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 August 2012

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 August 2012, incorporated
by reference herein:

Exhibit

99.1 Release dated August 28, 2012, entitled “GROUP RESULTS FOR THE QUARTER AND
YEAR ENDED 30 JUNE 2012”.

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: August 28, 2012

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

(Incorporated in the Republic of South Africa) • Registration No.1895/000926/06
JSE share code: DRD • ISIN: ZAE 000058723 • Issuer code: DUSM
NYSE trading symbol: DRD • (“DRDGOLD” or “the Group”)

GROUP RESULTS FOR THE QUARTER AND
YEAR ENDED 30 JUNE 2012

STOCK

Issued capital

385 383 767 ordinary no par value shares

6 268 173 treasury shares held within the group

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and

committed: 398 740 179

Dividend declared of 10 cents per ordinary share, up 33%
Operating profit from continuing operations up 53% to R622.2 million
Headline earnings per share from continuing operations up 259% to
61 cents per share

Net cash flow from operations up 91% to R619.5 million
Ergo’s flotation/fine-grind project on track, to be completed in February 2013
Restructuring of surface retreatment operations completed
Blyvoor disposal completed

STOCK TRADED

JSE

NYSE*

Average volume for the quarter

per day (’000)

% of issued stock traded (annualised)

Price • High

• Low

• Close

610

R5.84
R4.70

R5.35

471

$0.743
$0.560

$0.655

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

KEY FEATURES

FOR THE YEAR

Review of operations

Quarter

% change

Quarter

12 months

% change

Group

Jun 2012

Mar 2012

Jun 2011 30 Jun 2012 30 Jun 2011

Gold production
Continuing operations

32 216

34 947

(8)

35 364

135 708

144 065

(6)

1 002

1 087

(8)

1 100

4 221

4 481

(6)

Discontinued operations

12 023

25 946

(54)

27 715

96 645

121 114

(20)

374

807

(54)

862

3 006

3 767

(20)

Group

44 239

60 893

(27)

63 079

232 353

265 179

(12)

1 376

1 894

(27)

1 962

7 227

8 248

(12)

Gold production sold
Continuing operations

29 966

34 947

(14)

33 436

135 419

143 585

(6)

932

1 087

(14)

1 040

4 212

4 466

(6)

Discontinued operations

10 737

25 946

(59)

27 714

95 359

124 005

(23)

334

807

(59)

862

2 966

3 857

(23)

Group

40 703

60 893

(33)

61 150

230 778

267 590

(14)

1 266

1 894

(33)

1 902

7 178

8 323

(14)

cash operating costs
Continuing operations

US$ per oz

1 161

1 074

1 057

1 096

973

ZAR per kg

302 221

267 044

230 270

272 778

218 867

Discontinued operations

US$ per oz

1 590

1 391

1 573

1 404

1 290

ZAR per kg

432 307

346 875

344 006

350 032

289 870

Group

US$ per oz

1 278

1 209

1 283

1 223

1 119

ZAR per kg

337 579

301 059

280 240

304 912

251 296

Gold price received

US$ per oz

1 575

1 691

(7)

1 522

1 679

1 372

ZAR per kg

421 834

421 420

–

331 372

418 538

308 221

capital expenditure

US$ million

11.7

8.0

13.8

41.1

45.3

(9)

ZAR million

94.6

62.2

93.6

319.1

315.8

DRDGOLD Limited Shareholder Report 2012

Dear shareholder

We have ended the year with numerous achievements under our belt. Operating profit from continuing operations was 53% higher year on year at R622.2

million, contributing to a 259% increase in headline earnings per share from continuing operations (“HEPs”) to 61 south African (“sA”) cents. Net cash

flow from operations rose by 91% to R617.5 million. We have declared a dividend of 10 sA cents per ordinary share for the year – our fifth successive
annual dividend declaration.

Completion and commissioning of the R350 million Ergo plant upgrade to a volume capacity of 1.8 million tonnes per month and of the Crown-
Ergo pipeline facilitated full consolidation of our surface retreatment footprint. Amid several changes, including the phasing out of two plants, the
commissioning of two new reclamation sites and phasing out of two depleted sites, including the very lucrative Top star dump, we were encouraged by
the final production number from this operation of 135 708oz, 3% short of the lower end of our steady-state annual target.

Work began, and is now well advanced, on the flotation/fine-grind circuit at the Brakpan plant. This is funded in part by R111 million raised through a

Domestic Medium-Term Note Programme.

We have completed Part A of the disposal of our 74% interest in Blyvooruitzicht Gold Mining Company Limited (“Blyvoor”) to Village Main Reef Limited

(“Village”) settled in 85 714 286 Village shares. We stated earlier that our goal was to transfer Blyvoor to an experienced operator – we believe that the

Village team is just that, and that this will show in the performance of their stock, of which we now hold just under 9%.

We also re-invested just under R58 million of surplus cash, part of which was made up of the proceeds of the working capital adjustment owed by Village

to DRDGOLD to repurchase a total of 9 852 800 million DRDGOLD ordinary shares.

We are also very grateful that, for the fifth consecutive quarter, we have avoided mining-related fatalities, and in fact achieved a significant 180 days lost

time injury free shifts at our Crown and Knights plant. Sadly though, a member of the personnel of our security contractor, Emanuel Zama Rikhothso,
passed away from inhaling fumes from a wood fire contained in a metal drum while he was on duty in an enclosed shelter. A detailed account of our safety,
health and environmental performance in Fy2012 is contained in our sustainable Development Report for the year, scheduled for publication around the
end of september 2012.

RESERVES AND RESOURCES

DRDGOLD’s total attributable mineral reserves and resources in FY2012 were both lower – the former at 1.8Moz and the latter at 37.6Moz – due to the
disposal of Blyvoor.

The FY2012 reserve and resource information was prepared in compliance with the South African Code for Reporting Exploration Results, Mineral Resource

and Mineral Reserves (“SAMREC”) by DRDGOLD’s designated competent person, C Mervin Brett, who is a part-time employee of DRDGOLD.

CORPORATE ACTIVITY

During the quarter we announced a restructuring of DRDGOLD, the effect of which is to consolidate into one operating entity, Ergo Mining (Pty) Ltd
(“Ergo”), all of our surface retreatment operations. Ergo and East Rand Proprietary Mines Limited (“ERPM”) are now both 100% held by Ergo Mining
Operations (Pty) Ltd (“EMO”), which, in turn, is 74% held by DRDGOLD, 20% by our black economic empowerment (“BEE”) partner, Khumo Gold SPV
(Pty) Ltd and 6% by the DRDSA Empowerment Trust.

The new structure is considerably simpler, maintains DRDGOLD’s full compliance with the BEE equity requirements of the Mining Charter, and is expected

to result in improved operational synergies and cost savings.

Detailed operational review

CONTINUING OPERATIONS (“ERGO”)

Q4 2012 v Q3 2012

Gold production was down 8% at 32 216oz from the previous quarter as a result of a 2% drop in output and a 5% decline in yield. These were as a
result of the final de-commissioning of the Crown plant, and the phasing of its volumes into the Ergo plant, as well as design upgrades in the Crown-Ergo
pipeline to better manage the pressure dynamics of the column. Cash operating costs rose by 13% to R302 221/kg due both to lower gold production
and substantially higher electricity costs. A 16.7% increase in the cost of electricity by power utility Eskom came into effect in April and its winter tariff, in
effect a premium of 60%, applied in June. Operating profit was down from R162.2 million to R114.8 million. The average Rand gold price received for the
quarter remained virtually unchanged at R421 834/kg. Capital expenditure, was R82.5 million, spent mainly on on-going development of the flotation/
fine-grind project at the Brakpan plant.

Q4 2012 v Q4 2011

While throughput in the quarter under review was 1% up from the 5 451 000t recorded in the comparable quarter of 2011, grade was 10% down from

0.20g/t, resulting in a 10% decline in gold production, from 35 364oz. Key factors contributing to the decline in grade were conclusion of reclamation

from the higher-grade Top Star and Mennells dumps and the start of reclamation from the lower-grade 4L42 and 3A2 dumps. Cash operating costs were

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 2011, which we filed with the United States Securities and Exchange Commission on 28 October
2011 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.

up 31% from R230 270/kg, a consequence both of lower gold production and the higher cost of electricity and wages. Operating profit was up 3% from
R111.6 million due to the higher Rand gold price received.

FY2012 v FY2011

Gold production was 6% lower year on year at 135 708oz; while volume increased to 21 603 000t, there was a 9% decrease in grade to 0.20g/t.
Lower grade was a consequence of the afore-mentioned conclusion of reclamation from the high-grade Top Star and Mennells dumps and the start of
reclamation from the lower-grade 4L42 and 3A2 dumps. A 25% increase in unit cash operating costs to R272 778/kg resulted mainly from lower gold
production and increases in the cost of electricity and wage increases. Operating profit was 53% higher at R622.2 million, mainly due to a 36% increase
in the Rand gold price received to R418 538/kg. Capital expenditure was 15% higher at R236.2 million (FY2011: R205.3 million), reflective mainly of
continued investment in development of the Ergo infrastructure to improve recoveries through the flotation/fine-grind project.

DISCONTINUED OPERATION (BLYVOOR)

The sale of DRDGOLD’s 74% interest in its discontinued operation, Blyvoor, was completed in May 2012 and therefore the results for the quarter are for

the months of April and May only. Consequently, results for the quarter are not comparable with those of the previous quarter, or with Q4 2011. Similarly,

results for Fy2012 are not comparable with those of Fy2011.

ZIMBABWE

Exploration activity during the quarter remain focused on the John Bull, Leny and Ascot targets at Norton on the Zimbabwe Greenstone Belt; the KT target
at Gweru; and the Guinea Fowl River alluvial target. At John Bull, trenching revealed a high of 24.5g/t with strike lengths of more than 600m. Three of
six drill holes were completed, the third of which intersected two promising areas, 50 cm and 5m thick respectively. At Leny, diamond drilling has been
completed. An intersection of 7.7g/t over 60cm will be followed up. A geochemical survey has shown interesting results and will need to be followed up
with a further survey over a smaller grid and, possibly, drilling. At Ascot, geophysical and geochemical surveys are being undertaken. At KT, drilling results
point to narrow quartz vein mineralisation and need for follow-up. At Guinea Fowl River, a pilot recovery programme has begun.

DIVIDEND

The board has approved and declared a final dividend of 10 sA cents per ordinary share (gross) in respect of the year ended 30 June 2012.

The dividend will be subject to the new Dividends Tax that was introduced with effect from 1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x)

and 11.17(c) of the JSE Listings Requirements the following additional information is disclosed:

– The dividend has been declared out of income reserves;
– The local Dividends Tax rate is 15% (fifteen per centum);
– There are no Secondary Tax on Companies (STC) credits to be utilised;
– The gross local dividend amount is 10 SA cents per ordinary share for shareholders exempt from the Dividends Tax;
– The net local dividend amount is 8.5 SA cents per ordinary share for shareholders liable to pay the Dividends Tax;
– DRDGOLD currently has 385 383 767 ordinary shares in issue (which includes 6 268 173 treasury shares); and
– DRDGOLD’s income tax reference number is 9160/013/60/4.

In compliance with the requirements of Strate, given the company’s primary listing on the JSE Limited, the salient dates for payment of the dividend are
as follows:

2012

Last date to trade ordinary shares cum dividend

Friday, 5 October

Ordinary shares trade ex dividend

Monday, 8 October

Record date

Friday, 12 October

Payment date

Monday, 15 October

On payment date, dividends due to holders of certificated securities on the south African share register will either be electronically transferred to the
shareholders’ bank accounts or, in the absence of suitable mandates, dividend cheques will be posted to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to shareholders’ accounts with the relevant CSDP or broker.

To comply with the further requirements of strate, between Monday, 8 October 2012 and Friday 12 October 2012, both days inclusive, no transfers

between the south African and any other share register will be permitted and no ordinary shares pertaining to the south African share register may be
dematerialised or rematerialised.

The currency conversion date for the Australian and united Kingdom registers will be Monday, 15 October 2012.

To holders of American Depository shares

Each American Depository share (“ADs”) represents ten ordinary shares

2012

ADSs trade ex dividend on NYSE

Wednesday, 10 October

Record date

Friday, 12 October

Approximate date for currency conversion

Friday, 19 October

Approximate payment date of dividend

Monday, 29 October

Assuming an exchange rate of R8.31/$1, the dividend payable on an ADS is equivalent to 12.03 US cents. However, the actual rate of payment will depend

on the exchange rate on the date for currency conversion.

LOOKING FORWARD

In order to deliver into the targets we have set for ourselves and the expectations we have created, we need to deliver into two key imperatives –
maintaining volume delivery of tonnes to plant, and getting the flotation/fine-grind circuit operational before the end of this financial year. These will
remain our key priorities for the current fiscal year.

We also believe that the biggest long-term upside still lies in improving recoveries and that there is room for improvement over and above the improvements

the flotation/fine-grind circuit promises. We will therefore continue with research and development to further enhance metallurgical efficiency.

There are a growing number of sustainable development initiatives that are integral to our day-to-day activities and that are becoming strategically

significant. By way of example, the amount of water we use requires intelligent and innovative water consumption strategies and initiatives. Manufactured
capital is deployed increasingly to reduce our carbon footprint and EBDA, our business development academy, has made the step-change from a quasi-
charitable and mechanical compliance institution to one that develops real human and social capital.

Going forward, we can leverage the expertise developed over years that enable us to recycle tailings profitably, to consider expanding into other areas of
reclamation and recovery. To the extent that we can do this, without violating the objects of sustainable development or our strategic commitment to
low risk and high margins, it may well offer an exciting new strategic course.

Niël Pretorius

– Chief Executive Officer

28 August 2012

DRDGOLD Limited Shareholder Report 2012

The condensed consolidated preliminary financial statements are prepared in accordance with the recognition and measurement principles of International

Financial Reporting Standards (“IFRS”) and presented in accordance with the minimum content, including disclosures, prescribed by IAS 34 Interim
Financial Reporting applied to year end reporting and South African Statements and Interpretations of Statements of Generally Accepted Accounting
Practice (AC 500 Series). The accounting policies adopted are in line with IFRS and are consistent with those applied in the annual financial statements
for the year ended 30 June 2011.

The condensed consolidated financial statements of DRDGOLD Limited for the year ended 30 June 2012 have been reviewed by Mr R Davel of KPMG Inc,

the group’s auditor. In their review report dated 28 August 2012, which is available for inspection at the Company’s Registered Office, KPMG Inc state that
their review was conducted in accordance with the International Standard of Review Engagements 2410, Review of Interim Information Performed by the
Independent Auditor of the Entity, which applies to a review of group preliminary financial information, and have expressed an unmodified conclusion on
the condensed consolidated preliminary financial statements.

CONDENSED CONSOLIDATED

Quarter

12 months to

Statement of comprehensive income

Jun 2012

Mar 2012

Jun 2011

30 Jun 2012

30 Jun 2011

Notes

Unaudited

unaudited

Reviewed

continuing operations
Gold and silver revenue

393.5

458.3

344.6

1 764.2

1 379.5

Net operating costs

(278.7)

(296.1)

(233.0)

(1 142.0)

(972.5)

Cash operating costs

(302.8)

(290.3)

(253.3)

(1 151.4)

(980.8)

Movement in gold in process

24.1

(5.8)

20.3

9.4

8.3

Operating profit

114.8

162.2

111.6

622.2

407.0

Depreciation

(29.7)

(31.7)

(27.7)

(119.2)

(98.3)

Movement in provision for environmental rehabilitation

(36.6)

(9.8)

(30.1)

(59.5)

(47.0)

Retrenchment costs

–

(0.8)

Net operating profit

48.5

120.7

53.8

443.5

260.9

Impairments

(1.1)

–

(1.1)

(1.1)

(1.1)

Environmental rehabilitation costs

(10.0)

(13.5)

(15.8)

(47.3)

(41.5)

Corporate, administration and other expenses

(45.0)

(32.5)

(40.9)

(130.1)

(105.9)

share-based payments

(0.6)

(0.8)

(0.3)

(3.1)

(2.9)

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

–

3.5

(7.1)

(10.2)

(Loss)/profit on disposal of assets

(9.6)

–

1.6

(9.6)

3.3

Finance income

7.8

5.9

24.5

23.2

Finance expenses

0.1

(2.8)

2.9

(8.7)

(12.6)

(Loss)/profit before taxation

(9.9)

77.0

9.6

261.0

113.2

Income tax

8.6

(11.2)

(0.4)

(17.0)

(6.3)

Deferred tax

77.7

(8.3)

11.9

9.0

(23.4)

Profit after taxation

76.4

57.5

21.1

253.0

83.5

Discontinued operations
(Loss)/profit for the period from discontinued operations

(1.5)

6.9

17.6

134.5

47.7

Loss on sale of subsidiary

(10.5)

–

(10.5)

–

Impairments from discontinued operations

–

(546.6)

–

(546.6)

Net profit/(loss) for the period

64.4

64.4

(507.9)

377.0

(415.4)

Attributable to:
Equity owners of the parent

58.1

49.9

(367.9)

308.7

(287.9)

Non-controlling interest

6.3

14.5

(140.0)

68.3

(127.5)

64.4

64.4

(507.9)

377.0

(415.4)

Other comprehensive income
Foreign exchange translation and other

(2.2)

1.4

0.8

(4.0)

0.8

Net gain on disposal of an available-for-sale financial asset
reclassified to profit or loss

(6.7)

–

(6.7)

–

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

19.2

–

0.3

19.2

0.3

Total comprehensive income for the period

74.7

65.8

(506.8)

385.5

(414.3)

Attributable to:
Equity owners of the parent

69.4

51.3

(366.9)

318.2

(286.9)

Non-controlling interest

5.3

14.5

(139.9)

67.3

(127.4)

74.7

65.8

(506.8)

385.5

(414.3)

Reconciliation of headline earnings
Net profit/(loss)

58.1

49.9

(367.9)

308.7

(287.9)

Adjusted for:
– Impairments

1.1

–

547.7

1.1

547.7

– Loss/(profit) on disposal of assets

9.6

–

(1.6)

9.6

(3.3)

– Loss on sale of subsidiary

10.5

–

10.5

–

– Net gain on disposal of an available-for-sale financial asset

reclassified from equity

(6.7)

–

(6.7)

–

– Non-controlling interest in headline earnings adjustment

4.9

–

(150.0)

4.9

(149.6)

– Taxation thereon

1.7

–

0.8

1.7

0.8

Headline earnings

79.2

49.9

29.0

329.8

107.7

Headline earnings per share-cents
– From continuing operations

– From total operations

Basic earnings/(loss) per share-cents
– From continuing operations

– From total operations

(96)

(75)

Diluted headline earnings per share-cents

Diluted basic earnings/(loss) per share-cents

(96)

(75)

Calculated on the weighted average ordinary shares issued of :

382 373 999

384 229 290

384 884 379 384 169 915

384 884 379

cONDENSED cONSOLIDATED

Quarter

Quarter 12months to 12 months to

Statement of changes in equity

Jun 2012

Mar 2012

Jun 2011

30 Jun 2012

30 Jun 2011

Unaudited

Unaudited

Reviewed

Reviewed

Balance at the beginning of the period

1 482.7

1 439.0

1 725.1

1 219.2

1 649.9

share capital issued

(0.5)

–

1.3

(0.7)

– for share options exercised

–

1.8

–

– for costs

(0.5)

–

(0.5)

(0.7)

Increase in share-based payment reserve

1.4

0.8

0.9

4.1

3.5

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

58.1

49.9

(367.9)

308.7

(287.9)

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

6.3

14.5

(140.0)

68.3

(127.5)

Disposal of subsidiary attributable to non-controlling interest

97.5

–

97.5

–

Dividends paid on ordinary share capital

–

(28.9)

(19.2)

Treasury shares acquired

(21.9)

(22.9)

–

(44.8)

–

Other comprehensive income

10.3

1.4

1.1

8.5

1.1

Balance as at the end of the period

1 633.9

1 482.7

1 219.2

1 633.9

1 219.2

cONDENSED cONSOLIDATED

As at

Statement of financial position

30 Jun 2012 31 Mar 2012 30 June 2011

Notes

Reviewed

Unaudited

Reviewed

Assets
Non-current assets

2 021.6

1 735.2

1 778.6

Property, plant and equipment

1 641.6

1 584.2

1 550.1

Non-current investments and other assets

176.1

10.8

25.1

Environmental rehabilitation trust funds and investments

165.6

104.8

134.2

Deferred tax asset

38.3

35.4

69.2

Current assets

470.6

798.5

510.0

Inventories

105.8

81.6

122.9

Trade and other receivables

66.3

118.6

128.0

Cash and cash equivalents

298.5

379.8

259.1

Assets classified as held-for-sale

–

218.5

–

Total assets

2 492.2

2 533.7

2 288.6

Equity and liabilities
Equity

1 633.9

1 482.7

1 219.2

Equity of the owners of the parent

1 497.2

1 448.8

1 247.3

Non-controlling interest

136.7

33.9

(28.1)

Non-current liabilities

597.3

628.2

659.4

Loans and borrowings

–

40.4

Post-retirement and other employee benefits

6.0

5.9

6.3

Provision for environmental rehabilitation

504.3

464.9

490.2

Deferred tax liability

87.0

157.4

122.5

Current liabilities

261.0

422.8

410.0

Trade and other payables

230.3

239.9

330.7

Loans and borrowings

30.7

30.6

79.3

Liabilities classified as held-for-sale

–

152.3

–

Total equity and liabilities

2 492.2

2 533.7

2 288.6

DRDGOLD Limited Shareholder Report 2012

Notes to the financial statements

1. DISCONTINUED OPERATIONS

On 8 November 2011, DRDGOLD announced the acceptance of an expression of interest (“EOI”) from Village for the acquisition of DRDGOLD’s entire

interest in and claims against Blyvoor for R1 and 85 714 286 new ordinary shares of Village. Pursuant to the EOI, DRDGOLD, Village and Business Venture

Investments No 1557 (Pty) Ltd (a wholly owned subsidiary of Village) (“Purchaser”) entered into a sale of shares and claims agreement on 11 February

2012. Part A of the agreement was completed on 1 June 2012.

65 714 286 of the Consideration Shares will be held directly by DRDGOLD with a restriction on the sale of these shares for a period of six months

commencing 2 May 2012, whilst the remaining 20 000 000 Consideration Shares will be held in escrow pending the outcome of the conditions precedent

applicable to the Part B of the sale agreement.

CONDENSED CONSOLIDATED

Quarter

12 months to

Statement of cash flows

Jun 2012

Mar 2012

Jun 2011

30 Jun 2012

30 Jun 2011

Unaudited

Unaudited

Reviewed

Reviewed

Net cash inflow from operations

116.2

141.5

103.0

619.5

323.9

Net cash outflow from investing activities

(171.5)

(67.8)

(114.6)

(411.6)

(335.1)

Net cash (out)/inflow from financing activities

(26.0)

(23.1)

1.3

(168.5)

81.3

Loans and other

(4.1)

(0.2)

1.3

(77.6)

132.2

Treasury shares acquired

(21.9)

(22.9)

–

(44.8)

–

Dividends paid to owners of the parent

–

(28.9)

(19.2)

Dividends paid to non-controlling interest holders

–

(17.2)

(31.7)

(Decrease)/increase in cash and cash equivalents

(81.3)

50.6

(10.3)

39.4

70.1

Translation adjustment

–

0.8

–

0.8

Opening cash and cash equivalents

379.8

329.2

268.6

259.1

188.2

Closing cash and cash equivalents

298.5

379.8

259.1

298.5

259.1

Reconciliation of net cash inflow from operations

(Loss)/profit before taxation

(9.9)

77.0

9.6

261.0

113.2

(Loss)/profit from discontinued operations

(1.5)

6.9

(532.7)

134.5

(496.4)

(11.4)

83.9

(523.1)

395.5

(383.2)

Adjusted for:

Movement in gold in process

(35.1)

7.0

(30.6)

(14.7)

15.6

Depreciation and impairment

29.1

33.4

582.6

122.0

678.6

Movement in provision for environmental rehabilitation

36.5

10.8

35.3

59.2

52.6

share-based payments

1.4

0.8

0.9

4.1

3.5

(Gain)/loss on financial liabilities measured at amortised cost

–

(33.5)

7.1

(17.1)

Loss/(profit) on disposal of assets

9.6

–

(1.6)

9.6

(3.3)

Finance expense and unwinding of provisions

(0.6)

2.3

0.8

7.3

9.4

Growth in Environmental Trust Funds

(2.8)

(1.9)

(2.8)

(8.3)

(8.4)

Other non-cash items

(5.7)

0.1

(11.9)

(8.5)

(14.3)

Taxation paid

(7.1)

(1.7)

(0.4)

(17.3)

(6.2)

Working capital changes

102.3

6.8

87.3

63.5

(3.3)

Net cash inflow from operations

116.2

141.5

103.0

619.5

323.9

Quarter

Quarter 11 months to 12 months to

Results of discontinued operation

Jun 2012

Mar 2012

Jun 2011 31 May 2012

30 Jun 2011

Unaudited

Unaudited

Reviewed

Reviewed

Gold and silver revenue

140.6

339.8

285.6

1 240.1

1 185.8

Net operating costs

(150.7)

(281.1)

(286.2)

(1 046.9)

(1 115.8)

Operating (loss)/profit

(10.1)

58.7

(0.6)

193.2

70.0

Depreciation

1.7

(1.8)

(7.2)

(1.7)

(32.6)

Movement in provision for environmental rehabilitation

0.1

(1.0)

(5.2)

0.3

(5.6)

Retrenchment cost

(1.5)

(42.2)

–

(43.7)

–

Net operating (loss)/profit

(9.8)

13.7

(13.0)

148.1

31.8

Impairments

–

(546.6)

–

(546.6)

Other income/(cost)

8.3

(6.8)

26.9

(13.6)

18.4

(Loss)/profit before taxation

(1.5)

6.9

(532.7)

134.5

(496.4)

Taxation

–

3.7

–

(2.5)

(Loss)/profit after taxation

(1.5)

6.9

(529.0)

134.5

(498.9)

cash flow from/(used in) discontinued operations
Net cash generated by operating activities

2.3

20.2

24.6

137.1

89.4

Net cash used in investing activities

(12.1)

(21.0)

(27.1)

(82.9)

(67.8)

Net cash from financing activities

–

Net cash (used in)/from for the period

(9.8)

(0.8)

(2.5)

54.2

21.6

2. CASH AND CASH EQUIVALENTS

Included in cash and cash equivalents is restricted cash of R68.6 million (FY2011: R75.6 million).

3. LOANS AND BORROWINGS

Included in loans and borrowings is a Domestic Medium Term Note Programme (“DMTN Programme”) under which DRDGOLD could from time to time issue

notes. R108 million was issued on 1 October 2010, consisting of R78 million and R30 million respectively, under the DMTN Programme and the different notes

issued mature 12 and 24 months from the date of issue and bear interest at the three month Johannesburg Inter-bank Acceptance Rate (“JIBAR”) plus a margin

ranging from 4% to 5% per annum. The DMTN Programme is unsecured. During the year, DRDGOLD repaid the amount of R78 million.

4. SUBSEQUENT EVENTS
New DMTN programme

DRDGOLD issued notes totalling R111 million on 2 July 2012, consisting of R66 million and R45 million respectively, under the new DMTN Programme.

The different notes issued mature 24 and 36 months from the date of issue and bear interest at the three month JIBAR plus a margin ranging from 4.5%

to 5% per annum. The DMTN Programme is unconditionally guaranteed by the Group.

Restructuring of all surface operations

On 3 July 2012, DRDGOLD announced the restructuring of the group’s surface operations into Ergo in order to improve synergies, effect cost savings and
have a simpler group structure. Ergo is a wholly-owned subsidiary of EMO. EMO is 74% held by DRDGOLD, 20% by its black economic empowerment
(“BEE”) partner, Khumo Gold SPV (Pty) Ltd (“Khumo Gold”) and 6% by the DRDSA Empowerment Trust.

Various transactions to give effect to the restructuring have been entered into, in terms of which:

•

DRDGOLD sold its 35% direct interest in the ErgoGold unincorporated partnership (ErgoGold – previously the Elsburg Gold Mining Joint Venture) to
Ergo for R200 million on loan account;

•

Crown Gold Recoveries (Pty) Ltd (“Crown”) sold its mining assets (excluding its 50% interest in Ergo), mining and prospecting rights and certain
liabilities to Ergo in exchange for shares in Ergo;

•

ERPM sold all of its surface mining assets (excluding its 50% interest in Ergo) and its 65% interest in ErgoGold to Ergo in exchange for shares in Ergo; and

•

Crown and ERPM will distribute their entire holdings in Ergo to sole shareholder EMO.

Consequently, EMO will hold 100% of Ergo.
All conditions for DRDGOLD’s disposal of its 35% direct ErgoGold interest have been met. The ERPM and Crown disposals are subject to the consent of
the Minister of Mineral Resources in terms of section 11 of the MPRDA.

5. CONTINGENT LIABILITY

The case of Mr Thembekile Mankayi v AngloGold Ashanti Limited (“AngloGold”) regarding litigation in terms of the Occupational Diseases in Mines and

Works Act (“ODIMWA”) was heard in the High Court of South Africa in June 2008, and an appeal heard in the Supreme Court of Appeals in 2010. In both

instances judgment was awarded in favour of AngloGold. A further appeal that was lodged by Mr Manyaki was heard in the Constitutional Court in 2010.

Judgment in the Constitutional Court was handed down in March 2011. The judgment allows Mr Mankayi’s executor to proceed with the case in the High

Court of South Africa. Should anyone bring similar claims against DRDGOLD or any of its subsidiaries in future, those claimants would need to provide
evidence proving that silicosis was contracted while in the employment of the company and that it was contracted due to negligence on the company’s
part. The link between the cause (negligence by the company while in its employ) and the effect (the silicosis) will be an essential part of any case. It is
therefore uncertain as to whether the company will incur any costs related to silicosis claims in the future and due to the limited information available on
any claims and potential claims and the uncertainty of the outcome of these claims, no estimation can be made for the possible obligation.

KEY OPERATING AND FINANCIAL RESULTS
(Unaudited)

Metric

Imperial

continuing

operations

Discontinued

operations*

Total

operations

continuing

operations

Discontinued

operations*

Total

operations

Ore milled (t’000)

underground Jun 2012 Qtr

–

Mar 2012 Qtr

–

135

–

149

Jun 2012 ytd

–

569

–

627

surface Jun 2012 Qtr

5 525

430

5 955

6 090

474

6 564

Mar 2012 Qtr

5 613

711

6 324

6 188

784

6 972

Jun 2012 ytd

21 603

2 725

24 328

23 811

3 004

26 815

Total Jun 2012 Qtr

5 525

489

6 014

6 090

539

6 629

Mar 2012 Qtr

5 613

846

6 459

6 188

933

7 121

Jun 2012 ytd

21 603

3 294

24 897

23 811

3 631

27 442

yield (g/t) (oz/t)

underground Jun 2012 Qtr

–

4.58

–

0.134

Mar 2012 Qtr

–

4.55

–

0.132

Jun 2012 ytd

–

3.99

–

0.117

surface Jun 2012 Qtr

0.18

0.24

0.19

0.005

0.007

0.005

Mar 2012 Qtr

0.19

0.27

0.20

0.006

0.008

0.006

Jun 2012 ytd

0.20

0.27

0.20

0.006

0.008

0.006

Total Jun 2012 Qtr

0.18

0.76

0.23

0.005

0.022

0.007

Mar 2012 Qtr

0.19

0.95

0.29

0.006

0.028

0.009

Jun 2012 ytd

0.20

0.91

0.29

0.006

0.027

0.008

Gold produced (kg)/(oz)

underground Jun 2012 Qtr

–

270

–

8 681

Mar 2012 Qtr

–

614

–

19 741

Jun 2012 ytd

–

2 272

–

73 048

surface Jun 2012 Qtr

1 002

104

1 106

32 216

3 342

35 558

Mar 2012 Qtr

1 087

193

1 280

34 947

6 205

41 152

Jun 2012 ytd

4 221

734

4 955

135 708

23 597

159 305

Total Jun 2012 Qtr

1 002

374

1 376

32 216

12 023

44 239

Mar 2012 Qtr

1 087

807

1 894

34 947

25 946

60 893

Jun 2012 ytd

4 221

3 006

7 227

135 708

96 645

232 353

Cash operating costs

underground Jun 2012 Qtr

–

536 652

–

1 974

(ZAR/kg) (us$/oz)

Mar 2012 Qtr

–

412 966

–

1 657

Jun 2012 ytd

–

416 540

–

1 671

surface Jun 2012 Qtr

302 221

161 413

288 981

1 161

596

1 108

Mar 2012 Qtr

267 044

136 617

247 378

1 074

547

994

Jun 2012 ytd

272 778

144 166

253 727

1 096

578

1 018

Total Jun 2012 Qtr

302 221

432 307

337 579

1 161

1 590

1 278

Mar 2012 Qtr

267 044

346 875

301 059

1 074

1 391

1 209

Jun 2012 ytd

272 778

350 032

304 912

1 096

1 404

1 223

Cash operating costs

underground Jun 2012 Qtr

–

2 456

–

264

(ZAR/t) (us$/t)

Mar 2012 Qtr

–

1 878

–

219

Jun 2012 ytd

–

1 663

–

195

surface Jun 2012 Qtr

Mar 2012 Qtr

Jun 2012 ytd

Total Jun 2012 Qtr

331

Mar 2012 Qtr

331

Jun 2012 ytd

319

Gold and silver revenue

Jun 2012 Qtr

393.5

140.6

534.1

48.1

16.0

64.1

(ZAR million) (us$ million)

Mar 2012 Qtr

458.3

339.8

798.1

59.3

43.5

102.8

Jun 2012 ytd

1 764.2

1 240.1

3 004.3

227.8

159.7

387.5

Operating profit/(loss)

Jun 2012 Qtr

114.8

(10.1)

104.7

13.8

(1.7)

12.1

(ZAR million) (us$ million)

Mar 2012 Qtr

162.2

58.7

220.9

21.1

7.5

28.6

Jun 2012 ytd

622.2

193.2

815.4

80.3

24.9

105.2

Capital expenditure

Jun 2012 Qtr

82.5

12.1

94.6

10.3

1.4

11.7

(ZAR million) (us$ million)

Mar 2012 Qtr

41.2

21.0

62.2

5.3

2.7

8.0

Jun 2012 ytd

236.2

82.9

319.1

30.4

10.7

41.1

* Discontinued operations represent Blyvoor.

DIRECTORS (*British)(**American)
Executives: DJ Pretorius (Chief Executive Officer),
CC Barnes (Chief Financial Officer)

Independent non-executives: GC Campbell* (Non-Executive Chairman),
RP Hume, EA Jeneker, J Turk** • company Secretary: TJ Gwebu

FOR FURTHER INFORMATION, CONTACT NIëL PRETORIUS AT:

Tel: +27 (0)11 470 2600 Fax: +27 (0)11 470 2618

Web: http://www.drdgold.com

Quadrum Office Park • Building 1 • 50 Constantia Boulevard
Constantia Kloof Ext 28 • South Africa
PO Box 390 • Maraisburg 1700 • South Africa

6340/12

CASH OPERATING COSTS RECONCILIATION

R000 unless otherwise stated

Continuing

operations

Discontinued

operations*

Total

operations

Total cash costs

Jun 2012 Qtr

328 465

157 176

485 641

Mar 2012 Qtr

344 314

330 400

674 714

Jun 2012 ytd

1 322 672

1 117 622

2 440 294

Movement in gold in process

Jun 2012 Qtr

24 147

11 015

35 162

Mar 2012 Qtr

(5 870)

(1 202)

(7 072)

Jun 2012 ytd

9 427

5 283

14 710

Less: Assessment rates, rehabilitation and other

Jun 2012 Qtr

22 218

1 419

23 637

Mar 2012 Qtr

27 159

2 597

29 756

Jun 2012 ytd

101 195

9 572

110 767

Less: Retrenchment costs

Jun 2012 Qtr

–

1 577

Mar 2012 Qtr

–

42 170

Jun 2012 ytd

–

43 747

Less: Corporate and general administration costs

Jun 2012 Qtr

27 568

3 512

31 080

Mar 2012 Qtr

21 008

4 503

25 511

Jun 2012 ytd

79 504

17 389

96 893

Cash operating costs

Jun 2012 Qtr

302 826

161 683

464 509

Mar 2012 Qtr

290 277

279 928

570 205

Jun 2012 ytd

1 151 400

1 052 197

2 203 594

Gold produced (kg)

Jun 2012 Qtr

1 002

374

1 376

Mar 2012 Qtr

1 087

807

1 894

Jun 2012 ytd

4 221

3 006

7 227

Total cash operating costs (R/kg)

Jun 2012 Qtr

302 221

432 307

337 579

Mar 2012 Qtr

267 044

346 875

301 059

Jun 2012 ytd

272 778

350 032

304 912

Total cash operating costs (us$/oz)

Jun 2012 Qtr

1 161

1 590

1 278

Mar 2012 Qtr

1 074

1 391

1 209

Jun 2012 ytd

1 096

1 404

1 223

* Discontinued operations represent Blyvoor.