Issued by Harmony Gold
Mining Company Limited
21 January 2011
For more details contact:
Graham Briggs
Chief Executive Officer
+27(0) 83 265 0274 (mobile)
Marian van der Walt
Executive: Corporate and
Investor Relations
+27 82 888 1242 (mobile)
Henrika Basterfield
Investor Relations Officer
+27 (0)82 759 1775 (cell)
+27 11 411 2314(office)
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE:
HAR
NYSE:
HMY
ISIN No.: ZAE000015228
Registration number:
1950/038232/06
HARMONY’S GUIDANCE FOR DECEMBER 2010 QUARTER
Johannesburg. Friday, 21 January 2011. Harmony Gold Mining Company Limited
(Harmony) announces that production trends are moving in the right direction - with higher
production from its growth projects and lower R/kg costs quarter on quarter - with the
exception of Kususalethu.
Gold production for the December 2010 quarter is likely to be 3-5% lower than the
previous quarter, mainly due to lower production from Kusasalethu as a result of the shaft
accident in October 2010. The shaft has since been repaired and necessary measures
have been implemented to ensure that the operation delivers in line with its plan in the
next quarter.
Cash operating costs decreased by 8-10% in Rand and also decreased with 3 to 5% on a
Rand per kilogram basis, mainly due to lower electricity tariffs and as a result of
restructuring efforts.
Chief Executive Officer, Graham Briggs, commented that: “We are starting to see the fruits
of our hard work, with higher production and lower costs evident from our growth projects.
Although the unplanned production stoppage at Kusasalethu was a disappointment, it has
been dealt with and Kusasalethu will see a better March quarter. Throughout the company
our management teams remain focused, they deal with production challenges as and
when they arise and are committed to meet Harmony’s long term production targets.”
Harmony’s results for the quarter ended December 2010 will be released on Monday
7 February 2011.