Go Back Email this Link to a friend

HARMONY GOLD MINING COMPANY LIMITED - Harmonys quarterly production guidance

Release Date: 15/10/2013 15:43:00      Code(s): HAR       PDF(s):  
Harmony’s quarterly production guidance

Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” or “the company”)

Harmony’s quarterly production guidance

•Continued upward trend in performance quarter on quarter
  - build-up in gold production in both South Africa and Papua New
Guinea (PNG)
  - increase in underground grade continues
•    Decrease in unit costs and capital

Harmony Gold Mining Company Limited („Harmony?) is pleased to advise
that production at its underground mines in South Africa is
approximately 15% higher than the previous quarter, while Hidden
Valley's production has increased by about 7%. Harmony's total
production is expected to be around 12% higher quarter-on-quarter,
mainly due to an increase in both tonnes and grade.

During the September quarter there were increases in labour costs
(following the new two year wage agreement) and electricity costs
(winter tariffs). These cost increases were more than off-set by the
increased production and savings in overall costs, resulting in our
cash cost per kilogram being 6% to 8% lower quarter on quarter.

“We are pleased that we have been able to deliver another solid
performance for the quarter. That production is up in South Africa
despite the labour disruptions experienced around wage negotiations,
is testimony to our commitment to deliver in line with our guidance,
and a credit to our management and employees”, said Graham Briggs,
chief executive officer of Harmony.

Harmony?s results for the quarter ended 30 September 2013 will be
released on Friday, 8 November 2013 via webcast and conference call
only. Please refer to http://www.harmony.co.za/investors for dial-in
and webcast information.

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)
15 October 2013

J.P. Morgan Equities South Africa Proprietary Limited.

Date: 15/10/2013 03:43:00 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.