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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 | |
---|---|---|---|---|---|---|---|---|
-0.03 | -0.33% | 9.00 | 9.15 | 8.82 | 9.08 | 4,269,966 | 22:29:37 |
FY22∗ | Harmony Gold Mining Company Limited Incorporated in the Republic of South Africa Registration number: 1950/038232/06 JSE share code: HAR NYSE share code: HMY ISIN: ZAE000015228 (Harmony or the company) | ||||
RESULTS | |||||
for the year ended 30 June 2022 |
KEY FEATURES for the financial year 2022 (FY22) vs financial year 2021 (FY21) |
RESPONSIBLE STEWARDSHIP | CASH CERTAINTY | |||||||
• FTSE4Good constituent: amongst top 9% within the same FTSE industry basic resource sector • Included in the Bloomberg Gender Equality Index for the 4th consecutive year • CDP Water 'A' rating • Kareerand water use licence obtained • Improved safety performance – LTIFR below 6 • Commenced the 30MW Phase 1 renewable energy programme • Refinanced our funding facilities which include sustainability-linked KPIs • Secured a R1.5bn green loan to be used exclusively for Phase 2 renewable energy roll-out | • Revenue of R42 645m (US$2 804m) increased by 2% from R41 733m (US$2 710m) • Net debt to EBITDA stable at 0.1x • HEPS of 499 SA cents (33 US cents) decreased by 49% from 987 SA cents (64 US cents) • Production profit of R9 546m (US$628m) decreased 20% from R11 958m (US$777m) • Operating free cash flow of R2 905m (US$191m) decreased by 55% from R6 528m (US$424m) • Net loss of R1 012m (US$48m) after net profit decreased by 120% from R5 124m (US$326m) | |||||||
OPERATIONAL EXCELLENCE | EFFECTIVE CAPITAL ALLOCATION | |||||||
• Met revised annual production guidance • Hidden Valley returned to normal levels of production in Q4 • Higher quality reserves and resources will result in improved conversions – 132.6Moz in gold and gold equivalent resources – 39.8Moz in gold and gold equivalent reserves | • Capital prioritised towards high-grade underground and high-margin surface assets • Strong pipeline of organic projects, including Tier 1 Wafi-Golpu, to drive production profile and margin expansion • Deleveraged balance sheet with R8 202m (US$504m) in liquidity • Final dividend** of 22 SA cents (1.3 US cents)^ per share declared • Total FY22 dividend yield of 1.1%# |
Year ended 30 June 2022 | Year ended 30 June 2021 | % Change | ||||||||||||
Gold produced | kg | 46 236 | 47 755 | (3) | ||||||||||
oz | 1 486 517 | 1 535 352 | (3) | |||||||||||
Underground grade | g/t | 5.37 | 5.51 | (3) | ||||||||||
Gold price received | R/kg | 894 218 | 851 045 | 5 | ||||||||||
US$/oz | 1 829 | 1 719 | 6 | |||||||||||
Cash operating costs | R/kg | 701 024 | 600 592 | (17) | ||||||||||
US$/oz | 1 434 | 1 213 | (18) | |||||||||||
Total costs and capital | R/kg | 834 937 | 707 445 | (18) | ||||||||||
US$/oz | 1 707 | 1 429 | (19) | |||||||||||
All-in sustaining costs (AISC) | R/kg | 835 891 | 723 054 | (16) | ||||||||||
US$/oz | 1 709 | 1 460 | (17) | |||||||||||
Production profit | R million | 9 546 | 11 958 | (20) | ||||||||||
US$ million | 628 | 777 | (19) | |||||||||||
Average exchange rate | R/US$ | 15.21 | 15.40 | (1) |
Year ended 30 June 2022 | Year ended 30 June 2021 | % Change | ||||||||||||
Basic earnings/(loss) per share | SA cents | (172) | 842 | <(100) | ||||||||||
US cents | (8) | 54 | <(100) | |||||||||||
Headline earnings | R million | 3 055 | 5 959 | (49) | ||||||||||
US$ million | 199 | 387 | (49) | |||||||||||
Headline earnings per share (HEPS) | SA cents | 499 | 987 | (49) | ||||||||||
US cents | 33 | 64 | (49) |
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 | ||||
12 | Operating results – year on year (Rand/Metric) | ||||
14 | Operating results – year on year (US$/Imperial) | ||||
16 | Review report from external auditor | ||||
17 | Condensed consolidated income statement (Rand) | ||||
18 | Condensed consolidated statement of comprehensive income (Rand) | ||||
18 | Condensed consolidated statement of changes in equity (Rand) | ||||
19 | Condensed consolidated balance sheet (Rand) | ||||
20 | Condensed consolidated cash flow statement (Rand) | ||||
21 | Notes to the condensed consolidated financial statements | ||||
38 | Segment report (Rand/Metric) | ||||
39 | Condensed consolidated income statement (US$) | ||||
40 | Condensed consolidated statement of comprehensive income (US$) | ||||
40 | Condensed consolidated statement of changes in equity (US$) | ||||
41 | Condensed consolidated balance sheet (US$) | ||||
42 | Condensed consolidated cash flow statement (US$) | ||||
43 | Segment report (US$/Imperial) | ||||
44 | Development results – Metric and Imperial | ||||
45 | Competent person's declaration | ||||
45 | Directorate and administration |
Issued ordinary share capital 30 June 2022 | 616 525 702 | ||||
Issued ordinary share capital 30 June 2021 | 616 052 197 | ||||
MARKET CAPITALISATION | |||||
As at 30 June 2022 (ZARm) | 32 041 | ||||
As at 30 June 2022 (US$m) | 1 956 | ||||
As at 30 June 2021 (ZARm) | 32 503 | ||||
As at 30 June 2021 (US$m) | 2 276 | ||||
HARMONY ORDINARY SHARES AND ADR PRICES | |||||
12-month high (1 July 2021 – 30 June 2022) for ordinary shares (ZAR) | 82.65 | ||||
12-month low (1 July 2021 – 30 June 2022) for ordinary shares (ZAR) | 43.87 | ||||
12-month high (1 July 2021 – 30 June 2022) for ADRs (US$) | 5.36 | ||||
12-month low (1 July 2021 – 30 June 2022) for ADRs (US$) | 3.01 | ||||
FREE FLOAT | 100 | % | |||
AMERICAN DEPOSITARY RECEIPT (ADR) RATIO | 1:1 | ||||
JSE LIMITED | HAR | ||||
Average daily volume for the year (1 July 2021 – 30 June 2022) | 2 434 235 | ||||
Average daily volume for the previous year (1 July 2020 – 30 June 2021) | 3 827 808 | ||||
NEW YORK STOCK EXCHANGE | HMY | ||||
Average daily volume for the year (1 July 2021 – 30 June 2022) | 6 317 140 | ||||
Average daily volume for the previous year (1 July 2020 – 30 June 2021) | 6 591 645 | ||||
INVESTORS' CALENDAR | |||||
Annual General Meeting | 29 November 2022 |
Last date to trade ordinary shares cum-dividend is | Tuesday, 11 October 2022 | ||||
Ordinary shares trade ex-dividend | Wednesday, 12 October 2022 | ||||
Record date | Friday, 14 October 2022 | ||||
Payment date | Monday, 17 October 2022 |
ASSUMPTIONS | ||
In converting the Mineral Resources to Mineral Reserves, the following commodity prices and exchange rates were applied: | ||
•A gold price of US$1 546/oz | ||
•An exchange rate of R15.35/US$1 | ||
•The above parameters resulted in a Rand/kg gold price of R763 000/kg for the South African assets | ||
•The Hidden Valley mine and the Wafi-Golpu project used commodity prices of US$1 546/oz Au, US$22.35/oz Ag and US$3.30/lb Cu at an exchange rate of AUD1.37 per US$ | ||
•Gold equivalent ounces are calculated assuming US$1 546/oz Au, US$3.30/lb Cu and US$22.35/oz Ag, and assuming a 100% recovery for all metals |
Mineral Resources: Gold and gold equivalents | Measured | Indicated | Inferred | Total | ||||||||||||||||||||||||||||||||||
Tonnes (Mt) | Grade (g/t) | Gold (000oz) | Tonnes (Mt) | Grade (g/t) | Gold (000oz) | Tonnes (Mt) | Grade (g/t) | Gold (000oz) | Tonnes (Mt) | Grade (g/t) | Gold (000oz) | |||||||||||||||||||||||||||
SA underground | 71.0 | 9.06 | 20 704 | 82.0 | 10.63 | 28 015 | 96.4 | 10.14 | 31 404 | 249.4 | 9.99 | 80 122 | ||||||||||||||||||||||||||
SA surface including Kalgold | 308.7 | 0.28 | 2 733 | 1 253.4 | 0.28 | 11 161 | 60.4 | 0.32 | 626 | 1 622.5 | 0.28 | 14 520 | ||||||||||||||||||||||||||
Total South Africa | 379.8 | 23 437 | 1 335.4 | 39 176 | 156.7 | 32 030 | 1 871.9 | 94 643 | ||||||||||||||||||||||||||||||
Hidden Valley | 2.5 | 0.86 | 70 | 51.2 | 1.50 | 2 462 | 1.4 | 1.25 | 57 | 55.1 | 1.46 | 2 589 | ||||||||||||||||||||||||||
Wafi-Golpu system* | — | — | — | 399.0 | 0.85 | 10 800 | 114.0 | 0.75 | 2 700 | 513.0 | 0.82 | 13 500 | ||||||||||||||||||||||||||
Kerimenge | — | — | — | — | — | — | 16.4 | 1.07 | 565 | 16.4 | 1.07 | 565 | ||||||||||||||||||||||||||
Total Papua New Guinea | 2.5 | 70 | 450.2 | 13 262 | 131.8 | 3 322 | 584.5 | 16 654 | ||||||||||||||||||||||||||||||
Total gold resources | 382.3 | 23 507 | 1 785.5 | 52 437 | 288.5 | 35 352 | 2 456.4 | 111 297 | ||||||||||||||||||||||||||||||
Hidden Valley – gold equivalent ounces | 2.5 | 22 | 49.3 | 507 | 1.2 | 13 | 53.1 | 541 | ||||||||||||||||||||||||||||||
Wafi-Golpu – gold equivalent ounces* | — | — | 345.0 | 17 666 | 94.0 | 3 048 | 439.0 | 20 714 | ||||||||||||||||||||||||||||||
Total gold equivalent resources** | 2.5 | 22 | 394.3 | 18 173 | 95.2 | 3 061 | 492.1 | 21 256 | ||||||||||||||||||||||||||||||
Total Harmony gold and gold equivalent resources** | 382.3 | 23 529 | 1 785.5 | 70 610 | 288.5 | 38 414 | 2 456.4 | 132 553 |
Mineral Resources: Silver and copper (used in equivalent calculations) | Measured | Indicated | Inferred | Total | ||||||||||||||||||||||||||||||||||
Tonnes (Mt) | Grade (g/t) | Silver (000oz) | Tonnes (Mt) | Grade (g/t) | Silver (000oz) | Tonnes (Mt) | Grade (g/t) | Silver (000oz) | Tonnes (Mt) | Grade (g/t) | Silver (000oz) | |||||||||||||||||||||||||||
Hidden Valley | 2.5 | 18.32 | 1 501 | 49.3 | 22.13 | 35 058 | 1.2 | 23.12 | 917 | 53.1 | 21.97 | 37 475 | ||||||||||||||||||||||||||
Measured | Indicated | Inferred | Total | |||||||||||||||||||||||||||||||||||
Tonnes (Mt) | Grade (%) | Copper (Mlb) | Tonnes (Mt) | Grade (%) | Copper (Mlb) | Tonnes (Mt) | Grade (%) | Copper (Mlb) | Tonnes (Mt) | Grade (%) | Copper (Mlb) | |||||||||||||||||||||||||||
Golpu* | — | — | — | 345.0 | 1.10 | 8 300 | 70.0 | 0.86 | 1 300 | 415.0 | 1.10 | 9 600 | ||||||||||||||||||||||||||
Nambonga* | — | — | — | — | — | — | 24.0 | 0.20 | 104 | 24.0 | 0.20 | 104 | ||||||||||||||||||||||||||
Total | — | — | — | 345.0 | 1.10 | 8 300 | 94.0 | 0.69 | 1 404 | 439.0 | 0.99 | 9 704 |
Mineral Reserves: Gold and gold equivalents | Proved | Probable | Total | ||||||||||||||||||||||||||
Tonnes (Mt) | Grade (g/t) | Gold (000oz) | Tonnes (Mt) | Grade (g/t) | Gold (000oz) | Tonnes (Mt) | Grade (g/t) | Gold (000oz) | |||||||||||||||||||||
SA underground | 26.3 | 5.74 | 4 856 | 27.7 | 7.04 | 6 267 | 54.0 | 6.40 | 11 123 | ||||||||||||||||||||
SA surface including Kalgold | 149.7 | 0.30 | 1 437 | 1 080.9 | 0.26 | 8 997 | 1 230.7 | 0.26 | 10 434 | ||||||||||||||||||||
Total South Africa | 176.1 | 6 292 | 1 108.6 | 15 264 | 1 284.7 | 21 557 | |||||||||||||||||||||||
Hidden Valley | 2.5 | 0.86 | 70 | 16.6 | 1.77 | 943 | 19.1 | 1.65 | 1 014 | ||||||||||||||||||||
Wafi-Golpu system* | — | — | 200.0 | 0.86 | 5 500 | 200.0 | 0.86 | 5 500 | |||||||||||||||||||||
Total Papua New Guinea | 2.5 | 70 | 216.6 | 6 443 | 219.1 | 6 514 | |||||||||||||||||||||||
Total gold reserves | 178.6 | 6 363 | 1 325.2 | 21 708 | 1 503.8 | 28 070 | |||||||||||||||||||||||
Hidden Valley – gold equivalent ounces | 2.5 | 22 | 16.3 | 170 | 18.8 | 192 | |||||||||||||||||||||||
Wafi-Golpu – gold equivalent ounces* | — | — | 200.0 | 11 542 | 200.0 | 11 542 | |||||||||||||||||||||||
Total gold equivalent reserves** | 2.5 | 22 | 216.3 | 11 712 | 218.8 | 11 733 | |||||||||||||||||||||||
Total Harmony gold and gold equivalent reserves** | 178.6 | 6 384 | 1 325.2 | 33 419 | 1 503.8 | 39 804 |
Mineral Reserves: Silver and copper (used in equivalent calculations) | Proved | Probable | Total | ||||||||||||||||||||||||||
Tonnes (Mt) | Grade (g/t) | Silver (000oz) | Tonnes (Mt) | Grade (g/t) | Silver (000oz) | Tonnes (Mt) | Grade (g/t) | Silver (000oz) | |||||||||||||||||||||
Hidden Valley | 2.5 | 18.32 | 1 501 | 16.3 | 22.45 | 11 758 | 18.8 | 21.89 | 13 259 | ||||||||||||||||||||
Proved | Probable | Total | |||||||||||||||||||||||||||
Tonnes (Mt) | Grade (%) | Copper (Mlb) | Tonnes (Mt) | Grade (%) | Copper (Mlb) | Tonnes (Mt) | Grade (%) | Copper (Mlb) | |||||||||||||||||||||
Golpu* | — | — | — | 200.0 | 1.20 | 5 400 | 200.0 | 1.20 | 5 400 |
Year ended | SOUTH AFRICA | SOUTH AFRICA | Hidden Valley | TOTAL HARMONY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNDERGROUND PRODUCTION | SURFACE PRODUCTION | TOTAL SOUTH AFRICA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations | Moab Khotsong | Mponeng | Bambanani | Joel | Doornkop | Target 1 | Kusasalethu | Masimong | Unisel | TOTAL UNDER- GROUND | Mine Waste Solutions | Phoenix | Central Plant Reclamation | Dumps | Kalgold | TOTAL SURFACE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ore milled | t'000 | Jun-22 | 1 561 | 959 | 840 | 176 | 434 | 874 | 455 | 607 | 486 | — | 6 392 | 23 443 | 6 229 | 4 033 | 9 043 | 1 432 | 44 180 | 50 572 | 3 229 | 53 801 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 558 | 903 | 683 | 227 | 359 | 851 | 488 | 708 | 510 | 57 | 6 344 | 17 665 | 6 190 | 4 020 | 10 107 | 1 507 | 39 489 | 45 833 | 3 420 | 49 253 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Yield | g/tonne | Jun-22 | 4.50 | 6.79 | 7.25 | 8.14 | 3.59 | 3.94 | 3.96 | 7.52 | 3.93 | — | 5.37 | 0.124 | 0.123 | 0.145 | 0.311 | 0.79 | 0.19 | 0.84 | 1.15 | 0.86 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 4.76 | 7.94 | 7.97 | 8.78 | 3.97 | 4.31 | 3.28 | 5.65 | 3.95 | 4.33 | 5.51 | 0.116 | 0.126 | 0.140 | 0.354 | 0.74 | 0.20 | 0.94 | 1.37 | 0.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold produced | kg | Jun-22 | 7 022 | 6 508 | 6 086 | 1 433 | 1 556 | 3 444 | 1 800 | 4 567 | 1 910 | — | 34 326 | 2 899 | 767 | 586 | 2 814 | 1 137 | 8 203 | 42 529 | 3 707 | 46 236 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 7 419 | 7 166 | 5 446 | 1 992 | 1 424 | 3 670 | 1 603 | 3 999 | 2 012 | 247 | 34 978 | 2 057 | 779 | 563 | 3 580 | 1 109 | 8 088 | 43 066 | 4 689 | 47 755 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold sold | kg | Jun-22 | 7 030 | 6 393 | 6 041 | 1 437 | 1 555 | 3 464 | 1 821 | 4 586 | 1 911 | — | 34 238 | 2 879 | 766 | 591 | 2 875 | 1 142 | 8 253 | 42 491 | 3 662 | 46 153 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 7 353 | 7 095 | 5 299 | 1 975 | 1 414 | 3 603 | 1 619 | 3 980 | 1 993 | 242 | 34 573 | 2 043 | 777 | 566 | 3 527 | 1 112 | 8 025 | 42 598 | 4 755 | 47 353 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold price received | R/kg | Jun-22 | 903 407 | 903 905 | 930 257 | 895 101 | 907 660 | 896 779 | 904 992 | 902 634 | 906 822 | — | 907 583 | 753 912 | 899 012 | 911 134 | 908 626 | 900 713 | 852 847 | 896 951 | 862 505 | 894 218 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 845 031 | 852 392 | 896 474 | 854 392 | 848 131 | 853 957 | 870 640 | 854 201 | 820 780 | 925 979 | 857 441 | 729 882 | 798 310 | 851 505 | 872 960 | 859 070 | 825 869 | 851 494 | 847 027 | 851 045 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold revenue¹ | R'000 | Jun-22 | 6 350 950 | 5 778 664 | 5 619 682 | 1 286 260 | 1 411 411 | 3 106 441 | 1 647 991 | 4 139 479 | 1 732 937 | — | 31 073 815 | 2 641 568 | 688 643 | 538 480 | 2 612 299 | 1 028 614 | 7 509 604 | 38 583 419 | 3 158 494 | 41 741 913 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 1 888 528 | 620 287 | 481 952 | 3 078 929 | 955 286 | 7 024 982 | 36 669 306 | 4 027 615 | 40 696 921 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating cost (net of by-product credits) | R'000 | Jun-22 | 5 087 713 | 4 133 533 | 4 497 715 | 1 157 365 | 1 316 268 | 2 513 999 | 1 794 489 | 3 098 265 | 1 508 732 | — | 25 108 079 | 1 593 351 | 440 594 | 289 519 | 1 921 102 | 867 016 | 5 111 582 | 30 219 661 | 2 192 878 | 32 412 539 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 1 035 977 | 395 858 | 270 789 | 2 126 639 | 775 797 | 4 605 060 | 27 010 874 | 1 670 376 | 28 681 250 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory movement | R'000 | Jun-22 | (3 459) | (95 226) | (11 085) | 5 654 | (8 019) | (61 066) | 17 037 | (12 207) | (4 485) | — | (172 856) | (5 435) | (1 369) | 2 688 | 28 181 | 2 540 | 26 605 | (146 251) | (70 828) | (217 079) | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | (54 316) | (3 609) | 36 298 | (12 789) | (10 911) | (46 133) | 4 702 | (13 651) | (13 465) | 3 679 | (110 195) | 101 237 | (2 601) | 562 | 19 752 | 146 | 119 096 | 8 901 | 48 420 | 57 321 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Operating costs | R'000 | Jun-21 | 5 084 254 | 4 038 307 | 4 486 630 | 1 163 019 | 1 308 249 | 2 452 933 | 1 811 526 | 3 086 058 | 1 504 247 | — | 24 935 223 | 1 587 916 | 439 225 | 292 207 | 1 949 283 | 869 556 | 5 138 187 | 30 073 410 | 2 122 050 | 32 195 460 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 1 137 214 | 393 257 | 271 351 | 2 146 391 | 775 943 | 4 724 156 | 27 019 775 | 1 718 796 | 28 738 571 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Production profit/(loss) | R'000 | Jun-22 | 1 266 696 | 1 740 357 | 1 133 052 | 123 241 | 103 162 | 653 508 | (163 535) | 1 053 421 | 228 690 | — | 6 138 592 | 1 053 652 | 249 418 | 246 273 | 663 016 | 159 058 | 2 371 417 | 8 510 009 | 1 036 444 | 9 546 453 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 751 314 | 227 030 | 210 601 | 932 538 | 179 343 | 2 300 826 | 9 649 531 | 2 308 819 | 11 958 350 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditure | R'000 | Jun-22 | 1 514 019 | 893 533 | 604 535 | 25 444 | 224 588 | 490 768 | 383 855 | 210 096 | 48 521 | — | 4 395 359 | 263 644 | 28 422 | 18 180 | 34 249 | 202 897 | 547 392 | 4 942 751 | 1 248 864 | 6 191 615 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 111 907 | 632 578 | 492 521 | 71 195 | 172 120 | 425 312 | 368 414 | 204 972 | 29 331 | — | 3 508 350 | 69 958 | 3 909 | 12 751 | 39 264 | 208 265 | 334 147 | 3 842 497 | 1 260 298 | 5 102 795 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating costs | R/kg | Jun-22 | 724 539 | 635 146 | 739 026 | 807 652 | 845 931 | 729 965 | 996 938 | 678 403 | 789 912 | — | 731 460 | 549 621 | 574 438 | 494 060 | 682 694 | 762 547 | 623 136 | 710 566 | 591 551 | 701 024 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 503 635 | 508 162 | 480 975 | 594 033 | 699 546 | 569 369 | 627 197 | 356 233 | 600 592 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating costs | R/tonne | Jun-22 | 3 259 | 4 310 | 5 354 | 6 576 | 3 033 | 2 876 | 3 944 | 5 104 | 3 104 | — | 3 928 | 68 | 71 | 72 | 212 | 605 | 116 | 598 | 679 | 602 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 3 157 | 4 259 | 4 248 | 5 148 | 3 161 | 2 568 | 3 407 | 4 194 | 2 824 | 3 126 | 3 532 | 59 | 64 | 67 | 210 | 515 | 117 | 589 | 488 | 582 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating cost and Capital | R/kg | Jun-22 | 940 150 | 772 444 | 838 359 | 825 408 | 990 267 | 872 464 | 1 210 191 | 724 406 | 815 316 | — | 859 507 | 640 564 | 611 494 | 525 084 | 694 865 | 940 996 | 689 866 | 826 787 | 928 444 | 834 937 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 537 645 | 513 180 | 503 623 | 605 001 | 887 342 | 610 683 | 716 421 | 625 010 | 707 445 | |||||||||||||||||||||||||||||||||||||||||||||||||||
All-in sustaining cost | R/kg | Jun-22 | 925 100 | 739 870 | 865 976 | 851 977 | 983 593 | 823 966 | 1 210 404 | 739 681 | 845 299 | — | 855 321 | 608 952 | 611 580 | 529 591 | 689 630 | 964 678 | 680 841 | 821 057 | 1 007 986 | 835 891 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 601 978 | 511 946 | 501 947 | 619 692 | 905 253 | 636 015 | 728 121 | 677 659 | 723 054 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-22 | (4) | % | 13 | % | 9 | % | 8 | % | (9) | % | 3 | % | (32) | % | 20 | % | 10 | % | — | % | 5 | % | 14 | % | 32 | % | 43 | % | 25 | % | (4) | % | 20 | % | 8 | % | (1) | % | 7 | % | |||||||||||||||||||||||||||||
Jun-21 | 3 | % | 26 | % | 29 | % | 27 | % | (9) | % | 15 | % | (44) | % | 7 | % | 10 | % | 20 | % | 13 | % | 20 | % | 36 | % | 41 | % | 30 | % | (4) | % | 24 | % | 15 | % | 28 | % | 16 | % |
¹ Includes a non-cash consideration to Franco-Nevada (Jun-22: R471.055m, Jun-21: R397.380m), excluded from the gold price calculation. | ||||||||||||||||||||
² Excludes run of mine costs for Kalgold (Jun-22: R0.450m, Jun-21: -R7.439m) and Hidden Valley (Jun-22: R237.714m, Jun-21: R19.561m). |
12 Harmony Gold Mining Company Limited | FY22 Results for the year ended 30 June 2022 | Harmony Gold Mining Company Limited | FY22 Results for the year ended 30 June 2022 13 |
Year ended | SOUTH AFRICA | SOUTH AFRICA | Hidden Valley | TOTAL HARMONY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNDERGROUND PRODUCTION | SURFACE PRODUCTION | TOTAL SOUTH AFRICA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations | Moab Khotsong | Mponeng | Bambanani | Joel | Doornkop | Target 1 | Kusasalethu | Masimong | Unisel | TOTAL UNDER- GROUND | Mine Waste Solutions | Phoenix | Central Plant Reclamation | Dumps | Kalgold | TOTAL SURFACE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ore milled | t'000 | Jun-22 | 1 721 | 1 059 | 926 | 194 | 478 | 963 | 501 | 669 | 536 | — | 7 047 | 25 851 | 6 868 | 4 447 | 9 972 | 1 579 | 48 717 | 55 764 | 3 561 | 59 325 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 718 | 995 | 753 | 250 | 396 | 938 | 537 | 780 | 563 | 63 | 6 993 | 19 479 | 6 827 | 4 434 | 11 145 | 1 662 | 43 547 | 50 540 | 3 772 | 54 312 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Yield | oz/ton | Jun-22 | 0.131 | 0.198 | 0.211 | 0.237 | 0.105 | 0.115 | 0.116 | 0.219 | 0.115 | — | 0.157 | 0.004 | 0.004 | 0.004 | 0.009 | 0.023 | 0.005 | 0.025 | 0.033 | 0.025 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 0.139 | 0.232 | 0.233 | 0.256 | 0.116 | 0.126 | 0.096 | 0.165 | 0.115 | 0.126 | 0.161 | 0.003 | 0.004 | 0.004 | 0.010 | 0.021 | 0.006 | 0.027 | 0.040 | 0.028 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold produced | oz | Jun-22 | 225 763 | 209 237 | 195 669 | 46 072 | 50 026 | 110 726 | 57 872 | 146 833 | 61 407 | — | 1 103 605 | 93 205 | 24 659 | 18 840 | 90 471 | 36 555 | 263 730 | 1 367 335 | 119 182 | 1 486 517 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 66 133 | 25 046 | 18 101 | 115 099 | 35 655 | 260 034 | 1 384 597 | 150 755 | 1 535 352 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold sold | oz | Jun-22 | 226 019 | 205 539 | 194 222 | 46 201 | 49 994 | 111 370 | 58 547 | 147 444 | 61 440 | — | 1 100 776 | 92 563 | 24 627 | 19 001 | 92 433 | 36 717 | 265 341 | 1 366 117 | 117 736 | 1 483 853 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 65 684 | 24 982 | 18 197 | 113 395 | 35 752 | 258 010 | 1 369 555 | 152 876 | 1 522 431 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold price received | $/oz | Jun-22 | 1 847 | 1 848 | 1 902 | 1 830 | 1 856 | 1 834 | 1 851 | 1 846 | 1 854 | — | 1 856 | 1 542 | 1 838 | 1 863 | 1 858 | 1 842 | 1 744 | 1 834 | 1 764 | 1 829 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 707 | 1 722 | 1 811 | 1 726 | 1 713 | 1 725 | 1 758 | 1 725 | 1 658 | 1 870 | 1 732 | 1 474 | 1 612 | 1 720 | 1 763 | 1 735 | 1 668 | 1 720 | 1 711 | 1 719 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Gold revenue¹ | $'000 | Jun-22 | 417 537 | 379 913 | 369 461 | 84 564 | 92 792 | 204 230 | 108 346 | 272 146 | 113 930 | — | 2 042 919 | 173 667 | 45 274 | 35 402 | 171 743 | 67 625 | 493 711 | 2 536 630 | 207 652 | 2 744 282 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 122 632 | 40 278 | 31 296 | 199 930 | 62 032 | 456 168 | 2 381 125 | 261 533 | 2 642 658 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating cost (net of by-product credits) | $'000 | Jun-22 | 334 487 | 271 755 | 295 698 | 76 090 | 86 537 | 165 280 | 117 977 | 203 692 | 99 191 | — | 1 650 707 | 104 754 | 28 966 | 19 034 | 126 301 | 57 002 | 336 057 | 1 986 764 | 144 168 | 2 130 932 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 67 272 | 25 705 | 17 583 | 138 094 | 50 376 | 299 030 | 1 753 952 | 108 466 | 1 862 418 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory movement | $'000 | Jun-22 | (227) | (6 261) | (729) | 372 | (527) | (4 015) | 1 120 | (803) | (295) | — | (11 365) | (357) | (90) | 177 | 1 853 | 167 | 1 750 | (9 615) | (4 657) | (14 272) | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | (3 527) | (234) | 2 357 | (830) | (709) | (2 996) | 305 | (886) | (874) | 239 | (7 155) | 6 574 | (169) | 36 | 1 283 | 9 | 7 733 | 578 | 3 144 | 3 722 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Operating costs | $'000 | Jun-22 | 334 260 | 265 494 | 294 969 | 76 462 | 86 010 | 161 265 | 119 097 | 202 889 | 98 896 | — | 1 639 342 | 104 397 | 28 876 | 19 211 | 128 154 | 57 169 | 337 807 | 1 977 149 | 139 511 | 2 116 660 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | 73 846 | 25 536 | 17 619 | 139 377 | 50 385 | 306 763 | 1 754 530 | 111 610 | 1 866 140 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Production profit/(loss) | $'000 | Jun-22 | 83 277 | 114 419 | 74 492 | 8 102 | 6 782 | 42 965 | (10 751) | 69 257 | 15 034 | — | 403 577 | 69 270 | 16 398 | 16 191 | 43 589 | 10 456 | 155 904 | 559 481 | 68 141 | 627 622 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 87 585 | 143 199 | 117 691 | 34 527 | 4 888 | 60 863 | (16 729) | 28 850 | 13 572 | 2 744 | 477 190 | 48 786 | 14 742 | 13 677 | 60 553 | 11 647 | 149 405 | 626 595 | 149 923 | 776 518 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditure | $'000 | Jun-22 | 99 538 | 58 745 | 39 745 | 1 673 | 14 766 | 32 266 | 25 237 | 13 812 | 3 190 | — | 288 972 | 17 333 | 1 869 | 1 195 | 2 252 | 13 340 | 35 989 | 324 961 | 82 107 | 407 068 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 72 202 | 41 076 | 31 982 | 4 622 | 11 178 | 27 618 | 23 923 | 13 311 | 1 904 | — | 227 816 | 4 543 | 254 | 828 | 2 550 | 13 524 | 21 699 | 249 515 | 81 838 | 331 353 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating cost | $/oz | Jun-22 | 1 482 | 1 299 | 1 511 | 1 652 | 1 730 | 1 493 | 2 039 | 1 387 | 1 615 | — | 1 496 | 1 124 | 1 175 | 1 010 | 1 396 | 1 559 | 1 274 | 1 453 | 1 210 | 1 434 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 339 | 1 084 | 1 076 | 1 185 | 1 610 | 1 203 | 2 095 | 1 500 | 1 446 | 1 457 | 1 294 | 1 017 | 1 026 | 971 | 1 200 | 1 413 | 1 150 | 1 267 | 719 | 1 213 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating costs | $/t | Jun-22 | 194 | 257 | 319 | 392 | 181 | 172 | 235 | 304 | 185 | — | 234 | 4 | 4 | 4 | 13 | 36 | 7 | 36 | 40 | 36 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 186 | 251 | 250 | 304 | 186 | 151 | 201 | 247 | 166 | 184 | 208 | 3 | 4 | 4 | 12 | 30 | 7 | 35 | 29 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash operating cost and Capital | $/oz | Jun-22 | 1 922 | 1 580 | 1 714 | 1 688 | 2 025 | 1 784 | 2 475 | 1 481 | 1 667 | — | 1 758 | 1 310 | 1 250 | 1 074 | 1 421 | 1 924 | 1 411 | 1 691 | 1 899 | 1 707 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 642 | 1 262 | 1 259 | 1 257 | 1 854 | 1 437 | 2 559 | 1 603 | 1 475 | 1 457 | 1 496 | 1 086 | 1 036 | 1 017 | 1 222 | 1 792 | 1 233 | 1 447 | 1 262 | 1 429 | |||||||||||||||||||||||||||||||||||||||||||||||||||
All-in sustaining cost | $/oz | Jun-22 | 1 892 | 1 513 | 1 771 | 1 742 | 2 011 | 1 685 | 2 475 | 1 513 | 1 729 | — | 1 749 | 1 245 | 1 251 | 1 083 | 1 410 | 1 973 | 1 392 | 1 679 | 2 067 | 1 709 | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun-21 | 1 647 | 1 266 | 1 333 | 1 295 | 1 891 | 1 374 | 2 488 | 1 644 | 1 544 | 1 580 | 1 515 | 1 216 | 1 034 | 1 014 | 1 252 | 1 828 | 1 285 | 1 471 | 1 383 | 1 460 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Operating free cash flow margin² | % | Jun-22 | (4) | % | 13 | % | 9 | % | 8 | % | (9) | % | 3 | % | (32) | % | 20 | % | 10 | % | - | 5 | % | 14 | % | 32 | % | 43 | % | 25 | % | (4) | % | 20 | % | 8 | % | (1) | % | 7 | % | ||||||||||||||||||||||||||||||
Jun-21 | 3 | % | 26 | % | 29 | % | 27 | % | (9) | % | 15 | % | (44) | % | 7 | % | 10 | % | 20 | % | 13 | % | 20 | % | 36 | % | 41 | % | 30 | % | (4) | % | 24 | % | 15 | % | 28 | % | 16 | % |
¹ Includes a non-cash consideration to Franco-Nevada (Jun-22: US$30.969m, Jun-21: US$25.804m), excluded from the gold price calculation. | ||
² Excludes run of mine costs for Kalgold (Jun-22: US$0.030m, Jun-21: -US$0.483m) and Hidden Valley (Jun-22: US$15.628m, Jun-21: US$1.270m). |
14 Harmony Gold Mining Company Limited | FY22 Results for the year ended 30 June 2022 | Harmony Gold Mining Company Limited | FY22 Results for the year ended 30 June 2022 15 |
Year ended | |||||||||||
Figures in million | Notes | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||
Revenue | 3 | 42 645 | 41 733 | ||||||||
Cost of sales | 4 | (41 927) | (35 489) | ||||||||
Production costs | (33 099) | (29 774) | |||||||||
Amortisation and depreciation | (3 683) | (3 875) | |||||||||
Impairment of assets | (4 433) | (1 124) | |||||||||
Other items | (712) | (716) | |||||||||
Gross profit | 718 | 6 244 | |||||||||
Corporate, administration and other expenditure | (984) | (1 068) | |||||||||
Exploration expenditure | (214) | (177) | |||||||||
Gains on derivatives | 8 | 53 | 1 022 | ||||||||
Foreign exchange translation gain/(loss) | 10 | (327) | 670 | ||||||||
Other operating expenses | (1) | (241) | |||||||||
Operating profit/(loss) | (755) | 6 450 | |||||||||
Gain on bargain purchase | — | 303 | |||||||||
Acquisition-related costs | — | (124) | |||||||||
Share of profits from associates | 63 | 83 | |||||||||
Investment income | 352 | 331 | |||||||||
Finance costs | (718) | (661) | |||||||||
Profit/(loss) before taxation | (1 058) | 6 382 | |||||||||
Taxation | 5 | 46 | (1 258) | ||||||||
Current taxation | (307) | (544) | |||||||||
Deferred taxation | 353 | (714) | |||||||||
Net profit/(loss) for the year | (1 012) | 5 124 | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 40 | 37 | |||||||||
Owners of the parent | (1 052) | 5 087 | |||||||||
Earnings/(loss) per ordinary share (cents) | 6 | ||||||||||
Basic earnings/(loss) | (172) | 842 | |||||||||
Diluted earnings/(loss) | (172) | 825 |
The provisional condensed consolidated financial statements (condensed consolidated financial statements) for the year ended 30 June 2022 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 30 August 2022. These condensed consolidated financial statements have been reviewed by the group's external auditors, PricewaterhouseCoopers Incorporated. The unmodified review report is included on page 16. 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 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||
Net profit/(loss) for the year | (1 012) | 5 124 | |||||||||
Other comprehensive income for the year, net of income tax | 202 | 3 251 | |||||||||
Items that may be reclassified subsequently to profit or loss | 171 | 3 233 | |||||||||
Foreign exchange translation gain/(loss) | 13 | 742 | (1 234) | ||||||||
Remeasurement of gold hedging contracts | 8 | (571) | 4 467 | ||||||||
Items that will not be reclassified to profit or loss | 31 | 18 | |||||||||
Total comprehensive income for the year | (810) | 8 375 | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 40 | 58 | |||||||||
Owners of the parent | (850) | 8 317 |
Figures in million | Share capital | Accumulated loss | Other reserves | Non-controlling interest | Total | |||||||||||||||
Balance – 1 July 2021 | 32 934 | (8 173) | 6 399 | 54 | 31 214 | |||||||||||||||
Share-based payments | — | — | 143 | — | 143 | |||||||||||||||
Net profit/(loss) for the year | — | (1 052) | — | 40 | (1 012) | |||||||||||||||
Other comprehensive income for the year | — | — | 202 | — | 202 | |||||||||||||||
Dividends paid1 | — | (414) | — | (16) | (430) | |||||||||||||||
Balance – 30 June 2022 (Reviewed) | 32 934 | (9 639) | 6 744 | 78 | 30 117 | |||||||||||||||
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 | — | 5 087 | — | 37 | 5 124 | |||||||||||||||
Other comprehensive income for the year | — | — | 3 230 | 21 | 3 251 | |||||||||||||||
Dividends paid | — | (677) | — | (7) | (684) | |||||||||||||||
Balance – 30 June 2021 (Audited) | 32 934 | (8 173) | 6 399 | 54 | 31 214 |
At | |||||||||||
Figures in million | Notes | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||
ASSETS | |||||||||||
Non-current assets | |||||||||||
Property, plant and equipment | 7 | 32 872 | 33 597 | ||||||||
Intangible assets | 7 | 48 | 365 | ||||||||
Restricted cash and investments | 5 555 | 5 232 | |||||||||
Investments in associates | 125 | 126 | |||||||||
Deferred tax assets | 5 | 203 | 272 | ||||||||
Other non-current assets | 374 | 332 | |||||||||
Derivative financial assets | 8 | 137 | 328 | ||||||||
Total non-current assets | 39 314 | 40 252 | |||||||||
Current assets | |||||||||||
Inventories | 2 818 | 2 542 | |||||||||
Restricted cash and investments | 27 | 67 | |||||||||
Trade and other receivables | 1 682 | 1 652 | |||||||||
Derivative financial assets | 8 | 519 | 1 471 | ||||||||
Cash and cash equivalents | 2 448 | 2 819 | |||||||||
Total current assets | 7 494 | 8 551 | |||||||||
Total assets | 46 808 | 48 803 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and reserves | |||||||||||
Attributable to equity holders of the parent company | 30 039 | 31 160 | |||||||||
Share capital | 32 934 | 32 934 | |||||||||
Other reserves | 6 744 | 6 399 | |||||||||
Accumulated loss | (9 639) | (8 173) | |||||||||
Non-controlling interest | 78 | 54 | |||||||||
Total equity | 30 117 | 31 214 | |||||||||
Non-current liabilities | |||||||||||
Deferred tax liabilities | 5 | 1 586 | 2 178 | ||||||||
Provision for environmental rehabilitation | 9 | 5 013 | 4 662 | ||||||||
Other provisions | 932 | 926 | |||||||||
Borrowings | 10 | 3 180 | 2 974 | ||||||||
Contingent consideration liability | 11 | 356 | 417 | ||||||||
Other non-current liabilities | 268 | 178 | |||||||||
Derivative financial liabilities | 8 | 3 | 6 | ||||||||
Streaming contract liability | 12 | 378 | 695 | ||||||||
Total non-current liabilities | 11 716 | 12 036 | |||||||||
Current liabilities | |||||||||||
Other provisions | 139 | 175 | |||||||||
Borrowings | 10 | 25 | 387 | ||||||||
Trade and other payables | 4 494 | 4 389 | |||||||||
Derivative financial liabilities | 8 | 8 | 206 | ||||||||
Streaming contract liability | 12 | 309 | 396 | ||||||||
Total current liabilities | 4 975 | 5 553 | |||||||||
Total equity and liabilities | 46 808 | 48 803 |
Year ended | |||||||||||
Figures in million | Notes | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||
CASH FLOW FROM OPERATING ACTIVITIES | |||||||||||
Cash generated by operations | 14 | 7 378 | 9 741 | ||||||||
Dividends received | 74 | 85 | |||||||||
Interest received | 87 | 171 | |||||||||
Interest paid | (319) | (234) | |||||||||
Income and mining taxes paid | (296) | (584) | |||||||||
Cash generated from operating activities | 6 924 | 9 179 | |||||||||
CASH FLOW FROM INVESTING ACTIVITIES | |||||||||||
Increase in restricted cash and investments | (128) | (48) | |||||||||
Amounts refunded from restricted cash and investments | 53 | 34 | |||||||||
Redemption of preference shares from associates | — | 36 | |||||||||
Acquisition of Mponeng operations and related assets | — | (3 363) | |||||||||
ARM BBEE Trust loan repayment | 65 | 264 | |||||||||
ARM BBEE Trust loan advanced | — | (264) | |||||||||
Capital distributions from investments | — | 8 | |||||||||
Proceeds from disposal of property, plant and equipment | 24 | 11 | |||||||||
Additions to property, plant and equipment | 14 | (6 214) | (5 142) | ||||||||
Cash utilised by investing activities | (6 200) | (8 464) | |||||||||
CASH FLOW FROM FINANCING ACTIVITIES | |||||||||||
Borrowings raised | 10 | 3 057 | — | ||||||||
Borrowings repaid | 10 | (3 601) | (3 491) | ||||||||
Partial repurchase of non-controlling interest | — | (5) | |||||||||
Dividend paid | (430) | (684) | |||||||||
Lease payments | (177) | (119) | |||||||||
Cash utilised by financing activities | (1 151) | (4 299) | |||||||||
Foreign currency translation adjustments | 56 | 46 | |||||||||
Net decrease in cash and cash equivalents | (371) | (3 538) | |||||||||
Cash and cash equivalents – beginning of year | 2 819 | 6 357 | |||||||||
Cash and cash equivalents – end of year | 2 448 | 2 819 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Revenue from contracts with customers | 41 677 | 43 632 | |||||||||
Gold1 | 40 774 | 42 597 | |||||||||
Silver2 | 663 | 857 | |||||||||
Uranium2 | 240 | 178 | |||||||||
Consideration from streaming contract3 | 471 | 397 | |||||||||
Hedging gain/(loss)4 | 497 | (2 296) | |||||||||
Total revenue5 | 42 645 | 41 733 |
•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 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Production costs – excluding royalty1 | 32 739 | 29 137 | |||||||||
Royalty expense2 | 360 | 637 | |||||||||
Amortisation and depreciation | 3 683 | 3 875 | |||||||||
Impairment of assets3 | 4 433 | 1 124 | |||||||||
Rehabilitation expenditure | 136 | 135 | |||||||||
Care and maintenance cost of restructured operations4 | 273 | 144 | |||||||||
Employment termination and restructuring costs5 | 218 | 332 | |||||||||
Share-based payments | 143 | 114 | |||||||||
Other | (58) | (9) | |||||||||
Total cost of sales | 41 927 | 35 489 |
At | ||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||
Balance at beginning of year | 1 906 | 465 | ||||||
Net deferred tax liability of acquired operations at 1 October 2020 | — | (55) | ||||||
Expense/(credit) per income statement (a) | (353) | 714 | ||||||
Tax expense/(credit) directly charged to other comprehensive income (b) | (170) | 782 | ||||||
Balance at end of year | 1 383 | 1 906 | ||||||
Deferred tax asset per balance sheet (c) | (203) | (272) | ||||||
Deferred tax liability per balance sheet | 1 586 | 2 178 |
Year ended | |||||||||||
30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||||
Weighted average number of shares (million) | 612 | 604 | |||||||||
Weighted average number of diluted shares (million) | 615 | 616 | |||||||||
Total earnings/(loss) per share (cents): | |||||||||||
Basic earnings/(loss) | (172) | 842 | |||||||||
Diluted earnings/(loss)1 | (172) | 825 | |||||||||
Headline earnings | 499 | 987 | |||||||||
Diluted headline earnings | 497 | 967 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Net profit/(loss) for the year attributable to owners of the parent | (1 052) | 5 087 | |||||||||
Adjusted for: | |||||||||||
Gain on bargain purchase1 | — | (303) | |||||||||
Impairment of assets2 | 4 433 | 1 124 | |||||||||
Taxation effect on impairment of assets | (312) | (93) | |||||||||
Profit on sale of property, plant and equipment | (24) | (11) | |||||||||
Taxation effect on profit on sale of property, plant and equipment | 4 | 2 | |||||||||
Loss on scrapping of property, plant and equipment | 7 | 161 | |||||||||
Taxation effect on loss on scrapping of property, plant and equipment | (1) | (8) | |||||||||
Headline earnings | 3 055 | 5 959 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
US$ gold price per ounce | |||||||||||
– Year 1 | 1 861 | 1 805 | |||||||||
– Year 2 | 1 744 | 1 673 | |||||||||
– Year 3 | 1 664 | 1 582 | |||||||||
– Long term (year 4 onwards) | 1 546 | 1 500 | |||||||||
US$ silver price per ounce | |||||||||||
– Year 1 | 23.85 | 25.72 | |||||||||
– Year 2 | 22.42 | 23.22 | |||||||||
– Year 3 | 21.46 | 21.70 | |||||||||
– Long term (year 4 onwards) | 19.38 | 20.70 | |||||||||
US$ copper price per pound | 3.30 | 3.00 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Exchange rate (R/US$) | |||||||||||
– Year 1 | 15.55 | 14.54 | |||||||||
– Year 2 | 15.34 | 14.36 | |||||||||
– Year 3 | 15.26 | 14.44 | |||||||||
– Long term (Year 4 onwards) | 15.35 | 14.51 | |||||||||
Exchange rate (PGK/US$) | 3.50 | 3.50 | |||||||||
Rand gold price (R/kg) | |||||||||||
– Year 1 | 931 000 | 843 000 | |||||||||
– Year 2 | 860 000 | 772 000 | |||||||||
– Year 3 | 816 000 | 735 000 | |||||||||
– Long term (Year 4 onwards) | 763 000 | 700 000 | |||||||||
Additional resources multiples (US$/oz) (underground operations)1 | |||||||||||
Measured | 16.50 | 16.50 | |||||||||
Indicated | 9.00 | 9.00 | |||||||||
Inferred | 3.60 | 3.60 | |||||||||
Additional resources multiples US$/oz (surface sources)2 | |||||||||||
Measured | 30.00 | 30.00 | |||||||||
Indicated | 17.50 | 17.50 | |||||||||
Inferred | 8.00 | 8.00 |
Year ended | ||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||
Tshepong Operations (a) | 3 622 | 759 | ||||||
Moab Khotsong (b) | 522 | — | ||||||
Kusasalethu (c) | 145 | — | ||||||
Bambanani (d) | 144 | 187 | ||||||
Target 3 | — | 178 | ||||||
Total impairment | 4 433 | 1 124 |
Figures in million | 30 June 2022 (Reviewed) | ||||
-10% decrease | |||||
Tshepong North | 4 074 | ||||
Moab1 | 3 869 | ||||
Tshepong South | 2 339 | ||||
Doornkop | 1 690 | ||||
Mponeng | 1 443 | ||||
Target 1 | 1 121 | ||||
Joel | 762 | ||||
Kusasalethu | 689 | ||||
Mine Waste Solutions | 493 | ||||
Kalgold | 304 | ||||
Other assets | 208 | ||||
Hidden Valley | 96 | ||||
Central Plant Reclamation | 32 | ||||
+10% increase | |||||
Tshepong South | 224 |
Figures in million | Rand gold hedging contracts | US$ gold hedging contracts | US$ silver contracts | Foreign exchange contracts | Total | ||||||||||||
At 30 June 2022 (Reviewed) | |||||||||||||||||
Derivative financial assets | 523 | 44 | 77 | 12 | 656 | ||||||||||||
Non-current | 113 | 18 | 6 | — | 137 | ||||||||||||
Current | 410 | 26 | 71 | 12 | 519 | ||||||||||||
Derivative financial liabilities | — | (11) | — | — | (11) | ||||||||||||
Non-current | — | (3) | — | — | (3) | ||||||||||||
Current | — | (8) | — | — | (8) | ||||||||||||
Net derivative financial instruments | 523 | 33 | 77 | 12 | 645 | ||||||||||||
Unrealised gains included in other reserves, net of tax | 441 | 39 | — | — | 480 | ||||||||||||
Movements for the year ended 30 June 2022 | |||||||||||||||||
Realised gains/(losses) included in revenue | 602 | (105) | — | — | 497 | ||||||||||||
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income | (292) | 50 | — | — | (242) | ||||||||||||
Gains/(losses) on derivatives | — | — | 114 | (16) | 98 | ||||||||||||
Day one loss amortisation | (39) | (6) | — | — | (45) | ||||||||||||
Total gains/(losses) on derivatives | (39) | (6) | 114 | (16) | 53 | ||||||||||||
Hedge effectiveness | |||||||||||||||||
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness | (292) | 50 | — | — | (242) | ||||||||||||
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness | 292 | (50) | — | — | 242 |
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 (Audited) | ||||||||||||||||||||
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 | ||||||||||||||
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) |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Opening balance | 1 051 | (3 395) | |||||||||
Remeasurement of gold hedging contracts | (571) | 4 467 | |||||||||
Unrealised gain/(loss) on gold hedging contracts | (242) | 2 992 | |||||||||
Released to revenue on maturity of the gold hedging contracts | (497) | 2 296 | |||||||||
Foreign exchange translation | (2) | (39) | |||||||||
Deferred taxation thereon | 170 | (782) | |||||||||
Attributable to non-controlling interest | — | (21) | |||||||||
Closing balance | 480 | 1 051 |
FY2023 | FY2024 | TOTAL | |||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | |||||||||||||||||||||||
Foreign exchange contracts | |||||||||||||||||||||||||||||
Zero cost collars | |||||||||||||||||||||||||||||
US$m | 42 | 18 | — | — | — | — | — | 60 | |||||||||||||||||||||
Average Floor – R/US$ | 15.90 | 16.18 | — | — | — | — | — | 15.98 | |||||||||||||||||||||
Average Cap – R/US$ | 17.90 | 18.18 | — | — | — | — | — | 17.98 | |||||||||||||||||||||
Forward contracts | |||||||||||||||||||||||||||||
US$m | 6 | — | — | — | — | — | — | 6 | |||||||||||||||||||||
Average Forward rate – R/US$ | 16.84 | — | — | — | — | — | — | 16.84 | |||||||||||||||||||||
R/gold | |||||||||||||||||||||||||||||
000 oz – cash flow hedge | 72 | 72 | 72 | 70 | 44 | 32 | 16 | 378 | |||||||||||||||||||||
Average R'000/kg | 1 033 | 999 | 1 019 | 1 039 | 1 061 | 1 082 | 1 107 | 1 035 | |||||||||||||||||||||
US$/gold | |||||||||||||||||||||||||||||
000 oz – cash flow hedge | 9 | 9 | 9 | 9 | 9 | 8 | 4 | 57 | |||||||||||||||||||||
Average US$/oz | 1 911 | 1 867 | 1 826 | 1 836 | 1 860 | 1 926 | 2 009 | 1 880 | |||||||||||||||||||||
Total gold | |||||||||||||||||||||||||||||
000 oz | 81 | 81 | 81 | 79 | 53 | 40 | 20 | 435 | |||||||||||||||||||||
US$/silver | |||||||||||||||||||||||||||||
000 oz | 285 | 270 | 210 | 105 | 30 | 30 | 20 | 950 | |||||||||||||||||||||
Average Floor – US$/oz | 24.39 | 25.97 | 25.62 | 25.49 | 25.14 | 25.41 | 25.68 | 25.31 | |||||||||||||||||||||
Average Cap – US$/oz | 27.02 | 29.00 | 28.81 | 28.58 | 28.14 | 28.41 | 28.68 | 28.27 |
Figures in million | US$ term loan US dollar | US$ RCF US dollar | Green loan SA rand | Rand RCF SA rand | Westpac fleet loan US dollar | ||||||||||||
Borrowings summary at 30 June 2022 | |||||||||||||||||
Original facility | 100 | 300 | 1 500 | 2 500 | N/A | ||||||||||||
Drawn down/ loan balance | 100 | 100 | — | — | 2 | ||||||||||||
Undrawn committed borrowing facilities | N/A | 200 | 1 5001 | 2 500 | N/A | ||||||||||||
Maturity | May | May | November | May | July | ||||||||||||
20252 | 20252 | 2028 | 20252 | 2022 | |||||||||||||
Repayment terms | On maturity | On maturity | Bi-annual3 | On maturity | Quarterly | ||||||||||||
Interest rate | SOFR4 + 2.85% | SOFR4 + 2.70% | JIBAR + 2.65% | JIBAR + 2.40% | LIBOR + 3.20% |
KPI | Unit of Measurement | Scope | Sustainability performance targets | ||||||||||||||
FY23 | FY24 | FY25 | |||||||||||||||
Greenhouse gas emissions | ‘000 tonnes of Scope 1 and Scope 2 CO2e emissions | All operations | 4 485 | 4 279 | 4 074 | ||||||||||||
Renewable energy | Renewable energy consumption as % of total electricity consumed | SA operations | 2 | % | 8 | % | 20 | % | |||||||||
Water consumption | Potable water consumed (Mℓ) | SA operations | 20 453 | 19 833 | 19 436 |
Cumulative benefit/penalty for each financial year (basis points) | FY23 | FY24 | FY25 | ||||||||
KPI | |||||||||||
Greenhouse gas emissions | 1 | 2 | 3 | ||||||||
Renewable energy | 1 | 2 | 3 | ||||||||
Water consumption | 1 | 2 | 3 |
At | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Non-current borrowings | |||||||||||
R2 billion facility | — | 153 | |||||||||
US$400 million facility | — | 2 799 | |||||||||
US$400 million facility - sustainability linked | 3 180 | — | |||||||||
Westpac fleet loan | — | 22 | |||||||||
Total non-current borrowings | 3180 | 2 974 | |||||||||
Current borrowings | |||||||||||
R2 billion facility | — | 300 | |||||||||
Westpac fleet loan | 25 | 87 | |||||||||
Total current borrowings | 25 | 387 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed | 30 June 2021 (Audited) | |||||||||
Translation gain/(loss) on US$ facilities1 | (409) | 895 | |||||||||
Rand/US$ exchange rate: | |||||||||||
Closing/spot | 16.27 | 14.27 | |||||||||
Average | 15.21 | 15.40 |
At | ||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||
Opening balance | 1 091 | — | ||||||
Initial recognition as at 1 October 2020 | — | 1 417 | ||||||
Finance costs related to significant financing component | 67 | 71 | ||||||
Non-cash consideration for delivery of gold ounces | (471) | (397) | ||||||
Closing balance | 687 | 1 091 | ||||||
– Current* | 309 | 396 | ||||||
– Non-current | 378 | 695 |
At | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Cash and cash equivalents | 2 448 | 2 819 | |||||||||
Borrowings | (3 205) | (3 361) | |||||||||
Net debt | (757) | (542) |
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 2022 (Reviewed) | 30 June 2021 (Audited) | ||||||||
Fair value through other comprehensive income financial instruments | |||||||||||
Other non-current assets (a) | Level 3 | 75 | 74 | ||||||||
Restricted cash and investments (b) | Level 1 | 292 | 252 | ||||||||
Fair value through profit or loss financial instruments | |||||||||||
Restricted cash and investments (b) | Level 2 | 1 162 | 1 391 | ||||||||
Derivative financial assets (c) | Level 2 | 656 | 1 799 | ||||||||
Derivative financial liabilities (c) | Level 2 | (11) | (212) | ||||||||
Loan to ARM BBEE Trust (d) | Level 3 | 148 | 177 | ||||||||
Contingent consideration liability (e) | Level 3 | (356) | (417) |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Capital expenditure – operations | 5 096 | 4 062 | |||||||||
Capital and capitalised exploration and evaluation expenditure for Wafi-Golpu | 22 | 34 | |||||||||
Additions resulting from stripping activities | 1 096 | 1 046 | |||||||||
Total additions to property, plant and equipment | 6 214 | 5 142 |
At | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Capital expenditure commitments: | |||||||||||
Contracts for capital expenditure1 | 1 944 | 373 | |||||||||
Authorised by the directors but not contracted for | 6 300 | 7 425 | |||||||||
Total capital commitments | 8 244 | 7 798 |
At | |||||||||||
Name of director/prescribed officer | 30 June 2022 (Reviewed) | 30 June 2021 (Reviewed)* | |||||||||
PW Steenkamp (Executive director)1 | 772 589 | 746 085 | |||||||||
BP Lekubo (Executive director)1 | 15 988 | 3 581 | |||||||||
HE Mashego (Executive director)1 | 14 875 | 3 319 | |||||||||
BB Nel (Prescribed officer)1,4 | 110 207 | 198 622 | |||||||||
VP Tobias (Prescribed officer)1,2,4 | n/a | 321 084 | |||||||||
MP van der Walt (Prescribed officer)1,4 | 100 000 | 159 438 | |||||||||
JJ van Heerden (Prescribed officer)1,4 | 30 734 | 6 156 | |||||||||
M Naidoo-Vermaak (Prescribed officer)1,3 | 7 966 | n/a | |||||||||
AJ Wilkens (Non-executive director) | 101 301 | 101 301 |
Year ended | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Reconciliation of production profit to gross profit | |||||||||||
Revenue | 42 645 | 41 733 | |||||||||
– Per segment report | 41 742 | 40 698 | |||||||||
– Other metal sales treated as by-product credits in the segment report | 903 | 1 035 | |||||||||
Production costs | (33 099) | (29 774) | |||||||||
– Per segment report | (32 196) | (28 739) | |||||||||
– Other metal sales treated as by-product credits in the segment report | (903) | (1 035) | |||||||||
Production profit per segment report | 9 546 | 11 959 | |||||||||
Amortisation and depreciation | (3 683) | (3 875) | |||||||||
Impairment of assets | (4 433) | (1 124) | |||||||||
Other cost of sales items | (712) | (716) | |||||||||
Gross profit as per income statement1 | 718 | 6 244 |
At | |||||||||||
Figures in million | 30 June 2022 (Reviewed) | 30 June 2021 (Audited) | |||||||||
Reconciliation of total segment assets to consolidated property, plant and equipment | |||||||||||
Property, plant and equipment not allocated to a segment | |||||||||||
Mining assets | 943 | 757 | |||||||||
Undeveloped property | 4 004 | 3 989 | |||||||||
Other non-mining assets | 510 | 411 | |||||||||
Assets under construction* | 1 823 | 1 584 | |||||||||
7 280 | 6 741 |
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 | ||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||
R million | R million | R million | R million | R million | kg | t'000 | ||||||||||||||||||||||||||||||||||||||
South Africa Underground | ||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations | 6 351 | 6 214 | 5 084 | 4 865 | 1 267 | 1 349 | 3 779 | 6 541 | 1 514 | 1 112 | 7 022 | 7 419 | 1 561 | 1 558 | ||||||||||||||||||||||||||||||
Moab Khotsong | 5 779 | 6 048 | 4 038 | 3 842 | 1 741 | 2 206 | 4 324 | 4 008 | 894 | 633 | 6 508 | 7 166 | 959 | 903 | ||||||||||||||||||||||||||||||
Mponeng | 5 620 | 4 750 | 4 487 | 2 938 | 1 133 | 1 812 | 4 433 | 4 321 | 605 | 493 | 6 086 | 5 446 | 840 | 683 | ||||||||||||||||||||||||||||||
Bambanani1 | 1 286 | 1 687 | 1 163 | 1 156 | 123 | 531 | — | 327 | 25 | 71 | 1 433 | 1 992 | 176 | 227 | ||||||||||||||||||||||||||||||
Joel | 1 411 | 1 199 | 1 308 | 1 124 | 103 | 75 | 1 244 | 1 166 | 225 | 172 | 1 556 | 1 424 | 434 | 359 | ||||||||||||||||||||||||||||||
Doornkop | 3 106 | 3 077 | 2 453 | 2 140 | 653 | 937 | 3 222 | 2 994 | 491 | 425 | 3 444 | 3 670 | 874 | 851 | ||||||||||||||||||||||||||||||
Target 1 | 1 648 | 1 410 | 1 812 | 1 667 | (164) | (257) | 1 517 | 1 367 | 384 | 368 | 1 800 | 1 603 | 455 | 488 | ||||||||||||||||||||||||||||||
Kusasalethu | 4 139 | 3 400 | 3 086 | 2 955 | 1 053 | 445 | 822 | 1 057 | 210 | 205 | 4 567 | 3 999 | 607 | 708 | ||||||||||||||||||||||||||||||
Masimong | 1 733 | 1 636 | 1 504 | 1 427 | 229 | 209 | 17 | 26 | 49 | 29 | 1 910 | 2 012 | 486 | 510 | ||||||||||||||||||||||||||||||
Unisel2 | — | 224 | — | 182 | — | 42 | — | — | — | — | — | 247 | — | 57 | ||||||||||||||||||||||||||||||
Total Underground | 31 073 | 29 645 | 24 935 | 22 296 | 6 138 | 7 349 | 19 358 | 21 807 | 4 397 | 3 508 | 34 326 | 34 978 | 6 392 | 6 344 | ||||||||||||||||||||||||||||||
Surface | ||||||||||||||||||||||||||||||||||||||||||||
Mine Waste Solutions3 | 2 642 | 1 889 | 1 588 | 1 137 | 1 054 | 751 | 1 027 | 1 031 | 264 | 70 | 2 899 | 2 057 | 23 443 | 17 665 | ||||||||||||||||||||||||||||||
All other surface operations3 | 4 868 | 5 136 | 3 551 | 3 587 | 1 317 | 1 550 | 1 066 | 890 | 282 | 265 | 5 304 | 6 031 | 20 737 | 21 824 | ||||||||||||||||||||||||||||||
Total Surface | 7 510 | 7 025 | 5 139 | 4 724 | 2 371 | 2 301 | 2 093 | 1 921 | 546 | 335 | 8 203 | 8 088 | 44 180 | 39 489 | ||||||||||||||||||||||||||||||
Total South Africa | 38 583 | 36 670 | 30 074 | 27 020 | 8 509 | 9 650 | 21 451 | 23 728 | 4 943 | 3 843 | 42 529 | 43 066 | 50 572 | 45 833 | ||||||||||||||||||||||||||||||
International | ||||||||||||||||||||||||||||||||||||||||||||
Hidden Valley | 3 159 | 4 028 | 2 122 | 1 719 | 1 037 | 2 309 | 4 141 | 3 128 | 1 249 | 1 260 | 3 707 | 4 689 | 3 229 | 3 420 | ||||||||||||||||||||||||||||||
Total international | 3 159 | 4 028 | 2 122 | 1 719 | 1 037 | 2 309 | 4 141 | 3 128 | 1 249 | 1 260 | 3 707 | 4 689 | 3 229 | 3 420 | ||||||||||||||||||||||||||||||
Total operations | 41 742 | 40 698 | 32 196 | 28 739 | 9 546 | 11 959 | 25 592 | 26 856 | 6 192 | 5 103 | 46 236 | 47 755 | 53 801 | 49 253 | ||||||||||||||||||||||||||||||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 18) | 903 | 1 035 | 903 | 1 035 | — | — | 7 280 | 6 741 | ||||||||||||||||||||||||||||||||||||
42 645 | 41 733 | 33 099 | 29 774 | 9 546 | 11 959 | 32 872 | 33 597 | 6 192 | 5 103 | 46 236 | 47 755 | 53 801 | 49 253 |
Year ended | |||||||||||
Figures in million | 30 June 2022 | 30 June 2021 | |||||||||
Revenue | 2 804 | 2 710 | |||||||||
Cost of sales | (2 738) | (2 310) | |||||||||
Production costs | (2 176) | (1 933) | |||||||||
Amortisation and depreciation | (242) | (252) | |||||||||
Impairment of assets | (273) | (79) | |||||||||
Other items | (47) | (46) | |||||||||
Gross profit | 66 | 400 | |||||||||
Corporate, administration and other expenditure | (65) | (69) | |||||||||
Exploration expenditure | (14) | (11) | |||||||||
Gains/(losses) on derivatives | 3 | 66 | |||||||||
Foreign exchange translation gain/(loss) | (21) | 44 | |||||||||
Other operating expenses | — | (16) | |||||||||
Operating profit/(loss) | (31) | 414 | |||||||||
Gain on bargain purchase | — | 18 | |||||||||
Acquisition-related costs | — | (8) | |||||||||
Share of profits from associates | 4 | 5 | |||||||||
Investment income | 23 | 21 | |||||||||
Finance costs | (47) | (43) | |||||||||
Profit/(loss) before taxation | (51) | 407 | |||||||||
Taxation | 3 | (81) | |||||||||
Current taxation | (20) | (35) | |||||||||
Deferred taxation | 23 | (46) | |||||||||
Net profit/(loss) for the year | (48) | 326 | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 3 | 2 | |||||||||
Owners of the parent | (51) | 324 | |||||||||
Earnings/(loss) per ordinary share (cents) | |||||||||||
Basic earnings/(loss) | (8) | 54 | |||||||||
Diluted earnings/(loss) | (8) | 52 |
Note on convenience translations The requirements of IAS 21 The Effects of Changes in Foreign Exchange Rates have not necessarily been applied in the translation of the US Dollar financial statements presented on page 39 to 43. |
Year ended | |||||||||||
Figures in million | 30 June 2022 | 30 June 2021 | |||||||||
Net profit/(loss) for the year | (48) | 326 | |||||||||
Other comprehensive income for the year, net of income tax | 12 | 211 | |||||||||
Items that may be reclassified subsequently to profit or loss: | 11 | 210 | |||||||||
Foreign exchange translation gain/(loss) | 49 | (80) | |||||||||
Remeasurement of gold hedging contracts | (38) | 290 | |||||||||
Items that will not be reclassified to profit or loss | 1 | 1 | |||||||||
Total comprehensive income for the year | (36) | 537 | |||||||||
Attributable to: | |||||||||||
Non-controlling interest | 2 | 3 | |||||||||
Owners of the parent | (38) | 534 |
Figures in million | Share capital | Accumulated loss | Other reserves | Non-controlling interest | Total | |||||||||||||||
Balance – 1 July 2021 | 2 024 | (505) | 394 | 4 | 1 917 | |||||||||||||||
Share-based payments | — | — | 9 | — | 9 | |||||||||||||||
Net profit/(loss) for the year | — | (62) | — | 2 | (60) | |||||||||||||||
Other comprehensive income for the year | — | — | 12 | — | 12 | |||||||||||||||
Dividends paid | — | (25) | — | (1) | (26) | |||||||||||||||
Balance – 30 June 2022 | 2 024 | (592) | 415 | 5 | 1 852 | |||||||||||||||
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 |
At | |||||||||||
Figures in million | 30 June 2022 | 30 June 2021 | |||||||||
ASSETS | |||||||||||
Non-current assets | |||||||||||
Property, plant and equipment | 2 020 | 2 354 | |||||||||
Intangible assets | 3 | 26 | |||||||||
Restricted cash and investments | 341 | 367 | |||||||||
Investments in associates | 8 | 9 | |||||||||
Deferred tax assets | 12 | 19 | |||||||||
Other non-current assets | 23 | 23 | |||||||||
Derivative financial assets | 8 | 23 | |||||||||
Total non-current assets | 2 415 | 2 821 | |||||||||
Current assets | |||||||||||
Inventories | 173 | 178 | |||||||||
Restricted cash and investments | 2 | 5 | |||||||||
Trade and other receivables | 103 | 116 | |||||||||
Derivative financial assets | 32 | 103 | |||||||||
Cash and cash equivalents | 150 | 198 | |||||||||
Total current assets | 460 | 600 | |||||||||
Total assets | 2 875 | 3 421 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and reserves | |||||||||||
Attributable to equity holders of the parent company | 1 847 | 2 183 | |||||||||
Share capital | 2 024 | 2 308 | |||||||||
Other reserves | 415 | 448 | |||||||||
Accumulated loss | (592) | (573) | |||||||||
Non-controlling interest | 5 | 4 | |||||||||
Total equity | 1 852 | 2 187 | |||||||||
Non-current liabilities | |||||||||||
Deferred tax liabilities | 97 | 153 | |||||||||
Provision for environmental rehabilitation | 308 | 327 | |||||||||
Other provisions | 57 | 65 | |||||||||
Borrowings | 195 | 208 | |||||||||
Contingent consideration liability | 22 | 29 | |||||||||
Other non-current liabilities | 16 | 12 | |||||||||
Streaming contract liability | 23 | 49 | |||||||||
Total non-current liabilities | 718 | 843 | |||||||||
Current liabilities | |||||||||||
Other provisions | 8 | 12 | |||||||||
Borrowings | 2 | 27 | |||||||||
Trade and other payables | 276 | 310 | |||||||||
Derivative financial liabilities | — | 14 | |||||||||
Streaming contract liability | 19 | 28 | |||||||||
Total current liabilities | 305 | 391 | |||||||||
Total equity and liabilities | 2 875 | 3 421 |
Year ended | |||||||||||
Figures in million | 30 June 2022 | 30 June 2021 | |||||||||
CASH FLOW FROM OPERATING ACTIVITIES | |||||||||||
Cash generated by operations | 485 | 633 | |||||||||
Dividends received | 5 | 6 | |||||||||
Interest received | 6 | 11 | |||||||||
Interest paid | (21) | (15) | |||||||||
Income and mining taxes paid | (19) | (38) | |||||||||
Cash generated from operating activities | 456 | 597 | |||||||||
CASH FLOW FROM INVESTING ACTIVITIES | |||||||||||
Increase in restricted cash and investments | (8) | (3) | |||||||||
Amounts refunded from restricted cash and investments | 3 | 2 | |||||||||
Redemption of preference shares from associates | — | 2 | |||||||||
Acquisition of Mponeng operations and related assets | — | (200) | |||||||||
ARM BBEE Trust loan repayment | 4 | 17 | |||||||||
ARM BBEE Trust loan advanced | — | (17) | |||||||||
Capital distribution from investments | — | 1 | |||||||||
Proceeds from disposal of property, plant and equipment | 2 | 1 | |||||||||
Additions to property, plant and equipment | (409) | (334) | |||||||||
Cash utilised by investing activities | (408) | (531) | |||||||||
CASH FLOW FROM FINANCING ACTIVITIES | |||||||||||
Borrowings raised | 201 | — | |||||||||
Borrowings repaid | (237) | (227) | |||||||||
Dividends paid | (28) | (44) | |||||||||
Lease payments | (12) | (8) | |||||||||
Cash utilised by financing activities | (76) | (279) | |||||||||
Foreign currency translation adjustments | (20) | 44 | |||||||||
Net decrease in cash and cash equivalents | (48) | (169) | |||||||||
Cash and cash equivalents – beginning of year | 198 | 367 | |||||||||
Cash and cash equivalents – end of year | 150 | 198 |
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 | ||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||
US$ million | US$ million | US$ million | US$ million | US$ million | oz | t'000 | ||||||||||||||||||||||||||||||||||||||
South Africa Underground | ||||||||||||||||||||||||||||||||||||||||||||
Tshepong Operations | 418 | 403 | 334 | 316 | #SHEET! | 87 | 232 | 458 | 100 | 72 | 225 763 | 238 526 | 1 721 | 1 718 | ||||||||||||||||||||||||||||||
Moab Khotsong | 380 | 393 | 265 | 250 | #SHEET! | 143 | 266 | 281 | 59 | 41 | 209 237 | 230 391 | 1 059 | 995 | ||||||||||||||||||||||||||||||
Mponeng | 369 | 308 | 295 | 191 | 74 | 117 | 272 | 303 | 40 | 32 | 195 669 | 175 092 | 926 | 753 | ||||||||||||||||||||||||||||||
Bambanani1 | 85 | 110 | 76 | 75 | #SHEET! | 35 | — | 23 | 2 | 5 | 46 072 | 64 044 | 194 | 250 | ||||||||||||||||||||||||||||||
Joel | 93 | 78 | 86 | 73 | 7 | 5 | 76 | 82 | 15 | 11 | 50 026 | 45 783 | 478 | 396 | ||||||||||||||||||||||||||||||
Doornkop | 204 | 200 | 161 | 139 | 43 | 61 | 198 | 210 | 32 | 28 | 110 726 | 117 993 | 963 | 938 | ||||||||||||||||||||||||||||||
Target 1 | 108 | 92 | 119 | 108 | (11) | (16) | 93 | 96 | 25 | 24 | 57 872 | 51 536 | 501 | 537 | ||||||||||||||||||||||||||||||
Kusasalethu | 272 | 221 | 203 | 192 | 69 | 29 | 51 | 74 | 14 | 13 | 146 833 | 128 570 | 669 | 780 | ||||||||||||||||||||||||||||||
Masimong | 114 | 106 | 99 | 93 | 15 | 13 | 1 | 2 | 3 | 2 | 61 407 | 64 687 | 536 | 563 | ||||||||||||||||||||||||||||||
Unisel2 | — | 15 | — | 12 | — | 3 | — | — | — | — | — | 7 941 | — | 63 | ||||||||||||||||||||||||||||||
Total Underground | 2 043 | 1 926 | 1 638 | 1 449 | #SHEET! | 477 | 1 189 | 1 529 | 290 | 228 | 1 103 605 | 1 124 563 | 7 047 | 6 993 | ||||||||||||||||||||||||||||||
Surface | ||||||||||||||||||||||||||||||||||||||||||||
Mine Waste Solutions3 | 174 | 123 | 104 | 74 | #SHEET! | 49 | 63 | 72 | 17 | 5 | 93 205 | 66 133 | 25 851 | 19 479 | ||||||||||||||||||||||||||||||
All other surface operations | 320 | 332 | #SHEET! | 232 | #SHEET! | 100 | 66 | 63 | 19 | 17 | 170 525 | 193 901 | 22 866 | 24 068 | ||||||||||||||||||||||||||||||
Total Surface | 494 | 455 | #SHEET! | 306 | #SHEET! | 149 | 129 | 135 | 36 | 22 | 263 730 | 260 034 | 48 717 | 43 547 | ||||||||||||||||||||||||||||||
Total South Africa | 2 537 | 2 381 | 1 977 | 1 755 | #SHEET! | 626 | 1 318 | 1 664 | #SHEET! | 250 | 1 367 335 | 1 384 597 | 55 764 | 50 540 | ||||||||||||||||||||||||||||||
International | ||||||||||||||||||||||||||||||||||||||||||||
Hidden Valley | 208 | 262 | 140 | 112 | 68 | 150 | 254 | 219 | 82 | 82 | 119 182 | 150 755 | 3 561 | 3 772 | ||||||||||||||||||||||||||||||
Total international | 208 | 262 | 140 | 112 | 68 | 150 | 254 | 219 | 82 | 82 | 119 182 | 150 755 | 3 561 | 3 772 | ||||||||||||||||||||||||||||||
Total operations | #SHEET! | 2 643 | 2 117 | 1 867 | 628 | 776 | 1 572 | 1 883 | #SHEET! | 332 | 1 486 517 | 1 535 352 | 59 325 | 54 312 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
metres | metres | (cms) | (g/t) | (cmg/t) | |||||||||||||
Tshepong | |||||||||||||||||
Basal | 1 082 | 1 064 | 13.37 | 62.40 | 834 | ||||||||||||
B Reef | 484 | 442 | 131.26 | 11.71 | 1 537 | ||||||||||||
All reefs | 1 567 | 1 506 | 47.97 | 21.69 | 1 040 | ||||||||||||
Phakisa | |||||||||||||||||
Basal | 996 | 992 | 37.21 | 40.38 | 1 503 | ||||||||||||
All reefs | 996 | 992 | 37.21 | 40.38 | 1 503 | ||||||||||||
Bambanani | |||||||||||||||||
Basal | — | — | — | — | — | ||||||||||||
All reefs | — | — | — | — | — | ||||||||||||
Doornkop | |||||||||||||||||
South Reef | 1 449 | 1 335 | 82.20 | 11.63 | 956 | ||||||||||||
All reefs | 1 449 | 1 335 | 82.20 | 11.63 | 956 | ||||||||||||
Kusasalethu | |||||||||||||||||
VCR Reef | 1 025 | 1 002 | 70.26 | 21.41 | 1 504 | ||||||||||||
All reefs | 1 025 | 1 002 | 70.26 | 21.41 | 1 504 | ||||||||||||
Target 1 | |||||||||||||||||
Elsburg/Dryerskuil | 55 | 52 | 272.00 | 6.98 | 1 899 | ||||||||||||
All reefs | 55 | 52 | 272.00 | 6.98 | 1 899 | ||||||||||||
Masimong 5 | |||||||||||||||||
Basal | 723 | 554 | 107.62 | 12.14 | 1 307 | ||||||||||||
B Reef* | 834 | 1 090 | 99.13 | 20.92 | 2 074 | ||||||||||||
All reefs | 1 557 | 1 644 | 101.99 | 17.80 | 1 815 | ||||||||||||
Joel | |||||||||||||||||
Beatrix | 1 104 | 1 077 | 158.76 | 8.62 | 1 369 | ||||||||||||
All reefs | 1 104 | 1 077 | 158.76 | 8.62 | 1 369 | ||||||||||||
Moab Khotsong | |||||||||||||||||
Vaal Reef | 1 409 | 1 102 | 109.45 | 27.93 | 3 057 | ||||||||||||
C Reef | 15 | ||||||||||||||||
All reefs | 1 424 | 1 102 | 109.45 | 27.93 | 3 057 | ||||||||||||
Mponeng | |||||||||||||||||
VCR | 1 155 | 1 108 | 79.28 | 42.29 | 3 353 | ||||||||||||
Carbon Leader | 94 | 100 | 18.38 | 82.82 | 1 522 | ||||||||||||
All reefs | 1 249 | 1 208 | 74.24 | 43.12 | 3 202 | ||||||||||||
Total Harmony | |||||||||||||||||
Basal | 2 801 | 2 610 | 42.44 | 28.01 | 1 189 | ||||||||||||
Beatrix | 1 104 | 1 077 | 158.76 | 8.62 | 1 369 | ||||||||||||
B Reef | 1 318 | 1 532 | 230.39 | 32.63 | 3 611 | ||||||||||||
Elsburg/Dryerskuil | 55 | 52 | 272.00 | 6.98 | 1 899 | ||||||||||||
Vaal Reef | 1 409 | 1 102 | 109.45 | 27.93 | 3 057 | ||||||||||||
South Reef | 1 449 | 1 335 | 82.20 | 11.63 | 956 | ||||||||||||
VCR | 2 179 | 2 110 | 149.54 | 63.71 | 4 858 | ||||||||||||
Carbon Leader | 94 | 100 | 18.38 | 82.82 | 1 522 | ||||||||||||
All reefs | 10 424 | 9 918 | 85.94 | 20.69 | 1 778 |
CHANNEL | |||||||||||||||||
Reef | Sampled | Width | Value | Gold | |||||||||||||
feet | feet | (inch) | (oz/t) | (in.oz/t) | |||||||||||||
Tshepong | |||||||||||||||||
Basal | 3 550 | 3 491 | 5.00 | 1.92 | 10 | ||||||||||||
B Reef | 1 589 | 1 450 | 52.00 | 0.34 | 18 | ||||||||||||
All reefs | 5 139 | 4 941 | 19.00 | 0.63 | 12 | ||||||||||||
Phakisa | |||||||||||||||||
Basal | 3 267 | 3 255 | 15.00 | 1.15 | 17 | ||||||||||||
All reefs | 3 267 | 3 255 | 15.00 | 1.15 | 17 | ||||||||||||
Bambanani | |||||||||||||||||
Basal | — | — | — | — | — | ||||||||||||
All reefs | — | — | — | — | — | ||||||||||||
Doornkop | |||||||||||||||||
South Reef | 4 752 | 4 380 | 32.00 | 0.34 | 11 | ||||||||||||
All reefs | 4 752 | 4 380 | 32.00 | 0.34 | 11 | ||||||||||||
Kusasalethu | |||||||||||||||||
VCR Reef | 3 362 | 3 287 | 28.00 | 0.62 | 17 | ||||||||||||
All reefs | 3 362 | 3 287 | 28.00 | 0.62 | 17 | ||||||||||||
Target 1 | |||||||||||||||||
Elsburg/Dryerskuil | 181 | 171 | 107.00 | 0.20 | 22 | ||||||||||||
All reefs | 181 | 171 | 107.00 | 0.20 | 22 | ||||||||||||
Masimong 5 | |||||||||||||||||
Basal | 2 373 | 1 818 | 42.00 | 0.36 | 15 | ||||||||||||
B Reef* | 2 736 | 3 576 | 39.00 | 0.61 | 24 | ||||||||||||
All reefs | 5 109 | 5 394 | 40.00 | 0.52 | 21 | ||||||||||||
Joel | |||||||||||||||||
Beatrix | 3 620 | 3 533 | 63.00 | 0.25 | 16 | ||||||||||||
All reefs | 3 620 | 3 533 | 63.00 | 0.25 | 16 | ||||||||||||
Moab Khotsong | |||||||||||||||||
Vaal Reef | 4 624 | 3 615 | 43.00 | 0.82 | 35 | ||||||||||||
C Reef | 49 | ||||||||||||||||
All reefs | 4 672 | 3 615 | 43.00 | 0.82 | 35 | ||||||||||||
Mponeng | |||||||||||||||||
VCR | 3 788 | 3 635 | 31.00 | 1.24 | 39 | ||||||||||||
Carbon Leader | 308 | 328 | 7.00 | 2.50 | 17 | ||||||||||||
All reefs | 4 096 | 3 963 | 29.00 | 1.27 | 37 | ||||||||||||
Total Harmony | |||||||||||||||||
Basal | 9 190 | 8 563 | 17.00 | 0.80 | 14 | ||||||||||||
Beatrix | 3 620 | 3 533 | 63.00 | 0.25 | 16 | ||||||||||||
B Reef | 4 325 | 5 026 | 91.00 | 0.46 | 41 | ||||||||||||
Elsburg/Dryerskuil | 181 | 171 | 107.00 | 0.20 | 22 | ||||||||||||
Vaal Reef | 4 624 | 3 615 | 43.00 | 0.82 | 35 | ||||||||||||
South Reef | 4 752 | 4 380 | 32.00 | 0.34 | 11 | ||||||||||||
VCR | 7 150 | 6 923 | 59.00 | 0.95 | 56 | ||||||||||||
Carbon Leader | 308 | 328 | 7.00 | 2.50 | 17 | ||||||||||||
All reefs | 34 200 | 32 539 | 34.00 | 0.60 | 20 |
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 | ||
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 | ||
CORPORATE OFFICE | ||
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 | ||
DIRECTORS | ||
Dr PT Motsepe* (chairman), KT Nondumo*^ (deputy chairman), M Msimang*^ (lead independent director), PW Steenkamp (chief executive officer), BP Lekubo (financial director), HE Mashego (executive director) JA Chissano*^#, B Nqwababa*^, VP Pillay*^, M Prinsloo*^, GR Sibiya*^, PL Turner*^, JL Wetton*^, AJ Wilkens* * Non-executive ^ Independent # Mozambican | ||
INVESTOR RELATIONS | ||
E-mail: HarmonyIR@harmony.co.za Telephone: +27 11 411 6073 or +27 82 746 4120 | ||
COMPANY SECRETARIAT | ||
E-mail: companysecretariat@harmony.co.za Telephone: +27 11 411 2359 | ||
TRANSFER SECRETARIES | ||
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 | ||
AMERICAN DEPOSITARY RECEIPTS DEPOSITARY | ||
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 | ||
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 | ||
TRADING SYMBOLS | ||
ISIN: ZAE 000015228 |
Harmony Gold Mining Company Limited | |||||||||||||||||
Date: August 30, 2022 | By: /s/ Boipelo Lekubo | ||||||||||||||||
Name: Boipelo Lekubo | |||||||||||||||||
Title: Financial Director |
1 Year Harmony Gold Mining Chart |
1 Month Harmony Gold Mining Chart |
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