To view the PDF file, sign up for a MySharenet subscription.

HAR - Harmony Gold Mining Company Ltd - Harmony`s guidance for the June 2011

Release Date: 15/07/2011 14:00
Code(s): HAR
Wrap Text

HAR - Harmony Gold Mining Company Ltd - Harmony`s guidance for the June 2011 quarter Harmony Gold Mining Company Ltd Incorporated in the Republic of South Africa Registration number: 1950/038232/06 JSE Share code: HAR NYSE Share code: HMY NASDAQ Share code: HMY ISIN: ZAE000015228 PRESS RELEASE HARMONY`S GUIDANCE FOR THE JUNE 2011 QUARTER Johannesburg. Friday, 15 July 2011. Harmony Gold Mining Company Limited (Harmony) announces that higher production from its growth assets resulted in overall production being higher quarter on quarter. Gold production for the June 2011 quarter is likely to be 3% higher than the previous quarter, despite days lost to public holidays. As expected, cash operating costs in Rand terms will be higher, mainly due to higher electricity and stores costs, as well as the inclusion of Target 3 in our operating results. Higher stores costs are due to additional supplies used to support the increased production, as well as additional maintenance performed during public holidays. Chief Executive Officer, Graham Briggs, commented that: "Quarter on quarter our short-term objective is the build-up of our production. Although it takes time, we are getting there and will resist challenges to ensure delivery." Harmony`s results for the quarter and year ended 30 June 2011 will be released on Monday, 15 August 2011. Please refer to our website www.harmony.co.za for details. For more details contact: Henrika Basterfield Investor Relations Officer +27 82 759 1775 (mobile) Marian van der Walt Executive: Corporate and Investor Relations +27 82 888 1242 (mobile) Corporate Office: Randfontein Office Park P O Box 2 Randfontein South Africa 1760 T +27 (11) 411 2000 www.harmony.co.za Sponsor: J.P. Morgan Equities Limited Date: 15/07/2011 14:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story