| Harmony’s production guidance for quarter 3, financial year 2015 | |
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Harmony's production guidance for quarter 3, financial year 2015
Published on 21 April 2015
Johannesburg: Tuesday, 21 April 2015: Harmony Gold Mining Company Limited ("Harmony") announces that it continues to restructure its operations for long term profitability. The restructuring at Kusasalethu was completed and the full cost saving will be realised in the June quarter. Production at the mine is ramping up to planned levels.
Overall, slow start-ups post the December holidays and safety stoppages resulted in group production being 10% lower quarter on quarter. Operating and capital costs are expected to have reduced by a similar percentage compared to the previous quarter. Underground grade remained consistent.
Harmony's results for the third quarter of financial year 2015 ended 31 March 2015 will be released on Friday, 8 May 2015 in Johannesburg via webcast and conference call only. Please refer to our website for the dial-in details.
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
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Harmony Gold Mining Ltd
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PRODUCER |
CODE : HMY |
ISIN : US4132163001 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Harmony Gold is a gold producing company based in South africa. Harmony Gold develops gold and silver in Papua New Guinea and in South Africa, and holds various exploration projects in South Africa. Its main assets in production are RANDFONTEIN UG, HARMONY 2, KALGOLD, TARGET, ELANDSKRAAL UG OPERATING SHAFT, TSHEPONG, EVANDER - 2, 3 & 5, ELANDSRAND, ELANDSKRAAL, JOEL MINE, WELKOM, EVANDER, EVANDER - MINE ON CARE, EVANDER PROJECTS BELOW INFRASTRUCTURE-EVANDER SOUTH, EVANDER STOCKPILE, BAMBANANI, PHAKISA, FREE GOLD WEST, ST HELENA, JOEL, FREE GOLD SHAFT CARE & MAINTENANCE, FREE GOLD STOCKPILE, RANDFONTEIN SURFACE STOCKPILE, ELANDSKRAAL - DEELKRAAL UG SHAFT ON CARE, ORKNEY UG OPERATING SHAFT, ORKNEY UG SHAFTS ON CARE, MERRIESPRUIT 1, MERRIESPRUIT 3, UNISEL, BRAND 3, MASIMONG, MINES ON CARE-FREE STATE, EVANDER 7, EVANDER 8, EVANDER PROJECT BELOW INFRASTRUCTURE ROLSPRUIT, EVANDER PROJECTS BELOW INFRASTRUCTURE POPLAR, EVANDER OPERATIONS, RANDFONTEIN OPERATIONS, PAMODZI (FREE STATE), DOORNKOP, EVANDER (BELOW INFRASTRUCTURE), NYALA and FREE GOLD in South Africa, HAMATA and WAFI in Papua New Guinea and SOUTH KAL MINES, UNION REEFS, BENDIGO and HIDDEN VALLEY in Australia, its main assets in development are HIDDEN VALLEY & KAVEROI in Papua New Guinea and BLOEMHOEK in South Africa and its main exploration properties are VIRGINIA OPERATIONS, PHOENIX, FREE STATE SURFACE and MIDDELVLEI in South Africa and GOLPU and NAMBONGA in Papua New Guinea. Harmony Gold is listed in France, in Germany, in United Kingdom and in United States of America. Its market capitalisation is US$ 4.0 billions as of today (€ 3.7 billions). Its stock quote reached its highest recent level on July 27, 2012 at US$ 9.99, and its lowest recent point on November 20, 2015 at US$ 0.53. Harmony Gold has 439 960 000 shares outstanding. |