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Published on 14 April 2016
Johannesburg: Thursday, 14 April 2016. Harmony Gold Mining Company Limited ('Harmony' and/or 'the Company') advises that its production guidance for the financial year of about 1.1 million ounces is maintained. The March 2016 quarter was 6% higher than the comparative quarter in the previous financial year, but 9% lower than the December 2015 quarter. Total production was impacted by the late start-ups following the December holiday, combined with the impact of the earlier than usual Easter holidays, a maintenance upgrade at Kusasalethu and a safety stoppage at Target.
Supported by stronger cash flows and mining above its guided grade of 5g/t, the Company is well positioned to further benefit from the higher gold price. Cash operating costs including capital for the March 2016 quarter is approximately R455 000/kg or US$900/oz (an exchange rate of R15.80/US$), well below the average gold price for the quarter.
The Company's net debt position by quarter end reduced by 35% to approximately R1.7 billion (from R2.5 billion at the end of the previous quarter). The strong R/kg price received during the quarter of about R600 000/kg strengthened Harmony's cash flow. Cash certainty was further created by the foreign exchange hedging contracts that were announced in February 2016. Harmony remains on track to repay all of its debt by the end of calendar year 2016.
'Our focus is firmly set on further improving our safety, achieving close to our guided production of about 1.1 million ounces for the financial year 2016 and repaying all of our debt', Peter Steenkamp, chief executive officer of Harmony, said.
Harmony has changed to semi-annual reporting (reported early March 2016) and its financial results for the 6 months and year ended 30 June 2016 will be published on 17 August 2016.
For more details contact:
Henrika Ninham
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)
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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PRODUCTEUR |
CODE : HMY |
ISIN : US4132163001 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Harmony Gold est une société de production minière d'or basée en Afrique Du Sud. Harmony Gold est en développement de projets d'or et d'argent en Afrique Du Sud et en Papouasie-Nouvelle-Guinee, et détient divers projets d'exploration en Afrique Du Sud. Ses principaux projets en production sont 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 et FREE GOLD en Afrique Du Sud, HAMATA et WAFI en Papouasie-Nouvelle-Guinee et SOUTH KAL MINES, UNION REEFS, BENDIGO et HIDDEN VALLEY en Australie, ses principaux projets en développement sont HIDDEN VALLEY & KAVEROI en Papouasie-Nouvelle-Guinee et BLOEMHOEK en Afrique Du Sud et ses principaux projets en exploration sont VIRGINIA OPERATIONS, PHOENIX, FREE STATE SURFACE et MIDDELVLEI en Afrique Du Sud et GOLPU et NAMBONGA en Papouasie-Nouvelle-Guinee. Harmony Gold est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Allemagne et en France. Sa capitalisation boursière aujourd'hui est 3,9 milliards US$ (3,6 milliards €). La valeur de son action a atteint son plus haut niveau récent le 27 juillet 2012 à 9,99 US$, et son plus bas niveau récent le 20 novembre 2015 à 0,53 US$. Harmony Gold possède 439 960 000 actions en circulation. |