Business description: DRDGOLD Limited

DRDGOLD Limited is a South Africa-based holding company. The Company is primarily involved in the retreatment of surface gold tailings. The Company’s business includes Ergo, Far West Gold Recoveries (FWGR), Hot Button Features and Resources and Reserves. Ergo business is a surface gold retreatment operation, which treats old slime dams and sand dumps to the south of Johannesburg’s central business district, as well as the East and Central Rand goldfields. The operation comprises three plants. The Ergo and Knights plants operate as metallurgical plants. The Ergo plant treats around 1.7 Mtpm of material. The City Deep plant operates as a pump/milling station feeding the metallurgical plants. The Company’s FWGR is a surface gold retreatment operation that treats old slime dams in the West Rand goldfields and is located near Carletonville in South Africa’s Gauteng province. Mineral Resources consist of sand dumps, slimes dams and silted areas and dams.

Sales by Activity: DRDGOLD Limited

Fiscal Period: June20202021202220232024

Ergo

306.43Cr 394.3Cr 370.49Cr 410.86Cr 452.49Cr

FWGR

112.07Cr 132.6Cr 141.36Cr 138.77Cr 171.48Cr
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Geographical breakdown of sales: DRDGOLD Limited

Fiscal Period: June20202021202220232024

South Africa

418.5Cr 526.9Cr 511.85Cr 549.63Cr 623.97Cr
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Executive Committee: DRDGOLD Limited

Manager TitleAgeSince
Chief Executive Officer 58 21/08/2008
Director of Finance/CFO 49 06/01/2015
Chief Tech/Sci/R&D Officer - 02/11/2020
Chief Operating Officer 49 -
General Counsel 36 01/11/2022
See DRDGOLD LIMITED governance

Composition of the Board of Directors: DRDGOLD Limited

Director TitleAgeSince
Director/Board Member 58 01/01/2009
Director/Board Member 63 01/11/2007
Director/Board Member 79 25/04/2014
Director/Board Member 49 06/01/2015
Director/Board Member 60 01/12/2016
Director/Board Member 44 03/05/2019
Chairman 68 01/12/2021
Director/Board Member 42 01/07/2020
Composition of the Board of Directors

Shareholders: DRDGOLD Limited

NameEquities%Valuation
Van Eck Associates Corp.
5.953 %
51,47,022 5.953 % 69 M $
American Century Cos., Inc.
1.089 %
9,41,915 1.089 % 13 M $
Renaissance Technologies LLC
0.6378 %
5,51,413 0.6378 % 7 M $
Connor, Clark & Lunn Investment Management Ltd.
0.5947 %
5,14,199 0.5947 % 7 M $
Marshall Wace LLP
0.3915 %
3,38,453 0.3915 % 5 M $
NameEquities%Valuation
50.1 %
43,31,58,944 50.1 % 578 M $
Public Investment Corporation (SOC) Ltd.
5.29 %
4,57,36,743 5.29 % 61 M $
Allan Gray (Pty) Ltd.
1.17 %
1,01,16,920 1.17 % 14 M $
Truffle Asset Management (Pty) Ltd.
0.161 %
13,91,977 0.161 % 2 M $
36ONE Asset Management Pty Ltd.
0.1197 %
10,34,918 0.1197 % 1 M $
NameEquities%Valuation
100 %
50,00,000 100 % 7 M $
List of DRDGOLD LIMITED shareholders

Company details: DRDGOLD Limited

DRDGOLD Ltd.

Constantia Office Park, Cycad House Corner 14th Avenue

1709, Johannesburg

+27 11 470 2600

http://www.drdgold.com
address DRDGOLD Limited(DRD)

Gold Mining

Change 5d. change 1-year change 3-years change Capi.($)
+1.56%+1.78%+28.54%+146.67% 118.07Cr
+1.92%-0.51%+20.96%+6.80% 6.43TCr
+0.55%+1.72%+56.50%+180.94% 6.02TCr
-0.39%+1.85%+45.77%+181.22% 4.11TCr
+0.69%+1.54%+10.30%+42.30% 3.64TCr
-0.72%+1.27%+58.07%+242.94% 2.38TCr
+0.66%+1.43%+66.90%+430.67% 1.91TCr
-0.49%-1.68%+13.16%+141.36% 1.53TCr
-3.29%-8.79%+178.56%+730.37% 1.15TCr
-1.66%-2.12%+45.95%+286.07% 1.09TCr
Average -0.12%-0.12%+52.47%+238.93% 2.84TCr
Weighted average by Cap. +0.35%+0.69%+43.87%+169.70%
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Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
13.69USD
Average target price
16.25USD
Spread / Average Target
+18.70%
Consensus

Net sales - Rate of surprise

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