With operations and projects in South Africa, Papua New Guinea and Australia, Harmony is a gold mining specialist with a growing international copper footprint.
FY24 performance
Gold produced
1.56Moz (FY23: 1.47Moz)
Revenue generated
R61.38bn (FY23: R49.28bn)
Production profit
R22.46bn (FY23: R14.41bn)
All-in sustaining cost
R901 550/kg
(US$1 500/oz)
(FY23: R889 766/kg; US$1558/oz)
Our strategy
To produce safe profitable ounces and improve margins through operational excellence and value-accretive acquisitions.
Responsible stewardship
Embedding ESG in our business to deliver sustainable business practices – protecting and preserving the environment and creating shared value for our stakeholders.
Operational excellence
Improving the safety, productivity and efficiency of our operations while ensuring we meet annual production guidance and achieve operational plans.
Cash certainty
Maintaining a strong and flexible balance sheet and a net cash position with excellent liquidity.
Effective capital allocation
Evaluating and prioritising safe, organic growth opportunities and value-accretive acquisitions to deliver positive stakeholder returns and increase margins.
WHAT DIFFERENTIATES US
A solid investment case, a compelling gold-copper story
Lower risk
profile
- Prioritising safety
- Embedding ESG
through clear,
sustainable
development strategy - Continuous skills
development - Experienced
management - Strong succession
pipeline
Strong operational metrics
- Operational excellence and good momentum at each mine
- Better efficiencies
through various
business improvement
initiatives - Project execution
discipline - Geared exposure to
Rand/kg gold price
Long, diversified production profile
- Significant gold-copper Resource base
- Excellent Resource to
Reserve conversion
potential - Identifying growth
opportunities that lower
risk and increase
margins - Near-term copper
production - Tier 1 copper-gold
porphyry
Robust and flexible
balance sheet
- Net cash position with excellent liquidity
- Ability to fund capital
and approved projects
internally at current
gold prices - Clear hedging strategy
Clear capital allocation framework
- Balancing growth aspirations with shareholder returns
- Consistent dividends in line with policy