Blueprint
UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR
15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF
1934
For August 21,
2018
Harmony Gold Mining Company
Limited
Randfontein
Office Park
Corner Main Reef
Road and Ward Avenue
Randfontein,
1759
South
Africa
(Address of principal executive
offices)
*-
(Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20- F or Form 40-F.)
(Indicate by
check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.)
Harmony Gold
Mining Company Limited
Registration
number 1950/038232/06
Incorporated in
the Republic of South Africa
ISIN:
ZAE000015228
JSE share code:
HAR
(“Harmony”
and/or “the Company”)
HARMONY DELIVERS
Johannesburg, Tuesday, 21
August 2018. Harmony Gold
Mining Company Limited (“Harmony” and/or “the
Company”) is pleased to announce its operational and
financial results for the year ended 30 June 2018
(“FY18”).
“Our
growth aspiration to produce 1.5 million ounces and improve the
quality of our asset portfolio was realised with the
re-investment in
Hidden Valley (FY17) and acquisition of Moab Khotsong (FY18). These
operations will increase annual production by 450 000 to 500 000
ounces at an average life of mine all-in sustaining unit cost of
US$950/oz. In addition, our successful hedging strategy has
generated cash flows of R3.6 billion (US$276 million) since
implementation in FY16, securing cash flow margins and enabling
Harmony to repay debt and fund our quality growth strategy. Harmony
has delivered”, said Peter Steenkamp, chief executive officer
of Harmony.
Key features of FY18
●
Embedding our
safety culture through our various training and awareness
campaigns
●
Production
guidance achieved for third consecutive year; produced 1.228Moz of
gold at an all-in sustaining
cost of R508
970/kg (US$1 231/oz)
●
8% increase
in underground recovered grade (six consecutive years of increasing
grade)
●
Hidden Valley
delivers re-investment plan on schedule and within
budget
●
Successful
integration of Moab Khotsong operations
●
31% increase
in SA underground resources
●
11.6%
increase in SA underground reserves
●
R1.8 billion
(US$141 million) generated in cash flow through effective hedging
strategy
Headline
earnings per share for FY18 amounted to 171 SA cents per share (13
US cents per share) compared with 298 SA cents per share (22 US
cents) for FY17.
Strategy and FY19
Harmony’s
teams remain committed to delivering on Harmony’s strategy to
produce safe, profitable ounces and increasing margins. Key focus
areas in FY19 will be safety, repaying debt, delivering on our
operational plans and substantially progressing the permitting of
the Wafi-Golpu project.
Harmony’s full results are available on its
website (www.harmony.co.za).
For more details
contact:
Lauren
Fourie
Investor
Relations Manager
+27(0)71 607 1498
(mobile)
Marian van der
Walt
Executive:
Investor Relations
+27(0)82 888 1242
(mobile)
Johannesburg,
South Africa
21 August
2018
Sponsor:
J.P. Morgan
Equities South Africa Proprietary Limited
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly
caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
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Harmony Gold Mining Company
Limited
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Date: August 21,
2018
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By:
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/s/ Frank Abbott
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Name
Frank
Abbott
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Title
Financial
Director
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