UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For 04 February 2016
Harmony Gold Mining Company
Limited
Randfontein Office Park
Corner Main Reef Road and Ward Avenue
Randfontein, 1759
South Africa
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-
F or Form 40-F.)
Form 20-F X
Form 40-F
(Indicate by check mark whether the registrant by
furnishing the information contained in this form
is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes
No X
Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” and/or “the Company”)
(“Harmony” and/or “the Company”)
Harmony’s strong cash flows underpin profitable quarter
•
Safety parameters improving; working towards zero harm
•
7% increase in underground recovered grade
•
2% increase in production
•
All-in sustaining costs down by 7% at R434 834/kg (down 15% to
US$950/oz)
US$950/oz)
•
84% increase in production profit to R1.29 billion (68% to US$91
million)
million)
•
Headline earnings of R74 million (US$5 million)
•
Net debt reduction of R127 million (US$29 million)
Harmony Gold Mining Company Limited “(Harmony” and/or “the
Company”) is pleased to announce that it recorded another
solid set of results for the second quarter of financial year
solid set of results for the second quarter of financial year
2016 – three consecutive quarters of increased delivery.
Underground grade was 7% higher, with the majority of
Harmony’s operations producing higher kilograms and
generating net free operational cash flow. Combined with a 7%
Harmony’s operations producing higher kilograms and
generating net free operational cash flow. Combined with a 7%
increase in the average R/kg gold price received of
R507 490/kg, revenue increased by 10% to R4.57 billion (to
R507 490/kg, revenue increased by 10% to R4.57 billion (to
US$321 million) during the quarter.
Harmony’s production profit increased by 84% to R1.29 billion
(68% to US$91 million) quarter on quarter, mainly due to a 7%
increase in the gold price received and supported by a 2%
(68% to US$91 million) quarter on quarter, mainly due to a 7%
increase in the gold price received and supported by a 2%
increase in gold production.
“Higher production means that Harmony’s cash flow is
strengthened, our margins are growing, we are able to repay
strengthened, our margins are growing, we are able to repay
our debt and to fund Golpu. The higher R/kg gold price is
simply an added bonus”, said chief executive officer, Peter
simply an added bonus”, said chief executive officer, Peter
Steenkamp.
All-in sustaining costs for all operations decreased by 7% to
R434 834/kg in the December 2015 quarter, compared to R466
061/kg in the September 2015 quarter (15% decrease to
061/kg in the September 2015 quarter (15% decrease to
US$950/oz).
Better production results resulted in Harmony recording
headline earnings of R74 million (US$5 million).
headline earnings of R74 million (US$5 million).
ends.
For more details contact:
Henrika Ninham
Investor Relations Manager
On +27 (0)82 759 1775
On +27 (0)82 759 1775
Marian van der Walt
Executive: Corporate and Investor Relations
+27(0) 82 888 1242
+27(0) 82 888 1242
Johannesburg, South Africa
4 February 2016
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
J.P. Morgan Equities South Africa Proprietary Limited
Page
1
of
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Issued by Harmony Gold
Mining Company Limited
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
+27(0) 82 759 1775
Investor Relations Manager
+27(0) 82 759 1775
Marian van der Walt
Executive: Corporate and Investor
Relations
+27(0) 82 888 1242
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
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE: HAR
NYSE: HMY
JSE: HAR
NYSE: HMY
ISIN no:
ZAE000015228
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.
(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.
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’s strong cash flows underpin profitable quarter
· Safety parameters improving; working towards zero harm
· 7% increase in underground recovered grade
· 7% increase in underground recovered grade
·2% increase in production
· All-in sustaining costs down by 7% at R434 834/kg (down 15% to US$950/oz)
· 84% increase in production profit to R1.29 billion (68% to US$91 million)
· Headline earnings of R74 million (US$5 million)
· Net debt reduction of R127 million (US$29 million)
· 84% increase in production profit to R1.29 billion (68% to US$91 million)
· Headline earnings of R74 million (US$5 million)
· Net debt reduction of R127 million (US$29 million)
Johannesburg: Thursday, 4 February 2016. Harmony Gold Mining Company
Limited “(Harmony” and/or “the Company”) is pleased to announce that it
recorded another solid set of results for the second quarter of financial year 2016
– three consecutive quarters of increased delivery.
recorded another solid set of results for the second quarter of financial year 2016
– three consecutive quarters of increased delivery.
Underground grade was 7% higher, with the majority of Harmony’s operations
producing higher kilograms and generating net free operational cash flow.
Combined with a 7% increase in the average R/kg gold price received of
R507 490/kg, revenue increased by 10% to R4.57 billion (to US$321 million)
during the quarter.
producing higher kilograms and generating net free operational cash flow.
Combined with a 7% increase in the average R/kg gold price received of
R507 490/kg, revenue increased by 10% to R4.57 billion (to US$321 million)
during the quarter.
Harmony’s production profit increased by 84% to R1.29 billion (68% to US$91
million) quarter on quarter, mainly due to a 7% increase in the gold price received
and supported by a 2% increase in gold production.
million) quarter on quarter, mainly due to a 7% increase in the gold price received
and supported by a 2% increase in gold production.
“Higher production means that Harmony’s cash flow is strengthened, our margins
are growing, we are able to repay our debt and to fund Golpu. The higher R/kg
gold price is simply an added bonus”, said chief executive officer, Peter
Steenkamp.
are growing, we are able to repay our debt and to fund Golpu. The higher R/kg
gold price is simply an added bonus”, said chief executive officer, Peter
Steenkamp.
All-in sustaining costs for all operations decreased by 7% to R434 834/kg in the
December 2015 quarter, compared to R466 061/kg in the September 2015
quarter (15% decrease to US$950/oz).
December 2015 quarter, compared to R466 061/kg in the September 2015
quarter (15% decrease to US$950/oz).
Better production results resulted in Harmony recording headline earnings of
R74 million (US$5 million).
R74 million (US$5 million).
ends.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: February 4, 2016
Harmony Gold Mining Company Limited
By:
/s/ Frank Abbott
Name: Frank Abbott
Title: Financial Director
Title: Financial Director