Report of Foreign Issuer (6-k)

Date : 11/13/2019 @ 3:41PM
Source : Edgar (US Regulatory)
Stock : Harmony Gold Mining Company Limited (HMY)
Quote : 3.12  -0.08 (-2.50%) @ 1:00AM
After Hours
Last Trade
Last $ 3.10 ▼ -0.02 (-0.64%)

Report of Foreign Issuer (6-k)

 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6­K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a­16 OR 15d­16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For November 13, 2019

Harmony Gold Mining Company Limited

Randfontein Office Park
Corner Main Reef Road and Ward Avenue Randfontein, 1759
South Africa
(Address of principal executive offices)
*-­
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20­ F or Form 40­F.)

Form 20F                 Form 40F

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3­2(b) under the Securities Exchange Act of 1934.)

Yes                    No x


 






Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” or “the company”)

OPERATIONAL UPDATE FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2019

Johannesburg. Wednesday, 13 November 2019. Harmony Gold Mining Company (“Harmony” or “the company”) is pleased to report that good momentum at most of its mines, together with a higher Rand gold price received, resulted in much stronger cash operating cash flows in the first quarter of financial year 2020 (FY20).
Gold production from the South African underground operations quarter on quarter was 7% higher at 8 736kg, Total gold production rose by 1.5% to 11 231kg. Underground recovered grade reduced by 5.4% to 5.26g/t at the South African underground operations.
Lower grades were anticipated at Joel and Hidden Valley, and at the South African underground mines nearing the end of their lives (Bambanani, Masimong and Unisel). Higher grades are expected from both Joel and Hidden Valley (as we transition from stage 5 to stage 6 cutbacks) towards the fourth quarter.
An unexpected geological structure in one high grade raiseline at Kusasalethu resulted in four panels being stopped. Given the erratic nature of the Ventersdorp Contact Reef, some high grade areas are currently being mined at lower grades than expected. We believe Kusasalethu should be back on plan towards the end of FY20.
Total gold revenue was 20% higher at about R8 billion - a consequence mainly of a 12% increase in the average Rand gold price received to R683 572/kg and the increase in gold sold during the quarter. Production profit was 34% higher at R2.4 billion. Total cash operating costs increased by 10.9% (R536 million). Once-off winter electricity tariffs (R271 million) and annual wage increases of R181 million were the primary contributors, accounting for 5.5% and 3.7% respectively of the increase in total cash costs.

*Operating free cash flow margin is defined as revenue - cash operating cost - capital expenditure + impact of run of mine (ROM) costs as per operating results.



















OPERATING RESULTS SUMMARY
 
 
Quarter
September
2019
Quarter
June
2019
Q-on-Q
Variance
%
Quarter
September
2018
Comparative Q-on-Q*
Variance*
%
Gold produced
kg
11 231
11 061
2
11 773
(5)
 
oz
361 085
355 620
2
378 510
(5)
Underground grade
g/t
5.26
5.56
(5)
5.68
(7)
Gold price received
R/kg
683 572
607 723
12
570 545
20
 
US$/oz
1 449
1 315
10
1 263
15
Cash operating costs
R/kg
484 604
443 590
(9)
428 826
(13)
 
US$/oz
1 027
960
(7)
949
(8)
All-in sustaining costs
R/kg
589 597
570 149
(3)
526 747
(12)
 
US$/oz
1 250
1 234
(1)
1 166
(7)
Production profit
R million
2 379
1 775
34
1 678
42
 
US$ million
162
123
32
119
36
Exchange rate
R/US$
14.68
14.37
2
14.05
4
* September 2019 quarter and September 2018 quarter comparison
Quarter-on-quarter operating tables have been included on pages 3 to 4 (R/metric) and pages 5 to 6 (US$/imperial).

The operational update has not been reviewed by the company’s external auditors. Detailed financial and operational results are provided on a six monthly basis at the end of December and June.

WAFI-GOLPU

Permitting delays have necessitated the Wafi-Golpu Joint Venture (“WGJV”) revising the work programme previously planned to start this financial year. The legal proceedings giving rise to these delays remain unresolved, and an ongoing review by the PNG Government of policies governing the mining industry may further delay permitting timelines.
It is difficult to estimate the duration of the delay and the market will be advised when discussions resume. The Government continues to signal its support for the project.
Harmony continues to pursue safe profitable production and increased margins, as well as value-accretive opportunities and organic growth, to replenish mined ounces.

HEDGING UPDATE

During the quarter, the volatility and weakening of the Rand exchange rate against the US dollar, combined with the increase in the gold price, presented an opportunity to top up and maintain our hedging programme.


















The table below shows the open position at 30 September 2019:
Harmony Gold Hedge position as at 30 September 2019
 
 
FY 2020
FY2021
FY2022
TOTAL
 
 
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Rand Gold
 
 
 
 
 
 
 
 
 
 
Forward Contracts
koz
 95
 95
 96
 77
 75
 74
 61
 25
 598
 
R’000/kg
 642
 648
 661
 672
 679
 690
 728
 787
 675
Dollar Gold
 
 
 
 
 
 
 
 
 
 
Forward Contracts
koz
 12
 12
 12
 12
 9
 7
 4
 2
 70
 
US$/oz
 1 363
 1 357
 1 370
 1 413
 1 417
 1 456
 1 477
 1 532
 1 400
Total Gold
koz
 107
 107
 108
 89
 84
 81
 65
 27
 668
Currency Hedges
 
 
 
 
 
 
 
 
 
 
Rand Dollar
 
 
 
 
 
 
 
 
 
 
Zero Cost Collars
$m
 79
 76
 74
 64
 59
 52
 29
 5
 438
 
Floor R/$
 14.63
 14.82
 14.99
 15.30
 15.32
 15.46
 15.62
 15.91
 15.09
 
Cap R/$
 15.44
 15.66
 15.85
 16.22
 16.38
 16.54
 16.76
 17.31
 16.03
Forward Contracts
$m
 45
 64
 60
 61
 35
 24
 6
0
 295
 
R/$
 15.13
 15.28
 15.44
 15.89
 15.82
 15.96
 16.23
0
 15.49
Total Rand Dollar
$m
 124
 140
 134
 125
 94
 76
 35
 5
 733
Dollar Silver
 
 
 
 
 
 
 
 
 
 
Zero Cost Collars
koz
 300
 300
 300
 240
 220
 210
 180
 140
 1 890
 
Floor $/oz
 17.06
 17.06
 17.06
 17.38
 17.93
 18.07
 18.32
 18.43
 17.54
 
Cap $/oz
 18.43
 18.43
 18.43
 18.79
 19.38
 19.53
 19.82
 19.95
 18.95
Approved hedging limits: 25% currency (R/US$) over a 24-month period;23% gold over a 24-month period; 50% silver over a 24-month period.

FY20 GUIDANCE UPDATE
Harmony’s plans to produce approximately 1.46Moz in FY2020 remain unchanged.
Cost guidance remains at an all-in sustaining unit cost of R579 000/kg.
























Operating results - Quarter on Quarter (Rand/metric)                                                                                    
 
 
 
SOUTH AFRICAN OPERATIONS
Papua New Guinea Hidden
 Valley
Total
Harmony
 
 
 
Underground production
Surface production
Total
South
Africa
 
 
Three
months ended
Tshepong
operations
Moab Khotsong
Bambanani
Joel
Doornkop
Target 1
Kusasalethu
Masimong
Unisel
Total Under-ground
Phoenix
Central plant reclamation
Dumps
Kalgold
Total
Surface
Ore milled
- t’000
Sep-19
 469
 249
 64
 129
 192
 150
 171
 167
 69
 1 660
 1 637
 1 008
 978
 414
 4 037
 5 697
 974
 6 671
Jun-19
 401
 207
 54
 110
 152
 142
 196
 144
 67
 1 473
 1 521
 988
 1 058
 399
 3 966
 5 439
 1 038
 6 477
Yield
- g/tonne
Sep-19
 4.97
 9.28
 9.86
 3.23
 4.06
 3.56
 4.98
 3.77
 3.62
 5.26
 0.134
 0.151
 0.338
 0.71
 0.25
 1.71
 1.54
 1.68
Jun-19
 4.94
 8.56
 11.37
 4.11
 3.95
 3.59
 6.94
 4.27
 4.27
 5.56
 0.131
 0.152
 0.358
 0.86
 0.27
 1.70
 1.73
 1.71
Gold produced
- kg
Sep-19
 2 333
 2 311
 631
 417
 779
 534
 851
 630
 250
 8 736
 219
 152
 331
 296
 998
 9 734
 1 497
 11 231
Jun-19
 1 982
 1 772
 614
 452
 600
 510
 1 361
 615
 286
 8 192
 199
 150
 379
 345
 1 073
 9 265
 1 796
 11 061
Gold sold
- kg
Sep-19
 2 398
 2 435
 649
 429
 823
 560
 933
 648
 257
 9 132
 227
 154
 349
 296
 1 026
 10 158
 1 528
 11 686
Jun-19
 2 012
 1 673
 623
 469
 591
 514
 1 341
 624
 290
 8 137
 198
 150
 370
 348
 1 066
 9 203
 1 762
 10 965
Gold price received
- R/kg
Sep-19
 685 373
 691 927
 686 963
 683 343
 693 610
 647 448
 682 840
 659 838
 656 339
 682 667
 665 291
 691 455
 686 599
 689 524
 683 457
 682 747
 689 058
 683 572
Jun-19
 607 648
 604 077
 607 610
 608 258
 610 597
 604 368
 606 926
 609 325
 606 662
 606 927
 602 955
 606 427
 607 495
 609 371
 607 114
 606 949
 611 764
 607 723
Gold revenue
(R’000)
Sep-19
 1 643 524
 1 684 842
 445 839
 293 154
 570 841
 362 571
 637 090
 427 575
 168 679
 6 234 115
 151 021
 106 484
 239 623
 204 099
 701 227
 6 935 342
 1 052 880
 7 988 222
Jun-19
 1 222 587
 1 010 621
 378 541
 285 273
 360 863
 310 645
 813 888
 380 219
 175 932
 4 938 569
 119 385
 90 964
 224 773
 212 061
 647 183
 5 585 752
 1 077 928
 6 663 680
Cash operating cost
(net of by-product credits)
(R’000)
Sep-19
 1 152 940
 906 800
 281 024
 278 038
 431 551
 386 523
 687 942
 342 972
 161 941
 4 629 731
 96 329
 57 793
 176 602
 177 036
 507 760
 5 137 491
 305 102
 5 442 593
Jun-19
 1 016 090
 797 715
 250 599
 252 017
 388 784
 356 421
 612 656
 298 950
 140 679
 4 113 911
 90 190
 48 708
 173 901
 185 855
 498 654
 4 612 565
 293 983
 4 906 548
Inventory movement
(R’000)
Sep-19
 27 617
 55 231
 10 517
 4 733
 26 897
 15 126
 35 676
 10 573
 5 816
 192 186
 4 051
 11
 5 538
 (2 225)
 7 375
 199 561
 (33 232)
 166 329
Jun-19
 13 944
 (39 264)
 29 669
 (10 685)
 (19 220)
 222
 (7 104)
 8 887
 4 678
 (18 873)
 189
 141
 (2 108)
 2 605
 827
 (18 046)
 356
 (17 690)
Operating costs
(R’000)
Sep-19
 1 180 557
 962 031
 291 541
 282 771
 458 448
 401 649
 723 618
 353 545
 167 757
 4 821 917
 100 380
 57 804
 182 140
 174 811
 515 135
 5 337 052
 271 870
 5 608 922
Jun-19
 1 030 034
 758 451
 280 268
 241 332
 369 564
 356 643
 605 552
 307 837
 145 357
 4 095 038
 90 379
 48 849
 171 793
 188 460
 499 481
 4 594 519
 294 339
 4 888 858
Production profit
(R’000)
Sep-19
 462 967
 722 811
 154 298
 10 383
 112 393
 (39 078)
 (86 528)
 74 030
 922
 1 412 198
 50 641
 48 680
 57 483
 29 288
 186 092
 1 598 290
 781 010
 2 379 300
Jun-19
 192 553
 252 170
 98 273
 43 941
 (8 701)
 (45 998)
 208 336
 72 382
 30 575
 843 531
 29 006
 42 115
 52 980
 23 601
 147 702
 991 233
 783 589
 1 774 822
Capital expenditure
(R’000)
Sep-19
 267 564
 152 598
 17 455
 43 865
 87 091
 78 477
 52 542
 7 593
 1 884
 709 069
0
 1 647
0
 23 007
 24 654
 733 723
 498 293
 1 232 016
Jun-19
 299 969
 140 258
 14 176
 52 867
 91 964
 69 738
 77 161
 29 300
 15 200
 790 633
 2 262
 2 420
 1 247
 19 788
 25 717
 816 350
 478 292
 1 294 642
Cash operating costs
- R/kg
Sep-19
 494 188
 392 384
 445 363
 666 758
 553 981
 723 826
 808 392
 544 400
 647 764
 529 960
 439 858
 380 217
 533 541
 598 095
 508 778
 527 788
 203 809
 484 604
Jun-19
 512 659
 450 178
 408 142
 557 560
 647 973
 698 865
 450 151
 486 098
 491 885
 502 186
 453 216
 324 720
 458 842
 538 710
 464 729
 497 848
 163 688
 443 590
Cash operating costs
- R/tonne
Sep-19
 2 458
 3 642
 4 391
 2 155
 2 248
 2 577
 4 023
 2 054
 2 347
 2 789
 59
 57
 181
 428
 126
 902
 313
 816
Jun-19
 2 534
 3 854
 4 641
 2 291
 2 558
 2 510
 3 126
 2 076
 2 100
 2 793
 59
 49
 164
 466
 126
 848
 283
 758
Cash operating cost and Capital
- R/kg
Sep-19
 608 874
 458 415
 473 025
 771 950
 665 779
 870 787
 870 134
 556 452
 655 300
 611 126
 439 858
 391 053
 533 541
 675 821
 533 481
 603 166
 536 670
 594 302
Jun-19
 664 006
 529 330
 431 230
 674 522
 801 247
 835 606
 506 846
 533 740
 545 031
 598 699
 464 583
 340 853
 462 132
 596 067
 488 696
 585 960
 429 997
 560 636
All-in sustaining cost
- R/kg
Sep-19
 605 270
 455 307
 489 465
 754 319
 649 472
 841 867
 851 301
 572 216
 674 455
 607 285
 442 203
 375 351
 521 891
 682 721
 528 664
 599 109
 526 372
 589 597
Jun-19
 657 036
 548 778
 490 313
 607 879
 757 322
 828 122
 526 006
 564 142
 577 496
 605 718
 467 884
 341 793
 467 676
 628 002
 502 340
 591 778
 457 207
 570 149
Operating free cash flow margin¹
%
Sep-19
14
37
33
(10)
9
(28)
(16)
18
3
14
36
44
26
2
24
15
19
16
Jun-19
(8)
7
30
(7)
(33)
(37)
15
14
11
1
23
44
22
4
19
3
30
7

¹ Excludes run of mine costs for Kalgold (Sep-19:R0.492m, Jun-19:R2.726m) and Hidden Valley (Sep-19:-R49.671m, Jun-19:R14.709m).







Operating results - Quarter on Quarter (US$/imperial)                                                                        
 
 
 
SOUTH AFRICAN OPERATIONS
Papua New Guinea Hidden
 Valley
Total
Harmony
 
 
 
Underground production
Surface production
 
 
 
Three
months ended
Tshepong
operations
Moab Khotsong
Bambanani
Joel
Doornkop
Target 1
Kusasalethu
Masimong
Unisel
Total Under-ground
Phoenix
Central plant reclamation
Dumps
Kalgold
Total
Surface
Total
South
Africa
 
 
Ore milled
- t’000
Sep-19
 517
 275
 71
 142
 212
 165
 189
 184
 76
 1 831
 1 805
 1 112
 1 078
 457
 4 452
 6 283
 1 074
 7 357
Jun-19
 442
 228
 60
 121
 168
 157
 216
 159
 74
 1 625
 1 677
 1 089
 1 167
 440
 4 373
 5 998
 1 145
 7 143
Yield
- oz/ton
Sep-19
 0.145
 0.270
 0.286
 0.094
 0.118
 0.104
 0.145
 0.110
 0.106
 0.153
 0.004
 0.004
 0.010
 0.021
 0.007
 0.050
 0.045
 0.049
Jun-19
 0.144
 0.250
 0.329
 0.120
 0.115
 0.104
 0.203
 0.124
 0.124
 0.162
 0.004
 0.004
 0.010
 0.025
 0.008
 0.050
 0.050
 0.050
Gold produced
- oz
Sep-19
 75 008
 74 300
 20 287
 13 407
 25 045
 17 168
 27 360
 20 255
 8 038
 280 868
 7 041
 4 887
 10 642
 9 517
 32 087
 312 955
 48 130
 361 085
Jun-19
 63 723
 56 971
 19 741
 14 532
 19 290
 16 397
 43 757
 19 773
 9 195
 263 379
 6 398
 4 823
 12 185
 11 092
 34 498
 297 877
 57 743
 355 620
Gold sold
- oz
Sep-19
 77 097
 78 287
 20 866
 13 793
 26 460
 18 004
 29 997
 20 834
 8 263
 293 601
 7 298
 4 951
 11 221
 9 517
 32 987
 326 588
 49 126
 375 714
Jun-19
 64 687
 53 788
 20 030
 15 079
 19 001
 16 525
 43 114
 20 062
 9 324
 261 610
 6 366
 4 823
 11 896
 11 188
 34 273
 295 883
 56 650
 352 533
Gold price received
- $/oz
Sep-19
 1 453
 1 466
 1 456
 1 448
 1 470
 1 372
 1 447
 1 398
 1 391
 1 447
 1 410
 1 466
 1 455
 1 461
 1 449
 1 447
 1 460
 1 449
Jun-19
 1 315
 1 307
 1 315
 1 316
 1 321
 1 308
 1 313
 1 319
 1 313
 1 313
 1 305
 1 312
 1 315
 1 319
 1 314
 1 313
 1 324
 1 315
Gold revenue
($’000)
Sep-19
 111 989
 114 805
 30 379
 19 975
 38 897
 24 706
 43 411
 29 135
 11 494
 424 791
 10 291
 7 256
 16 328
 13 907
 47 782
 472 573
 71 743
 544 316
Jun-19
 85 063
 70 315
 26 338
 19 848
 25 108
 21 614
 56 627
 26 454
 12 241
 343 608
 8 306
 6 329
 15 639
 14 754
 45 028
 388 636
74 998
463 634
Cash operating cost
(net of by-product credits)
($’000)
Sep-19
 78 561
 61 790
 19 149
 18 945
 29 406
 26 338
 46 876
 23 370
 11 035
 315 470
 6 564
 3 938
 12 034
 12 064
 34 600
 350 070
 20 790
 370 860
Jun-19
 70 695
 55 503
 17 435
 17 535
 27 050
 24 798
 42 627
 20 799
 9 788
 286 230
 6 275
 3 389
 12 100
 12 931
 34 695
 320 925
 20 454
 341 379
Inventory movement
($’000)
Sep-19
 1 882
 3 763
 717
 323
 1 833
 1 031
 2 431
 720
 396
 13 096
 276
 1
 377
 (152)
 502
 13 598
 (2 264)
 11 334
Jun-19
 970
 (2 732)
 2 064
 (743)
 (1 337)
 15
 (494)
 618
 325
 (1 314)
 13
 10
 (147)
 181
 57
 (1 257)
 25
 (1 232)
Operating costs
($’000)
Sep-19
 80 443
 65 553
 19 866
 19 268
 31 239
 27 369
 49 307
 24 090
 11 431
 328 566
 6 840
 3 939
 12 411
 11 912
 35 102
 363 668
 18 526
 382 194
Jun-19
 71 665
 52 771
 19 499
 16 792
 25 713
 24 813
 42 133
 21 417
 10 113
 284 916
 6 288
 3 399
 11 953
 13 112
 34 752
 319 668
 20 479
 340 147
Production profit
($’000)
Sep-19
 31 546
 49 252
 10 513
 707
 7 658
 (2 663)
 (5 896)
 5 045
 63
 96 225
 3 451
 3 317
 3 917
 1 995
 12 680
 108 905
 53 217
 162 122
Jun-19
 13 398
 17 544
 6 839
 3 056
 (605)
 (3 199)
 14 494
 5 037
 2 128
 58 692
 2 018
 2 930
 3 686
 1 642
 10 276
 68 968
 54 519
 123 487
Capital expenditure
($’000)
Sep-19
 18 231
 10 396
 1 189
 2 988
 5 934
 5 347
 3 580
 517
 128
 48 310
0
 112
0
 1 568
 1 680
 49 990
 33 954
 83 944
Jun-19
 20 870
 9 758
 986
 3 678
 6 399
 4 852
 5 369
 2 039
 1 058
 55 009
 157
 168
 87
 1 377
 1 789
 56 798
 33 278
 90 076
Cash operating costs
- $/oz
Sep-19
 1 047
 832
 944
 1 413
 1 174
 1 534
 1 713
 1 154
 1 373
 1 123
 932
 806
 1 131
 1 268
 1 078
 1 119
 432
 1 027
Jun-19
 1 109
 974
 883
 1 207
 1 402
 1 512
 974
 1 052
 1 064
 1 087
 981
 703
 993
 1 166
 1 006
 1 077
 354
 960
Cash operating costs
- $/t
Sep-19
 152
 225
 270
 133
 139
 160
 248
 127
 145
 172
 4
 4
 11
 26
 8
 56
 19
 50
Jun-19
 160
 243
 291
 145
 161
 158
 197
 131
 132
 176
 4
 3
 10
 29
 8
 54
 18
 48
Cash operating cost and Capital
- $/oz
Sep-19
 1 290
 972
 1 003
 1 636
 1 411
 1 846
 1 844
 1 179
 1 389
 1 295
 932
 829
 1 131
 1 432
 1 131
 1 278
 1 137
 1 260
Jun-19
 1 437
 1 146
 933
 1 460
 1 734
 1 808
 1 097
 1 155
 1 180
 1 296
 1 005
 738
 1 000
 1 290
 1 058
 1 268
 931
 1 213
All-in sustaining cost
- $/oz
Sep-19
 1 283
 965
 1 037
 1 599
 1 376
 1 784
 1 804
 1 213
 1 429
 1 287
 937
 796
 1 106
 1 447
 1 120
 1 270
 1 110
 1 250
Jun-19
 1 422
 1 188
 1 061
 1 315
 1 639
 1 792
 1 138
 1 221
 1 250
 1 311
 1 013
 740
 1 012
 1 359
 1 087
 1 281
 988
 1 234
Operating free cash flow margin¹
%
Sep-19
14
37
33
(10)
9
(28)
(16)
18
3
14
36
44
26
2
24
15
19
16
Jun-19
(8)
7
30
(7)
(33)
(37)
15
14
11
1
23
44
22
4
19
3
30
7
¹ Excludes run of mine costs for Kalgold (Sep-19:US$0.034m, Jun-19:US$0.190m) and Hidden Valley (Sep-19:-US$3 385m, Jun-19:US$1.023m).






HARMONY GOLD MINING COMPANY LIMITED
Harmony Gold Mining Company Limited was incorporated and registered as a public company in South Africa on 25 August 1950
Registration number: 1950/038232/06
Corporate office
Randfontein Office Park
PO Box 2
Randfontein, 1760
South Africa
Corner Main Reef Road and Ward Avenue Randfontein, 1759, South Africa
Telephone: +27 11 411 2000
Website: www.harmony.co.za
DIRECTORS
Dr PT Motsepe* (chairman)
JM Motloba* (deputy chairman)
M Msimang*^ (lead independent director)
PW Steenkamp ** (chief executive officer)
F Abbott ** (financial director)
HE Mashego** (executive director)
JA Chissano*1^
FFT De Buck*^
KV Dicks*^
Dr DSS Lushaba*^
HG Motau*^
KT Nondumo*^
VP Pillay*^
GR Sibiya*^
MV Sisulu*^
JL Wetton*^
AJ Wilkens*
* Non-executive
** Executive
^ Independent
1 Mozambican
TRADING SYMBOLS
JSE Limited: HAR
New York Stock Exchange: HMY
ISIN: ZAE 000015228
INVESTOR RELATIONS
E-mail: HarmonyIR@harmony.co.za
Telephone: +27 11 411 2314
Website: www.harmony.co.za
Marian van der Walt
Executive: Corporate and Investor relations
+27 (0)82 888 1242
Marian.vanderWalt@Harmony.co.za
Max Manoeli
Senior Investor Relations Coordinator
+27(0)82 759 1775
Max.Manoeli@Harmony.co.za





James Duncan
R&A Strategic Communications
+27 (0)79 336 4010
james@rasc.co.za
COMPANY SECRETARY
Telephone: +27 11 411 2094
E-mail: companysecretariat@harmony.co.za
SPONSOR
JP Morgan Equities South Africa (Pty) Ltd
1 Fricker Road, corner Hurlingham Road,
Illovo, Johannesburg, 2196
Private Bag X9936 Sandton, 2146
Telephone: +27 11 507 0300
Fax: +27 11 507 0503
TRANSFER SECRETARIES
Link Market Services South Africa (Proprietary) Limited
(Registration number 2000/007239/07)
13th Floor, Rennie House,
Ameshoff Street, Braamfontein
PO Box 4844
Johannesburg, 2000
South Africa
Telephone: 0861 546 572
E-mail: info@linkmarketservices.co.za
Fax: +27 86 674 4381
ADR* DEPOSITARY
Deutsche Bank Trust Company Americas c/o American Stock Transfer and Trust Company
Deutsche Bank Trust Company Americas
c/o AST
Operations Centre
6201 15th Avenue
Brooklyn
NY11219
E-mail queries: db@astfinancial.com
Website: www.astfinancial.com
Toll free (within US): +1-886-249-2593
Int: +1-718-921-8124
Fax: +1-718-921-8334
*ADR: American Depositary Receipts
HARMONY’S ANNUAL REPORTS
Harmony’s Integrated Annual Report, and its annual report filed on a Form 20F with the United States’ Securities and Exchange Commission for the financial year ended 30 June 2019, are available on our website (www.harmony.co.za/invest)









FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements within the meaning of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), with respect to our financial condition, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters.
These forward-looking statements, including, among others, those relating to our future business prospects, revenues, and the potential benefit of acquisitions (including statements regarding growth and cost savings) wherever they may occur in this report and the exhibits, are necessarily estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward looking statements should be considered in light of various important factors, including those set forth in this report. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation: overall economic and business conditions in South Africa, Papua New Guinea, Australia and elsewhere; estimates of future earnings, and the sensitivity of earnings to gold and other metals prices; estimates of future gold and other metals production and sales; estimates of future cash costs; estimates of future cash flows, and the sensitivity of cash flows to the gold and other metals prices; estimates of provision for silicosis settlement; statements regarding future debt repayments; estimates of future capital expenditures; the success of our business strategy, development activities and other initiatives; future financial position, plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings and financing plans; estimates of reserves statements regarding future exploration results and the replacement of reserves; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, as well as at existing operations; fluctuations in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labor disruptions; power cost increases as well as power stoppages, fluctuations and usage constraints; supply chain shortages and increases in the prices of production imports and the availability, terms and deployment of capital; changes in government regulation and the political environment, particularly tax, mining rights, environmental regulation and business ownership including any interpretation thereof; fluctuations in exchange rates and currency devaluations and other macroeconomic monetary policies; the adequacy of the Group’s insurance coverage; and socio-economic or political instability in South Africa, Papua New Guinea, Australia and other countries in which we operate.
For a more detailed discussion of such risks and other factors (such as availability of credit or other sources of financing), see the Company’s latest Integrated Annual Report and Form 20-F which is on file with the Securities and Exchange Commission, as well as the Company’s other Securities and Exchange Commission filings. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events, except as required by law. The foregoing factors and others described under “Risk Factors” should not be construed as exhaustive.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

 
Harmony Gold Mining Company Limited
 
 
Date: November 13, 2019
By: /s/ Frank Abbott
 
Name: Frank Abbott
 
Title: Financial Director




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