HAR - Harmony Gold Mining Company Ltd - Harmony`s guidance for the June 2011 Release Date: 15/07/2011 14:00:02 Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Harmony`s guidance for the June 2011
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
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
For more details contact:
Investor Relations Officer
+27 82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242 (mobile)
Randfontein Office Park
P O Box 2
South Africa 1760
T +27 (11) 411 2000
J.P. Morgan Equities Limited
Date: 15/07/2011 14:00:02 Supplied by www.sharenet.co.za
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