Go Back Email this Link to a friend


HARMONY GOLD MINING COMPANY LIMITED - Trading Statement for the six months ended 31 December 2016

Release Date: 30/01/2017 11:56:00      Code(s): HAR       PDF(s):  
Trading Statement for the six months ended 31 December 2016

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”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016

Johannesburg. 30 January 2017: In terms of paragraph 3.4(b) of the
Listings Requirements of the JSE Limited, a company listed on the
JSE is required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported upon next will differ
by at least 20% from the financial results for the previous
corresponding period.

Shareholders of Harmony Gold Mining Company Limited (“Harmony”
and/or “the Company”) are advised that a reasonable degree of
certainty exist that earnings for the six months ended 31 December
2016 will be higher than for the six months ended 31 December 2015
(“the previous comparable period”), primarily due to an increase in
the average gold spot price received, the recognition of a gain on
the Hidden Valley acquisition and the gains recognised on the gold
and currency hedges.

Headline earnings per share (“HEPS”) are expected to be between 139
and 160 cents per share, which is between 235% and 255% higher than
the headline loss of 103 cents per share reported for the previous
comparable period in 2015.

In US dollar terms, HEPS are expected to be between 10 and 11 US
cents per share, which is between 230% and 255% higher than the
headline loss of 8 US cents per share reported for the previous
comparable period in 2015.

Earnings per share (“EPS”) are expected to be between 341 and 361
cents per share, which is between 434% and 454% higher than the loss
of 102 cents per share reported for the previous comparable period.

In US dollar terms, EPS are expected to be between 24 and 26 US cents
per share, which is between 436% and 465% higher than the loss of 7
US cents per share reported for the previous comparable period.

“We achieved all we set out to in the six months from 1 July 2016 to
31 December 2016. We improved our safety performance and increased
production. Safe mines are profitable mines and profitable mines
strengthen our margins”, said Peter Steenkamp, chief executive
officer of Harmony.

The financial information on which this trading statement has been
based, has not been reviewed or reported on by Harmony’s external
auditors. Harmony will publish its financial results for the six
months ended 31 December 2016 on 2 February 2017. Please refer to
our website (www.harmony.co.za) for the details of our live results
presentation to take place at 9:00 on the 2nd of February 2017 at the
Hilton Hotel, Sandton.

Ends


For more details contact:

Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)


30 January 2017
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited.

Date: 30/01/2017 11:56:00 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
© 2019 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.