DRDGOLD LTD Files 2024 Annual 20-F Report

Ticker: DRDGF · Form: 20-F · Filed: Oct 30, 2024 · CIK: 1023512

Drdgold LTD 20-F Filing Summary
FieldDetail
CompanyDrdgold LTD (DRDGF)
Form Type20-F
Filed DateOct 30, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$1
Sentimentneutral

Sentiment: neutral

Topics: annual-report, mining, sec-filing

TL;DR

DRDGOLD LTD filed its 2024 20-F, check financials for the year ending June 30.

AI Summary

DRDGOLD LTD filed its annual 20-F report for the fiscal year ending June 30, 2024. The company, previously known as DURBAN ROODEPOORT DEEP LTD, is based in Johannesburg and operates in the gold and silver ores sector. The filing covers financial data and business operations for the period.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of DRDGOLD LTD's financial performance and operational status for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a mining company, DRDGOLD LTD is subject to commodity price fluctuations, operational risks, and regulatory changes inherent in the industry.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of DRDGOLD LTD?

DRDGOLD LTD operates in the GOLD & SILVER ORES sector, as indicated by its Standard Industrial Classification code [1040].

When did DRDGOLD LTD change its name from DURBAN ROODEPOORT DEEP LTD?

The date of the name change from DURBAN ROODEPOORT DEEP LTD to DRDGOLD LTD was September 24, 1996.

What is the filing date of this 20-F report?

This 20-F report was filed on October 30, 2024.

What is the fiscal year end for DRDGOLD LTD?

The fiscal year end for DRDGOLD LTD is June 30.

What is the SEC file number for DRDGOLD LTD?

The SEC file number for DRDGOLD LTD is 001-35387.

Filing Stats: 4,500 words · 18 min read · ~15 pages · Grade level 13.5 · Accepted 2024-10-30 10:25:57

Key Financial Figures

Filing Documents

Risk Factors

Risk Factors 6 ITEM 4. INFORMATION ON THE COMPANY 20 4A. History And Development Of The Company 20 4B. Business Overview 22 4C. Organizational Structure 27 4D. Property, Plant And Equipment 28 ITEM 4A . UNRESOLVED STAFF COMMENTS 42 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 42 5A . Operating Results 42 5B. Liquidity And Capital Resources 51 5C. Research And Development, Patents And Licenses, Etc 52 5D. Trend Information 52 5E. Critical Accounting Estimates 55 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 55 6A. Directors And Senior Management 55 6B. Compensation 57 6C. Board Practices 63 6D. Employees 66 6E. Share Ownership 67 6 F. A ction T o R ecover E rron eously A warded C ompensation 68 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 68 7A. Major Shareholders 69 7B. Related Party Transactions 70 7C. Interests Of Experts And Counsel 70 ITEM 8. FINANCIAL INFORMATION 70 8A. Consolidated statements And Other Financial Information 70 8B. Significant Changes 70 ITEM 9. THE OFFER AND LISTING 71 9A. Offer And Listing Details 71 9B. Plan Of Distribution 71 9C. Markets 71 9D. Selling Shareholders 71 9E.

Dilution

Dilution 71 9F. Expenses Of The Issue 71 ITEM 10. ADDITIONAL INFORMATION 71 10A. Share Capital 71 10B. Memorandum and articles of association 71 10C. Material Contracts 74 10D. Exchange Controls 74 10E. Taxation 76 10F. Dividends And Paying Agents 79 10G. 79 10H. Documents On Display 79 10I. Subsidiary Information 80 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 80 TABLE OF CONTENTS Page PART II ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 81 12A. Debt Securities 81 12B. Warrants and Rights 81 12C. Other Securities 81 12D American Depositary Shares 81 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 83 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 83 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 83 ITEM 16. [RESERVED] 83 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 83 ITEM 16B. CODE OF ETHICS 84 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 84 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 84 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 84 ITEM 16F CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 84 ITEM 16G. CORPORATE GOVERNANCE 84 ITEM 16H . MINE SAFETY DISCLOSURES 85 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 85 ITEM 16J. INSIDER TRADING POLICIES 85 ITEM 16K. CYBERSECURITY 85 PART III ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 87 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 87 ITEM 19. EXHIBITS 89

SIGNATURES

SIGNATURES 90 Preparation of Financial Information We are a South African company and currently all our operations are located in South Africa. Accordingly, our books of account are maintained in South African Rand. Our financial statements included in our corporate filings are prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). Our consolidated financial statements included in this Annual Report are prepared in accordance with IFRS as issued by the IASB. All financial information in this Annual Report, except as otherwise noted is prepared in accordance with IFRS as issued by the IASB. We present our financial information in rand, which is our presentation and reporting currency. All references to "dollars" or "$" herein are to United States Dollars and references to "rand" or "R" are to South African rands. Solely for your convenience, this Annual Report contains translations of certain rand amounts into dollars at specified rates. These rand amounts do not represent actual dollar amounts, nor could they necessarily have been converted into dollars at the rates indicated. Unless otherwise indicated, rand amounts have been translated into dollars at the rate of R18.19 per $1.00, the year end exchange rate on June 30, 2024. In this Annual Report, we present certain non-IFRS financial measures including "Adjusted EBITDA", "cash operating costs", "cash operating costs per kilogram", "all-in sustaining costs", "all-in sustaining costs per kilogram", "all-in costs", "all-in costs per kilogram", "growth capital expenditure" and "sustaining capital expenditure". The non-IFRS measures "cash operating costs", "cash operating costs per kilogram", "all-in sustaining costs", "all-in sustaining costs per kilogram", "all-in costs" and "all-in costs per kilogram" have been determined using industry guidelines promulgated by the World Gold Council, and are used to determine cos

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