Harmony Gold – African Rainbow Minerals (ARM)
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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.

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