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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Harmony Gold Mining Company Limited | NYSE:HMY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.14 | -1.57% | 8.80 | 8.875 | 8.71 | 8.78 | 2,806,397 | 00:34:41 |
FY21 RESULTS*
for the year ended 30 June 2021
|
||
RESPONSIBLE STEWARDSHIP | CASH CERTAINTY | OPERATIONAL EXCELLENCE | EFFECTIVE CAPITAL ALLOCATION | |||||||||||||||||
• In Phase 2 of embedding a proactive safety culture focused on leadership and behaviour
• Our health initiatives combined with the Covid-19 standard operating plans embed our commitment to the "S" in ESG
• Covid-19 vaccination drive protecting our employees
• Upgraded MSCI score from “CCC” to “B” rating
• FTSE4Good constituent
• Included in the Bloomberg Gender Equality Index 2021
|
• 43% increase in revenue to R41 733m (US$2 710m) from R29 245m (US$1 867m)
• 83% increase in operating free cash flow to R6.5bn (US$424m) from R3.6bn (US$228m)
• 758% increase in net profit of R5.6bn (US$352m) from a loss of R850m (US$56m)
• 60% reduction in net debt to R542m (US$38m) from R1 361m (US$79m)
• Net debt to EBITDA at 0.1x from 0.2x
• HEPS increased by 699% to 923 SA cents (60 US cents) from a net loss per share of 154 SA cents (10 US cents)
|
• 66% increase in production profit to R12bn (US$777m) from R7.2bn (US$459m)
• 1% increase in underground recovered grade to 5.51g/t from 5.45g/t
• 26% increase in gold production to 47 755kg (1 535 352oz) from 37 863kg (1 217 323oz)
• 19% increase in total mineral resources
• 16% increase in total mineral reserves
|
• Successful integration of Mponeng and related assets
• Deleveraged balance sheet provides optionality for projects and acquisitions
• Strong pipeline of organic projects to drive production profile and margin expansion
• Final dividend** of 27 SA cents (1.8 US cents)^ per share declared
• Total FY21 dividend yield of 2.4%#
|
12 months
ended 30 June 2021 |
12 months
ended 30 June 2020 |
%
Change |
||||||||||||
Gold produced
|
kg | 47 755 | 37 863 | 26 | ||||||||||
oz | 1 535 352 | 1 217 323 | 26 | |||||||||||
Underground grade
|
g/t | 5.51 | 5.45 | 1 | ||||||||||
Gold price received
|
R/kg | 851 045 | 735 569 | 16 | ||||||||||
US$/oz | 1 719 | 1 461 | 18 | |||||||||||
Cash operating costs
|
R/kg | 600 592 | 553 513 | (9) | ||||||||||
US$/oz | 1 213 | 1 099 | (10) | |||||||||||
Total costs and capital
|
R/kg | 707 445 | 647 364 | (9) | ||||||||||
US$/oz | 1 429 | 1 286 | (11) | |||||||||||
All-in sustaining costs
|
R/kg | 723 054 | 651 356 | (11) | ||||||||||
US$/oz | 1 460 | 1 293 | (13) | |||||||||||
Production profit
|
R million | 11 958 | 7 197 | 66 | ||||||||||
US$ million | 777 | 459 | 69 | |||||||||||
Average Exchange rate
|
R:US$ | 15.40 | 15.66 | (2) |
12 months
ended 30 June 2021 |
12 months
ended 30 June 2020 |
%
Change |
||||||||||||
Basic earnings/(loss) per share | SA cents | 919 | (164) | >100 | ||||||||||
US cents | 58 | (10) | >100 | |||||||||||
Headline earnings/(loss) | R million | 5 575 | (828) | >100 | ||||||||||
US$ million | 362 | (53) | >100 | |||||||||||
Headline earnings/(loss) per share | SA cents | 923 | (154) | >100 | ||||||||||
US cents | 60 | (10) | >100 |
PAGE
|
|||||
2 | Forward-looking statements | ||||
3 | Shareholder information | ||||
4 | Message from the chief executive officer | ||||
8 | Notice of final gross cash dividend | ||||
9 | Summary update of Harmony's mineral resources and mineral reserves | ||||
13 |
Operating results – year on year
(Rand/Metric) |
||||
15 |
Operating results – year on year
(US$/Imperial) |
||||
17 | Review report from external auditor | ||||
18 | Condensed consolidated income statement (Rand) | ||||
19 | Condensed consolidated statement of comprehensive income (Rand) | ||||
19 | Condensed consolidated statement of changes in equity (Rand) | ||||
20 | Condensed consolidated balance sheet (Rand) | ||||
21 | Condensed consolidated cash flow statement (Rand) | ||||
22 | Notes to the condensed consolidated financial statements | ||||
42 | Segment report (Rand/Metric) | ||||
43 | Condensed consolidated income statement (US$) | ||||
44 | Condensed consolidated statement of comprehensive income (US$) | ||||
44 | Condensed consolidated statement of changes in equity (US$) | ||||
45 | Condensed consolidated balance sheet (US$) | ||||
46 | Condensed consolidated cash flow statement (US$) | ||||
47 | Segment report (US$/Imperial) | ||||
48 | Development results – Metric and Imperial | ||||
50 | Competent person's declaration | ||||
50 | Directorate and administration |
Issued ordinary share capital
30 June 2021 |
616 052 197 | ||||
Issued ordinary share capital
30 June 2020
|
603 142 706 | ||||
MARKET CAPITALISATION
|
|||||
As at 30 June 2021 (ZARm) | 32 503 | ||||
As at 30 June 2021 (US$m) | 2 276 | ||||
As at 30 June 2020 (ZARm) | 43 342 | ||||
As at 30 June 2020 (US$m) | 2 494 | ||||
HARMONY ORDINARY SHARES AND ADR PRICES
|
|||||
12-month high (01 July 2020 – 30 June 2021) for ordinary shares (ZAR)
|
124.95 | ||||
12-month low (01 July 2020 – 30 June 2021) for ordinary shares (ZAR)
|
51.88 | ||||
12-month high (01 July 2020 – 30 June 2021) for ADRs (US$)
|
7.10 | ||||
12-month low (01 July 2020 –
30 June 2021) for ADRs (US$)
|
3.68 | ||||
FREE FLOAT | 100 | % | |||
American Depositary Receipt (ADR) RATIO | 1:1 | ||||
JSE LIMITED | HAR | ||||
Average daily volume for the year (1 July 2020 – 30 June 2021) | 3 816 188 | ||||
Average daily volume for the previous year (1 July 2019 – 30 June 2020)
|
3 203 868 | ||||
NEW YORK STOCK EXCHANGE | HMY | ||||
Average daily volume for the year (1 July 2020 – 30 June 2021)
|
6 591 645 | ||||
Average daily volume for the previous year (1 July 2019 – 30 June 2020)
|
7 937 641 | ||||
INVESTORS' CALENDAR | |||||
Annual General Meeting
|
26 November 2021 |
Last date to trade ordinary shares cum-dividend is | Tuesday, 12 October 2021 | ||||
Ordinary shares trade ex-dividend | Wednesday, 13 October 2021 | ||||
Record date | Friday, 15 October 2021 | ||||
Payment date | Monday, 18 October 2021 |
ASSUMPTIONS | ||
In converting the mineral resources to mineral reserves, the following commodity prices and exchange rates were applied: | ||
•A gold price of US$1 500/oz
|
||
•An exchange rate of R/US$14.51
|
||
•The above parameters resulted in a Rand/kg gold price of R700 000/kg for the South African assets
|
||
•The Hidden Valley mine and the Wafi-Golpu project used commodity prices of US$1 500/oz Au, US$20.70/oz Ag, US$10.00/lb Mo and US$3.00/lb Cu at an exchange rate of AUD1.39 per US$
|
||
•Gold equivalent ounces are calculated assuming US$1 500/oz Au, US$3.00/lb Cu and US$20.70/oz Ag, and assuming a 100% recovery for all metals
|
Mineral resources: Gold and gold equivalents | Measured | Indicated | Inferred | Total | ||||||||||||||||||||||||||||||||||
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
|||||||||||||||||||||||||||
SA underground
|
74.2 | 8.93 | 21 301 | 88.6 | 10.50 | 29 909 | 99.3 | 10.25 | 32 746 | 262.1 | 9.96 | 83 957 | ||||||||||||||||||||||||||
SA surface including Kalgold
|
337.1 | 0.27 | 2 968 | 1 368.6 | 0.28 | 12 361 | 63.3 | 0.32 | 642 | 1 769.0 | 0.28 | 15 971 | ||||||||||||||||||||||||||
Total South Africa
|
411.3 | 24 268 | 1 457.1 | 42 271 | 162.6 | 33 389 | 2 031.1 | 99 928 | ||||||||||||||||||||||||||||||
Hidden Valley
|
3.4 | 0.95 | 103 | 55.9 | 1.44 | 2 585 | 1.6 | 1.11 | 57 | 60.9 | 1.40 | 2 746 | ||||||||||||||||||||||||||
Wafi-Golpu system*
|
— | — | — | 394.0 | 0.86 | 10 800 | 114.0 | 0.75 | 2 700 | 508.0 | 0.82 | 13 400 | ||||||||||||||||||||||||||
Kili Teke
|
— | — | — | — | — | — | 237.0 | 0.24 | 1 810 | 237.0 | 0.24 | 1 810 | ||||||||||||||||||||||||||
Total Papua New Guinea
|
3.4 | 103 | 449.9 | 13 385 | 352.6 | 4 567 | 805.9 | 17 956 | ||||||||||||||||||||||||||||||
Total gold resources
|
414.7 | 24 372 | 1 907.1 | 55 656 | 515.2 | 37 956 | 2 837.0 | 117 884 | ||||||||||||||||||||||||||||||
Hidden Valley – gold equivalent ounces
|
3.4 | 26 | 54.1 | 534 | 1.4 | 13 | 58.9 | 573 | ||||||||||||||||||||||||||||||
Wafi-Golpu – gold equivalent ounces*
|
— | — | 340.0 | 16 482 | 94.0 | 2 755 | 434.0 | 19 237 | ||||||||||||||||||||||||||||||
Kili Teke – gold equivalent ounces
|
— | — | — | — | 237.0 | 3 538 | 237.0 | 3 538 | ||||||||||||||||||||||||||||||
Total gold equivalent resources**
|
3.4 | 26 | 394.1 | 17 016 | 332.4 | 6 306 | 729.8 | 23 347 | ||||||||||||||||||||||||||||||
Total Harmony gold and gold equivalent resources**
|
414.7 | 24 398 | 1 907.1 | 72 672 | 515.2 | 44 262 | 2 837.0 | 141 231 |
Mineral resources:
Silver and copper (used in equivalent calculations) |
Measured | Indicated | Inferred | Total | ||||||||||||||||||||||||||||||||||
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
|||||||||||||||||||||||||||
Hidden Valley
|
3.4 | 17.3 | 1 886 | 54.1 | 22.3 | 38 682 | 1.4 | 20.6 | 941 | 58.9 | 21.9 | 41 508 | ||||||||||||||||||||||||||
Measured | Indicated | Inferred | Total | |||||||||||||||||||||||||||||||||||
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
|||||||||||||||||||||||||||
Golpu*
|
— | — | — | 340.0 | 1.1 | 8 250 | 70.0 | 0.9 | 1 250 | 410.0 | 1.0 | 9 500 | ||||||||||||||||||||||||||
Nambonga*
|
— | — | — | — | — | — | 24.0 | 0.2 | 104 | 24.0 | 0.2 | 104 | ||||||||||||||||||||||||||
Kili Teke
|
— | — | — | — | — | — | 237.0 | 0.3 | 1 767 | 237.0 | 0.3 | 1 767 | ||||||||||||||||||||||||||
Total
|
— | — | — | 340.0 | 1.1 | 8 250 | 331.0 | 0.4 | 3 120 | 671.0 | 0.8 | 11 370 |
Mineral reserves:
Gold and gold equivalents
|
Proved | Probable | Total | ||||||||||||||||||||||||||
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
Tonnes
(Mt)
|
g/t |
Gold
‘000oz |
|||||||||||||||||||||
SA underground
|
39.6 | 5.85 | 7 453 | 30.8 | 6.91 | 6 846 | 70.5 | 6.31 | 14 299 | ||||||||||||||||||||
SA surface including Kalgold
|
207.2 | 0.28 | 1 890 | 1 029.4 | 0.26 | 8 550 | 1 236.6 | 0.26 | 10 440 | ||||||||||||||||||||
Total South Africa | 246.8 | 9 343 | 1 060.3 | 15 397 | 1 307.1 | 24 739 | |||||||||||||||||||||||
Hidden Valley
|
3.4 | 0.95 | 103 | 20.1 | 1.59 | 1 030 | 23.5 | 1.5 | 1 134 | ||||||||||||||||||||
Wafi-Golpu system*
|
200.0 | 0.86 | 5 500 | 200.0 | 0.86 | 5 500 | |||||||||||||||||||||||
Total Papua New Guinea
|
3.4 | 103 | 220.1 | 6 530 | 223.5 | 6 634 | |||||||||||||||||||||||
Total gold reserves
|
250.2 | 9 446 | 1 280.4 | 21 927 | 1 530.6 | 31 373 | |||||||||||||||||||||||
Hidden Valley – gold equivalent ounces
|
3.4 | 26 | 19.9 | 240 | 23.3 | 266 | |||||||||||||||||||||||
Wafi-Golpu – gold equivalent ounces*
|
200.0 | 10 814 | 200.0 | 10 814 | |||||||||||||||||||||||||
Total gold equivalent reserves**
|
3.4 | 26 | 219.9 | 11 054 | 223.3 | 11 080 | |||||||||||||||||||||||
Total Harmony gold and gold equivalent reserves**
|
250.2 | 9 472 | 1 280.4 | 32 981 | 1 530.6 | 42 453 |
Mineral reserves:
Silver and copper (used in equivalent calculations)
|
Proved | Probable | Total | ||||||||||||||||||||||||||
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
Tonnes
(Mt)
|
g/t |
Silver
‘000oz |
|||||||||||||||||||||
Hidden Valley
|
3.4 | 17.31 | 1 886 | 19.9 | 27.18 | 17 363 | 23.3 | 25.75 | 19 249 | ||||||||||||||||||||
Proved | Probable | Total | |||||||||||||||||||||||||||
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
Tonnes
(Mt)
|
% |
Copper
‘Mlb |
|||||||||||||||||||||
Golpu* | — | — | — | 200 | 1.20 | 5 400 | 200 | 1.20 | 5 400 |
Year
ended |
SOUTH AFRICA | ||||||||||||||||||||||||||||||||||||||||
UNDERGROUND PRODUCTION | |||||||||||||||||||||||||||||||||||||||||
Tshepong
Operations |
Moab
Khotsong |
Mponeng | Bambanani | Joel | Doornkop | Target 1 | Kusasalethu | Masimong | Unisel |
TOTAL
UNDER- GROUND |
|||||||||||||||||||||||||||||||
Ore milled | - t'000 | Jun-21 | 1 558 | 903 | 683 | 227 | 359 | 851 | 488 | 708 | 510 | 57 | 6 344 | ||||||||||||||||||||||||||||
Jun-20 | 1 417 | 746 | 0 | 200 | 349 | 681 | 543 | 615 | 489 | 219 | 5 259 | ||||||||||||||||||||||||||||||
Yield | - g/tonne | Jun-21 | 4.76 | 7.94 | 7.97 | 8.78 | 3.97 | 4.31 | 3.28 | 5.65 | 3.95 | 4.33 | 5.51 | ||||||||||||||||||||||||||||
Jun-20 | 5.15 | 8.84 | 0.00 | 10.66 | 3.99 | 4.40 | 4.13 | 4.90 | 4.09 | 4.48 | 5.45 | ||||||||||||||||||||||||||||||
Gold produced | - kg | Jun-21 | 7 419 | 7 166 | 5 446 | 1 992 | 1 424 | 3 670 | 1 603 | 3 999 | 2 012 | 247 | 34 978 | ||||||||||||||||||||||||||||
Jun-20 | 7 293 | 6 592 | 0 | 2 132 | 1 391 | 2 994 | 2 244 | 3 015 | 1 999 | 982 | 28 642 | ||||||||||||||||||||||||||||||
Gold sold | - kg | Jun-21 | 7 353 | 7 095 | 5 299 | 1 975 | 1 414 | 3 603 | 1 619 | 3 980 | 1 993 | 242 | 34 573 | ||||||||||||||||||||||||||||
Jun-20 | 7 399 | 6 799 | 0 | 2 162 | 1 412 | 3 038 | 2 237 | 3 085 | 2 027 | 994 | 29 153 | ||||||||||||||||||||||||||||||
Gold price received | - R/kg | Jun-21 | 845 031 | 852 392 | 896 474 | 854 392 | 848 131 | 853 957 | 870 640 | 854 201 | 820 780 | 925 979 | 857 441 | ||||||||||||||||||||||||||||
Jun-20 | 736 863 | 736 533 | — | 735 972 | 734 620 | 747 282 | 681 388 | 743 153 | 691 282 | 684 727 | 729 159 | ||||||||||||||||||||||||||||||
Gold revenue¹ | (R'000) | Jun-21 | 6 213 512 | 6 047 721 | 4 750 416 | 1 687 425 | 1 199 257 | 3 076 807 | 1 409 566 | 3 399 718 | 1 635 815 | 224 087 | 29 644 324 | ||||||||||||||||||||||||||||
Jun-20 | 5 452 051 | 5 007 690 | — | 1 591 172 | 1 037 283 | 2 270 244 | 1 524 266 | 2 292 627 | 1 401 229 | 680 619 | 21 257 181 | ||||||||||||||||||||||||||||||
Cash operating cost
(net of by-product credits) |
(R'000) | Jun-21 | 4 919 023 | 3 846 063 | 2 901 696 | 1 168 484 | 1 134 902 | 2 185 670 | 1 662 496 | 2 969 065 | 1 440 261 | 178 154 | 22 405 814 | ||||||||||||||||||||||||||||
Jun-20 | 4 251 948 | 3 282 504 | — | 1 024 682 | 998 771 | 1 699 491 | 1 504 932 | 2 562 092 | 1 240 988 | 572 775 | 17 138 183 | ||||||||||||||||||||||||||||||
Inventory movement | (R'000) | Jun-21 | (54 316) | (3 609) | 36 298 | (12 789) | (10 911) | (46 133) | 4 702 | (13 651) | (13 465) | 3 679 | (110 195) | ||||||||||||||||||||||||||||
Jun-20 | 46 291 | 61 007 | — | 15 445 | 11 265 | 30 661 | (5 754) | 15 054 | 17 088 | 7 503 | 198 560 | ||||||||||||||||||||||||||||||
Operating costs | (R'000) | Jun-21 | 4 864 707 | 3 842 454 | 2 937 994 | 1 155 695 | 1 123 991 | 2 139 537 | 1 667 198 | 2 955 414 | 1 426 796 | 181 833 | 22 295 619 | ||||||||||||||||||||||||||||
Jun-20 | 4 298 239 | 3 343 511 | — | 1 040 127 | 1 010 036 | 1 730 152 | 1 499 178 | 2 577 146 | 1 258 076 | 580 278 | 17 336 743 | ||||||||||||||||||||||||||||||
Production profit | (R'000) | Jun-21 | 1 348 805 | 2 205 267 | 1 812 422 | 531 730 | 75 266 | 937 270 | (257 632) | 444 304 | 209 019 | 42 254 | 7 348 705 | ||||||||||||||||||||||||||||
Jun-20 | 1 153 812 | 1 664 179 | — | 551 045 | 27 247 | 540 092 | 25 088 | (284 519) | 143 153 | 100 341 | 3 920 438 | ||||||||||||||||||||||||||||||
Capital expenditure | (R'000) | Jun-21 | 1 111 907 | 632 578 | 492 521 | 71 195 | 172 120 | 425 312 | 368 414 | 204 972 | 29 331 | — | 3 508 350 | ||||||||||||||||||||||||||||
Jun-20 | 929 680 | 497 628 | — | 49 880 | 150 893 | 280 694 | 346 833 | 188 384 | 23 777 | 7 487 | 2 475 256 | ||||||||||||||||||||||||||||||
Cash operating costs | - R/kg | Jun-21 | 663 030 | 536 710 | 532 812 | 586 588 | 796 982 | 595 550 | 1 037 115 | 742 452 | 715 835 | 721 271 | 640 569 | ||||||||||||||||||||||||||||
Jun-20 | 583 018 | 497 953 | — | 480 620 | 718 024 | 567 632 | 670 647 | 849 782 | 620 804 | 583 274 | 598 358 | ||||||||||||||||||||||||||||||
Cash operating costs | - R/tonne | Jun-21 | 3 157 | 4 259 | 4 248 | 5 148 | 3 161 | 2 568 | 3 407 | 4 194 | 2 824 | 3 126 | 3 532 | ||||||||||||||||||||||||||||
Jun-20 | 3 001 | 4 400 | — | 5 123 | 2 862 | 2 496 | 2 772 | 4 166 | 2 538 | 2 615 | 3 259 | ||||||||||||||||||||||||||||||
Cash operating cost and Capital | - R/kg | Jun-21 | 812 903 | 624 985 | 623 250 | 622 329 | 917 853 | 711 439 | 1 266 943 | 793 708 | 730 414 | 721 271 | 740 870 | ||||||||||||||||||||||||||||
Jun-20 | 710 493 | 573 442 | — | 504 016 | 826 502 | 661 384 | 825 207 | 912 264 | 632 699 | 590 898 | 684 779 | ||||||||||||||||||||||||||||||
All-in sustaining cost | - R/kg | Jun-21 | 815 333 | 626 795 | 659 760 | 641 426 | 936 296 | 680 524 | 1 232 098 | 814 048 | 764 577 | 782 126 | 749 971 | ||||||||||||||||||||||||||||
Jun-20 | 713 202 | 566 942 | — | 522 990 | 826 970 | 649 041 | 817 066 | 923 054 | 655 888 | 613 382 | 686 598 | ||||||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-21 | 3 | % | 26 | % | 29 | % | 27 | % | (9) | % | 15 | % | (44) | % | 7 | % | 10 | % | 20 | % | 13 | % | |||||||||||||||||
Jun-20 | 5 | % | 25 | % | — | % | 32 | % | (11) | % | 13 | % | (21) | % | (20) | % | 10 | % | 15 | % | 8 | % |
Year
ended |
SOUTH AFRICA |
Hidden
Valley |
TOTAL
HARMONY |
||||||||||||||||||||||||||||||||
SURFACE PRODUCTION |
TOTAL
SOUTH AFRICA |
||||||||||||||||||||||||||||||||||
Mine waste solutions | Phoenix |
Central
plant reclamation |
Dumps | Kalgold |
TOTAL
SURFACE |
||||||||||||||||||||||||||||||
Ore milled | - t'000 | Jun-21 | 17 665 | 6 190 | 4 020 | 10 107 | 1 507 | 39 489 | 45 833 | 3 420 | 49 253 | ||||||||||||||||||||||||
Jun-20 | 0 | 6 227 | 4 020 | 4 476 | 1 541 | 16 264 | 21 523 | 3 906 | 25 429 | ||||||||||||||||||||||||||
Yield | - g/tonne | Jun-21 | 0.116 | 0.126 | 0.140 | 0.354 | 0.74 | 0.20 | 0.94 | 1.37 | 0.97 | ||||||||||||||||||||||||
Jun-20 | 0.000 | 0.131 | 0.155 | 0.392 | 0.75 | 0.27 | 1.53 | 1.25 | 1.49 | ||||||||||||||||||||||||||
Gold produced | - kg | Jun-21 | 2 057 | 779 | 563 | 3 580 | 1 109 | 8 088 | 43 066 | 4 689 | 47 755 | ||||||||||||||||||||||||
Jun-20 | 0 | 818 | 625 | 1 753 | 1 153 | 4 349 | 32 991 | 4 872 | 37 863 | ||||||||||||||||||||||||||
Gold sold | - kg | Jun-21 | 2 043 | 777 | 566 | 3 527 | 1 112 | 8 025 | 42 598 | 4 755 | 47 353 | ||||||||||||||||||||||||
Jun-20 | 0 | 823 | 625 | 1 780 | 1 151 | 4 379 | 33 532 | 4 949 | 38 481 | ||||||||||||||||||||||||||
Gold price received | - R/kg | Jun-21 | 729 882 | 798 310 | 851 505 | 872 960 | 859 070 | 825 869 | 851 494 | 847 027 | 851 045 | ||||||||||||||||||||||||
Jun-20 | — | 715 787 | 749 216 | 779 835 | 742 533 | 753 623 | 732 354 | 757 348 | 735 569 | ||||||||||||||||||||||||||
Gold revenue¹ | (R'000) | Jun-21 | 1 888 528 | 620 287 | 481 952 | 3 078 929 | 955 286 | 7 024 982 | 36 669 306 | 4 027 615 | 40 696 921 | ||||||||||||||||||||||||
Jun-20 | — | 589 093 | 468 260 | 1 388 107 | 854 656 | 3 300 116 | 24 557 297 | 3 748 117 | 28 305 414 | ||||||||||||||||||||||||||
Cash operating cost
(net of by-product credits) |
(R'000) | Jun-21 | 1 035 977 | 395 858 | 270 789 | 2 126 639 | 775 797 | 4 605 060 | 27 010 874 | 1 670 376 | 28 681 250 | ||||||||||||||||||||||||
Jun-20 | — | 363 169 | 233 624 | 853 347 | 673 603 | 2 123 743 | 19 261 926 | 1 695 719 | 20 957 645 | ||||||||||||||||||||||||||
Inventory movement | (R'000) | Jun-21 | 101 237 | (2 601) | 562 | 19 752 | 146 | 119 096 | 8 901 | 48 420 | 57 321 | ||||||||||||||||||||||||
Jun-20 | — | 2 722 | 815 | 7 316 | (1 834) | 9 019 | 207 579 | (56 565) | 151 014 | ||||||||||||||||||||||||||
Operating costs | (R'000) | Jun-21 | 1 137 214 | 393 257 | 271 351 | 2 146 391 | 775 943 | 4 724 156 | 27 019 775 | 1 718 796 | 28 738 571 | ||||||||||||||||||||||||
Jun-20 | — | 365 891 | 234 439 | 860 663 | 671 769 | 2 132 762 | 19 469 505 | 1 639 154 | 21 108 659 | ||||||||||||||||||||||||||
Production profit | (R'000) | Jun-21 | 751 314 | 227 030 | 210 601 | 932 538 | 179 343 | 2 300 826 | 9 649 531 | 2 308 819 | 11 958 350 | ||||||||||||||||||||||||
Jun-20 | — | 223 202 | 233 821 | 527 444 | 182 887 | 1 167 354 | 5 087 792 | 2 108 963 | 7 196 755 | ||||||||||||||||||||||||||
Capital expenditure | (R'000) | Jun-21 | 69 958 | 3 909 | 12 751 | 39 264 | 208 265 | 334 147 | 3 842 497 | 1 260 298 | 5 102 795 | ||||||||||||||||||||||||
Jun-20 | — | 6 883 | 11 875 | 1 760 | 98 598 | 119 116 | 2 594 372 | 959 141 | 3 553 513 | ||||||||||||||||||||||||||
Cash operating costs | - R/kg | Jun-21 | 503 635 | 508 162 | 480 975 | 594 033 | 699 546 | 569 369 | 627 197 | 356 233 | 600 592 | ||||||||||||||||||||||||
Jun-20 | — | 443 972 | 373 798 | 486 792 | 584 218 | 488 329 | 583 854 | 348 054 | 553 513 | ||||||||||||||||||||||||||
Cash operating costs | - R/tonne | Jun-21 | 59 | 64 | 67 | 210 | 515 | 117 | 589 | 488 | 582 | ||||||||||||||||||||||||
Jun-20 | — | 58 | 58 | 191 | 437 | 131 | 895 | 434 | 824 | ||||||||||||||||||||||||||
Cash operating cost and Capital | - R/kg | Jun-21 | 537 645 | 513 180 | 503 623 | 605 001 | 887 342 | 610 683 | 716 421 | 625 010 | 707 445 | ||||||||||||||||||||||||
Jun-20 | — | 452 386 | 392 798 | 487 796 | 669 732 | 515 718 | 662 493 | 544 922 | 647 364 | ||||||||||||||||||||||||||
All-in sustaining cost | - R/kg | Jun-21 | 601 978 | 511 946 | 501 947 | 619 692 | 905 253 | 636 015 | 728 121 | 677 659 | 723 054 | ||||||||||||||||||||||||
Jun-20 | — | 453 937 | 389 611 | 484 507 | 690 239 | 519 293 | 664 451 | 562 648 | 651 356 | ||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-21 | 26 | % | 36 | % | 41 | % | 30 | % | (4) | % | 25 | % | 15 | % | 28 | % | 16 | % | |||||||||||||||
Jun-20 | — | % | 37 | % | 48 | % | 38 | % | 10 | % | 32 | % | 11 | % | 23 | % | 13 | % |
¹Includes a non-cash consideration to Franco-Nevada (Jun-21:R397.380m, Jun-20:R.m), excluded from the gold price calculation | ||
²Excludes run of mine costs for Kalgold (Jun-21:-R7.439m, Jun-20:R1.204m) and Hidden Valley (Jun-21:R19.561m, Jun-20:-R222.416m) |
Year
ended |
SOUTH AFRICA | ||||||||||||||||||||||||||||||||||||||||
UNDERGROUND PRODUCTION | |||||||||||||||||||||||||||||||||||||||||
Tshepong
Operations |
Moab
Khotsong |
Mponeng | Bambanani | Joel | Doornkop | Target 1 | Kusasalethu | Masimong | Unisel |
TOTAL
UNDER- GROUND |
|||||||||||||||||||||||||||||||
Ore milled | - t'000 | Jun-21 | 1 718 | 995 | 753 | 250 | 396 | 938 | 537 | 780 | 563 | 63 | 6 993 | ||||||||||||||||||||||||||||
Jun-20 | 1 562 | 822 | 0 | 221 | 384 | 750 | 598 | 678 | 539 | 242 | 5 796 | ||||||||||||||||||||||||||||||
Yield | - oz/ton | Jun-21 | 0.139 | 0.232 | 0.233 | 0.256 | 0.116 | 0.126 | 0.096 | 0.165 | 0.115 | 0.126 | 0.161 | ||||||||||||||||||||||||||||
Jun-20 | 0.150 | 0.258 | 0.000 | 0.310 | 0.116 | 0.128 | 0.121 | 0.143 | 0.119 | 0.130 | 0.159 | ||||||||||||||||||||||||||||||
Gold produced | - oz | Jun-21 | 238 526 | 230 391 | 175 092 | 64 044 | 45 783 | 117 993 | 51 536 | 128 570 | 64 687 | 7 941 | 1 124 563 | ||||||||||||||||||||||||||||
Jun-20 | 234 475 | 211 938 | 0 | 68 545 | 44 722 | 96 259 | 72 146 | 96 934 | 64 269 | 31 573 | 920 861 | ||||||||||||||||||||||||||||||
Gold sold | - oz | Jun-21 | 236 404 | 228 109 | 170 367 | 63 498 | 45 461 | 115 839 | 52 052 | 127 959 | 64 076 | 7 780 | 1 111 545 | ||||||||||||||||||||||||||||
Jun-20 | 237 882 | 218 592 | 0 | 69 510 | 45 397 | 97 673 | 71 921 | 99 185 | 65 169 | 31 958 | 937 287 | ||||||||||||||||||||||||||||||
Gold price received | - $/oz | Jun-21 | 1 707 | 1 722 | 1 811 | 1 726 | 1 713 | 1 725 | 1 758 | 1 725 | 1 658 | 1 870 | 1 732 | ||||||||||||||||||||||||||||
Jun-20 | 1 463 | 1 463 | 0 | 1 461 | 1 459 | 1 484 | 1 353 | 1 476 | 1 373 | 1 360 | 1 448 | ||||||||||||||||||||||||||||||
Gold revenue¹ | ($'000) | Jun-21 | 403 475 | 392 709 | 308 469 | 109 573 | 77 874 | 199 793 | 91 530 | 220 761 | 106 222 | 14 551 | 1 924 957 | ||||||||||||||||||||||||||||
Jun-20 | 348 078 | 319 708 | 0 | 101 586 | 66 224 | 144 940 | 97 314 | 146 369 | 89 459 | 43 453 | 1 357 131 | ||||||||||||||||||||||||||||||
Cash operating cost
(net of by-product credits) |
($'000) | Jun-21 | 319 417 | 249 744 | 188 421 | 75 876 | 73 695 | 141 926 | 107 954 | 192 797 | 93 524 | 11 568 | 1 454 922 | ||||||||||||||||||||||||||||
Jun-20 | 271 459 | 209 567 | 0 | 65 419 | 63 765 | 108 502 | 96 080 | 163 573 | 79 229 | 36 568 | 1 094 162 | ||||||||||||||||||||||||||||||
Inventory movement | ($'000) | Jun-21 | (3 527) | (234) | 2 357 | (830) | (709) | (2 996) | 305 | (886) | (874) | 239 | (7 155) | ||||||||||||||||||||||||||||
Jun-20 | 2 955 | 3 895 | 0 | 986 | 719 | 1 958 | (367) | 961 | 1 091 | 479 | 12 677 | ||||||||||||||||||||||||||||||
Operating costs | ($'000) | Jun-21 | 315 890 | 249 510 | 190 778 | 75 046 | 72 986 | 138 930 | 108 259 | 191 911 | 92 650 | 11 807 | 1 447 767 | ||||||||||||||||||||||||||||
Jun-20 | 274 414 | 213 462 | 0 | 66 405 | 64 484 | 110 460 | 95 713 | 164 534 | 80 320 | 37 047 | 1 106 839 | ||||||||||||||||||||||||||||||
Production profit | ($'000) | Jun-21 | 87 585 | 143 199 | 117 691 | 34 527 | 4 888 | 60 863 | (16 729) | 28 850 | 13 572 | 2 744 | 477 190 | ||||||||||||||||||||||||||||
Jun-20 | 73 664 | 106 246 | 0 | 35 181 | 1 740 | 34 480 | 1 601 | (18 165) | 9 139 | 6 406 | 250 292 | ||||||||||||||||||||||||||||||
Capital expenditure | ($'000) | Jun-21 | 72 202 | 41 076 | 31 982 | 4 622 | 11 178 | 27 618 | 23 923 | 13 311 | 1 904 | — | 227 816 | ||||||||||||||||||||||||||||
Jun-20 | 59 355 | 31 769 | 0 | 3 185 | 9 634 | 17 921 | 22 144 | 12 027 | 1 518 | 478 | 158 031 | ||||||||||||||||||||||||||||||
Cash operating cost | - $/oz | Jun-21 | 1 339 | 1 084 | 1 076 | 1 185 | 1 610 | 1 203 | 2 095 | 1 500 | 1 446 | 1 457 | 1 294 | ||||||||||||||||||||||||||||
Jun-20 | 1 158 | 989 | 0 | 954 | 1 426 | 1 127 | 1 332 | 1 687 | 1 233 | 1 158 | 1 188 | ||||||||||||||||||||||||||||||
Cash operating costs | - $/t | Jun-21 | 186 | 251 | 250 | 304 | 186 | 151 | 201 | 247 | 166 | 184 | 208 | ||||||||||||||||||||||||||||
Jun-20 | 174 | 255 | 0 | 296 | 166 | 145 | 161 | 241 | 147 | 151 | 189 | ||||||||||||||||||||||||||||||
Cash operating cost and Capital | - $/oz | Jun-21 | 1 642 | 1 262 | 1 259 | 1 257 | 1 854 | 1 437 | 2 559 | 1 603 | 1 475 | 1 457 | 1 496 | ||||||||||||||||||||||||||||
Jun-20 | 1 411 | 1 139 | 0 | 1 001 | 1 641 | 1 313 | 1 639 | 1 812 | 1 256 | 1 173 | 1 360 | ||||||||||||||||||||||||||||||
All-in sustaining cost | - $/oz | Jun-21 | 1 647 | 1 266 | 1 333 | 1 295 | 1 891 | 1 374 | 2 488 | 1 644 | 1 544 | 1 580 | 1 515 | ||||||||||||||||||||||||||||
Jun-20 | 1 416 | 1 126 | 0 | 1 039 | 1 642 | 1 289 | 1 623 | 1 833 | 1 302 | 1 218 | 1 363 | ||||||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-21 | 3 | % | 26 | % | 29 | % | 27 | % | (9) | % | 15 | % | (44) | % | 7 | % | 10 | % | 20 | % | 13 | % | |||||||||||||||||
Jun-20 | 5 | % | 25 | % | — | % | 32 | % | (11) | % | 13 | % | (21) | % | (20) | % | 10 | % | 15 | % | 8 | % |
Year
ended |
SOUTH AFRICA |
Hidden
Valley |
TOTAL
HARMONY |
||||||||||||||||||||||||||||||||
SURFACE PRODUCTION |
TOTAL
SOUTH AFRICA |
||||||||||||||||||||||||||||||||||
Mine waste Solutions | Phoenix |
Central
plant reclamation |
Dumps | Kalgold |
TOTAL
SURFACE |
||||||||||||||||||||||||||||||
Ore milled | - t'000 | Jun-21 | 19 479 | 6 827 | 4 434 | 11 145 | 1 662 | 43 547 | 50 540 | 3 772 | 54 312 | ||||||||||||||||||||||||
Jun-20 | 0 | 6 866 | 4 433 | 4 936 | 1 700 | 17 935 | 23 731 | 4 307 | 28 038 | ||||||||||||||||||||||||||
Yield | - oz/ton | Jun-21 | 0.003 | 0.004 | 0.004 | 0.010 | 0.021 | 0.006 | 0.027 | 0.040 | 0.028 | ||||||||||||||||||||||||
Jun-20 | 0.000 | 0.004 | 0.005 | 0.011 | 0.022 | 0.008 | 0.045 | 0.036 | 0.043 | ||||||||||||||||||||||||||
Gold produced | - oz | Jun-21 | 66 133 | 25 046 | 18 101 | 115 099 | 35 655 | 260 034 | 1 384 597 | 150 755 | 1 535 352 | ||||||||||||||||||||||||
Jun-20 | 0 | 26 299 | 20 094 | 56 360 | 37 070 | 139 823 | 1 060 684 | 156 639 | 1 217 323 | ||||||||||||||||||||||||||
Gold sold | - oz | Jun-21 | 65 684 | 24 982 | 18 197 | 113 395 | 35 752 | 258 010 | 1 369 555 | 152 876 | 1 522 431 | ||||||||||||||||||||||||
Jun-20 | 0 | 26 459 | 20 093 | 57 229 | 37 006 | 140 787 | 1 078 074 | 159 113 | 1 237 187 | ||||||||||||||||||||||||||
Gold price received | - $/oz | Jun-21 | 1 474 | 1 612 | 1 720 | 1 763 | 1 735 | 1 668 | 1 720 | 1 711 | 1 719 | ||||||||||||||||||||||||
Jun-20 | 0 | 1 421 | 1 488 | 1 549 | 1 474 | 1 497 | 1 454 | 1 504 | 1 461 | ||||||||||||||||||||||||||
Gold revenue¹ | ($'000) | Jun-21 | 122 632 | 40 278 | 31 296 | 199 930 | 62 032 | 456 168 | 2 381 125 | 261 533 | 2 642 658 | ||||||||||||||||||||||||
Jun-20 | 0 | 37 610 | 29 895 | 88 622 | 54 564 | 210 691 | 1 567 822 | 239 293 | 1 807 115 | ||||||||||||||||||||||||||
Cash operating cost
(net of by-product credits) |
($'000) | Jun-21 | 67 272 | 25 705 | 17 583 | 138 094 | 50 376 | 299 030 | 1 753 952 | 108 466 | 1 862 418 | ||||||||||||||||||||||||
Jun-20 | 0 | 23 186 | 14 915 | 54 480 | 43 006 | 135 587 | 1 229 749 | 108 260 | 1 338 009 | ||||||||||||||||||||||||||
Inventory movement | ($'000) | Jun-21 | 6 574 | (169) | 36 | 1 283 | 9 | 7 733 | 578 | 3 144 | 3 722 | ||||||||||||||||||||||||
Jun-20 | 0 | 174 | 52 | 467 | (117) | 576 | 13 253 | (3 611) | 9 642 | ||||||||||||||||||||||||||
Operating costs | ($'000) | Jun-21 | 73 846 | 25 536 | 17 619 | 139 377 | 50 385 | 306 763 | 1 754 530 | 111 610 | 1 866 140 | ||||||||||||||||||||||||
Jun-20 | 0 | 23 360 | 14 967 | 54 947 | 42 889 | 136 163 | 1 243 002 | 104 649 | 1 347 651 | ||||||||||||||||||||||||||
Production profit | ($'000) | Jun-21 | 48 786 | 14 742 | 13 677 | 60 553 | 11 647 | 149 405 | 626 595 | 149 923 | 776 518 | ||||||||||||||||||||||||
Jun-20 | 0 | 14 250 | 14 928 | 33 675 | 11 675 | 74 528 | 324 820 | 134 644 | 459 464 | ||||||||||||||||||||||||||
Capital expenditure | ($'000) | Jun-21 | 4 543 | 254 | 828 | 2 550 | 13 524 | 21 699 | 249 515 | 81 838 | 331 353 | ||||||||||||||||||||||||
Jun-20 | 0 | 439 | 758 | 112 | 6 294 | 7 603 | 165 634 | 61 236 | 226 870 | ||||||||||||||||||||||||||
Cash operating cost | - $/oz | Jun-21 | 1 017 | 1 026 | 971 | 1 200 | 1 413 | 1 150 | 1 267 | 719 | 1 213 | ||||||||||||||||||||||||
Jun-20 | 0 | 882 | 742 | 967 | 1 160 | 970 | 1 159 | 691 | 1 099 | ||||||||||||||||||||||||||
Cash operating costs | - $/t | Jun-21 | 3 | 4 | 4 | 12 | 30 | 7 | 35 | 29 | 34 | ||||||||||||||||||||||||
Jun-20 | 0 | 3 | 3 | 11 | 25 | 8 | 52 | 25 | 48 | ||||||||||||||||||||||||||
Cash operating cost and Capital | - $/oz | Jun-21 | 1 086 | 1 036 | 1 017 | 1 222 | 1 792 | 1 233 | 1 447 | 1 262 | 1 429 | ||||||||||||||||||||||||
Jun-20 | 0 | 898 | 780 | 969 | 1 330 | 1 024 | 1 316 | 1 082 | 1 286 | ||||||||||||||||||||||||||
All-in sustaining cost | - $/oz | Jun-21 | 1 216 | 1 034 | 1 014 | 1 252 | 1 828 | 1 285 | 1 471 | 1 383 | 1 460 | ||||||||||||||||||||||||
Jun-20 | 0 | 901 | 774 | 962 | 1 371 | 1 031 | 1 319 | 1 120 | 1 293 | ||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-21 | 26 | % | 36 | % | 41 | % | 30 | % | (4) | % | 25 | % | 15 | % | 28 | % | 16 | % | |||||||||||||||
Jun-20 | — | % | 37 | % | 48 | % | 38 | % | 10 | % | 32 | % | 11 | % | 23 | % | 13 | % |
¹Includes a non-cash consideration to Franco-Nevada (Jun-21:US$25.804m, Jun-20:US$0m), excluded from the gold price calculation | ||
²Excludes run of mine costs for Kalgold (Jun-21:-US$0.483m, Jun-20:US$0.077m) and Hidden Valley (Jun-21:US$1.270m, Jun-20:-US$14.200m). |
Year ended | |||||||||||
Figures in million | Notes |
30 June 2021
(Reviewed) |
30 June 2020
Re-presented (Audited) |
||||||||
Revenue | 3 | 41 733 | 29 245 | ||||||||
Cost of sales | 4 | (35 657) | (25 908) | ||||||||
Production costs | (29 774) | (22 048) | |||||||||
Amortisation and depreciation | (3 893) | (3 508) | |||||||||
Impairment of assets | (1 124) | — | |||||||||
Other items | (866) | (352) | |||||||||
Gross profit | 6 076 | 3 337 | |||||||||
Corporate, administration and other expenditure | 5 | (1 068) | (611) | ||||||||
Exploration expenditure | (177) | (205) | |||||||||
Gains/(losses) on derivatives | 10 | 1 022 | (1 678) | ||||||||
Foreign exchange translation gain/(loss) |
1 & 11
|
670 | (892) | ||||||||
Other operating expenses |
1 & 13
|
(562) | (309) | ||||||||
Operating profit/(loss) | 5 961 | (358) | |||||||||
Gain on bargain purchase | 13 | 1 153 | — | ||||||||
Acquisition-related costs | 13 | (124) | (45) | ||||||||
Share of profits from associates | 83 | 94 | |||||||||
Investment income | 9 | 331 | 375 | ||||||||
Finance costs | 5 | (661) | (661) | ||||||||
Profit/(loss) before taxation | 6 743 | (595) | |||||||||
Taxation | 6 | (1 153) | (255) | ||||||||
Current taxation | (543) | (58) | |||||||||
Deferred taxation | (610) | (197) | |||||||||
Net profit/(loss) for the year | 5 590 | (850) | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 37 | 28 | |||||||||
Owners of the parent | 5 553 | (878) | |||||||||
Earnings/(loss) per ordinary share (cents) | 7 | ||||||||||
Basic earnings/(loss) | 919 | (164) | |||||||||
Diluted earnings/(loss) | 901 | (166) |
The provisional condensed consolidated financial statements (condensed consolidated financial statements) for the year ended 30 June 2021 have been prepared by Harmony Gold Mining Company Limited’s corporate reporting team headed by Michelle Kriel CA(SA). This process was supervised by the financial director, Boipelo Lekubo CA(SA) and approved by the board of Harmony Gold Mining Company Limited on 31 August 2021.
These condensed consolidated financial statements have been reviewed by the group's external auditors, PricewaterhouseCoopers Incorporated. The unmodified review opinion is included on page 17. The auditor’s report does not necessarily report on all of the information contained in these results. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the auditor’s engagement they should refer to the auditor’s report.
|
Year ended | |||||||||||
Figures in million | Notes |
30 June 2021
(Reviewed) |
30 June 2020
Re-presented (Audited) |
||||||||
Net profit/(loss) for the year
|
5 590 | (850) | |||||||||
Other comprehensive income for the year, net of income tax
|
3 251 | (1 958) | |||||||||
Items that may be reclassified subsequently to profit or loss
|
3 233 | (1 998) | |||||||||
Foreign exchange translation gain/(loss)
|
2 | (1 234) | 1 199 | ||||||||
Remeasurement of gold hedging contracts
|
10 | 4 467 | (3 197) | ||||||||
Items that will not be reclassified to profit or loss
|
1 | 18 | 40 | ||||||||
Total comprehensive income for the year | 8 841 | (2 808) | |||||||||
Attributable to:
|
|||||||||||
Non-controlling interest | 58 | 12 | |||||||||
Owners of the parent
|
8 783 | (2 820) |
Figures in million | Share capital | Accumulated loss |
Other
reserves |
Non-controlling interest | Total | |||||||||||||||
Balance – 1 July 2020 | 32 937 | (12 583) | 3 017 | 4 | 23 375 | |||||||||||||||
Share issue costs | (3) | — | — | — | (3) | |||||||||||||||
Share-based payments | — | — | 156 | — | 156 | |||||||||||||||
Partial purchase of non-controlling interest | — | — | (4) | (1) | (5) | |||||||||||||||
Net profit for the year | — | 5 553 | — | 37 | 5 590 | |||||||||||||||
Other comprehensive income for the year | — | — | 3 230 | 21 | 3 251 | |||||||||||||||
Dividends paid1
|
— | (677) | — | (7) | (684) | |||||||||||||||
Balance – 30 June 2021 (Reviewed) | 32 934 | (7 707) | 6 399 | 54 | 31 680 | |||||||||||||||
Balance – 1 July 2019 | 29 551 | (11 710) | 4 773 | — | 22 614 | |||||||||||||||
Issue of shares | 3 386 | — | — | — | 3 386 | |||||||||||||||
Share-based payments | — | — | 186 | — | 186 | |||||||||||||||
Recognition of non-controlling interest | — | 5 | — | (5) | — | |||||||||||||||
Net profit/(loss) for the year | — | (878) | — | 28 | (850) | |||||||||||||||
Other comprehensive income for the year | — | — | (1 942) | (16) | (1 958) | |||||||||||||||
Dividends paid | — | — | — | (3) | (3) | |||||||||||||||
Balance – 30 June 2020 (Audited) | 32 937 | (12 583) | 3 017 | 4 | 23 375 |
At | |||||||||||
Figures in million | Notes |
30 June 2021
(Reviewed) |
30 June 2020
Re-presented (Audited) |
||||||||
ASSETS | |||||||||||
Non-current assets | |||||||||||
Property, plant and equipment | 8 | 34 366 | 29 186 | ||||||||
Intangible assets | 8 | 365 | 536 | ||||||||
Restricted cash and investments |
1 & 13
|
5 232 | 3 642 | ||||||||
Investments in associates | 126 | 146 | |||||||||
Deferred tax assets | 6 | 198 | 531 | ||||||||
Other non-current assets | 9 | 332 | 435 | ||||||||
Derivative financial assets | 10 | 328 | 50 | ||||||||
Total non-current assets | 40 947 | 34 526 | |||||||||
Current assets | |||||||||||
Inventories | 2 542 | 2 421 | |||||||||
Restricted cash and investments | 1 | 67 | 62 | ||||||||
Trade and other receivables | 1 652 | 1 308 | |||||||||
Derivative financial assets | 10 | 1 471 | 18 | ||||||||
Cash and cash equivalents | 2 819 | 6 357 | |||||||||
Total current assets | 8 551 | 10 166 | |||||||||
Total assets | 49 498 | 44 692 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and reserves | |||||||||||
Attributable to equity holders of the parent company | 31 626 | 23 371 | |||||||||
Share capital | 32 934 | 32 937 | |||||||||
Other reserves | 6 399 | 3 017 | |||||||||
Accumulated loss | (7 707) | (12 583) | |||||||||
Non-controlling interest | 54 | 4 | |||||||||
Total equity | 31 680 | 23 375 | |||||||||
Non-current liabilities | |||||||||||
Deferred tax liabilities | 6 | 2 202 | 996 | ||||||||
Provision for environmental rehabilitation | 13 | 4 662 | 3 408 | ||||||||
Other provisions | 1 | 926 | 910 | ||||||||
Borrowings | 11 | 2 974 | 7 463 | ||||||||
Contingent consideration liability | 13 | 417 | — | ||||||||
Other non-current liabilities | 178 | 101 | |||||||||
Derivative financial liabilities | 10 | 6 | 879 | ||||||||
Streaming contract liability | 12 | 695 | — | ||||||||
Total non-current liabilities | 12 060 | 13 757 | |||||||||
Current liabilities | |||||||||||
Other provisions | 1 | 175 | 175 | ||||||||
Borrowings | 11 | 387 | 255 | ||||||||
Trade and other payables | 13 | 4 594 | 3 006 | ||||||||
Derivative financial liabilities | 10 | 206 | 4 124 | ||||||||
Streaming contract liability | 12 | 396 | — | ||||||||
Total current liabilities | 5 758 | 7 560 | |||||||||
Total equity and liabilities | 49 498 | 44 692 |
Year ended | |||||||||||
Figures in million | Notes |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
||||||||
CASH FLOW FROM OPERATING ACTIVITIES | |||||||||||
Cash generated by operations | 15 | 9 741 | 5 031 | ||||||||
Dividends received | 85 | — | |||||||||
Interest received | 171 | 86 | |||||||||
Interest paid | (234) | (370) | |||||||||
Income and mining taxes paid | (584) | (24) | |||||||||
Cash generated from operating activities | 9 179 | 4 723 | |||||||||
CASH FLOW FROM INVESTING ACTIVITIES | |||||||||||
Increase in restricted cash and investments | (48) | (21) | |||||||||
Amounts refunded from restricted cash and investments | 34 | 5 | |||||||||
Redemption of preference shares from associates | 36 | 59 | |||||||||
Acquisition of Mponeng operations and related assets | 13 | (3 363) | — | ||||||||
ARM BBEE Trust loan repayment | 9 | 264 | — | ||||||||
ARM BBEE Trust loan advanced | 9 | (264) | — | ||||||||
Capital distributions from investments | 8 | 7 | |||||||||
Proceeds from disposal of property, plant and equipment | 11 | 2 | |||||||||
Additions to property, plant and equipment | 15 | (5 142) | (3 610) | ||||||||
Cash utilised by investing activities | (8 464) | (3 558) | |||||||||
CASH FLOW FROM FINANCING ACTIVITIES | |||||||||||
Borrowings raised | 11 | — | 6 541 | ||||||||
Borrowings repaid | 11 | (3 491) | (5 661) | ||||||||
Proceeds from the issue of shares | — | 3 466 | |||||||||
Partial repurchase of non-controlling interest | (5) | — | |||||||||
Dividend paid | (684) | (3) | |||||||||
Lease payments | (119) | (38) | |||||||||
Cash generated/(utilised) by financing activities | (4 299) | 4 305 | |||||||||
Foreign currency translation adjustments | 46 | (106) | |||||||||
Net increase/(decrease) in cash and cash equivalents | (3 538) | 5 364 | |||||||||
Cash and cash equivalents – beginning of year | 6 357 | 993 | |||||||||
Cash and cash equivalents – end of year | 2 819 | 6 357 |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Revenue from contracts with customers | 43 632 | 30 642 | |||||||||
Gold1
|
42 597 | 29 704 | |||||||||
Silver2
|
857 | 839 | |||||||||
Uranium2
|
178 | 99 | |||||||||
Consideration from streaming contract3
|
397 | — | |||||||||
Hedging loss4
|
(2 296) | (1 397) | |||||||||
Total revenue5
|
41 733 | 29 245 |
•Gold: South Africa (excluding streaming contract)
|
Gold is delivered and a certificate of sale is issued. | ||||
•Gold and silver: Hidden Valley
|
Metal is collected from Hidden Valley and a confirmation of collection is sent to and accepted by the customer. | ||||
•Uranium
|
Confirmation of transfer is issued. | ||||
•Streaming contract
|
Gold is delivered and credited into the Franco-Nevada designated gold account. |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Production costs – excluding royalty1
|
29 137 | 21 721 | |||||||||
Royalty expense2
|
637 | 327 | |||||||||
Amortisation and depreciation3
|
3 893 | 3 508 | |||||||||
Impairment of assets4
|
1 124 | — | |||||||||
Rehabilitation expenditure5
|
285 | 47 | |||||||||
Care and maintenance cost of restructured shafts | 144 | 146 | |||||||||
Employment termination and restructuring costs6
|
332 | 40 | |||||||||
Share-based payments | 114 | 130 | |||||||||
Other | (9) | (11) | |||||||||
Total cost of sales | 35 657 | 25 908 |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Borrowings (refer to note 11)
|
228 | 424 | |||||||||
Other creditors and liabilities | 14 | 9 | |||||||||
Time value of money and inflation component of rehabilitation costs | 296 | 194 | |||||||||
Time value of money for other provisions | 74 | 88 | |||||||||
Streaming arrangements (refer to note 12)
|
71 | — | |||||||||
Interest capitalised | (22) | (54) | |||||||||
Total finance costs | 661 | 661 |
At | ||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
||||||
Balance at beginning of year | 465 | 687 | ||||||
Net deferred tax liability of acquired operations at 1 October 2020 | 148 | — | ||||||
Expense per income statement | 610 | 197 | ||||||
Tax expense/(credit) directly charged to other comprehensive income | 781 | (419) | ||||||
Balance at end of year | 2 004 | 465 | ||||||
Deferred tax asset per balance sheet | (198) | (531) | ||||||
Deferred tax liability per balance sheet | 2 202 | 996 |
At | ||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
||||||
Deductible temporary differences | 640 | 1 079 | ||||||
Assessed losses | — | 574 | ||||||
Total | 640 | 1 653 | ||||||
Deferred tax rate | 27.4 | % | 29.8 | % | ||||
Deferred tax asset | 175 | 492 |
At | |||||
Figures in million |
30 June 2021
(Reviewed) |
||||
Deductible temporary differences | 212 | ||||
Assessed losses | — | ||||
Total | 212 | ||||
Deferred tax rate | 12.8 | % | |||
Deferred tax asset | 23 |
Year ended | |||||||||||
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
||||||||||
Weighted average number of shares (million) | 604 | 535 | |||||||||
Weighted average number of diluted shares (million) | 616 | 547 | |||||||||
Total earnings/(loss) per share (cents): | |||||||||||
Basic earnings/(loss) | 919 | (164) | |||||||||
Diluted earnings/(loss) | 901 | (166) | |||||||||
Headline earnings/(loss) | 923 | (154) | |||||||||
Diluted headline earnings/(loss) | 904 | (157) |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Net profit/(loss) for the year attributable to owners of the parent | 5 553 | (878) | |||||||||
Adjusted for: | |||||||||||
Gain on bargain purchase1
|
(1 153) | — | |||||||||
Impairment of assets2
|
1 124 | — | |||||||||
Taxation effect on impairment of assets | (93) | — | |||||||||
Profit on sale of property, plant and equipment | (11) | (2) | |||||||||
Taxation effect on profit on sale of property, plant and equipment | 2 | — | |||||||||
Loss on scrapping of property, plant and equipment | 161 | 62 | |||||||||
Taxation effect on loss on scrapping of property, plant and equipment | (8) | (10) | |||||||||
Headline earnings/(loss) | 5 575 | (828) |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
US$ gold price per ounce | |||||||||||
– Year 1 | 1 805 | 1 610 | |||||||||
– Year 2 | 1 673 | 1 558 | |||||||||
– Year 3 | 1 582 | 1 469 | |||||||||
– Long term (year 4 onwards) | 1 500 | 1 350 | |||||||||
US$ silver price per ounce | |||||||||||
– Year 1 | 25.72 | 17.00 | |||||||||
– Year 2 | 23.22 | 17.00 | |||||||||
– Year 3 | 21.70 | 17.00 | |||||||||
– Long term (year 4 onwards) | 20.70 | 17.00 | |||||||||
Exchange rate (R/US$) | |||||||||||
– Year 1 | 14.54 | 16.72 | |||||||||
– Year 2 | 14.36 | 15.47 | |||||||||
– Year 3 | 14.44 | 15.29 | |||||||||
– Long term (Year 4 onwards) | 14.51 | 14.51 | |||||||||
Exchange rate (PGK/US$) | 3.50 | 3.45 | |||||||||
Rand gold price (R/kg) | |||||||||||
– Year 1 | 843 000 | 865 000 | |||||||||
– Year 2 | 772 000 | 775 000 | |||||||||
– Year 3 | 735 000 | 722 000 | |||||||||
– Long term (Year 4 onwards) | 700 000 | 630 000 | |||||||||
Additional resources multiples (US$/oz) (underground operations)1
|
|||||||||||
Measured | 16.50 | 25.00 | |||||||||
Indicated | 9.00 | 8.00 | |||||||||
Inferred | 3.60 | 2.80 | |||||||||
Additional resources multiples US$/oz (surface sources)2
|
|||||||||||
Measured | 30.00 | N/A | |||||||||
Indicated | 17.50 | N/A | |||||||||
Inferred | 8.00 | N/A |
Figures in million |
30 June 2021
10% decrease (Reviewed) |
||||
Tshepong Operations | (5 314) | ||||
Mponeng*
|
(2 496) | ||||
Moab Khotsong1
|
(1 916) | ||||
Doornkop | (1 914) | ||||
Target 1 | (1 267) | ||||
Kusasalethu | (821) | ||||
Mine Waste Solutions*
|
(600) | ||||
Kalgold | (390) | ||||
Bambanani1
|
(413) | ||||
Joel | (363) | ||||
Target 3#
|
(178) | ||||
Other assets | (100) |
Figures in million | Rand gold hedging contracts (a) | US$ gold hedging contracts | US$ silver contracts | Foreign exchange contracts | Rand gold derivative contracts | Total | ||||||||||||||
At 30 June 2021 (Reviewed) | ||||||||||||||||||||
Derivative financial assets | 1 358 | 48 | 10 | 383 | — | 1 799 | ||||||||||||||
Non-current | 279 | 40 | 9 | — | — | 328 | ||||||||||||||
Current | 1 079 | 8 | 1 | 383 | — | 1 471 | ||||||||||||||
Derivative financial liabilities | (41) | (73) | (98) | — | — | (212) | ||||||||||||||
Non-current | — | — | (6) | — | — | (6) | ||||||||||||||
Current | (41) | (73) | (92) | — | — | (206) | ||||||||||||||
Net derivative financial instruments | 1 317 | (25) | (88) | 383 | — | 1 587 | ||||||||||||||
Unamortised day one net loss included above | (18) | (5) | — | — | — | (23) | ||||||||||||||
Unrealised gains/(losses) included in other reserves, net of tax | 1 069 | (18) | — | — | — | 1 051 | ||||||||||||||
Movements for the year ended
30 June 2021 |
||||||||||||||||||||
Realised losses included in revenue | (2 023) | (273) | — | — | — | (2 296) | ||||||||||||||
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income | 2 999 | (7) | — | — | — | 2 992 | ||||||||||||||
Gains/(losses) on derivatives | — | — | (256) | 1 217 | 111 | 1 072 | ||||||||||||||
Day one loss amortisation | (42) | (8) | — | — | — | (50) | ||||||||||||||
Total gains/(losses) on derivatives | (42) | (8) | (256) | 1 217 | 111 | 1 022 | ||||||||||||||
Hedge effectiveness | ||||||||||||||||||||
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness | 2 999 | (7) | — | — | — | 2 992 | ||||||||||||||
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness | (2 999) | 7 | — | — | — | (2 992) |
Figures in million | Rand gold hedging contracts | US$ gold hedging contracts | US$ silver contracts | Foreign exchange contracts | Rand gold derivative contracts | Total | ||||||||||||||
At 30 June 2020 (Audited) | ||||||||||||||||||||
Derivative financial assets | 19 | 8 | 11 | 30 | — | 68 | ||||||||||||||
Non-current | 10 | 5 | 5 | 30 | — | 50 | ||||||||||||||
Current | 9 | 3 | 6 | — | — | 18 | ||||||||||||||
Derivative financial liabilities | (3 626) | (356) | (4) | (760) | (257) | (5 003) | ||||||||||||||
Non-current | (717) | (96) | (1) | (65) | — | (879) | ||||||||||||||
Current | (2 909) | (260) | (3) | (695) | (257) | (4 124) | ||||||||||||||
Net derivative financial instruments | (3 607) | (348) | 7 | (730) | (257) | (4 935) | ||||||||||||||
Unamortised day one net loss included above | (18) | (8) | — | — | — | (26) | ||||||||||||||
Unrealised losses included in other reserves, net of tax | (3 053) | (342) | — | — | — | (3 395) | ||||||||||||||
Movements for the year ended
30 June 2020 |
||||||||||||||||||||
Realised losses included in revenue | (1 263) | (134) | — | — | — | (1 397) | ||||||||||||||
Unrealised losses included in other reserves, net of tax | (4 820) | (391) | — | — | — | (5 211) | ||||||||||||||
Gains/(losses) on derivatives | — | — | 6 | (1 235) | (174) | (1 403) | ||||||||||||||
Unrealised losses reclassified to profit or loss as a result of discontinuance of hedge accounting | (235) | — | — | — | — | (235) | ||||||||||||||
Day one loss amortisation | (34) | (6) | — | — | — | (40) | ||||||||||||||
Total gains/(losses) on derivatives | (269) | (6) | 6 | (1 235) | (174) | (1 678) | ||||||||||||||
Hedge effectiveness | ||||||||||||||||||||
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness | (4 820) | (391) | — | — | — | (5 211) | ||||||||||||||
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness | 4 820 | 391 | — | — | — | 5 211 |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Opening balance | (3 395) | (214) | |||||||||
Remeasurement of gold hedging contracts | 4 467 | (3 197) | |||||||||
Unrealised gain/(loss) on gold hedging contracts | 2 992 | (5 211) | |||||||||
Unrealised losses reclassified to profit or loss as a result of discontinuance of hedge accounting | — | 235 | |||||||||
Released to revenue on maturity of the gold hedging contracts | 2 296 | 1 397 | |||||||||
Foreign exchange translation | (39) | (37) | |||||||||
Deferred taxation thereon | (782) | 419 | |||||||||
Attributable to non-controlling interest | (21) | 16 | |||||||||
Closing balance | 1 051 | (3 395) |
FY2022 | FY2023 | TOTAL | |||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||
Zero cost collars | |||||||||||||||||||||||||||||
US$m | 47 | 42 | 27 | — | — | — | — | — | 116 | ||||||||||||||||||||
Average Floor – R/US$ | 16.32 | 16.93 | 17.99 | — | — | — | — | — | 16.93 | ||||||||||||||||||||
Average Cap – R/US$ | 17.90 | 18.54 | 19.65 | — | — | — | — | — | 18.54 | ||||||||||||||||||||
Forward contracts | |||||||||||||||||||||||||||||
US$m | 9 | 9 | 8 | — | — | — | — | — | 26 | ||||||||||||||||||||
Average Forward rate – R/US$ | 18.18 | 18.41 | 18.71 | — | — | — | — | — | 18.43 | ||||||||||||||||||||
R/gold | |||||||||||||||||||||||||||||
000 oz – cash flow hedge | 79 | 72 | 63 | 52 | 38 | 5 | — | — | 309 | ||||||||||||||||||||
Average R'000/kg | 863 | 933 | 1 022 | 1 070 | 1 084 | 1 025 | — | — | 976 | ||||||||||||||||||||
US$/gold | |||||||||||||||||||||||||||||
000 oz – cash flow hedge | 12 | 12 | 11 | 11 | 9 | 9 | 7 | 2 | 73 | ||||||||||||||||||||
Average US$/oz | 1 561 | 1 606 | 1 723 | 1 799 | 1 911 | 1 867 | 1 826 | 1 861 | 1 743 | ||||||||||||||||||||
Total gold | |||||||||||||||||||||||||||||
000 oz | 91 | 84 | 74 | 63 | 47 | 14 | 7 | 2 | 382 | ||||||||||||||||||||
US$/silver | |||||||||||||||||||||||||||||
000 oz | 365 | 335 | 315 | 285 | 285 | 270 | 155 | 45 | 2 055 | ||||||||||||||||||||
Average Floor – US$/oz | 18.61 | 19.52 | 20.05 | 20.43 | 24.39 | 25.97 | 25.98 | 26.30 | 21.72 | ||||||||||||||||||||
Average Cap – US$/oz | 20.26 | 21.35 | 22.05 | 22.49 | 27.02 | 29.00 | 29.24 | 29.52 | 23.99 |
Figures in million |
US$ term loan
US dollar |
US$ RCF
US dollar |
Rand term loan
SA rand |
Rand RCF
SA rand |
Westpac fleet loan
US dollar |
||||||||||||
Borrowings summary at 30 June 2021 | |||||||||||||||||
Original facility | 200 | 200 | 600 | 1 400 | N/A | ||||||||||||
Drawn down/ loan balance | 200 | — | 450 | — | 8 | ||||||||||||
Undrawn committed borrowing facilities | N/A | 200 | N/A* | 1 400 | N/A* | ||||||||||||
Maturity | September | September | November | November | July | ||||||||||||
2023 | 2023 | 2022 | 2022 | 2022 | |||||||||||||
Interest rate |
LIBOR +
3.05% |
LIBOR +
2.90% |
JIBAR +
2.90% |
JIBAR +
2.80% |
LIBOR +
3.20% |
At | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Non-current borrowings | |||||||||||
R2 billion facility | 153 | 1 351 | |||||||||
Balance at beginning of year | 1 351 | 1 489 | |||||||||
Draw down | — | 1 100 | |||||||||
Repayments | (1 050) | (1 100) | |||||||||
Transferred to current borrowings | (150) | (150) | |||||||||
Amortisation of issue cost | 2 | 12 | |||||||||
US$400 million facility | 2 799 | 5 980 | |||||||||
Balance at beginning of year | 5 980 | — | |||||||||
Draw down | — | 5 441 | |||||||||
Issue cost | (11) | (95) | |||||||||
Repayments | (2 347) | — | |||||||||
Amortisation of issue cost | 39 | 12 | |||||||||
Translation | (862) | 622 | |||||||||
US$350 million facility | — | — | |||||||||
Balance at beginning of year | — | 4 143 | |||||||||
Repayments | — | (4 465) | |||||||||
Amortisation of issue cost | — | 24 | |||||||||
Translation | — | 298 | |||||||||
Westpac fleet loan | 22 | 132 | |||||||||
Balance at beginning of year | 132 | 194 | |||||||||
Repayments | (96) | (96) | |||||||||
Transferred to current borrowings | 18 | (16) | |||||||||
Translation | (32) | 50 | |||||||||
Total non-current borrowings | 2 974 | 7 463 | |||||||||
Current borrowings | |||||||||||
R2 billion facility | 300 | 150 | |||||||||
Balance at beginning of year | 150 | — | |||||||||
Transferred from non-current borrowings | 150 | 150 | |||||||||
Westpac fleet loan | 87 | 105 | |||||||||
Balance at beginning of year | 105 | 89 | |||||||||
Transferred from non-current borrowings | (18) | 16 | |||||||||
Total current borrowings | 387 | 255 |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed |
30 June 2020
(Audited) |
|||||||||
Translation gain/(loss) on US$ facilities1
|
(895) | (967) | |||||||||
Rand/US$ exchange rate: | |||||||||||
Closing/spot | 14.27 | 17.32 | |||||||||
Average | 15.40 | 15.66 |
At | |||||
Figures in million |
30 June 2021
(Reviewed) |
||||
Balance at 1 October 2020 – initial recognition | 1 417 | ||||
Finance costs related to significant financing component | 71 | ||||
Non-cash consideration for delivery of gold ounces | (397) | ||||
Closing balance at 30 June 2021 | 1 091 | ||||
– Current | 396 | ||||
– Non-current | 695 |
Figures in million |
30 June 2021
(Reviewed) |
||||
Cash consideration paid | 3 366 | ||||
Cash acquired | (3) | ||||
Net cash paid on 30 September 2020 | 3 363 |
Figures in million |
30 June 2021
(Reviewed) |
||||||||||||||||
Non-current assets | |||||||||||||||||
Property, plant and equipment | 6 547 | ||||||||||||||||
Restricted cash and investments | 1 268 | ||||||||||||||||
Deferred tax assets | 103 | ||||||||||||||||
Current assets | |||||||||||||||||
Inventories | 454 | ||||||||||||||||
Trade and other receivables1
|
59 | ||||||||||||||||
Cash and cash equivalents | 3 | ||||||||||||||||
Non-current liabilities | |||||||||||||||||
Deferred tax liabilities | (251) | ||||||||||||||||
Provision for environmental rehabilitation | (1 442) | ||||||||||||||||
Other non-current liabilities | (41) | ||||||||||||||||
Streaming contract liability | (938) | ||||||||||||||||
Current liabilities | |||||||||||||||||
Trade and other payables | (535) | ||||||||||||||||
Streaming contract liability | (479) | ||||||||||||||||
Fair value of net identifiable assets acquired at 1 October 2020 (provisional) | 4 748 |
Figures in million |
30 June 2021
(Reviewed) |
||||
Consideration paid | |||||
– Cash consideration | 3 366 | ||||
– Contingent consideration | 229 | ||||
Provisional fair value of net identifiable assets acquired | (4 748) | ||||
Gain on bargain purchase (provisional) | (1 153) |
At | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Cash and cash equivalents | 2 819 | 6 357 | |||||||||
Borrowings | (3 361) | (7 718) | |||||||||
Net debt | (542) | (1 361) |
Level 1: | Quoted prices (unadjusted) in active markets | ||||
Level 2: | Inputs other than quoted prices included within level 1 that are observable for the asset, either directly or indirectly (that is, as prices) or indirectly (that is derived from prices); | ||||
Level 3: | Inputs for the asset that are not based on observable market data (that is unobservable inputs). |
At | |||||||||||
Figures in million | Fair value hierarchy level | 30 June 2021 (Reviewed) | 30 June 2020 (Audited) | ||||||||
Fair value through other comprehensive income financial instruments | |||||||||||
Other non-current assets (a) | Level 3 | 72 | 77 | ||||||||
Restricted cash and investments (b) | Level 1 | 252 | — | ||||||||
Fair value through profit or loss financial instruments | |||||||||||
Restricted cash and investments (b) | Level 2 | 1 325 | 837 | ||||||||
Derivative financial assets (c) | Level 2 | 1 799 | 68 | ||||||||
Derivative financial liabilities (c) | Level 2 | (212) | (5 003) | ||||||||
Loan to ARM BBEE Trust (d) | Level 3 | 177 | 306 | ||||||||
Contingent consideration liability (e) | Level 3 | 417 | — |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Capital expenditure – operations | 4 062 | 2 881 | |||||||||
Capital and capitalised exploration and evaluation expenditure for Wafi-Golpu | 34 | 54 | |||||||||
Additions resulting from stripping activities | 1 046 | 675 | |||||||||
Total additions to property, plant and equipment | 5 142 | 3 610 |
At | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Capital expenditure commitments: | |||||||||||
Contracts for capital expenditure | 373 | 368 | |||||||||
Authorised by the directors but not contracted for | 7 425 | 1 314 | |||||||||
Total capital commitments | 7 798 | 1 682 |
Name of director/prescribed officer | Shares sold in open market | Performance and deferred shares vested and retained | |||||||||
P Steenkamp (Executive director) | — | 450 397 | |||||||||
B Lekubo (Executive director) | — | 3 581 | |||||||||
H Mashego (Executive director) | — | 3 319 | |||||||||
B Nel (Prescribed officer) | — | 173 689 | |||||||||
V Tobias (Prescribed officer) | 1 500 | 177 597 | |||||||||
M van der Walt (Prescribed officer) | — | 139 356 | |||||||||
J van Heerden (Prescribed officer) | — | 6 156 |
Year ended | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Reconciliation of production profit to gross profit | |||||||||||
Revenue
|
41 733 | 29 245 | |||||||||
– Per segment report | 40 698 | 28 307 | |||||||||
– Other metal sales treated as by-product credits in the segment report | 1 035 | 938 | |||||||||
Production costs
|
(29 774) | (22 048) | |||||||||
– Per segment report | (28 739) | (21 110) | |||||||||
– Other metal sales treated as by-product credits in the segment report | (1 035) | (938) | |||||||||
Production profit per segment report
|
11 959 | 7 197 | |||||||||
Amortisation and depreciation
|
(3 893) | (3 508) | |||||||||
Impairment of assets | (1 124) | — | |||||||||
Other cost of sales items
|
(866) | (352) | |||||||||
Gross profit as per income statement1
|
6 076 | 3 337 |
At | |||||||||||
Figures in million |
30 June 2021
(Reviewed) |
30 June 2020
(Audited) |
|||||||||
Reconciliation of total segment assets to consolidated property, plant and equipment | |||||||||||
Property, plant and equipment not allocated to a segment | |||||||||||
Mining assets | 211 | 331 | |||||||||
Undeveloped property | 3 989 | 3 681 | |||||||||
Other non-mining assets | 339 | 115 | |||||||||
Assets under construction*
|
2 130 | 2 989 | |||||||||
6 669 | 7 116 |
Revenue | Production cost |
Production
profit/(loss) |
Segment assets | Capital expenditure | Kilograms produced* | Tonnes milled* | ||||||||||||||||||||||||||||||||||||||
30 June | 30 June | 30 June | 30 June | 30 June | 30 June | 30 June | ||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||||||||
R million | R million | R million | R million | R million | kg | t'000 | ||||||||||||||||||||||||||||||||||||||
South Africa
Underground |
||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations
|
6 214 | 5 452 | 4 865 | 4 298 | 1 349 | 1 154 | 6 541 | 6 733 | 1 112 | 930 | 7 419 | 7 293 | 1 558 | 1 417 | ||||||||||||||||||||||||||||||
Moab Khotsong
|
6 048 | 5 008 | 3 842 | 3 344 | 2 206 | 1 664 | 4 007 | 3 842 | 633 | 498 | 7 166 | 6 592 | 903 | 746 | ||||||||||||||||||||||||||||||
Mponeng | 4 750 | — | 2 938 | — | 1 812 | — | 4 582 | — | 493 | — | 5 446 | — | 683 | — | ||||||||||||||||||||||||||||||
Bambanani
|
1 687 | 1 591 | 1 156 | 1 040 | 531 | 551 | 327 | 443 | 71 | 50 | 1 992 | 2 132 | 227 | 200 | ||||||||||||||||||||||||||||||
Joel
|
1 199 | 1 037 | 1 124 | 1 010 | 75 | 27 | 1 169 | 1 080 | 172 | 151 | 1 424 | 1 391 | 359 | 349 | ||||||||||||||||||||||||||||||
Doornkop
|
3 077 | 2 270 | 2 140 | 1 730 | 937 | 540 | 2 994 | 2 841 | 425 | 281 | 3 670 | 2 994 | 851 | 681 | ||||||||||||||||||||||||||||||
Target 1
|
1 410 | 1 524 | 1 667 | 1 499 | (257) | 25 | 1 367 | 1 276 | 368 | 347 | 1 603 | 2 244 | 488 | 543 | ||||||||||||||||||||||||||||||
Kusasalethu
|
3 400 | 2 293 | 2 955 | 2 577 | 445 | (284) | 1 057 | 1 253 | 205 | 188 | 3 999 | 3 015 | 708 | 615 | ||||||||||||||||||||||||||||||
Masimong
|
1 636 | 1 401 | 1 427 | 1 258 | 209 | 143 | 26 | 41 | 29 | 24 | 2 012 | 1 999 | 510 | 489 | ||||||||||||||||||||||||||||||
Unisel1
|
224 | 681 | 182 | 580 | 42 | 101 | — | 6 | — | 7 | 247 | 982 | 57 | 219 | ||||||||||||||||||||||||||||||
Surface
|
||||||||||||||||||||||||||||||||||||||||||||
All other surface operations
|
7 025 | 3 302 | 4 724 | 2 135 | 2 301 | 1 167 | 2 499 | 745 | 335 | 118 | 8 088 | 4 349 | 39 489 | 16 264 | ||||||||||||||||||||||||||||||
Total South Africa
|
36 670 | 24 559 | 27 020 | 19 471 | 9 650 | 5 088 | 24 569 | 18 260 | 3 843 | 2 594 | 43 066 | 32 991 | 45 833 | 21 523 | ||||||||||||||||||||||||||||||
International | ||||||||||||||||||||||||||||||||||||||||||||
Hidden Valley
|
4 028 | 3 748 | 1 719 | 1 639 | 2 309 | 2 109 | 3 128 | 3 810 | 1 260 | 959 | 4 689 | 4 872 | 3 420 | 3 906 | ||||||||||||||||||||||||||||||
Total international
|
4 028 | 3 748 | 1 719 | 1 639 | 2 309 | 2 109 | 3 128 | 3 810 | 1 260 | 959 | 4 689 | 4 872 | 3 420 | 3 906 | ||||||||||||||||||||||||||||||
Total operations
|
40 698 | 28 307 | 28 739 | 21 110 | 11 959 | 7 197 | 27 697 | 22 070 | 5 103 | 3 553 | 47 755 | 37 863 | 49 253 | 25 429 | ||||||||||||||||||||||||||||||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 19)
|
1 035 | 938 | 1 035 | 938 | — | — | 6 669 | 7 116 | ||||||||||||||||||||||||||||||||||||
41 733 | 29 245 | 29 774 | 22 048 | 11 959 | 7 197 | 34 366 | 29 186 | 5 103 | 3 553 | 47 755 | 37 863 | 49 253 | 25 429 |
Year ended | |||||||||||
Figures in million | 30 June 2021 | 30 June 2020 | |||||||||
Revenue | 2 710 | 1 867 | |||||||||
Cost of sales | (2 321) | (1 655) | |||||||||
Production costs | (1 933) | (1 409) | |||||||||
Amortisation and depreciation | (253) | (224) | |||||||||
Impairment of assets | (79) | — | |||||||||
Other items | (56) | (22) | |||||||||
Gross profit | 389 | 212 | |||||||||
Corporate, administration and other expenditure | (69) | (39) | |||||||||
Exploration expenditure | (11) | (13) | |||||||||
Gains/(losses) on derivatives | 66 | (107) | |||||||||
Foreign exchange translation gain/(loss) | 44 | (57) | |||||||||
Other operating expenses | (36) | (20) | |||||||||
Operating profit/(loss) | 383 | (24) | |||||||||
Gain on bargain purchase | 69 | — | |||||||||
Acquisition-related costs | (8) | (3) | |||||||||
Share of profits from associates | 5 | 6 | |||||||||
Investment income | 21 | 24 | |||||||||
Finance costs | (43) | (42) | |||||||||
Profit/(loss) before taxation | 427 | (39) | |||||||||
Taxation | (75) | (17) | |||||||||
Current taxation | (35) | (4) | |||||||||
Deferred taxation | (40) | (13) | |||||||||
Net profit/(loss) for the year | 352 | (56) | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 2 | 2 | |||||||||
Owners of the parent | 350 | (58) | |||||||||
Earnings/(loss) per ordinary share (cents) | |||||||||||
Basic earnings/(loss) | 58 | (10) | |||||||||
Diluted earnings/(loss) | 56 | (11) |
Note on convenience translations
The requirements of IAS 21 The Effects of the Changes in Foreign Exchange Rates have not necessarily been applied in the translation of the US Dollar financial statements presented on page 43 to 47.
|
Year ended | |||||||||||
Figures in million | 30 June 2021 | 30 June 2020 | |||||||||
Net profit/(loss) for the year | 352 | (56) | |||||||||
Other comprehensive income for the year, net of income tax | 211 | (124) | |||||||||
Items that may be reclassified subsequently to profit or loss: | 210 | (127) | |||||||||
Foreign exchange translation gain/(loss)
|
(80) | 77 | |||||||||
Remeasurement of gold hedging contracts
|
290 | (204) | |||||||||
Items that will not be reclassified to profit or loss | 1 | 3 | |||||||||
Total comprehensive income for the year | 563 | (180) | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 3 | — | |||||||||
Owners of the parent | 560 | (180) |
Figures in million | Share capital | Accumulated loss |
Other
reserves |
Non-controlling interest | Total | |||||||||||||||
Balance – 1 July 2020 | 2 308 | (882) | 211 | — | 1 637 | |||||||||||||||
Share-based payments | — | — | 11 | — | 11 | |||||||||||||||
Net profit for the year | — | 389 | — | 3 | 392 | |||||||||||||||
Other comprehensive income for the year | — | — | 226 | 1 | 227 | |||||||||||||||
Dividends paid | — | (47) | — | — | (47) | |||||||||||||||
Balance – 30 June 2021 | 2 308 | (540) | 448 | 4 | 2 220 | |||||||||||||||
Balance – 1 July 2019 | 1 707 | (675) | 275 | — | 1 307 | |||||||||||||||
Issue of shares | 195 | — | — | — | 195 | |||||||||||||||
Share-based payments | — | — | 11 | — | 11 | |||||||||||||||
Net profit/(loss) for the year | — | (51) | — | 2 | (49) | |||||||||||||||
Other comprehensive income for the year | — | — | (112) | (2) | (114) | |||||||||||||||
Balance – 30 June 2020 | 1 902 | (726) | 174 | — | 1 350 |
At | |||||||||||
Figures in million | 30 June 2021 | 30 June 2020 | |||||||||
ASSETS | |||||||||||
Non-current assets | |||||||||||
Property, plant and equipment | 2 409 | 1 685 | |||||||||
Intangible assets | 26 | 31 | |||||||||
Restricted cash and investments | 367 | 209 | |||||||||
Investments in associates | 9 | 8 | |||||||||
Deferred tax assets | 14 | 31 | |||||||||
Other non-current assets | 23 | 25 | |||||||||
Derivative financial assets | 23 | 3 | |||||||||
Total non-current assets | 2 871 | 1 992 | |||||||||
Current assets | |||||||||||
Inventories | 178 | 140 | |||||||||
Restricted cash and investments | 5 | 4 | |||||||||
Trade and other receivables | 116 | 75 | |||||||||
Derivative financial assets | 103 | 1 | |||||||||
Cash and cash equivalents | 198 | 367 | |||||||||
Total current assets | 600 | 587 | |||||||||
Total assets | 3 471 | 2 579 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and reserves | |||||||||||
Attributable to equity holders of the parent company | 2 216 | 1 350 | |||||||||
Share capital | 2 308 | 1 902 | |||||||||
Other reserves | 448 | 174 | |||||||||
Accumulated loss | (540) | (726) | |||||||||
Non-controlling interest | 4 | — | |||||||||
Total equity | 2 220 | 1 350 | |||||||||
Non-current liabilities | |||||||||||
Deferred tax liabilities | 154 | 58 | |||||||||
Provision for environmental rehabilitation | 327 | 197 | |||||||||
Other provisions | 65 | 52 | |||||||||
Borrowings | 208 | 431 | |||||||||
Contingent consideration liability | 29 | — | |||||||||
Other non-current liabilities | 12 | 6 | |||||||||
Derivative financial liabilities | — | 51 | |||||||||
Streaming contract liability | 49 | — | |||||||||
Total non-current liabilities | 844 | 795 | |||||||||
Current liabilities | |||||||||||
Other provisions | 12 | 10 | |||||||||
Borrowings | 28 | 15 | |||||||||
Trade and other payables | 325 | 171 | |||||||||
Derivative financial liabilities | 14 | 238 | |||||||||
Streaming contract liability | 28 | — | |||||||||
Total current liabilities | 407 | 434 | |||||||||
Total equity and liabilities | 3 471 | 2 579 |
Year ended | |||||||||||
Figures in million | 30 June 2021 | 30 June 2020 | |||||||||
CASH FLOW FROM OPERATING ACTIVITIES | |||||||||||
Cash generated by operations | 633 | 321 | |||||||||
Dividends received | 6 | — | |||||||||
Interest received | 11 | 5 | |||||||||
Interest paid | (15) | (24) | |||||||||
Income and mining taxes paid | (38) | (2) | |||||||||
Cash generated from operating activities | 597 | 300 | |||||||||
CASH FLOW FROM INVESTING ACTIVITIES | |||||||||||
Increase in restricted cash and investments | (3) | (1) | |||||||||
Amounts refunded from restricted cash and investments | 2 | — | |||||||||
Redemption of preference shares from associates | 2 | 4 | |||||||||
Acquisition of Mponeng operations and related assets | (200) | — | |||||||||
ARM BBEE Trust loan repayment | 17 | — | |||||||||
ARM BBEE Trust loan advanced | (17) | — | |||||||||
Capital distribution from investments | 1 | — | |||||||||
Proceeds from disposal of property, plant and equipment | 1 | — | |||||||||
Additions to property, plant and equipment | (334) | (230) | |||||||||
Cash utilised by investing activities | (531) | (227) | |||||||||
CASH FLOW FROM FINANCING ACTIVITIES | |||||||||||
Borrowings raised | — | 418 | |||||||||
Borrowings repaid | (227) | (361) | |||||||||
Proceeds from the issue of shares | — | 200 | |||||||||
Dividends paid | (44) | — | |||||||||
Lease payments | (8) | (2) | |||||||||
Cash generated/(utilised) by financing activities | (279) | 255 | |||||||||
Foreign currency translation adjustments | 44 | (31) | |||||||||
Net increase/(decrease) in cash and cash equivalents | (169) | 297 | |||||||||
Cash and cash equivalents – beginning of year | 367 | 70 | |||||||||
Cash and cash equivalents – end of year | 198 | 367 |
Revenue | Production cost | Production profit/(loss) | Segment assets | Capital expenditure | Ounces produced | Tons milled | ||||||||||||||||||||||||||||||||||||||
30 June | 30 June | 30 June | 30 June | 30 June | 30 June | 30 June | ||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||||||||
US$ million | US$ million | US$ million | US$ million | US$ million | oz | t'000 | ||||||||||||||||||||||||||||||||||||||
South Africa
Underground |
||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations | 403 | 348 | 316 | 274 | 87 | 74 | 458 | 389 | 72 | 59 | 238 526 | 234 475 | 1 718 | 1 562 | ||||||||||||||||||||||||||||||
Moab Khotsong | 393 | 320 | 249 | 213 | 144 | 107 | 281 | 222 | 41 | 32 | 230 391 | 211 938 | 995 | 822 | ||||||||||||||||||||||||||||||
Mponeng | 308 | — | 191 | — | 117 | — | 321 | — | 32 | — | 175 092 | — | 753 | — | ||||||||||||||||||||||||||||||
Bambanani | 110 | 102 | 75 | 66 | 35 | 36 | 23 | 26 | 5 | 3 | 64 044 | 68 545 | 250 | 221 | ||||||||||||||||||||||||||||||
Joel | 78 | 66 | 73 | 64 | 5 | 2 | 82 | 62 | 11 | 10 | 45 783 | 44 722 | 396 | 384 | ||||||||||||||||||||||||||||||
Doornkop | 200 | 145 | 139 | 110 | 61 | 35 | 210 | 164 | 28 | 18 | 117 993 | 96 259 | 938 | 750 | ||||||||||||||||||||||||||||||
Target 1 | 92 | 97 | 108 | 96 | (16) | 1 | 96 | 74 | 24 | 22 | 51 536 | 72 146 | 537 | 598 | ||||||||||||||||||||||||||||||
Kusasalethu | 221 | 146 | 192 | 165 | 29 | (19) | 74 | 72 | 13 | 12 | 128 570 | 96 934 | 780 | 678 | ||||||||||||||||||||||||||||||
Masimong | 106 | 89 | 93 | 80 | 13 | 9 | 2 | 2 | 2 | 2 | 64 687 | 64 269 | 563 | 539 | ||||||||||||||||||||||||||||||
Unisel1
|
15 | 43 | 12 | 37 | 3 | 6 | — | — | — | — | 7 941 | 31 573 | 63 | 242 | ||||||||||||||||||||||||||||||
Surface | ||||||||||||||||||||||||||||||||||||||||||||
All other surface operations | 456 | 212 | 306 | 138 | 150 | 74 | 175 | 43 | 21 | 8 | 260 034 | 139 823 | 43 547 | 17 935 | ||||||||||||||||||||||||||||||
Total South Africa | 2 382 | 1 568 | 1 754 | 1 243 | 628 | 325 | 1 722 | 1 054 | 249 | 166 | 1 384 597 | 1 060 684 | 50 540 | 23 731 | ||||||||||||||||||||||||||||||
International | ||||||||||||||||||||||||||||||||||||||||||||
Hidden Valley | 262 | 239 | 112 | 105 | 150 | 134 | 219 | 220 | 82 | 61 | 150 755 | 156 639 | 3 772 | 4 307 | ||||||||||||||||||||||||||||||
Total international | 262 | 239 | 112 | 105 | 150 | 134 | 219 | 220 | 82 | 61 | 150 755 | 156 639 | 3 772 | 4 307 | ||||||||||||||||||||||||||||||
Total operations | 2 644 | 1 807 | 1 866 | 1 348 | 778 | 459 | 1 941 | 1 274 | 331 | 227 | 1 535 352 | 1 217 323 | 54 312 | 28 038 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
meters | meters | (cm's) | (g/t) | (cmg/t) | |||||||||||||
Tshepong
|
|||||||||||||||||
Basal
|
860 | 784 | 8.46 | 121.94 | 1 032 | ||||||||||||
B Reef
|
459 | 410 | 158.14 | 20.42 | 3 229 | ||||||||||||
All Reefs
|
1 319 | 1 194 | 59.86 | 29.84 | 1 786 | ||||||||||||
Phakisa
|
|||||||||||||||||
Basal
|
1 066 | 1 056 | 42.70 | 31.31 | 1 337 | ||||||||||||
All Reefs
|
1 066 | 1 056 | 42.70 | 31.31 | 1 337 | ||||||||||||
Bambanani
|
|||||||||||||||||
Basal
|
— | — | — | — | — | ||||||||||||
All Reefs
|
— | — | — | — | — | ||||||||||||
Doornkop
|
|||||||||||||||||
South Reef
|
1 713 | 1 419 | 65.53 | 13.62 | 893 | ||||||||||||
All Reefs
|
1 713 | 1 419 | 65.53 | 13.62 | 893 | ||||||||||||
Kusasalethu
|
|||||||||||||||||
VCR Reef
|
282 | 340 | 48.96 | 21.42 | 1 049 | ||||||||||||
All Reefs
|
282 | 340 | 48.96 | 21.42 | 1 049 | ||||||||||||
Target 1
|
|||||||||||||||||
Elsburg/Dryerskuil
|
368 | 176 | 256.59 | 10.52 | 2 700 | ||||||||||||
All Reefs
|
368 | 176 | 256.59 | 10.52 | 2 700 | ||||||||||||
Masimong 5
|
|||||||||||||||||
Basal
|
1 044 | 846 | 90.74 | 14.86 | 1 348 | ||||||||||||
B Reef
|
791 | 906 | 103.10 | 21.78 | 2 246 | ||||||||||||
All Reefs
|
1 835 | 1 752 | 97.13 | 18.66 | 1 813 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
meters | meters | (cm's) | (g/t) | (cmg/t) | |||||||||||||
Joel
|
|||||||||||||||||
Beatrix
|
1 806 | 1 764 | 137.72 | 6.87 | 946 | ||||||||||||
All Reefs
|
1 806 | 1 764 | 137.72 | 6.87 | 946 | ||||||||||||
Moab Khotsong
|
|||||||||||||||||
Vaal Reef
|
1 144 | 710 | 102.89 | 35.34 | 3 636 | ||||||||||||
C Reef | |||||||||||||||||
All Reefs
|
1 144 | 710 | 102.89 | 35.34 | 3 636 | ||||||||||||
Mponeng
|
|||||||||||||||||
VCR
|
709 | 622 | 70.02 | 50.38 | 3 528 | ||||||||||||
Carbon Leader | 105 | 66 | 28.36 | 44.97 | 1 275 | ||||||||||||
All Reefs
|
815 | 688 | 66.03 | 50.16 | 3 312 | ||||||||||||
Total Harmony
|
|||||||||||||||||
Basal
|
2 970 | 2 686 | 47.84 | 26.16 | 1 252 | ||||||||||||
Beatrix
|
1 806 | 1 764 | 137.72 | 6.87 | 946 | ||||||||||||
B Reef
|
1 250 | 1 316 | 261.24 | 42.20 | 5 475 | ||||||||||||
Elsburg/Dryerskuil
|
368 | 176 | 256.59 | 10.52 | 2 700 | ||||||||||||
Vaal Reef
|
1 144 | 710 | 102.89 | 35.34 | 3 636 | ||||||||||||
South Reef
|
1 713 | 1 419 | 65.53 | 13.62 | 893 | ||||||||||||
VCR
|
991 | 962 | 118.98 | 71.81 | 4 577 | ||||||||||||
Carbon Leader | 105 | 66 | 28.36 | 44.97 | 1 275 | ||||||||||||
All Reefs | 10 347 | 9 099 | 88.25 | 19.11 | 1 687 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
feet | feet | (inch) | (oz/t) | (in.oz/t) | |||||||||||||
Tshepong
|
|||||||||||||||||
Basal
|
2 821 | 2 572 | 3.00 | 3.95 | 12 | ||||||||||||
B Reef
|
1 506 | 1 345 | 62.00 | 0.60 | 37 | ||||||||||||
All Reefs
|
4 327 | 3 917 | 24.00 | 0.85 | 21 | ||||||||||||
Phakisa
|
|||||||||||||||||
Basal
|
3 499 | 3 465 | 17.00 | 0.90 | 15 | ||||||||||||
All Reefs
|
3 499 | 3 465 | 17.00 | 0.90 | 15 | ||||||||||||
Bambanani
|
|||||||||||||||||
Basal
|
— | — | — | — | — | ||||||||||||
All Reefs
|
— | — | — | — | — | ||||||||||||
Doornkop
|
|||||||||||||||||
South Reef
|
5 621 | 4 656 | 26.00 | 0.39 | 10 | ||||||||||||
All Reefs
|
5 621 | 4 656 | 26.00 | 0.39 | 10 | ||||||||||||
Kusasalethu
|
|||||||||||||||||
VCR Reef
|
924 | 1 115 | 19.00 | 0.63 | 12 | ||||||||||||
All Reefs
|
924 | 1 115 | 19.00 | 0.63 | 12 | ||||||||||||
Target 1
|
|||||||||||||||||
Elsburg/Dryerskuil
|
1 206 | 577 | 101.00 | 0.31 | 31 | ||||||||||||
All Reefs
|
1 206 | 577 | 101.00 | 0.31 | 31 | ||||||||||||
Masimong 5
|
|||||||||||||||||
Basal
|
3 424 | 2 776 | 36.00 | 0.43 | 15 | ||||||||||||
B Reef
|
2 596 | 2 972 | 41.00 | 0.63 | 26 | ||||||||||||
All Reefs
|
6 020 | 5 748 | 38.00 | 0.55 | 21 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
feet | feet | (inch) | (oz/t) | (in.oz/t) | |||||||||||||
Joel
|
|||||||||||||||||
Beatrix
|
5 926 | 5 787 | 54.00 | 0.20 | 11 | ||||||||||||
All Reefs
|
5 926 | 5 787 | 54.00 | 0.20 | 11 | ||||||||||||
Moab Khotsong
|
|||||||||||||||||
Vaal Reef
|
3 753 | 2 329 | 41.00 | 1.02 | 42 | ||||||||||||
C Reef
|
|||||||||||||||||
All Reefs | 3 753 | 2 329 | 41.00 | 1.02 | 42 | ||||||||||||
Mponeng
|
|||||||||||||||||
VCR
|
2 327 | 2 041 | 28.00 | 1.45 | 41 | ||||||||||||
Carbon Leader
|
346 | 217 | 11.00 | 1.33 | 15 | ||||||||||||
All Reefs
|
2 673 | 2 257 | 26.00 | 1.46 | 38 | ||||||||||||
Total Harmony
|
|||||||||||||||||
Basal
|
9 743 | 8 813 | 19.00 | 0.76 | 14 | ||||||||||||
Beatrix
|
5 926 | 5 787 | 54.00 | 0.20 | 11 | ||||||||||||
B Reef
|
4 102 | 4 317 | 103.00 | 0.61 | 63 | ||||||||||||
Elsburg/Dryerskuil
|
1 206 | 577 | 101.00 | 0.31 | 31 | ||||||||||||
Vaal Reef
|
3 753 | 2 329 | 41.00 | 1.02 | 42 | ||||||||||||
South Reef
|
5 621 | 4 656 | 26.00 | 0.39 | 10 | ||||||||||||
VCR
|
3 251 | 3 156 | 47.00 | 1.12 | 53 | ||||||||||||
Carbon Leader | 346 | 217 | 11.00 | 1.33 | 15 | ||||||||||||
All Reefs
|
33 947 | 29 852 | 35.00 | 0.55 | 19 |
Jaco Boshoff | |||||
Physical address: | Postal address: | ||||
Randfontein Office Park
Corner of Main Reef Road and Ward Avenue Randfontein South Africa |
PO Box 2
Randfontein 1760 South Africa |
Greg Job | |||||
Physical address: | Postal address: | ||||
Level 2, 189 Coronation Drive
Milton, Queensland 4064 Australia |
PO Box 1562
Milton, Queensland 4064 Australia |
HARMONY GOLD MINING COMPANY LIMITED
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TRANSFER SECRETARIES
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Harmony Gold Mining Company Limited was incorporated and registered as a public company in South Africa on 25 August 1950
Registration number: 1950/038232/06 |
JSE Investor Services (Proprietary) Limited
(Registration number 2000/007239/07)
19 Ameshoff Street, 13th Floor, Hollard House, Braamfontein
PO Box 4844, Johannesburg, 2000, South Africa
Telephone: +27 86 154 6572
E-mail: info@jseinvestorservices.co.za
Fax: +27 86 674 4381
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CORPORATE OFFICE
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Randfontein Office Park
PO Box 2, Randfontein, 1760, South Africa
Corner Main Reef Road and Ward Avenue
Randfontein, 1759, South Africa
Telephone: +27 11 411 2000
Website: www.harmony.co.za
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ADR* DEPOSITARY
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Deutsche Bank Trust Company Americas
c/o American Stock Transfer and Trust Company
Operations Centre, 6201 15th Avenue, Brooklyn,
NY 11219, United States
E-mail queries: db@astfinancial.com
Toll free (within the US): +1 886 249 2593
Int: +1 718 921 8137
Fax: +1 718 921 8334
*ADR: American Depositary Receipts
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DIRECTORS
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Dr PT Motsepe* (chairman), JM Motloba* (deputy chairman), M Msimang*^ (lead independent director), PW Steenkamp (chief executive officer),
BP Lekubo (financial director), HE Mashego (executive director)
JA Chissano*^#, FFT De Buck*^, Dr DSS Lushaba*^, KT Nondumo*^, VP Pillay*^, GR Sibiya*^, JL Wetton*^, AJ Wilkens*, P Turner*^
* Non-executive
^ Independent
# Mozambican
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SPONSOR | ||||||||
JP Morgan Equities South Africa (Proprietary) Limited
1 Fricker Road, corner Hurlingham Road, Illovo, Johannesburg, 2196
Private Bag X9936, Sandton, 2146
Telephone: +27 11 507 0300
Fax: +27 11 507 0503
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INVESTOR RELATIONS
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E-mail: HarmonyIR@harmony.co.za
Telephone: +27 11 411 6073 or +27 82 746 4120 |
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TRADING SYMBOLS | ||||||||
COMPANY SECRETARIAT
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ISIN: ZAE 000015228 | ||||||||
E-mail: companysecretariat@harmony.co.za
Telephone: +27 11 411 2359
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Harmony Gold Mining Company Limited
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Date: August 31, 2021
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By: /s/ Boipelo Lekubo
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Name: Boipelo Lekubo
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Title: Financial Director
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1 Year Harmony Gold Mining Chart |
1 Month Harmony Gold Mining Chart |
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