HARMONY GOLD
Harmony Gold Mining Company Ltd operates and develops world-class gold assets in South Africa and Papua New Guinea (PNG) one of the world’s premier new gold-copper regions. With 69 years of experience, Harmony is currently South Africa’s largest gold producer. Harmony’s business activities cover the entire gold mining value chain – from exploring for prospects, conducting feasibility studies and developing, buying and operating mines, through to closing and rehabilitating mines at the end of their productive lives. While ARM owns 12.1% of Harmony’s issued share capital, Harmony is run separately by its own management team.
Ops review_Harmony (222.41 KB)
| unit | F2019 | F2018 Restated | |
|---|---|---|---|
| Gold produced | Kg | 44 734 | 38 193 |
| 000oz | 1 438 231 | 1 227 934 | |
| Cash operating costs | R/kg | 439 722 | 421 260 |
| US$/oz | 965 | 1 018 | |
| Financial performance | |||
| Revenue | R million | 26 912 | 20 452 |
| Production cost | R million | (28 869) | (23 596) |
| Impairment of assets | R million | (3 898) | (5 336) |
| Gross profit | R million | (1 957) | (3 144) |
| Net profite/(loss) for the year | R million | (2 607) | (4 473) |
| Total headline earnings per share | cents per share | 204 | 171 |
| Total capital expenditure | R million | 5 036 | 4 571 |
| Market performance | |||
| Average gold price received | R/kg | 586 653 | 570 709 |
| US$oz | 1 287 | 1 380 | |
| Market capitalisation | R bilion | 17.1 | 10.6 |
