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Harmony Gold Mining Company Ltd (HARJ.J)

HARJ.J on Johannesburg Stock Exchange

2,305.00ZAc
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Harmony Gold Mining says employees at Kusasalethu mine have returned to work
Tuesday, 14 Nov 2017 02:35am EST 

Nov 14 (Reuters) - Harmony Gold Mining Company Ltd :‍EMPLOYEES AT ITS KUSASALETHU MINE HAVE RETURNED TO WORK AFTER TWO DAYS OF UNPROTECTED INDUSTRIAL ACTION AT MINE​.  Full Article

Harmony Gold Mining says Q1 gold production from South African underground operations up by 14 pct
Tuesday, 7 Nov 2017 12:05am EST 

Nov 7 (Reuters) - HARMONY GOLD MINING COMPANY LTD ::‍QUARTER ON QUARTER, Q1 GOLD PRODUCTION FROM SOUTH AFRICAN UNDERGROUND OPERATIONS INCREASED BY 14%.‍QUARTER ON QUARTER, Q1 SAW A 10% INCREASE IN ORE MILLED AND A 4% INCREASE IN RECOVERED GRADE TO 5.35G/T​.‍INCREASED PRODUCTION RESULTED IN AN 8% FALL IN ALL-IN SUSTAINING UNIT COSTS TO R487 581/KG FOR Q1 SOUTH AFRICAN UNDERGROUND OPERATIONS​.‍ALL-IN SUSTAINING COST FOR GROUP DECREASED BY 6% TO R488 176/KG (5% TO US$1 152/OZ) DUE TO INCREASED PRODUCTION IN Q1​.‍NET DEBT FOR COMPANY REMAINED LOW AT R906 MILLION (US$67 MILLION) COMPARED TO R887 MILLION (US$68 MILLION) AT 30 JUNE 2017​.  Full Article

Anglogold Ashanti to dispose some assets to Harmony Gold for $300 mln
Thursday, 19 Oct 2017 01:05am EDT 

Oct 19 (Reuters) - Anglogold Ashanti Ltd :TO DISPOSE OF VARIOUS ASSETS SITUATED IN VAAL RIVER REGION OF SOUTH AFRICA TO HARMONY GOLD MINING FOR US$300 MILLION​.‍PRODUCTION FROM REMAINING SOUTH AFRICAN OPERATIONS, WILL CONSTITUTE LESS THAN 15% OF COMPANY'S ESTIMATED ANNUAL PRODUCTION​.  Full Article

Harmony Gold says 5 employees unaccounted for following a seismic event at Kusasalethu mine
Friday, 25 Aug 2017 11:11am EDT 

Aug 25 (Reuters) - Harmony Gold Mining Company Ltd ::"FOLLOWING A SEISMIC EVENT AT ITS KUSASALETHU MINE IN CARLETONVILLE, FIVE EMPLOYEES REMAIN UNACCOUNTED FOR"."EVERY EFFORT IS MADE TO RETURN EMPLOYEES TO SAFETY"."RESCUE TEAMS HAVE BEEN WORKING ENDLESSLY SINCE INCIDENT OCCURRED AT ABOUT 10:30 THIS MORNING".  Full Article

Absa Bank upsizes Harmony Gold's existing $250 mln debt
Friday, 18 Aug 2017 07:11am EDT 

Aug 18 (Reuters) - Absa Bank Ltd ::ABSA BANK - SUCCESSFULLY REFINANCED AND UPSIZED HARMONY GOLD LIMITED'S EXISTING USD 250,000,000 TERM DEBT TO A 3 YEAR USD 350,000,000 FACILITY.ABSA BANK LTD - TRANSACTION WAS OVERSUBSCRIBED WITH DEBT SYNDICATED TO A TOTAL OF 8 LENDERS, INCLUDING 3 NEW LENDERS.  Full Article

Harmony Gold Mining Company posts FY 2017 HEPS OF 298 SA CENTS
Thursday, 17 Aug 2017 01:50am EDT 

Aug 17 (Reuters) - Harmony Gold Mining Company Ltd :FINAL DIVIDEND OF 35 SA CENTS (3 US CENTS) DECLARED.MET FY PRODUCTION GUIDANCE FOR A SECOND CONSECUTIVE YEAR.FY HEADLINE EARNINGS PER SHARE (HEPS) OF 298 SA CENTS , UP 35 PERCENT.IN FY17, HARMONY PRODUCED 1.09 MILLION OUNCES (MOZ) OF GOLD (EXCEEDING PRODUCTION GUIDANCE OF 1.05MOZ).FY 2017 GOLD PRODUCED 1.1 MILLION OZ VERSUS. 1.1 MILLION OZ.FY NET DEBT AT R887 MILLION.FY 2017 CASH OPERATING COSTS $1000 PER OZ VERSUS. $841 PER OZ.CAPITAL EXPENDITURE FOR FY17 INCREASED BY 68% TO R3.686 BILLION (79% TO US$271 MILLION).PRODUCTION PROFIT FOR FY17 DECREASED BY 13% TO R4.452 BILLION.REVENUE ROSE BY 5% IN FY17 TO R19.3 BILLION (12% TO US$1.42 BILLION) MAINLY AS RESULT OF YEAR-ON-YEAR PRODUCTION REMAINING STABLE.FY 2017 ALL-IN SUSTAINING COSTS $1182 PER OZ VERSUS. $1003 PER OZ.FY 2017 HEPS OF 22 U.S. CENTS.FY NET PROFIT OF R362 MILLION VERSUS 949 MILLION RAND.AS RESULT OF PROGRESS IN NEGOTIATIONS TO SETTLE SILICOSIS AND TUBERCULOSIS CLASS ACTION, PROVISION HAS BEEN RAISED AT 30 JUNE 2017.PROVISION OF R917 MILLION ($70 MILLION) BEFORE TAX IS CO'S BEST ESTIMATE OF ITS PORTION OF POTENTIAL CONTRIBUTION TO LEGACY FUND.NEXT YEAR, PLAN TO PRODUCE APPROXIMATELY 1.1MOZ AT AN ALL-IN SUSTAINING COST OF ABOUT US$1 180/OZ.  Full Article

Harmony Gold Mining sees FY HEPS between 276 and 320 South African cents
Monday, 14 Aug 2017 10:28am EDT 

Aug 14 (Reuters) - HARMONY GOLD MINING COMPANY LTD ::SEES FY HEPS TO INCREASE TO BETWEEN 276 AND 320 SOUTH AFRICAN CENTS PER SHARE, WHICH IS BETWEEN 25% AND 45% HIGHER THAN PRIOR YEAR.SAYS IN US DOLLAR TERMS, FY HEPS ARE EXPECTED TO BE BETWEEN 20 AND 23 US CENTS PER SHARE.SEES FY EPS TO DECREASE TO BETWEEN 65 AND 109 SOUTH AFRICAN CENTS PER SHARE, WHICH IS BETWEEN 70% AND 50% LOWER THAN PRIOR YEAR.  Full Article

Harmony Gold says one employee fatally injured
Tuesday, 25 Jul 2017 09:18am EDT 

July 25 (Reuters) - HARMONY GOLD MINING COMPANY LTD ::HARMONY GOLD MINING COMPANY LTD - ONE EMPLOYEES WAS FATALLY INJURED DURING MAINTENANCE WORK.HARMONY GOLD MINING COMPANY LTD - EMPLOYEE INJURED DURING MAINTENANCE WORK PERFORMED AT UNDERGROUND REFRIGERATION PLANT AT TARGET MINE IN FREE STATE.INVESTIGATION INTO ACCIDENT UNDERWAY.  Full Article

Harmony Gold Mining exceeds annual gold production guidance of 1.05 mln ounces​
Thursday, 13 Jul 2017 05:00am EDT 

July 13 (Reuters) - Harmony Gold Mining Company Ltd : :‍Gold production for June 30, 2017 FY is estimated to be 1.088 million ounces, which exceeds production guidance of 1.05 million ounces​.  Full Article

Harmony Gold Mining says annual gold production guidance is well in reach
Tuesday, 9 May 2017 01:05am EDT 

May 9 (Reuters) - Harmony Gold Mining Company Ltd ::Says annual gold production guidance of 1.05 million ounces is well in reach, with year to date production at 812 000 ounces.Quarter on quarter gold production was 7% lower mainly due to customary slow start up after december holidays.  Full Article

Harmony Gold expects $300 mln mine deal to boost cash flows

JOHANNESBURG, Dec 7 South Africa's Harmony Gold expects its $300 million acquisition of the Moab Khotsong mine to boost its operational cash flow by 60 percent and provide "substantial cost savings", the company said on Thursday.