Issued by Harmony Gold
Mining Company Limited
29 January 2015
For more details contact:
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 production guidance for quarter 2, financial year 2015
Johannesburg. Thursday, 29 January 2015. Harmony Gold Mining Company Limited
(
“
Harmony
” and/or “the Company”)
announces that its South African operations reported its
first ever fatal free quarter, with a majority of its operations performing in line with their
production plans. Underground grade remained consistent quarter on quarter.
Target 3 was placed on care and maintenance as planned, with Kusasalethu’s
underperformance trailing down the overall production performance. On 2 December 2014
Harmony announced that a new plan was being implemented to return Kusasalethu to
profitability. The Section 189 consultation process in terms of the Labour Relations Act is in
progress. The new plan for Kusasalethu should return the mine to profitability at the end of
the fourth quarter of financial year 2015, mining lower volumes at higher grades and at a
reduced cost. Our focus at each of our mines remains safe, profitable ounces.
Hidden Valley also contributed to the quarter’s lower production, due to a fatality and a belt
tear on the overland conveyor (OLC). Both resulted in production stoppages at the mine.
There was no structural damage to the OLC, but belt replacement work was not completed
until January 2015. Maintenance scheduled for the OLC and the metallurgical plant in the first
half of 2015 was brought forward and conducted while the belt was being replaced. Ore was
hauled to the mill by truck during this period, adversely impacting costs.
As a result of the above, gold production for the December 2014 quarter decreased by
approximately 10% quarter on quarter, entirely due to production stoppages at Kusasalethu
and Hidden Valley.
H
armony’s results for the second quarter of financial year 2015 ended 31 December 2014 will
be released in Cape Town during a presentation, webcast and conference call on Monday, 9
February 2015. Please refer to our website
www.harmony.co.za
for details.
ends.