New Risk • May 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Apr 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. CFO & Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. CFO & Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 02
First half dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 13th March 2026 Payment date: 23rd March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
First half 2026 earnings released: EPS: R22.27 (vs R11.26 in 1H 2025) First half 2026 results: EPS: R22.27 (up from R11.26 in 1H 2025). Revenue: R5.05b (up 33% from 1H 2025). Net income: R1.93b (up 99% from 1H 2025). Profit margin: 38% (up from 26% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. GM of Finance & Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Full year 2025 earnings released: EPS: R26.01 (vs R15.43 in FY 2024) Full year 2025 results: EPS: R26.01 (up from R15.43 in FY 2024). Revenue: R7.88b (up 26% from FY 2024). Net income: R2.24b (up 69% from FY 2024). Profit margin: 28% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 155.28 troy koz (160.81 troy koz in FY 2024) Number of mines: 2 (2 in FY 2024) Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in South America. Aankondiging • Oct 28
DRDGOLD Limited, Annual General Meeting, Nov 26, 2025 DRDGOLD Limited, Annual General Meeting, Nov 26, 2025. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. GM of Finance & Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 26
An undisclosed buyer acquired an unknown minority stake in DRDGOLD Limited (NYSE:DRD) from Van Eck Associates Corporation. An undisclosed buyer acquired an unknown minority stake in DRDGOLD Limited (NYSE:DRD) from Van Eck Associates Corporation on September 26, 2025. Following the acquisition Van Eck Associates Corporation now holds 1.46% of the total issued ordinary share capital of DRDGOLD Limited.
An undisclosed buyer completed the acquisition of an unknown minority stake in DRDGOLD Limited (NYSE:DRD) from Van Eck Associates Corporation on September 26, 2025. Board Change • Sep 12
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 01
Final dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 12th September 2025 Payment date: 22nd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 45% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to Mex$346, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$298 per share. Board Change • Aug 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Executive Director Henriette Hooijer was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 17
DRDGOLD Limited to Report Fiscal Year 2025 Results on Aug 20, 2025 DRDGOLD Limited announced that they will report fiscal year 2025 results on Aug 20, 2025 Aankondiging • Feb 18
DRDGOLD Limited Declares an Interim Cash Dividend for the Six Months Ended 31 December 2024, Payable on 17 March 2025 The board of DRDGOLD Limited has declared an interim cash dividend of 30 South African (SA) cents per ordinary share for the six months ended 31 December 2024. Ordinary shares trade ex-dividend date is 12 March 2025. Record date is 14 March 2025. Payment date is 17 March 2025. Aankondiging • Feb 12
DRDGOLD Limited Announces Changes to Board Committees, with Effect from 1 March 2025 The board of directors of DRDGOLD Limited announced that DRDGOLD shareholders of the following changes to Board committees with effect from 1 March 2025: Ms. Thoko Mnyango, an independent non-executive director of the Company, will be appointed as a member of the Risk Committee, and will resign as a member of the Remuneration Committee; and Ms. Prudence Lebina, an independent non-executive director of the Company, will be appointed as a member of the Remuneration Committee. Aankondiging • Feb 08
DRDGOLD Limited Provides Earnings Guidance for the Six Months Ended 30 December 2024 DRDGOLD Limited provided earnings guidance for the six months ended 30 December 2024. DRDGOLD is in the process of finalising its results for the six months ended 31 December 2024 ("Current Reporting Period") and shareholders are accordingly advised that the Company has reasonable certainty that for the Current Reporting Period it will report earnings per share and headline earnings per share ("HEPS") of between 109.2 cents and 116.0 cents compared to EPS and HEPS of 68.4 cents for the six months ended 31 December 2023 ("Previous Corresponding Period"), being an increase of between 60% and 70%. Aankondiging • Jan 15
DRDGOLD Limited to Report First Half, 2025 Results on Feb 18, 2025 DRDGOLD Limited announced that they will report first half, 2025 results on Feb 18, 2025 Aankondiging • Nov 30
DRDGOLD Limited Approved Election of Johan Holtzhausen (Chairman) and Prudence Lebina as Members of the Audit Committee DRDGOLD Limited at its AGM held on 27 November 2024 approved election of Mr. Johan Holtzhausen (Chairman) as a member of the Audit Committee and election of Ms. Prudence Lebina as a member of the Audit Committee. Aankondiging • Nov 29
DRDGOLD Limited Announces Change to the Board of Directors and Board Committees DRDGOLD Limited announced that Mr. Andrew Robert Brady has been appointed as an independent non-executive director of the board of directors of the Company with effect from 1 December 2024, to replace Mr. Jean Nel, a former independent non-executive director of the Board who resigned from the Board with effect from 27 November 2024. Mr. Brady was considered following a recommendation by Sibanye Stillwater Limited and after reviewing his suitability for the position, as well as obtaining an independent legal opinion as to whether Mr. Brady would be deemed independent. Mr. Brady will also be appointed as a member of the Company's audit committee, risk committee and investment committee. Mr. Brady is currently a director of Clean World Capital Proprietary Limited and has over 25 years of experience both in the resources sector and corporate finance. He holds a Bachelor of Commerce degree from the University of the Witwatersrand, a Post Graduate Diploma in Business Administration from Wits Business School and has attended a Corporate Restructuring Executive Programme at Harvard Business School. Aankondiging • Oct 29
DRDGOLD Limited, Annual General Meeting, Nov 27, 2024 DRDGOLD Limited, Annual General Meeting, Nov 27, 2024. Aankondiging • Oct 23
DRDGOLD Limited Announces Board Changes, Effective 27 November 2024 DRDGOLD Limited announced that Mr. Jean Nel, an independent non-executive director of the board of directors of the Company, has decided to step down as a director of the Company with effect from 27 November 2024, after 6 years on the Board. He will consequently vacate his position as chairperson of the remuneration committee and the investment committee, and as a member of the risk committee and the audit committee. Shareholders are further advised that Mr. Edmund Jeneker has been appointed as chairperson of the remuneration committee and Ms Prudence Lebina has been appointed as chairperson of the investment committee with effect from 27 November 2024. Aankondiging • Aug 22
Drdgold Limited Declares Final Dividend for the Year Ended June 30, 2024, Payable on September 16, 2024 DRDGOLD Limited declared final gross cash dividend for the year ended June 30, 2023 of 20 South African cents per share, payable on September 16, 2024. Ex-dividend is on September 11, 2024 and record date on September 13, 2024. Aankondiging • Feb 09
DRDGOLD Limited Provides Earnings Guidance for the Six Months Ended 31 December 2023 and Provides Production Guidance for the Year Ended 30 June 2024 DRDGOLD Limited provided earnings guidance for the six months ended 31 December 2023 and provided production guidance for the year ended 30 June 2024. For the six months, the company expects earnings per share (EPS) and headline earnings per share (HEPS) to be between 65.3 cents to 71.5 cents compared to EPS and HEPS of 62.3 cents for the six months ended 31 December 2022, being an increase of between 5% to 15%.For the year, In the company's 2023 integrated annual report, published on 30 October 2023, the company issued a production guidance to be between 165,000 ounces to 175,000 ounces. With the new reclamation sites now in operation at Ergo, the company expects to remain within range, albeit to the lower end. Aankondiging • Jan 17
DRDGOLD Limited to Report First Half, 2024 Results on Feb 14, 2024 DRDGOLD Limited announced that they will report first half, 2024 results on Feb 14, 2024 Aankondiging • Oct 31
DRDGOLD Limited, Annual General Meeting, Nov 29, 2023 DRDGOLD Limited, Annual General Meeting, Nov 29, 2023, at 10:00 South Africa Standard Time. Agenda: To consider Re-appointment of Independent Auditors; to consider Re-election of Director - Mr Johan Holtzhausen; to consider Re-election of Director - Ms Thoko Mnyango; to consider General authority to issue securities for cash; to consider Endorsement of the Company's Remuneration policy; to consider Authority to sign all required documents; to consider Approval of non-executive directors’ remuneration; to consider General authority to provide financial assistance in n terms of sections 44 and 45 of the Act; and to consider other business matters. Aankondiging • Sep 29
DRDGOLD Limited Announces Company Secretary Changes DRDGOLD Limited announced that Ms Elise Beukes had resigned as DRDGOLD's company secretary with effect from 31 July 2023. The company also announced that Ms. Kgomotso Mbanyele has been appointed as company secretary with effect from 25 October 2023. Ms. Mbanyele has over 14 years' experience working in the Company Secretarial field, with over 11 years' experience working in the mining industry. Ms. Mbanyele previously served as a Company Secretarial officer for Gold Fields Limited and more recently as the Assistant Group Company Secretary of Sibanye Stillwater Limited. She is a qualified Associate Company Secretary with the Chartered Governance Institute of Southern Africa. Aankondiging • Aug 24
DRDGOLD Limited Declares Final Dividend for the Year Ended June 30, 2023, Payable on September 18, 2023 DRDGOLD Limited declared final dividend of 65 South African cents per ordinary share for the year ended June 30, 2023, payable on September 18, 2023. Ex-dividend is on September 13, 2023 and record date on September 15, 2023. Aankondiging • Aug 18
DRDGOLD Limited Provides Earnings Guidance for the Year Ended June 30, 2023 DRDGOLD Limited provided earnings guidance for the year ended June 30, 2023. For the period, the company expects earnings per share ("EPS") of between 142.5 cents and 155.7 cents per share compared to EPS of 131.2 cents per share for the year ended 30 June 2022, being an increase of between 9% and 19%. Aankondiging • Aug 15
DRDGOLD Limited to Report Fiscal Year 2023 Results on Aug 23, 2023 DRDGOLD Limited announced that they will report fiscal year 2023 results at 8:00 AM, South Africa Standard Time on Aug 23, 2023 Aankondiging • Aug 02
DRDGOLD Limited Announces Resignation of Elise Beukes as Company Secretary DRDGOLD Limited advised that Ms Elise Beukes has resigned as the company secretary with effect from 31 July 2023. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Mex$169, the stock trades at a trailing P/E ratio of 12.8x. Average forward P/E is 7x in the Metals and Mining industry in Mexico. Total returns to shareholders of 33% over the past three years. Aankondiging • Feb 16
DRDGOLD Limited Declares an Interim Cash Dividend for the Six Months Ended 31 December 2022, Payable on 13 March 2023 DRDGOLD Limited announced that Board has declared an interim cash dividend of 20 south African cents per share for the six months ended 31 December 2022. In compliance with the requirements of Strate Proprietary Limited ("Strate") and the JSE Limited Listings Requirements, given the Company's primary listing on the exchange operated by the JSE, the salient dates for payment of the dividend are as follows: last date to trade ordinary shares cum-dividend: 7 March 2023; ordinary shares trade ex-dividend: 8 March 2023; record date: 10 March 2023; and payment date: Monday, 13 March 2023. Aankondiging • Feb 03
DRDGOLD Limited Provides Earnings Guidance for the Six Months Ended December 31, 2022 DRDGOLD Limited provided earnings guidance for the six months ended December 31, 2022. The Company has reasonable certainty that for the Current Reporting Period it will report earnings per share ("EPS") and headline earnings per share ("HEPS") of between 59.5 cents and 68.1 cents per share compared to EPS and HEPS of 58.0 cents per share for the six months ended 31 December 2021 ("Previous Corresponding Period"), being an increase of between 2.6% and 17.4%. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 16% share price gain to Mex$159, the stock trades at a trailing P/E ratio of 11.1x. Average forward P/E is 9x in the Metals and Mining industry in Mexico. Total returns to shareholders of 66% over the past three years. Aankondiging • Jan 17
DRDGOLD Limited to Report First Half, 2023 Results on Feb 15, 2023 DRDGOLD Limited announced that they will report first half, 2023 results on Feb 15, 2023 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Mex$129, the stock trades at a trailing P/E ratio of 8.8x. Average forward P/E is 7x in the Metals and Mining industry in Mexico. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$86.52 per share. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Mex$157, the stock trades at a trailing P/E ratio of 10.7x. Average forward P/E is 5x in the Metals and Mining industry in Mexico. Total returns to shareholders of 357% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$85.50 per share. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 24 March 2022. Payout ratio is a comfortable 52% and the cash payout ratio is 84%. Trailing yield: 4.0%. Lower than top quartile of Mexican dividend payers (5.1%). Lower than average of industry peers (7.7%). Reported Earnings • Feb 19
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: R5.80 (down from R11.10 in 1H 2021). Revenue: R2.50b (down 16% from 1H 2021). Net income: R495.9m (down 48% from 1H 2021). Profit margin: 20% (down from 32% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 11%, compared to a 3.6% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 68% per year whereas the company’s share price has increased by 65% per year. Executive Departure • Dec 03
Independent Non-Executive Chairman Geoffrey Campbell has left the company On the 1st of December, Geoffrey Campbell's tenure as Independent Non-Executive Chairman ended after 16.2 years in the role. We don't have any record of a personal shareholding under Geoffrey's name. Geoffrey is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.13 years. 
