Company announcements Home » Investors » News » Company announcements » Harmony’s half-year production in line with operational guidance for FY2021 2021 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony’s half-year production in line with operational guidance for FY2021January 25, 2021Boosted by production from newly acquired assets Johannesburg, Monday, 25 January 2021. Harmony Gold Mining Company Limited (“Harmony” and/or “the Company”) is pleased to announce that it is on target to meet annual gold production guidance of between 1.26Moz and 1.3Moz after producing 23 183kg (745 347oz) in the six months ended 31 December 2020. Total production for the quarter ended 31 December 2020 increased by 38% to 13 425kg (431 622oz) compared to 9 758kg (313 725oz) in the September 2020 quarter, with the average recovered underground grade increasing by 9% from 5.31g/t to 5.80g/t quarter on quarter. For the six months to 31 December 2020, total production increased by 8% to 23 183kg compared to the 21 411 kilograms in the six months ended 31 December 2019. Underground recovered grade increased by 5% from 5.29g/t to 5.58g/t. Higher gold production was due to the integration of the Mponeng and Mine Waste Solutions assets, the effective measures adopted in preventing and mitigating the impact of COVID-19 and disciplined mining. Since assuming full ownership of Mponeng mine, Mine Waste Solutions and related assets on 1 October 2020, these acquired assets have contributed 3 220kg (103 525oz). Excluding these acquired assets, Harmony has met its half year production guidance. Harmony will provide an update on its annual guidance – which will include the projections of these assets – at its results presentation on the 23rd of February 2021. “In navigating the return-to-work challenges, top of mind was the health, safety and overall wellbeing of our employees. I wish to commend our health and operational teams for the remarkable job done in ensuring a safe return to work. The integration of Mponeng and Mine Waste Solutions went according to plan and contributed both to the quality of the ounces produced and overall production,” said chief executive officer Peter Steenkamp. The all-in-sustaining costs, together with Harmony’s financial results are being finalised and will be shared when the Company reports its results for the half-year on Tuesday, 23 February 2021 on a virtual platform. For more details contact: Marian van der Walt Senior Group Executive: Enterprise Risk and Investor Relations +27 (0) 82 888 1242 Max Manoeli Investor Relations and Social Media Manager +27 (0) 82 759 1775 JSE Sponsor: J.P. Morgan Equities South Africa Propriety Limited 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 70 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.
