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 05 November 2015
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
Page
1
of
1
Issued by Harmony Gold
Mining Company Limited
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
Relations
+27(0) 82 888 1242
Corporate office:
Randfontein Office Park
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.
(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 proves its critics wrong
Increased production, free operational cash flow and on track to
meet annual guidance
Johannesburg: Thursday, 5 November 2015. Harmony Gold Mining Company
Limited (“Harmony” and/or “the Company”) today announced its results for the first
quarter ended 30 September 2015 of financial year 2016. The Company’s
restructuring efforts and its focus on what it can control – production and
costs – yielded excellent results.
South African underground gold production increased by 17% (7 676kg/246 790oz)
and underground recovered grade increased by 8% quarter on quarter to 4.99g/t.
Production profit is 12% higher at R701 million (US$54 million), with a 7% increase in
revenue at R4.1 billion (US$319 million). The Company generated free cash flow of
R122 million (US$10million) during the quarter.
Harmony is operating its underground mines in South Africa at an all-in sustaining
cost of R434 829/kg (US$1 040/oz), which means that it will continue to benefit from
the current higher R/kg gold price. All-in sustaining costs for all operations decreased
by 3% to R466 061/kg in the September 2015 quarter, compared to
R478 746/kg in the June 2015 quarter (decreased 10% from US$1 233/oz to
US$1 115/oz).
The Company’s exploration programme continues to enjoy considerable success in
locating copper-gold mineralisation. In an environment where very little is being spent
on exploration and with the scarcity of new major copper and gold discoveries, the
results from the Kili Teke grassroots prospect are very encouraging. In addition, the
feasibility study of the world-class gold-copper project, Golpu, is set to be completed
by December 2015.
“Harmony is proving all of its critics wrong. We continue to improve our grade
performance, our underground operations are generating free cash flow, our costs are
well managed and we are on track to achieve our annual production guidance.
Combined with a much higher than expected R/kg gold price, our margins are
dramatically improved, enabling Harmony to repay its debt and finance the
development of Golpu”, said Graham Briggs, chief executive officer.
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: November 05, 2015
Harmony Gold Mining Company Limited
By:
/s/ Frank Abbott
Name: Frank Abbott
Title: Financial Director
Title: Financial Director