Harmony Gold: Loss-of-Life Free Quarter & Water Conservation Award

TL;DR

Harmony Gold crushed it safety-wise last quarter, zero deaths, and won a water award. Big win.

AI Summary

Harmony Gold Mining Company Limited reported a loss-of-life free quarter for the period ending September 30, 2024, with five of its nine underground mines achieving over one million loss-of-life free shifts. The company also received a gold award in the Water Conservation category.

Why It Matters

This indicates strong safety performance and a commitment to environmental responsibility, which can positively impact operational stability and corporate reputation.

Risk Assessment

Risk Level: low — The filing reports positive operational and safety news with no immediate financial risks or negative events disclosed.

Key Numbers

• 9 — Underground Mines (Five of these mines achieved over 1 million loss-of-life free shifts.)

Key Players & Entities

• Harmony Gold Mining Company Limited (company) — Filer of the report

FAQ

Key Financial Figures

• $103 million — ing free cash flow of R1 842 million (US$103 million) Underground recovered grades remain hi
• $1 — staining costs (AISC) to R963 310/kg (US$1 667/oz) from R841 436/kg (US$1 404/oz)
• $2 — gold price received to R1 360 974/kg (US$2 356/oz) from R1 127 208/kg (US$1 881/oz
• $288 million — , increased by 60% to R5 179 million (US$288 million) driven by higher recovered grades and
• $793 million — $1 009 million) from R14 781 million (US$793 million) Strong, flexible balance sheet with ne
• $362 million — position increasing to R6.3 billion (US$362 million) and liquidity of R15.7 billion (US$909
• $909 million — lion) and liquidity of R15.7 billion (US$909 million) in cash and undrawn facilities Harmony
• $80.84 — um price received increased by 39% to US$80.84/lb from US$58.21/lb, resulting in urani
• $58.21 — increased by 39% to US$80.84/lb from US$58.21/lb, resulting in uranium revenue of R19
• $11 million — g in uranium revenue of R199 million (US$11 million) for the quarter. South African undergr
• $29.21 — eived increased by 19% to R16 823/kg (US$29.21/oz) from R14 157/kg (US$23.59/oz) in Q1
• $23.59 — 823/kg (US$29.21/oz) from R14 157/kg (US$23.59/oz) in Q1FY24. As a result, we generate
• $28 million — a result, we generated R500 million (US$28 million) in silver revenue at Hidden Valley thi
• $18 million — on (US$28 million) from R337 million (US$18 million) as a result of higher profitability. Q
• $174 million — (US$288 million) from R3 236 million (US$174 million) year-on-year. Group operating free cas

Filing Documents

• a6-kharmonyxoperationalx.htm (6-K) — 47KB
• a6-kharmonyxoperationalx001.jpg (GRAPHIC) — 969KB
• a6-kharmonyxoperationalx002.jpg (GRAPHIC) — 740KB
• a6-kharmonyxoperationalx003.jpg (GRAPHIC) — 844KB
• 0001628280-24-046832.txt ( ) — 3562KB

From the Filing

a6-kharmonyxoperationalx 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 November 11, 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 20­F 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 Proactive safety strategy resulted in a loss-of-life free quarter with 5 of our 9 underground mines having achieved over 1 million loss-of-life free shifts each Harmony awarded gold in the Water Conservation Category at the Eco-Logic Awards on 30 October 2024 for refurbishing three municipal Wastewater Treatment Plants Steady quarterly group gold production, decreasing by only 1% to 13 131kg (422 172oz) from 13 223kg (425 130oz)1 Mponeng production increased by 28% due to higher recovered grades and tonnes milled, generated operating free cash flow of R1 842 million (US$103 million) Underground recovered grades remain high at 6.32g/t from 6.29g/t, mainly due to excellent recovered grades at Mponeng and Moab Khotsong 14% increase in group all-in sustaining costs (AISC) to R963 310/kg (US$1 667/oz) from R841 436/kg (US$1 404/oz) in line with FY25 guidance 21% increase in average gold price received to R1 360 974/kg (US$2 356/oz) from R1 127 208/kg (US$1 881/oz) Group operating free cash flow2, increased by 60% to R5 179 million (US$288 million) driven by higher recovered grades and a higher average gold price received 23% increase in gold revenue to R18 125 million (US$1 009 million) from R14 781 million (US$793 million) Strong, flexible balance sheet with net cash position increasing to R6.3 billion (US$362 million) and liquidity of R15.7 billion (US$909 million) in cash and undrawn facilities Harmony again delivered an exceptional first quarter through consistent operational excellence and higher recovered grades at our South African high-grade underground operations. We are pleased to report a loss-of-life free quarter, a significant achievement for underground gold mining in South Africa, demonstrating that a safe mine is a profitable mine. Operating free cash flow generation remains strong with excellent operating free cash flow margins at our South African high-grade underground, South African surface and Hidden Valley operations. The high average rand gold price received continues to boost free cash flow generation, further strengthening our balance sheet this quarter. As a result, we are well-positioned to execute on our various life-of-mine extension projects and take our transformational international copper-gold projects up the value curve. We have a globally significant resource base with over 136 million ounces in Mineral Resources. This includes copper and gold. While value-accretive acquisitions are a key part of our growth strategy, internal investment and reserve conversion remains an affordable and effective way of creating value, especially at the current high gold prices. Harmony continues to demonstrate the significant value inherent in our existing portfolio. We continue investing in lower-risk, high-quality and high-margin ounces which will improve the overall profitability of our portfolio over time. Harmony has a long production profile and our existing project pipeline will enable us to remain a 1.4 million ounce producer for well over 20 years. Through our various gold and copper projects, real all-in sustaining cost (AISC) is expected to reduce in the medium to long term as the quality of our production mix improves and copper is introduced. Projects such as Eva Copper in Australia and Wafi-Golpu in Papua New Guinea will be transformational, moving Harmony significantly down the global cost curve. Harmony has a strong safety and operational culture and we remain the partner of choice wherever we operate. We have invested in improving our operational flexibility, infrastructure reliability and have a predictable and stable cost structure. The quality of our portfolio also continues to improve and our projects remain well-sequenced ensuring capital intensity remains affordable through the cycle. Through good financial discipline and applying a balanced approach to our capital allocation framework, we aim to reward our shareholders alongside our growth aspirations. Creating long-term value for our shareholders and stakeholders through operational consistency and embedded sustainability is what we call Mining with Purpose. Health and safety The health and safety of our people is our

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