Issued by Harmony Gold
Mining Company Limited
15 October 2013
For more details contact:
Henrika Basterfield
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and
Investor Relations
+27 (0) 82 888 1242 (mobile)
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T
+27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
ISIN No.: ZAE000015228
Registration number:
1950/038232/06
Harmony’s quarterly production guidance
Continued upward trend in performance quarter on quarter
- build-up in gold production in both South Africa and Papua New Guinea (PNG)
- increase in underground grade continues
Decrease in unit costs and capital
Johannesburg: Tuesday, 15 October 2013: Harmony Gold Mining Company
Limited (‘Harmony’) is pleased to advise that production at its underground mines in
South Africa is approximately 15% higher than the previous quarter, while Hidden
Valley’s production has increased by about 7%. Harmony’s total production is
expected to be around 12% higher quarter-on-quarter, mainly due to an increase in
both tonnes and grade.
During the September quarter there were increases in labour costs (following the
new two year wage agreement) and electricity costs (winter tariffs). These cost
increases were more than off-set by the increased production and savings in overall
costs, resulting in our cash cost per kilogram being 6% to 8% lower quarter on
quarter.
“We are pleased that we have been able to deliver another solid performance for the
quarter. That production is up in South Africa despite the labour disruptions
experienced around wage negotiations, is testimony to our commitment to deliver in
line with our guidance, and a credit to our management and employees”, said
Graham Briggs, chief executive officer of Harmony.
Harmony’s results for the quarter ended 30 September 2013 will be released on
Friday, 8 November 2013 via webcast and conference call only. Please refer to
http://www.harmony.co.za/investors for dial-in and webcast information.
ends.