Harmony Gold Mining Co Ltd Files 6-K

TL;DR

Harmony Gold filed its Q1 2024 operational update on 6-K, check for details.

AI Summary

Harmony Gold Mining Company Limited filed a Form 6-K on April 30, 2024, reporting operational updates. The filing is for the period ending March 31, 2024, and includes information relevant to its fiscal year end of June 30. The company is incorporated in South Africa and trades on both the JSE and NYSE.

Why It Matters

This filing provides a routine update on Harmony Gold's operational status, which is important for investors to monitor the company's performance and any potential changes in its business activities.

Risk Assessment

Risk Level: low — This is a routine operational update filing and does not contain significant new financial or strategic information that would immediately alter risk.

Key Players & Entities

• Harmony Gold Mining Company Limited (company) — Filer
• 20240430 (date) — Filing Date
• 20240331 (date) — Reporting Period End Date
• 0630 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $459 million — is adjusted lower to R8 600 million (US$459 million) from R9 500 million (US$507 million),
• $507 million — (US$459 million) from R9 500 million (US$507 million), mainly as a result of lower plant and
• $1 — nd increased by 17% to R1 162 048/kg (US$1 928/oz) from R992 566/kg (US$1 768/oz)
• $82 million — Net cash increased to R1 544 million (US$82 million) from R74 million (US$4 million) at the
• $4 million — ion (US$82 million) from R74 million (US$4 million) at the end of the first six months of
• $612 m — ). We currently have R11 591 million (US$612 million1) in headroom available through c
• $18.94 — 1 Converted at an exchange rate of R/US$18.94 Gold revenue increased by 26% to R42 39
• $2 — increased by 26% to R42 397 million (US$2 262 million) in 9MFY24 from R33 539 mil
• $468 million — ing free cash flow to R8 774 million (US$468 million) from R3 237 million (US$186 million) d
• $186 million — (US$468 million) from R3 237 million (US$186 million) driven by higher recovered grades at M
• $18.75 — are at the average exchange rate of R/US$18.75 (9MFY23: R/US$17.46) Please note that f
• $17.46 — xchange rate of R/US$18.75 (9MFY23: R/US$17.46) Please note that financial information
• $23.47 — also increased by 21% to R14 147/kg (US$23.47/oz) from R11 723/kg (US$19.45/oz) in 9M
• $19.45 — 147/kg (US$23.47/oz) from R11 723/kg (US$19.45/oz) in 9MFY23. As a result, we generate
• $64 million — result, we generated R1 197 million (US$64 million) in silver revenue at Hidden Valley for

Filing Documents

• a6-kharmonyoperationalup.htm (6-K) — 50KB
• a6-kharmonyoperationalup001.jpg (GRAPHIC) — 73KB
• a6-kharmonyoperationalup002.jpg (GRAPHIC) — 284KB
• a6-kharmonyoperationalup003.jpg (GRAPHIC) — 347KB
• a6-kharmonyoperationalup004.jpg (GRAPHIC) — 233KB
• a6-kharmonyoperationalup005.jpg (GRAPHIC) — 116KB
• a6-kharmonyoperationalup006.jpg (GRAPHIC) — 235KB
• a6-kharmonyoperationalup007.jpg (GRAPHIC) — 246KB
• a6-kharmonyoperationalup008.jpg (GRAPHIC) — 222KB
• a6-kharmonyoperationalup009.jpg (GRAPHIC) — 234KB
• a6-kharmonyoperationalup010.jpg (GRAPHIC) — 295KB
• a6-kharmonyoperationalup011.jpg (GRAPHIC) — 38KB
• 0001628280-24-019196.txt ( ) — 3251KB

From the Filing

a6-kharmonyoperationalup 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 April 30, 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 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") Johannesburg, South Africa. Tuesday, 30 April 2024. Harmony Gold Mining Company Limited (Harmony or the Company) is pleased to report its operational update for the nine months ended 31 March 2024 (9MFY24). For this reporting period, Harmony continued delivering an excellent operating performance across its operations, underpinned by higher recovered grades at Mponeng, Moab Khotsong, Hidden Valley and Mine Waste Solutions. The higher recovered grades ensured improved production and lower all-in sustaining costs (AISC) compared to the previous nine-month period ended 31 March 2023 (9MFY23). The higher rand gold price continues to provide Harmony with significant tailwinds, boosting margins and free cash flow generation. Harmony continues to demonstrate operational consistency as a result of its structural advantage and position as a leader in South African gold mining. While the third quarter is traditionally slower due to the January start up and public holidays in March, this is in the plans and we remain on track to comfortably beat our original production, cost and grade guidance for the financial year 2024 (FY24). On the back of this and the strong year-to-date performance, guidance for FY24 has been revised as follows: Total production guidance increased to approximately 1 550 000 ounces from 1 380 000 to 1 480 000 ounces All-in sustaining cost guidance reduced to approximately R920 000/kg, from below R975 000/kg Grade guidance increased to approximately 6g/t, from 5.6 to 5.75g/t Capital guidance for FY24 is adjusted lower to R8 600 million (US$459 million) from R9 500 million (US$507 million), mainly as a result of lower plant and services capital. A full comparison of quarter-on-quarter and year-on-year production metrics is provided in the summary table below and in the operating tables which are available in the booklet and on the website at www.harmony.co.za. Average recovered grades at the South African underground operations increased by 8% to 6.16g/t from 5.68g/t in the previous reporting period. Our high-grade underground operations, Mponeng and Moab Khotsong, continue to be the primary drivers behind the improvement in underground recovered grades year to date. Underground recovered grades at these mines increased by 18% to 8.90g/t from 7.53g/t year-on-year and we expect the good grades at Mponeng to be sustained as we mine through the high-grade areas on the 123 and 126 levels. We are encouraged that development grades at Mponeng also continue to trend higher. At our South African optimised underground portfolio, recovered grades increased by 2% to 4.96g/t from 4.87g/t, driven by improved performances at Tshepong North, Tshepong South, Kusasalethu and Target 1. Recovered grades at Hidden Valley remained high into the third quarter of the 2024 financial year, increasing by 65% to 1.65g/t from 1.00g/t in the previous nine-month reporting period as we mined through the high-grade 'Big Red' part of the ore body. Going forward, recovered grades at Hidden Valley will be lower as we are now mining through lower-grade areas, as planned. At our South African surface operations, recovered grades increased by 29% to 0.22g/t from 0.17g/t. This was mainly due to a 41% increase in recovered grades at Mine Waste Solutions to 0.168g/t from 0.119g/t. Group gold production in 9MFY24 increased by 10% to 36 777kg (1 182 405oz) from 33 349kg (1 072 195oz) in the previous reporting period. Most of our operations continue to deliver an improved operating performance year-on-year and we have good momentum and flexibility heading into the final quarter of FY24. The rand gold price remains high and increased by 17% to R1 162 048/kg (US$1 928/oz) from R992 566/kg (US$1 768/oz) year-on-year. This has allowed us to further strengthen the balance sheet which remains robust as a result of the strong free cash flow generation. Net cash increased to R1 544 million (US$82 million) from R74 million (US$4 million) at the

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View this 6-K filing on SEC EDGAR