HARMONY GOLD MINING COMPANY LIMITED - Operational excellence delivers increase in gold production
HAR 201710120012A
Operational excellence delivers increase in gold production
Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” or “the company”)
OPERATIONAL EXCELLENCE DELIVERS INCREASE IN GOLD PRODUCTION
Johannesburg, Thursday, 12 October 2017. Harmony Gold Mining Company
Limited (“Harmony” and/or “the Company”) is pleased to advise that
gold production from its South African underground operations will
be 12% to 14% higher quarter on quarter, due to an increase in both
volumes and recovered grade. Gold production is 6% to 8% higher than
the corresponding quarter in the previous financial year.
The planned waste stripping of cutbacks 5 and 6 at Hidden Valley is
ahead of schedule and will be completed towards the end of November
2017. Despite the impact on Hidden Valley’s gold production,
Harmony’s total gold production increased by 3% to 5% quarter on
quarter and the corresponding quarter year on year.
Chief executive officer, Peter Steenkamp, commented: “Focus on
safety, operational excellence at our South African operations and
delivery at Hidden Valley in the second half of FY18 will ensure
that we remain on track to meet our production guidance”.
Harmony’s production results for the first quarter FY18 ended
30 September 2017 will be released on Tuesday, 7 November 2017.
Ends.
For more details contact:
Lauren Fourie
Investor Relations Manager
+27 (0) 71 607 1498 (mobile)
Or
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
12 October 2017
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited.
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