Company announcements Home » Investors » News » Company announcements » Harmony delivers operational excellence – exceeds annual production guidance 2018 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony delivers operational excellence – exceeds annual production guidanceJuly 23, 2018 Johannesburg, Monday 23 July 2018. Harmony Gold Mining Company Limited (“Harmony” or the “Company”) is pleased to announce that it has exceeded annual FY18 production guidance by 4%. Operational highlights include: Production guidance achieved – third consecutive year Gold production of 1.228 million ounces achieved, exceeding annual production guidance of 1.18 million ounces. The South African operations recorded a 14% increase in gold production of which Moab Khotsong produced 105 900 ounces (contributing 10% of the increase in SA gold production) for the four months the operation has been included in Harmony’s asset portfolio 8% increase in underground recovered grade – sixth consecutive year of increasing grade Underground recovered grade of 5.48g/t achieved in FY18 Costs well contained All-in sustaining cost is expected to be below guidance of R520 000/kg “We are extremely proud of our production performance. We recognise that safety requires increased attention and we are committed to continue driving a culture of safety. Safety, costs and production are the only variables that we can control and we will build on the momentum achieved in FY18” said Peter Steenkamp, chief executive officer of Harmony. The US$200 million bridge facility raised for the Moab Khotsong transaction has been fully repaid utilising available cash resources and the proceeds received from the share placement. Harmony’s successful hedging strategy continues to lock in attractive margins. For details of the hedging programme in place at 30 June 2018 and a presentation supporting this release, please refer to https://www.harmony.co.za/wp-content/uploads/archive/Investors/Presentations/2018/fy18-operational-update-23july2018.pdf. Annual operating and financial results for the year ended 30 June 2018 will be announced on Tuesday 21 August 2018. JSE Sponsor: J.P. Morgan Equities South Africa Propriety Limited For more details, contact: Lauren Fourie Investor Relations Manager +27 (0) 71 607 1498 Marian van der WaltExecutive: Investor Relations +27 (0)82 888 1242 Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 60 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 10 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – in a joint venture in PNG. The company’s primary stock exchange listing is on the JSE with a secondary listing on the New York Stock Exchange. The bulk of our shareholders are in South Africa and the United States. Additional information on the company is available on the corporate website, www.harmony.co.za.
