Harmony’s production guidance for quarter 3, financial year 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.
For more details contact:
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)