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Issued by Harmony Gold
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
+27(0) 82 759 1775
Marian van der Walt
Executive: Corporate and Investor
Relations
+27(0) 82 888 1242
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE: HAR
NYSE: HMY
ISIN no:
ZAE000015228
Registration no: 1950/038232/06
Harmony Gold Mining Company Limited
(Harmony), a world-class gold mining
and exploration company, has
operations and assets in South Africa
and Papua New Guinea. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
The company’s primary stock exchange
listing is on the JSE with a secondary
listing on the New York Stock
Exchange. The bulk of our shareholders
are in South Africa and the United
States. Additional information on the
company is available on the corporate
website, www.harmony.co.za.
Harmony reduces debt as cash position strengthens
Johannesburg: Wednesday, 2 December 2015
. Harmony Gold Mining Company
Limited (Harmony and/or Company) is pleased to advise that it has repaid R1.1 billion
of its debt. These repayments comprise US$50 million on its US$250 million
Revolving Credit Facility (RCF) and R 400 million on its R1.3 billion Rand facility.
The mining operations continue to perform in line with their plans post the September
2015 quarter. An increase in the rand gold price during October and November 2015,
further strengthened the Company’s cash position.
Despite the gold price trading around multi-year lows in US dollar terms, Harmony,
with over 90% of its operating revenue generated in South Africa, benefits from the
weak rand which more than offsets the impact of the low US dollar gold price.
“Our hard work of the last couple of years are finally paying off, enabling us to reduce
our debt, strengthen our balance sheet and provide us with even more certainty that
we can fund the Golpu project”, said Graham Briggs, chief executive officer of
Harmony.
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