that four are mineralised. A significant result – 20g/t over 1m – was

obtained from one of these. Further analysis of results from the adjacent holes is under way to determine if there is a trend, and to

inform a decision regarding further core drilling.

Trenching has exposed quartz veins that have been assayed at 25-33g/t. The veins are being opened up to determine their extent and
mining potential. To treat the quartz material, we are investigating the addition of a milling stage and CIL circuit to the scrubber plant,
which was successfully commissioned during the quarter to treat gold-bearing rubble.

At Ascot, 15km north-east of Leny, an additional 27 exploration blocks have been acquired bringing the total to 31, covering more than
300ha. At Beatrice, 30km east of Leny, 22 claims covering more than 200ha have been secured. Magnetic and induced polarization
surveys over both areas have been scheduled.

Looking ahead

Barring any unforeseen circumstances, we expect the third quarter’s operating and financial results to be in line with those of the
quarter under review.

Niël Pretorius
Chief Executive Officer
10 February 2011

Condensed consolidated statement
of comprehensive income

Quarter

6 months to

Dec 2010

Sep 2010

Dec 2009 31 Dec 2010

30 Jun 2010 31 Dec 2009

Unaudited

Gold and silver revenue

655.6

623.6

499.6

1 279.2

1 045.7

944.8

Net operating costs

(504.1)

(554.2) (412.2)

(1 058.3)

(857.3) (861.6)

Cash operating costs

(495.8)

(520.7) (416.5)

(1 016.5)

(898.1) (850.7)

Movement in gold in process

(8.3)

(33.5) 4.3

(41.8)

40.8 (10.9)

Operating profit

151.5

69.4 87.4

220.9

188.4 83.2

Depreciation

(35.7)

(27.6) (45.2) (63.3)

(102.9) (87.9)

Movement in provision for environmental rehabilitation

(4.7)

(4.8) 0.1

(9.5)

96.3

(8.3)

Retrenchment costs

–

(0.4)

(18.1)

(0.4)

(0.8) (19.3)

Gross profit/(loss) from operating activities

111.1

36.6 24.2

147.7

181.0 (32.3)

Impairments

–

– – –

(6.2) –

Administration expenses and general costs

(31.4)

(32.5) (24.2) (63.9)

(46.1) (70.5)

Share-based payments

(1.2)

(0.6) (1.6) (1.8)

(1.8) (2.3)

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

(1.9)

(12.6) –

(14.5)

6.2 –

(Loss)/profit on disposal of assets

(2.7)

4.4

0.5

1.7

12.0 1.7

Profit on disposal of subsidiaries and joint venture

–

– – –

158.2 –

Finance income

10.9

5.3 6.1

16.2

12.9 14.5

Finance expenses

(6.7)

(3.6) (4.9)

(10.3)

(7.7) (8.0)

Profit/(loss) before taxation

78.1

(3.0) 0.1 75.1

308.5 (96.9)

Income tax

(2.1)

(3.6) (7.7) (5.7)

4.2 (14.5)

Deferred tax

(34.3)

(1.7) 14.0 (36.0)

(52.5) 54.5

Net profit/(loss) for the period

41.7

(8.3) 6.4 33.4

260.2 (56.9)

Attributable to:

Equity owners of the parent

31.6

0.3 5.4

31.9

250.8

(43.0)

Non-controlling interest

10.1

(8.6)

1.0

1.5

9.4

(13.9)

41.7

(8.3) 6.4 33.4

260.2 (56.9)

Other comprehensive income
Foreign exchange translation

–

– 0.1 –

(156.8) 0.3

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

–

– – –

5.2

–

Total comprehensive income/(loss) for the period

41.7

(8.3) 6.5 33.4

108.6 (56.6)

Attributable to:

Equity owners of the parent

31.6

0.3 5.5

31.9

97.9 (42.7)

Non-controlling interest

10.1

(8.6) 1.0

1.5

10.7

(13.9)

41.7

(8.3)

6.5

33.4

108.6 (56.6)

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

31.6

0.3 5.4

31.9

250.8 (43.0)

Adjusted for:

– Impairments

–

– – –

6.2 –

– Loss/(profit) on disposal of assets

2.7

(4.4)

(0.5)

(1.7)

(12.0)

(1.7)

– Profit on disposal of subsidiaries and joint venture

–

– – –

(158.2) –

– Non-controlling interest in headline earnings adjustment

(0.7)

1.1 0.5 0.4

6.3 0.5

Headline earnings/(loss)

33.6

(3.0)

5.4

30.6

93.1

(44.2)

Headline earnings/(loss) per share-cents

8.7

(0.8) 1.4 8.0

24.4 (11.7)

Basic earnings/(loss) per share-cents

8.2

0.1 1.4 8.3

65.8 (11.3)

Diluted headline earnings/(loss) per share-cents

8.7

(0.8) 1.4 8.0

24.4

(11.7)

Diluted basic earnings/(loss) per share-cents

8.2

0.1

1.4

8.3

65.8 (11.3)

Calculated on the weighted average ordinary shares issued of :

384 884 379 384 884 379 380 448 068 384 884 379 381 380 977 379 234 390

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

9.2

2.5 1.4

11.7

22.8 (11.7)

(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”), AC500 Standards as issued by the Accounting Practices Board, 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.

The financial information contained in this report has not been audited or reviewed by the compny’s external auditors unless otherwise stated.

DRDGOLD LIMITED Shareholder Report 2010

Condensed consolidated statement of financial position

As at

31 Dec 2010

30 Sep 2010

30 Jun 2010

31 Dec 2009

Unaudited

Audited

Unaudited

Assets
Property, plant and equipment

1 939.0

1 896.0

1 863.2

1 744.7

Non-current Investments and other assets

24.8

24.8 48.1 43.0

Environmental rehabilitation trust funds

131.1

129.3 126.1 138.2

Deferred tax asset

118.0

137.6 140.7 200.5

Current assets

446.4

396.2 402.1 401.9

Inventories

101.2

126.7 132.6 98.4

Trade and other receivables

96.5

107.9

66.3 125.7

Cash and cash equivalents

233.7

146.6 188.2 162.8

Assets classified as held for sale

15.0

15.0 15.0 15.0

Total assets

2 659.3

2 583.9

2 580.2

2 528.3

Equity and Liabilities
Equity

1 665.5

1 622.6

1 649.9

1 525.9

Equity of the owners of the parent

1 564.7

1 531.9

1 550.6

1 437.3

Non-controlling interest

100.8

90.7

99.3 88.6

Loans and borrowings

71.9

39.8 59.0

65.1

Post-retirement and other employee benefits

13.8

13.6 13.4 46.3

Provision for environmental rehabilitation

438.4

429.5

420.6

426.5

Deferred tax liability

181.4

166.7 168.1 175.5

Current liabilities

288.3

311.7

269.2 289.0

Trade and other payables

209.8

311.7 269.2 289.0

Loans and borrowings

78.5

–

Total equity and liabilities

2 659.3

2 583.9

2 580.2

2 528.3

Condensed consolidated statement
of changes in equity

Quarter

6 months to

Dec 2010

Sep 2010

Dec 2009

31 Dec 2010

30 Jun 2010

31 Dec 2009

Unaudited

Balance at the beginning of the period

1 622.6

1 649.9

1 502.5

1 649.9

1 525.9

1 584.0

Share capital issued

–

(0.4)

15.3

(0.4)

13.6 15.2

– for acquisition finance and cash

–

– 15.5

–

14.3 15.5

– for share options exercised

–

– 0.5

–

0.2

0.9

– for costs

–

(0.4)

(0.7)

(0.4)

(0.9)

(1.2)

Increase in share-based payment reserve

1.2

0.6 1.6 1.8

1.8 2.3

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

31.6

0.3 5.4

31.9

250.8 (43.0)

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

10.1

(8.6) 1.0 1.5

9.4 (13.9)

Dividends paid on ordinary share capital

–

(19.2) –

(19.2)

–

(19.0)

Other comprehensive income

–

0.1

–

(151.6)

0.3

Balance as at the end of the period

1 665.5

1 622.6

1 525.9

1 665.5

1 649.9

1 525.9

Condensed consolidated statement
of cash flows

Quarter

6 months to

Dec 2010

Sep 2010

Dec 2009

31 Dec 2010

30 Jun 2010

31 Dec 2009

Unaudited

Net cash in/(out)flow from operations

78.6

21.9 (7.2)

100.5

162.4 (108.8)

Net cash outflow from investing activities

(80.3)

(55.0) (30.9)

(135.3)

(131.3) (95.1)

Net cash in/(out)inflow from financing activities

88.8

(8.5)

(33.0)

80.3

(5.1) 12.9

Increase/(decrease) in cash and cash equivalents

87.1

(41.6)

(71.1)

45.5

26.0 (191.0)

Translation adjustment

–

– (0.4) –

(0.6)

0.2

Opening cash and cash equivalents

146.6

188.2

234.3

188.2

162.8 353.6

Closing cash and cash equivalents

233.7

146.6

162.8

233.7

188.2

162.8

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

78.1

(3.0) 0.1 75.1

308.5

(96.9)

Adjusted for:
Movement in gold in process

8.3

33.5

(4.3)

41.8

(40.8) 10.9

Depreciation and impairment

35.7

27.6

45.2

63.3

109.1 87.9

Movement in provision for environmental rehabilitation

4.7

4.8

(0.1)

9.5

(96.3) 8.3

Share-based payments

1.2

0.6 1.6 1.8

1.8 2.3

Loss/(profit) on financial liabilities measured at
amortised cost

1.9

12.6 –

14.5

(6.2) –

Loss/(profit) on disposal of assets

2.7

(4.4)

(0.5)

(1.7)

(12.0)

(1.7)

Profit on disposal of subsidiaries and joint venture

–

– – –

(158.2)

–

Finance expense and unwinding of provisions

3.0

3.1

6.0

5.2

5.6

Growth in environmental trust funds

(1.9)

(2.0)

(2.3)

(3.9)

(4.8)

(4.7)

Other non-cash items

0.3

(1.4)

0.5

(1.1)

(30.8) 5.5

Taxation paid

(5.8)

–

(12.1)

(5.8)

(0.5) (12.1)

Working capital changes

(49.6)

(49.4)

(38.4)

(99.0)

87.4 (113.9)

Net cash in/(out)flow from operations

78.6

21.9 (7.2)

100.5

162.4

(108.8)

Key operating and financial results (unaudited)

Total

Metric

Blyvoor

Crown

Ergo

Operations

Ore milled (t'000)

Underground

Dec 2010 Qtr

185

–

185

Sep 2010 Qtr

193

–

193

Dec

2010

Ytd

378 – –

378

Surface

Dec 2010 Qtr

763

1 716

3 077

5 556

Sep 2010 Qtr

759

1 774

3 285

5 818

Dec 2010 Ytd

1 522

3 490

6 362

11 374

Total

Dec 2010 Qtr

948

1 716

3 077

5 741

Sep 2010 Qtr

952

1 774

3 285

6 011

Dec 2010 Ytd

1 900

3 490

6 362

11 752

Yield (g/t)

Underground

Dec 2010 Qtr

4.13

–

4.13

Sep 2010 Qtr

3.90

–

3.90

Dec

2010

Ytd

4.01 – –

4.01

Surface

Dec 2010 Qtr

0.33

0.46

0.12

0.25

Sep 2010 Qtr

0.25

0.42

0.10

0.22

Dec

2010

Ytd 0.29 0.44 0.11

0.24

Total

Dec 2010 Qtr

1.07

0.46

0.12

0.38

Sep

2010

Qtr 0.99 0.42 0.10 0.34

Dec

2010

Ytd 1.03 0.44 0.11 0.36

Gold produced (kg)

Underground

Dec 2010 Qtr

764

–

764

Sep 2010 Qtr

753

–

753

Dec 2010 Ytd

1 517

–

1 517

Surface

Dec 2010 Qtr

250

785

361

1 396

Sep 2010 Qtr

189

745

343

1 277

Dec 2010 Ytd

439

1 530

704

2 673

Total

Dec 2010 Qtr

1 014

785

361

2 160

Sep 2010 Qtr

942

745

343

2 030

Dec 2010 Ytd

1 956

1 530

704

4 190

Cash operating costs (ZAR per kg)

Underground

Dec 2010 Qtr

300 914

–

300 914

Sep 2010 Qtr

324 898

–

324 898

Dec 2010 Ytd

312 819

–

312 819

Surface

Dec 2010 Qtr

115 532

208 694

202 892

190 510

Sep 2010 Qtr

139 339

229 740

229 015

216 165

Dec 2010 Ytd

125 781

218 942

215 619

202 767

Total

Dec 2010 Qtr

255 208

208 694

202 892

229 560

Sep 2010 Qtr

287 668

229 740

229 015

256 498

Dec 2010 Ytd

270 840

218 942

215 619

242 611

Cash operating costs (ZAR per tonne)

Underground

Dec 2010 Qtr

1 243

–

1 243

Sep 2010 Qtr

1 268

–

1 268

Dec 2010 Ytd

1 255

–

1 255

Surface

Dec

2010

Qtr 38 95 24 48

Sep

2010

Qtr 35 96 24 47

Dec

2010

Ytd 36 96 24 48

Total

Dec 2010 Qtr

273

Sep

2010

Qtr

285 96 24 87

Dec

2010

Ytd

279 96 24 87

Gold and Silver revenue (ZAR million)

Dec 2010 Qtr

307.4

238.4

109.8

655.6

Sep 2010 Qtr

297.0

218.1

108.5

623.6

Dec

2010

Ytd 604.4 456.5 218.3

279.2

Operating profit (ZAR million)

Dec 2010 Qtr

42.2

74.6

34.7

151.5

Sep

2010

Qtr 3.4 46.9 19.1 69.4

Dec

2010

Ytd 45.6 121.5 53.8 220.9

Capital expenditure (ZAR million)

Dec 2010 Qtr

21.6

42.4

9.1

73.1

Sep 2010 Qtr

19.1

29.6

8.6

57.3

Dec

2010

Ytd 40.7 72.0 17.7

130.4

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 4257/11

Key operating and financial results (unaudited) (continued)

Total

Imperial

Blyvoor

Crown

Ergo

Operations

Gold produced (oz)

Underground

Dec 2010 Qtr

24 563

–

24 563

Sep 2010 Qtr

24 210

–

24 210

Dec 2010 Ytd

48 773

–

48 773

Surface

Dec 2010 Qtr

8 038

25 239

11 606

44 883

Sep 2010 Qtr

6 077

23 952

11 028

41 057

Dec 2010 Ytd

14 115

49 191

22 634

85 940

Total

Dec 2010 Qtr

32 601

25 239

11 606

69 446

Sep 2010 Qtr

30 287

23 952

11 028

65 267

Dec 2010 Ytd

62 888

49 191

22 634

134 713

Cash operating costs (US$ per oz)

Underground

Dec 2010 Qtr

1 351

–

1 351

Sep 2010 Qtr

1 373

–

1 373

Dec 2010 Ytd

1 362

–

1 362

Surface

Dec

2010

Qtr 516 937 911 855

Sep

2010

Qtr 589 972 968 914

Dec

2010

Ytd

548

954 939 883

Total

Dec 2010 Qtr

1 145

937

911

1 030

Sep 2010 Qtr

1 216

972

968

1 084

Dec 2010 Ytd

1 179

954

939

1 056

Gold and silver revenue (US$ million)

Dec

2010

Qtr 44.2 34.4 15.8 94.4

Sep

2010

Qtr 40.4 29.7 14.8 84.9

Dec

2010

Ytd 84.6 64.1 30.6

179.3

Operating profit (US$ million)

Dec 2010 Qtr

5.9

10.7

4.9

21.5

Sep

2010

Qtr 0.5 6.4 2.6 9.5

Dec

2010

Ytd 6.4 17.1 7.5 31.0

Capital expenditure (US$ million)

Dec 2010 Qtr

3.1

6.2

1.3

10.6

Sep

2010

Qtr 2.6 4.0 1.2 7.8

Dec

2010

Ytd 5.7 10.2 2.5 18.4

Cash operating costs reconciliation

Total

R’000 unless otherwise stated

Blyvoor

Crown

Ergo

Operations

Total cash costs

Dec 2010 Qtr

272 136

173 879

78 244

524 259

Sep 2010 Qtr

300 597

180 960

89 815

571 372

Dec 2010 Ytd

572 733

354 839

168 059

1 095 631

Movement in gold in process

Dec 2010 Qtr

(6 472)

(79)

(1 776)

(8 327)

Sep 2010 Qtr

(22 560)

(14)

(10 898)

(33 472)

Dec 2010 Ytd

(29 032)

(93)

(12 674)

(41 799)

Less: Assessment rates, rehabilitation and other

Dec 2010 Qtr

2 313

5 859

2 559

10 731

Sep 2010 Qtr

2 272

5 673

(95)

7 850

Dec 2010 Ytd

4 585

11 532

2 464

18 581

Less: Retrenchment costs

Dec

2010

Qtr – – – –

Sep

2010

Qtr – – – –

Dec

2010

Ytd – – – –

Less: Corporate and general administration costs

Dec 2010 Qtr

4 570

4 116

665

9 351

Sep 2010 Qtr

4 782

4 117

460

9 359

Dec 2010 Ytd

9 352

8 233

1 125

18 710

Cash operating costs

Dec 2010 Qtr

258 781

163 825

73 244

495 850

Sep 2010 Qtr

270 983

171 156

78 552

520 691

Dec 2010 Ytd

529 764

334 981

151 796

1 016 541

Gold produced (kg)

Dec 2010 Qtr

1 014

785

361

2 160

Sep 2010 Qtr

942

745

343

2 030

Dec 2010 Ytd

1 956

1 530

704

4 190

Total cash operating costs (R/kg)

Dec 2010 Qtr

255 208

208 694

202 892

229 560

Sep 2010 Qtr

287 668

229 740

229 015

256 498

Dec 2010 Ytd

270 840

218 942

215 619

242 611

Total cash operating costs (US$/oz)

Dec 2010 Qtr

1 145

937

911

1 030

Sep 2010 Qtr

1 216

972

968

1 084

Dec 2010 Ytd

1 179

954

939

1 056

DIRECTORS (*British)(**American)