HAR - Harmony Gold Mining Company Limited - Close-out of Australian Hedge Book
HARMONY GOLD MINING COMPANY LIMITED
Incorporated in 1950
Registration number 1950/038232/06
Share code: HAR
NASDAQ, NYSE: HMY
CLOSE-OUT OF AUSTRALIAN HEDGE BOOK
Johannesburg, 18 May 2007. Harmony announced today that it has closed out the
remainder of the Australian hedge book inherited with the acquisition of the
Hill 50 mine in Western Australia. 230 000 ounces were closed out at an average
spot rate of A$ 809oz, for a total cost of A $75.8 million (R 436 million).
These positions had a negative marked-to-market of A$ 78.6 million (R 460.7
million) for the quarter ending 31 March 2007 at an average forward price of A$
517.78 per ounce.
Issued by Harmony Gold Mining Company Limited
18 May 2007
For more details contact:
General Manager, Investor Relations
on +27(0)82 654 9241
Lizelle du Toit
Investor Relations Officer
on +27(0)82 465 1244
Date: 18/05/2007 15:09:10 Supplied by www.sharenet.co.za
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