Company announcements Home » Investors » News » Company announcements » Harmony reduces debt as cash position strengthens 2015 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony reduces debt as cash position strengthensDecember 02, 2015Johannesburg: Wednesday, 2 December 2015. Harmony Gold Mining Company Limited (Harmony and/or Company) is pleased to advise that it has repaid R1.1 billion of its debt. These repayments comprise US$50 million on its US$250 million Revolving Credit Facility (RCF) and R 400 million on its R1.3 billion Rand facility. The mining operations continue to perform in line with their plans post the September 2015 quarter. An increase in the rand gold price during October and November 2015, further strengthened the Company’s cash position. Despite the gold price trading around multi-year lows in US dollar terms, Harmony, with over 90% of its operating revenue generated in South Africa, benefits from the weak rand which more than offsets the impact of the low US dollar gold price. “Our hard work of the last couple of years are finally paying off, enabling us to reduce our debt, strengthen our balance sheet and provide us with even more certainty that we can fund the Golpu project”, said Graham Briggs, chief executive officer of Harmony. For more details contact: Henrika NinhamInvestor Relations Manager+27 (0) 82 759 1775 (mobile) Marian van der WaltExecutive: Corporate and Investor Relations+27 (0) 82 888 1242 (mobile)
