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Gold: Harmony

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.

Harmonyís full results for its financial year ended 30 June 2012 may be viewed on the companyís website www.harmony.co.za

Operational performance

  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
  • 1 Excludes discontinued operations.


Partner company

Harmony Gold

www.harmony.co.za


Gold: Harmony gallery

Gold – Harmony gallery

Gold: Harmony gallery


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