Harmony Gold Files Routine 6-K for H1FY24 Period

Ticker: HGMCF · Form: 6-K · Filed: Feb 28, 2024 · CIK: 1023514

Harmony Gold Mining CO LTD 6-K Filing Summary
FieldDetail
CompanyHarmony Gold Mining CO LTD (HGMCF)
Form Type6-K
Filed DateFeb 28, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$381 million, $1, $95 million, $4 million, $23.56
Sentimentneutral

Sentiment: neutral

Topics: regulatory-filing, foreign-private-issuer, periodic-report

Related Tickers: HMY

TL;DR

Harmony Gold filed its H1FY24 6-K, but the key financial details aren't in this snippet.

AI Summary

Harmony Gold Mining Company Limited filed a Form 6-K with the SEC on February 28, 2024, for the conformed period ending December 31, 2023. This report, a standard filing for foreign private issuers, indicates it will cover 'SALIENT FEATURES' for the first half of fiscal year 2024 (H1FY24) compared to H1FY23. However, the specific financial details and comparative results for these periods are not included in this excerpt.

Why It Matters

This filing is a routine regulatory update for Harmony Gold, a foreign private issuer, ensuring compliance with SEC reporting requirements. It signals that the company is providing updated information to investors, though the specific financial details are not present in this excerpt.

Risk Assessment

Risk Level: low — This 6-K is a standard periodic report for a foreign private issuer, and the provided excerpt does not contain specific financial results or events that indicate elevated risk.

Key Numbers

Key Players & Entities

FAQ

What type of SEC filing is this document?

This document is a Form 6-K, a report of a foreign private issuer.

What is the name of the company filing this report?

The company filing this report is Harmony Gold Mining Company Limited.

What is Harmony Gold Mining Company Limited's NYSE share code?

Harmony Gold Mining Company Limited's NYSE share code is HMY.

What is the Conformed Period of Report for this 6-K filing?

The Conformed Period of Report for this filing is 20231231 (December 31, 2023).

Where are Harmony Gold Mining Company Limited's principal executive offices located?

Their principal executive offices are located at Randfontein Office Park, Corner Main Reef Road and Ward Avenue, Randfontein, 1759 South Africa.

Filing Stats: 4,674 words · 19 min read · ~16 pages · Grade level 12.1 · Accepted 2024-02-28 06:24:39

Key Financial Figures

Filing Documents

From the Filing

fy24_dec2023harmonyresul UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6­K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a­16 OR 15d­16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For February 28, 2024 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 40­F.) Form 20F Form 40F (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 12g3­2(b) under the Securities Exchange Act of 1934.) Yes No SALIENT FEATURES (H1FY24 vs H1FY23^) Harmony Gold Mining Company Limited Incorporated in the Republic of South Africa Registration number: 1950/038232/06 JSE share code: HAR NYSE share code: HMY ISIN: ZAE000015228 ("Harmony" or "the company") INTERIM RESULTS FY24* for the six-month period ended 31 December 2023 (H1FY24) Safety continues to improve with group LTIFR1 at 5.19, from 5.38 per million hours worked 226% increase in headline earnings per share to 956 SA cents (51 US cents) per share from 293 SA cents (17 US cents) per share Record operating free cash flow, up 265% to R7 112 million (US$381 million) driven by operational excellence and higher recovered grades A record interim dividend2,3 declared of 147 SA cents (7.61 US cents) per share 11% increase in underground recovered grades to 6.29g/t from 5.68g/t 5% decrease in group all-in sustaining costs (AISC) to R843 043/kg (US$1 403/oz) from R890 048/kg (US$1 598/oz) 35% increase in group revenue to R31 415 million (US$1 681 million) from R23 259 million (US$1 343 million) 14% increase in total gold production to 25 889kg (832 349oz) from 22 809kg (733 325oz) 30% increase in production from Mponeng as a result of improved underground recovered grades Mponeng extension project approved, extending mine life from 7 to 20 years and increasing margins Hidden Valley generated operating free cash flow of R1 769 million (US$95 million), due to excellent recovered grades, compared to -R69 million (-US$4 million) 18% increase in average gold price received to R1 141 424/kg (US$1 900/oz) from R963 464/kg (US$1 730/oz) Strong, flexible balance sheet now in a net cash position of R74 million (US$4 million) FY24 production, grade, cost and capital guidance remains unchanged MESSAGE FROM THE CHIEF EXECUTIVE OFFICER OVERVIEW Harmony delivered an exceptional set of results in H1FY24 on the back of improved safety and a strong operational performance. Quality mining practices and operational discipline have ensured that we have the necessary flexibility to maintain production at all our mines. The stellar results in this reporting period were a result of our ongoing investment in safety, higher quality ounces, a stable and predictable cost structure and operational excellence across the entire group. The strong partnerships we have with our stakeholders enable us to operate successfully. We are now well-positioned to take advantage of the strong gold price, enabling us to generate record operating free cash flows. Basic earnings per share increased by 221% to 956 SA cents (51 US cents) compared to 298 SA cents (17 US cents) per share in the previous reporting period. Headline earnings per share increased by 226% to 956 SA cents (51 US cents) per share compared to 293 SA cents (17 US cents) per share in H1FY23. Harmony's dividend policy is to pay a return of 20% of net free cash generated4 to shareholders at the discretion of the board of directors. Therefore, we are pleased to announce an interim dividend of 147 SA cents (7.61 US cents) per share for this reporting period, rewarding our shareholders alongside our investment in our portfolio. With our robust, flexible balance sheet and excellent cash-generation, Harmony remains well-positioned to continue growing its Mineral Reserves as we transition into a quality, global gold-copper producer. Safety remains our primary focus. Significant progress has been made and importantly, we are moving in the right direction. This journey requires daily commitment and we are confident we will ultimately achieve our goal of zero loss of life. We are embedding a proactive culture of safety and care at all levels through our ongoing Thibakotsi humanistic cultural transformation programme. Our lost time injury frequency rate (LTIFR) is trending lower and indicates the incredible amount of work we have put into improving safety throughout Harmony. Group LTIFR improved to 5.19 per million hours worked in H1FY24 from 5.38 per million hours worked in H1FY23, demonstrating that a safe mine is a productive mine. There is an abundance of opportunities within our portfolio. As leaders in the South African underground gold mining sector

View Full Filing

View this 6-K filing on SEC EDGAR

View on Read The Filing