Harmony Gold Mining Company Limited (Harmony) operates and develops world class gold assets in South Africa. It has 10 underground mines, one open pit operation and several surface sources in South Africa. Harmony also has a 50% joint venture in Papua New Guinea (PNG) with Newcrest Mining Limited (Newcrest), which includes the Hidden Valley open pit mine, the Wafi-Golpu exploration project as well as other exploration properties. Harmony also has 100%-owned, PNG exploration areas. Harmony employs approximately 40 000 people including contractors.
Harmony’s full results for its financial year ended 30 June 2012 may be viewed on the company’s website www.harmony.co.za
| F2012 | F2011 | ||
|---|---|---|---|
| Gold produced | Kg | 39 642 | 40 535 |
| 000oz | 1 275 | 1 303 | |
| Operating cost | R/kg | 270 918 | 226 667 |
| US$/oz | 1 085 | 1 009 | |
| Financial performance | |||
| Revenue 1 | R million | 15 169 | 11 596 |
| Production costs 1 | R million | 9 911 | 8 504 |
| Production profit 1 | R million | 5 258 | 3 092 |
| Net profit/(loss) for the year (includes discontinued operations) | R million | 2 645 | 617 |
| Total headline(loss)/earnings per share (includes discontinued operations) | R million | 565 | 223 |
| Total capital expenditure | R million | 3 226 | 3 143 |
| Market performance | |||
| Average gold price received | R/kg | 419 492 | 307 875 |
| US$/oz | 1 680 | 1 370 | |
| Market capitalisation | R billion | 33.0 | 38.7 |
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