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 17 August
2017
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 REPORTS 35% INCREASE IN HEADLINE EARNINGS; DECLARES
DIVIDEND
Johannesburg: Thursday, 17 August 2017.
Harmony Gold Mining Company Limited (“Harmony” and/or
“the Company”) today announced its results for the year
ended 30 June 2017 (FY17).
Key features – year on year
●
Milestone
fatality free quarter achieved during the June 2017 quarter; annual
fatality rates improved
●
Met
production guidance for a second consecutive year; underground
grade increased for fifth consecutive year to 5.07g/t
●
35% increase
in headline earnings per share (HEPS) of 298 SA cents (47% to 22 US
cents)
●
Continue to secure cash margins through a
successful hedging strategy, realising gains of R1 747 million (US$128
million)
●
18% reduction
in net debt to R887 million (8% to US$68 million)
●
Growing
ounces - acquired full ownership of Hidden Valley – stages 5
and 6 investment on track
●
Sustainable
and inclusive solutions sought to address silicosis
claims
●
Declared a final dividend for
the financial year of 35 SA cents(3 US cents)
“Production
is safer and more predictable, grade management is disciplined,
production delivery exceeds guidance, operations are generating
operational free cash flow and the hedging strategy secures cash
margins. Combined with Harmony’s low net debt compared to
peers and its excellent growth opportunities, Harmony continues to
have a strong investment case.
Our priorities
are to grow our ounces and to pay dividends from profits”,
Peter Steenkamp, chief executive officer of Harmony
said.
Focused
exploration targets, unlocking the value of Golpu and identifying
value accretive acquisitions remain key in improving the quality of
Harmony’s assets, driving down costs and achieving its
aspiration of being a 1.5 Moz producer in financial year 2019. In
FY17 the Company obtained 100% ownership in Hidden Valley (180
000oz per annum) and commenced with its Central Plant reclamation
project
(15 000oz per
annum).
Please refer to
our presentation and results booklet that were released today for
further details on our strategy and our financial results for the
financial year ended 30 June 2017 (www.harmony.co.za).
For more details
contact:
Lauren
Fourie
Investor
Relations Manager
+27 (0) 071 607
1498 (mobile)
Or
Marian van der
Walt
Executive:
Corporate and Investor Relations
+27 (0) 082 888
1242 (mobile)
17 August
2017
Sponsor:
J.P. Morgan
Equities South Africa Proprietary Limited.
Ends
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: 17 August
2017
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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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