UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For 18 July 2016
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 40-F.)
Form 20-F X
Form 40-F
(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 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes
No X
Page
1
of
1
Issued by Harmony Gold
Mining Company Limited
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
Tel: +27 (0)82 759 1775 (mobile)
Investor Relations Manager
Tel: +27 (0)82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor
Relations
Tel: +27 (0)82 888 1242 (mobile)
Executive: Corporate and Investor
Relations
Tel: +27 (0)82 888 1242 (mobile)
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE:
JSE:
HAR
NYSE: HMY
ISIN no:
ZAE000015228
ZAE000015228
Registration no: 1950/038232/06
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. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
(Harmony), a world-class gold mining
and exploration company, has
operations and assets in South Africa
and Papua New Guinea. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
The company’s primary stock exchange
listing is on the JSE with a secondary
listing on the New York Stock
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.
are in South Africa and the United
States. Additional information on the
company is available on the corporate
website, www.harmony.co.za.
Harmony meets annual production guidance; creates further
cash certainty
cash certainty
Johannesburg: Monday, 18 July 2016. Harmony Gold Mining Company
Limited (Harmony and/or the Company) is pleased to announce that it has
met its annual production guidance of approximately 1.1 million ounces. Year
on year Harmony continued to differentiate itself through quality grade
management, increasing underground grade by 6% to 5.02g/t – making it the
fourth consecutive year of increased recovered underground grades.
Limited (Harmony and/or the Company) is pleased to announce that it has
met its annual production guidance of approximately 1.1 million ounces. Year
on year Harmony continued to differentiate itself through quality grade
management, increasing underground grade by 6% to 5.02g/t – making it the
fourth consecutive year of increased recovered underground grades.
To create further cash certainty, Harmony has entered into short term gold
forward sale contracts for a total of 432 000 ounces over a period of
24 months, representing approximately 20% of the Company’s total
production. The sharp increase in and the volatility of the R/kg gold price
provided Harmony with an opportunity to lock in 20% of its gold sales at a very
attractive average rate of approximately R682 000/kg. The limited size and
duration of the hedge means shareholders retain full upside exposure on 80%
of Harmony’s future gold production for the next two years, after which
shareholders will have 100% exposure to the gold price.
forward sale contracts for a total of 432 000 ounces over a period of
24 months, representing approximately 20% of the Company’s total
production. The sharp increase in and the volatility of the R/kg gold price
provided Harmony with an opportunity to lock in 20% of its gold sales at a very
attractive average rate of approximately R682 000/kg. The limited size and
duration of the hedge means shareholders retain full upside exposure on 80%
of Harmony’s future gold production for the next two years, after which
shareholders will have 100% exposure to the gold price.
“Our hard work has paid off and I am extremely pleased with Harmony’s
performance. Harmony is well positioned to benefit from a strong
R/kg gold price. We remain positive on the strength of the gold price, with
cash certainty being key in times of extreme gold price volatility. The gold
hedge was a necessary short term step to secure our margins at some of our
higher cost operations and creates certainty on a portion of our future cash
flows. It enables us to further reduce our debt and strengthen our balance
sheet,” said Peter Steenkamp, chief executive officer of Harmony.
performance. Harmony is well positioned to benefit from a strong
R/kg gold price. We remain positive on the strength of the gold price, with
cash certainty being key in times of extreme gold price volatility. The gold
hedge was a necessary short term step to secure our margins at some of our
higher cost operations and creates certainty on a portion of our future cash
flows. It enables us to further reduce our debt and strengthen our balance
sheet,” said Peter Steenkamp, chief executive officer of Harmony.
Harmony will announce its operating and financial results for the six months
and year ended 30 June 2016 on Wednesday 17 August 2016, during a live
presentation at the Hilton Hotel, Sandton, at 9am SA time. For webcast and
dial-in information on the day, please refer to www.harmony.co.za/investors.
and year ended 30 June 2016 on Wednesday 17 August 2016, during a live
presentation at the Hilton Hotel, Sandton, at 9am SA time. For webcast and
dial-in information on the day, please refer to www.harmony.co.za/investors.
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.
Dated: July 18, 2016
Harmony Gold Mining Company Limited
By:
/s/ Franck Abbott
Name: Franck Abbott
Title: Financial Director
Title: Financial Director