Go Back Email this Link to a friend

HARMONY GOLD MINING COMPANY LIMITED - Press release - Harmony delivers excellent first quarter results

Release Date: 07/11/2012 07:06:00      Code(s): HAR       PDF(s):  
Press release - Harmony delivers excellent first quarter results

Harmony Gold Mining Company Limited
("Harmony" or "Company")
Incorporated in the Republic of South Africa
Registration number 1950/038232/06
JSE Share code: HAR
NYSE Share code: HMY
ISIN: ZAE000015228

Harmony delivers excellent first quarter results

Johannesburg, Wednesday, 7 November 2012: Harmony Gold Mining Company
Limited ('Harmony' or 'the Company') today announced that the September 2012 quarter
was a solid start to financial year 2013. Gold production at continuing operations
increased by 8% to 10 013kg (321 924oz), while operating profit is 9% higher at R1.4bn
(US$171 million).

Gold production from underground operations was 9% higher than the prior quarter,
mainly driven by improved grade. Cash operating costs increased quarter on quarter,
mainly due to two months of winter electricity tariffs and labour increases implemented on
1 July 2012. This resulted in the rand per kilogram unit cost increasing by 6% from R278
091/kg in the June 2012 quarter to R294 404/kg in this quarter. The rand gold price
received during the quarter increased by 5% from R421 565/kg in the June 2012 quarter
to R440 868/kg in the September 2012 quarter.

Headline earnings per share increased quarter on quarter to 123 SA cents (15 US cents).

Graham Briggs, chief executive officer of Harmony commented, "The Company continues
to generate strong cash flows, with low debt and undrawn lending facilities. Our first
quarter results reaffirm that Harmony is guided by a clear strategy and expert
management teams delivering sustainable and competitive results."


Issued by Harmony Gold
Mining Company Limited

7 November 2012

For more details contact:

Henrika Basterfield
Investor Relations Manager

+27 (0) 82 759 1775 (mobile)

Marian van der Walt
Executive: Corporate and
Investor Relations

+27 (0) 82 888 1242 (mobile)

Corporate Office:
Randfontein Office Park
P O Box 2
South Africa 1760
T +27 (11) 411 2000


JSE:      HAR
ISIN No.: ZAE000015228

Registration number:

Date: 07/11/2012 07:06:00 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.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2021 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.