Harmony Fact Sheet February March 2014

Harmony Gold Mining Company Limited (Harmony)
Harmony has been in operation in

South Africa for the past 63years.
We have positioned the Company
toremain sustainable for many
yearsto come.
We manage costs and production
toensure profitablility at all
gold prices. We mine profitably.
That is what our approach to
managementisall about.
CEO, Graham Briggs
Ticker codes:
JSE (HAR)
NYSE (HMY)
February/March 2014
www.harmon y. c o.z a
Who we are
Operating in South Africa and Papua New Guinea (PNG)
Building world class mines in South Africa and PNG

Produced 1.14Moz* of gold in FY13
11 underground mines, one open pit operation and several surface sources in SA
50% joint venture in PNG with Newcrest Mining Ltd
Hidden Valley open pit mine
Wafi-Golpu
Exploration
100% PNG exploration areas
Reserves of 51.5Moz* and resources of 147.7Moz*

Empowered

compliant with 2014 Mining Charter requirements
Employs about 36 000 people (including 6 000 contractors)

Market capitalisation as at end December 2013: US$1.08bn
435 693 819 shares in issue
* Moz = million ounces
Shareholding as at 31 December 2013
Gold production FY13
United
States
36%
South
Africa
93%
UK
14%
PNG
7%
South
Africa
39%
Rest of
Europe
7%
Rest of
the World
4%
Upside in share price

Increasing grade
Market capitalisation/Reserve oz
Lowest R/tonne SA gold producer
200
Greater capital discipline

Free cash flow
No hedging
Balance sheet strength low debt
Geared to SA currency
US$/oz
187
180
160
140
120
100
80
65
60
40
24
20
Earnings growth
Golpu one of the top gold/copper

resources in the world
Global peer group

Source: HSBC Bank plc
2013
estimate
SA peer group
Harmony
Strategy
www.harmony.co.za
Growth in margin.sharing rewards

A globally competitive gold mining company growth in profits,
paying dividends to shareholders
Optimise operational delivery
Safely delivering on projects

and operational plans
Growth
Growth in margin
(free cash flow)
Sharing rewards
Sharing profits with

stakeholders
Experienced teams with strong values;

committed to deliver
FACT SHEET
FEBRUARY / MARCH 2014
www.harmony.co.za
Phakisa,
Target 3
Steady state production

Masimong, Tshepong, Joel,
Target 1, Unisel, Steyn 2, Kalgold
Doornkop, Bambanani
Hidden Valley,
Kusasalethu
Wafi-Golpu
Exploration MMJV & PNG

FACT SHEET
Production gap and build-up
Commissioning
Project construction
Feasibility
Pre-feasibility study
Resource definition
Exploration
Target definition
Increasing project value
Asset portfolio long life, quality ounces
www.harmony.co.za
What is different?
All the original, marginal Harmony assets have been closed
new mine developed at Kusasalethu - productivity improvements
shaft sinking at Phakisa and Doornkop have been completed
decline shafts completed at Tshepong; in progress at Joel and Bambanani
All about growth in margin
reduce costs
improve productivity
increase gold production
Major capital expenditure spent

Strong balance sheet and low debt
Golpu remains one of the worlds best copper-gold porphyry deposits
FACT SHEET
www.harmony.co.za
Harmonys foundations are in place

What we
say
Unprofitable
areas
closed
Growth in
margin
Lowest
R/tonne
underground
gold miner in
SA
Optimise
operational
delivery
AISC: All-in sustaining cost

FACT SHEET
Going
forward
What we have done
Replaced
underperforming
management
teams
Capital and
costs reduced
Restructured
labour force
All mines
operating
below
R400 000/kg
AISC
Ore
reserve
flexibility
Improve
infrastructure
and optimise
high
development
return areas
www.harmony.co.za
Optimise
operational delivery
www.harmony.co.za
Safety our key priority

Total Injury Accident Frequency Rate*
(per million hours worked)
60
Reportable Injury Frequency Rate*

50
10
40
30
20
10
0
FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13
Fatal Injury Frequency Rate*

Lost Time Injury Frequency Rate*

30
0.40
20
0.30
0.20
10
0.10
0
0.00
* Numbers reflect SA only

FACT SHEET
www.harmony.co.za
10
Quality ounces
Moz
60
50
Mineral Reserves Reconciliation - FY12 vs FY13
13.8
1.5
0.8
0.9
Gold equivalents
13.8
Gold equivalents
40
SA surface :
7moz @ 0.28 g/t
30
PNG:
7.9moz @ 0.96 g/t
20
39.1
37.7
Gold
Gold
Underground:
22.8moz @ 5.87 g/t
10
0
June 2012
FACT SHEET
Mined during FY13
Surface Sources
Scope changes
June 2013
www.harmony.co.za
11
Benchmarking our grade

Adjusted
Recovered
Mineral
(-5%) to
Actual grade Actual grade
grade
reserve
compare with (g/t) achieved (g/t) achieved
forecast for
grade (g/t)
recovery
in FY12
in FY13
FY14
June 2013
grade
Mine
Sep 13 qtr
Recovered
grade (g/t)
Dec 13 qtr
Recovered
grade (g/t)
Kusasalethu
5.97
5.67
4.71
3.85
5.15
3.87
3.77
Doornkop
4.99
4.74
3.31
3.60
4.33
3.24
3.66
Phakisa
7.04
6.69
4.88
4.75
4.59
4.84
5.15
Tshepong
5.39
5.12
4.29
3.99
4.27
4.21
4.39
Masimong
4.76
4.52
3.45
4.17
4.32
4.01
4.25
Target 1
5.23
4.97
4.61
5.53
5.13
5.66
6.43
11.08
10.53
6.97
9.87
9.58
12.21
12.79
Joel
5.45
5.18
4.78
5.28
4.61
4.38
4.52
Unisel
4.30
4.09
4.04
4.07
3.90
4.41
4.79
Target 3
5.89
5.60
3.55
5.03
5.01
4.78
4.67
Total underground
5.87
5.58
4.26
4.54
4.79
4.55
4.85
Bambanani / Steyn 2
FACT SHEET
www.harmony.co.za
12
Lowest cost producer (R/tonne) in SA

All-in sustaining costs
R/tonne
3 500
3 000
2 893
2 914
Jun-13
Sep-13
2 500
2 000
1 876
2 052
2 004
Jun-13
Sep-13
1 745
1 500
1 000
500
-
Jun-13
Sep-13
Harmony
Project capital for Anglogold has been included

Source: BNP Paribas Cadiz Securities
FACT SHEET
Sibanye Gold
AngloGold
www.harmony.co.za
13
Upward trend in underground grade

g/t
4.9
4.85
4.79
4.8
4.7
4.6
4.55
4.5
4.37
4.4
4.3
4.2
4.1
4
Jun-13
FACT SHEET
Sep-13
Dec-13
FY14 forecast
www.harmony.co.za
14
Stable production (oz)

330 000
310 000
290 000
270 000
250 000
40 896
36 652
268 877
269261
Sep-13
Dec-13
22 120
1 575
230 000
210 000
190 000
253 989
245 954
170 000
150 000
Mar-13
Jun-13
Kusasalethu
Note: Guidance for FY14: 1.2 1.3moz

FACT SHEET
Harmony excluding Kusasalethu
www.harmony.co.za
15
Growth in margin
www.harmony.co.za
We remain agile
All-in
sustaining
costs
Mines currently operating Comments

at these levels
Less than
US$1000/oz
Joel, Target 1, Steyn 2,

Bambanani, Phoenix,
Operating at below US$1000/oz
Less than
US$1250/oz
Hidden Valley, Kalgold,

Dumps, Unisel
Predicting an all in sustaining cost of

$1100/oz by end FY14
Our total all-in sustaining cost
average is below $1250/oz
FACT SHEET
www.harmony.co.za
17
We remain agile, contd

All-in
sustaining
costs
Mines currently operating

at these levels
Comments
> US$1250/oz Phakisa, Tshepong,

Masimong, Doornkop
Operations with an all-in sustaining cost of

higher than $1250/oz will be restructured:
Phakisa continues to spend capital on
its build-up and should reach the
$1250/oz to $1300/oz mark by financial
year end
Management changes and restructuring
at Tshepong finalised
Doornkop restructured to eliminate the
lowest grade tonnage; Masimong to
follow suit
> US$1600/oz Kusasalethu

Target 3
Management changes and technical

issues addressed at Kusasalethu and
costs will reduce as production builds up
Target 3 to be restructured post quarter
end to eliminate lowest grade tonnage
FACT SHEET
www.harmony.co.za
18
R/US$ exchange rate gearing

US$/oz
1 500
1 400
All-in sustaining costs of R398 000/kg (SA only) at different exchange rates
1 374
1 300
1 222
1 200
1 178
1 125
1 100
1 031
1 000
900
800
700
600
500
R9.00/US$
FACT SHEET
R10.12/US$
(Dec 2013 qtr)
R10.50/US$
R11.00/US$
R12.00/US$
www.harmony.co.za
19
Group operating results (6 monthly)

Six months ended
Dec 2013
Gold produced
Gold price
19 150
16 287
18
oz
615 686
523 638
18
R/kg
422 386
447 913
(6)
1 309
1 518
(14)
316 517
352 619
10
981
1 194
18
4.69
4.43
2 022
1 524
33
201
167
20
401 021
474 390
15
US$/oz
1 242
1 606
23
R/US$
10.04
9.19
R/kg
US$/oz
Underground recovery grade

Operating profit

Exchange rate
%
change
kg
US$/oz
Cash operating costs
Six months
ended Jun 2013
g/t
Rm
US$m
R/kg
Operating profit is comparable to the term production profit in the segment report in the financial statements and not to the operating profit line in the income statement
FACT SHEET
www.harmony.co.za
20
Focusing on free cash flow (FY14)

Operation
Expected
potential ounces
(FY14)
Annual average
(including royalties)
(FY14)
(R/kg)
Annual average
Capital and cash
operating costs* (FY14)
(R/kg)
Annual average
Capital and cash Life of
operating costs* mine Comments
(FY14)
(years)
(US$/oz)
Kusasalethu
200 000- 215 000oz
R265 000- 295 000/kg
R340 000- 380 000/kg
US$1120- 1240/oz
27
Doornkop
135 000- 145 000oz
R245 000- 270 000/kg
R295 000- 330 000/kg
US$980- 1080/oz
17
In build-up
Phakisa
In build-up
90 000- 100 000oz
R350 000- 385 000/kg
R455 000- 505 000/kg
US$1500- 1660/oz
21
In build-up
Tshepong
140 000- 150 000oz
R280 000- 310 000/kg
R335 000- 370 000/kg
US$1110- 1220/oz
19
Steady state
Masimong
120 000- 130 000oz
R255 000- 285 000/kg
R295 000- 325 000/kg
US$970- 1070/oz
13
Steady state
90 000- 100 000oz
R355 000- 395 000/kg
R425 000- 470 000/kg
US$1400- 1550/oz
14
50% interest
125 000- 135 000oz
R225 000- 250 000/kg
R290 000- 320 000/kg
US$960- 1060/oz
11
Steady state
90 000- 100 000oz
R195 000- 215 000/kg
R245 000- 270 000/kg
US$810- 900/oz
Shaft pillar
Joel
80 000- 90 000oz
R235 000- 260 000/kg
R285 000- 315 000/kg
US$940- 1040/oz
13
Steady state
Unisel
60 000- 65 000oz
R295 000- 325 000/kg
R335 000- 370 000/kg
US$1100- 1220/oz
Steady state
Target 3
60 000- 70 000oz
R270 000- 300 000/kg
R345 000- 380 000/kg
US$1130- 1250/oz
16
In build-up
Various surface
50 000- 60 000oz
R275 000- 305 000/kg
R275 000- 305 000/kg
US$910- 1010/oz
17+
Tailings, rock dumps
Kalgold
40 000- 45 000oz
R330 000- 365 000/kg
R380 000- 420 000/kg
US$1260- 1390/oz
12
Steady state
Steyn 2
13 000- 17 000oz
R260 000- 290 000/kg
R265 000- 290 000/kg
US$870- 960/oz
Shaft pillar
Hidden Valley
Target 1
Bambanani
Total
~1.3moz - 1.4 moz ~ R270 000- R300 000/kg ~ R325 000- R360 000/kg ~ US$1070 -1180/oz
An exchange rate of R9.45/US$ was used

Guidance revised in February 2013 to 1.2moz 1.3moz due to restructuring
*Includes cash operating costs (including royalties), maintenance capital, growth capital and local economic development costs
FACT SHEET
www.harmony.co.za
21
Driving costs down (US$/oz) (year to date)

Guidance for FY14:
Average Cash operating
costs (including royalties)
Operation
(US$/oz)
Six months ended Dec

2013:
(including royalties)
(US$/oz)
Guidance for FY14:

Annual average
Capital and cash operating
costs*
(US$/oz)
Six months ended Dec 2013:

Capital and cash operating
costs*
(US$/oz)
Kusasalethu
US$880 980/oz
1 189
US$1120- 1240/oz
1 528
Doornkop
US$800 890/oz
1 068
US$980- 1080/oz
1 331
US$1 150 1 270/oz
1 137
US$1500- 1660/oz
1 545
Tshepong
US920 1 020/oz
1 068
US$1110- 1220/oz
1 299
Masimong
US$845 930/oz
1 073
US$970- 1070/oz
1 262
US$1 100 1 210/oz
1 081
US$1400- 1550/oz
1 216
Phakisa
Hidden Valley
Target 1
US$740 820/oz
678
US$960- 1060/oz
848
Bambanani
US$645 710/oz
649
US$810- 900/oz
796
Joel
US$780 865/oz
806
US$940- 1040/oz
990
US$980 1 080/oz
952
US$1100- 1220/oz
1 088
1 172
US$1130- 1250/oz
1 480
US$905 1 000/oz
980
US$910- 1010/oz
991
US$1 080 1 195/oz
998
US$1260- 1390/oz
1 103
US$870 955/oz
706
US$870- 960/oz
~ US$880 980/oz
980
~ US$1070 -1180/oz
Unisel
US$890 980/oz
Target 3
Various surface
Kalgold
Steyn 2
Total
Costs slightly more than guidance

Costs below or within guidance
Costs are higher than guidance
An exchange rate of R9.45/US$ was used The average exchange rate for the six months ended Dec 2013 was R10.04/US$
* Includes cash operating costs (including royalties), maintenance capital, growth capital and local economic development costs
FACT SHEET
719
1 194
www.harmony.co.za
22
Driving costs down (US$/oz)

US$/oz
1 600
1 551
1 500
1 400
1 300
1 264
1 222
1 200
1 100
1 000
FACT SHEET
Jun-13
Sep-13
Dec-13
www.harmony.co.za
23
Growing our margins (US$/oz)

1 800
All-in sustaining cost US$/oz

1 546
1 400
1 618
1 640
1 600
1 222
1 147
1 187
1 000
1 210
1 209
1 281
1 376
1 409
1 200
742
811
854
861
921
800
600
400
200
-
All-in sustaining cost US$/oz
FACT SHEET
Quarter average revenue US$/oz

24
www.harmony.co.za
All-in sustaining costs 4% lower q-on-q (US$/oz)

All-in sustaining costs - December 2013 quarter (US$/oz)
US$/oz
1 700
Kusasalethu
Target 3
1 600
Total
Jun 2013 qtr
Phakisa
1 500
Masimong
1 400
Gold price received
1 300
19%
Tshepong
Total
Dumps
1 200
Hidden Valley
Sep 2013 qtr
Doornkop
3%
Total
Dec 2013 qtr
Kalgold
Unisel
1 100
1 000
900
Target 1
Steyn 2
800
Joel
Phoenix
Bambanani
700
0%
10%
20%
30%
December 2013 qtr actual

FACT SHEET
40%
50%
60%
Cumulative % of Production
September 2013 qtr actual
70%
80%
90%
100%
Average gold price received

www.harmony.co.za
25
Capital expenditure reviewed and reduced (y-on-y)

US$m
600
Capital expenditure (US$m)

540
500
465
434
414
400
338
313
300
200
100
FY13
FY14
Guidance (Aug '12)
FY15
FY13 Actual; FY14 and FY15 are forecasts
An actual exchange rate of US$/R8.82 was used to calculate the capital expenditure for FY13 and US$9.45 was used for FY14 and FY15
FACT SHEET
www.harmony.co.za
26
Capital expenditure and forecast (US$m)

450
400
350
300
250
200
150
100
50
FY12 Actual
FY13 Actual
Growth capital - SA
FY14 Forecast
FY15 Forecast
Maintenance capital - SA
FY16 Forecast
Ongoing capital development - SA
FY17 Forecast
Hidden Valley
FY18 Forecast
Wafi-Golpu
No capital expenditure included in respect of Golpu from FY16

Future costs are estimated in real terms and using an exchange rate of US$/R9.45
Note: Wafi- Golpu figures included represent Harmony's 50% equity portion
FACT SHEET
www.harmony.co.za
27
FY14 cash and capital costs (% split)

South Africa
Salary and
wages, 41%
PNG
Capital,
18%
Salary and
wages,
22%
Supplies and
consumables,
17%
Supplies and
consumables,
44%
Capital,
14%
LED, 2%
Royalty, 1%
Contractors, 8%
Electricity, 12%
Royalty,
2%
Contractors,
12%
Electricity,
6%
Water , 1%
LED: Local economic development
Figures exclude exploration, corporate costs and care and maintenance
FACT SHEET
28
www.harmony.co.za
Income statement (q-on-q) (US$)

Extracts from income statement and operating results
Dec 2013
(US$m)
Sep 2013
(US$m)
%
change
402
403
(305)
(299)
(2)
(290)
(314)
Inventory movements
(15)
15
>(100)
97
104
(7)
Amortisation and depreciation
(56)
(58)
Exploration expenditure
(11)
(14)
Foreign exchange translation loss*
(13)
(1)
>(100)
(1)
(4)
75
(10)
>(100)
10.12
9.96
Revenue
Production costs
Operating profit as per operational results
Taxation
Net (loss)/profit
Exchange rate (R/US$)
* Included as part of the Other (expenses)/income net line in the income statement.
FACT SHEET
www.harmony.co.za
29
Impact of foreign exchange translation (q-on-q) (US$)

Extracts from income statement and HEPS
calculation
Dec 2013
(US$m)
Sep 2013
(US$m)
%
change
Net (loss)/profit
(10)
>(100)
Foreign exchange translation loss*
(13)
(1)
>(100)
50
Headline (loss)/earnings per share
(2)
0.5
>(100)
Foreign exchange translation loss per share
(3)
0.2
>(100)
0.7
43
Net profit excluding translation effects
HEPS excluding translation effect
* Included as part of the Other (expenses)/income net line in the income statement.
FACT SHEET
30
www.harmony.co.za
Cash flow summary (q-on-q) (US$)

Extracts from the cash flow statement
Cash flow from operations before exploration
Dec 2013
(US$m)
Sep 2013
(US$m)
80
38
(11)
(14)
(3)
Capital expenditure
(62)
(62)
At 31 December 2013: Net debt
(91)
(86)
222
228
(313)
(314)
Exploration expenditure
Income and mining taxes paid
Cash balance
Debt
FACT SHEET
www.harmony.co.za
31
Borrowings renegotiated
New three year Nedbank debt facility of R1.3bn

replaces previous R850m facility
matures in December 2016
outstanding R458m was settled by drawing down on new facility
Covenants renegotiated for US$ and Rand facilities

the groups interest cover shall not be less than five (EBITDA/Total interest)
current ratio shall not be less than one (current assets/current liabilities)
cash flow from operating activities shall be above R100m for the six months
prior to the evaluation date
total net debt shall not exceed R3bn plus the rand equivalent of US$300m
tangible net worth to net debt ratio shall not be less than six times
Tangible Net Worth is defined as total equity less intangible assets.

FACT SHEET
www.harmony.co.za
32
Wafi-Golpu
www.harmony.co.za
Globally significant resource
Modular, expandable mine planned, with lower capital requirements,
Next phase for the Wafi-Golpu project - commencement of underground access

SECTION VIEW
SECTION VIEW
2009
Diatreme
Surface
Today
Diatreme
Surface
5250mRL
5250mRL
5000mRL
5000mRL
800 m
4750mRL
4750mRL
2009 GOLPU
RESOURCE(1)
4500mRL
163Mt @
0.57 g/t Au &
1.1% Cu
4250mRL
300 m
20 Moz Au &
9.0 Mt Cu
4000mRL
500m
3750mRL
1,000 Mt @
0.63 g/t Au &
0.90% Cu
4250mRL
3.0 Moz Au &

1.7 Mt Cu
4000mRL
500m
3750mRL
19,000mE
20,000mE
21,000mE
+1700 m
2012 GOLPU
RESOURCE(2)
4500mRL
~800 m
19,000mE
20,000mE
34
(1) Harmony Annual Statement of Mineral Resources and Reserves as at 30 June 2009
(2) Harmony Annual Statement of Mineral Resources and Reserves as at 30 June, 2013
Resource figures quoted on 100% basis.
FACT SHEET
21,000mE
www.harmony.co.za
34
Golpu is a world-class resource

PLAN VIEW
ZIMAKE
PLAN VIEW
Miapilli
157m @ 1.0g/t Au
85m @ 3.2g/t Au
10m @ 9.1g/t Au
Zenapu
Bavaga
65m @ 6.4g/t Au
Miapilli
Golpu
Nambonga
Wafi
Hekeng
KESIAGO
M Zone
Nambonga
1.0Moz Au
0.1Mt Cu
Zenapu
2012 WAFI-GOLPU
RESOURCE
28.5Moz Au & 9.1Mt Cu
Western
Zone
Golpu
20.3Moz Au
9.0Mt Cu
Northern
Zone
21.8m @ 1.5g/t Au &

58m @ 1.1g/t Au
21m @ 10g/t Au
26m @ 7.0g/t Au
WR419
Eastern
Margin
Diatreme
Wafi
7.2Moz Au
4 km
Copper/gold
target area
721,000mN
Northern
Margin
Pekumbe
Mt Tonn
97m @ 0.75g/t Au,

0.15% Cu
8m @ 4.6g/t Au
30m @ 1.2g/t Au
Dokaton
South
70m @ 1.9g/t Au
720,000mN
local mine grid
500 m
20,000mE
Wafi Transfer Zone: 25km+ porphyry corridor

Multiple known prospects, new zones of mineralisation emerging
Surface drilling completed
Underground access planned
FACT SHEET
www.harmony.co.za
35
Golpu: a globally significant resource

Porphyry copper-gold deposits Asia and Pacific region
(bubble size represents total Au-equivalent ounces1)
1.30
Golpu is in the Optimal Quartile for Cu & Au
1.20
Oyu Tolgoi
248 Moz
1.10
Golpu Project
1.00
69 Moz
0.90
Cu (wt %)
0.80
Tampakan
0.70
94 Moz
0.60
Northparkes
0.50
0.30
5 Moz
37 Moz
54 Moz
0.10
Didipio
Ridgeway
Batu Hijau
Namosi
0.20
Kingking
24 Moz
Dexing
16 Moz
0.00
0.00
0.20
0.30
11 Moz
Cadia
Valley
Golpu project Resource

In production
125 Moz
0.50
0.60
Au
(g/t)
Sourced from Company Reports and Wood Mackenzie Database (accessed 28/06/2012).
(1)
0.10
20 Moz
329 Moz
Frieda
River 83 Moz
0.40
Ok Tedi
Grasberg
12 Moz
0.40
0.70
0.80
Project
0.90
1.00
1.10
Gold equivalent based on US$ 1250/oz Au, USD 3.10/lb Cu on an in-situ basis
FACT SHEET
www.harmony.co.za
36
Indicative timeline
Commissioning and
ramp-up 1st
production
Increasing value
Progress underground development

and cave establishment
January 2018 onwards
Advance feasibility studies, on-mine infrastructure / early works
July 2017 - July 2019
Advance underground access, underground resource definition / early
works / infrastructure definition
July 2014 July 2017 (underground access construction)
New pre-feasibility study scalable, staged, lower cost mine
July 2015
Feasibility for underground access
May 2013 - Dec 2014 (drilling, common path infrastructure, underground access
pre-feasibility study and feasibility study, progress development agreement)
Pre-feasibility study Mega Mine
March 2011 - August 2012
Reducing risk
FACT SHEET
www.harmony.co.za
37
Sharing rewards
www.harmony.co.za
Finding a balance
General
public
general
communities
Shareholders
Employees/
unions
Government
and regulators
NGOs
Media and
analysts
Industry
organisations
Host
communities/
neighbours
FACT SHEET
Partners,
customers and
suppliers
www.harmony.co.za
39
Sharing the upside

Interim dividend of 50 cents declared during FY13
Interim and final dividends declared (SA cents)
Earnings and dividend per share (SA cents)
100
700
90
614
600
80
500
70
50
60
400
50
290
300
40
200
30
50
20
50
60
40
50
144
100
60
50
90
50
10
(100)
0
FY08
FACT SHEET
FY09
FY10
Interim dividend
FY11
FY12 H1 FY13
Final dividend
(46)
FY10
FY11
Earnings per share
FY12
H1 FY13
Final and interim dividend

www.harmony.co.za
40
NOTES
Harmony
Harmony
Gold
Gold
Mining
Mining
Company
Company
Limited
Limited
(Harmony)
(Harmony)
Ticker
Ticker
codes:
codes:
JSE
JSE
(HAR)
(HAR)
NYSE
NYSE
(HMY)
(HMY)
November
November
/ December
/ December
2013
2013
1 1
FACTFACT
SHEET
SHEETNOVEMBER
NOVEMBER
/ DECEMBER
/ DECEMBER
20132013
www.harmony.co.za
www.harmony.co.za
w ww
ww
. hwa.rhmaw
or m
n
wyw
o
w.n
w
c. h
yow.a.c.zrho
m
aa. o
zr m
an yo.nc yo..czoa . z a
Results for the second quarter FY14

and six months ended 31 December 2013
OPERATIONAL RESULTS
(Rand/Metric) (US$/Imperial)
South Afr
Underground production
38
137
Ore milled
156
219 Dec-13
t000
249 Sep-13
161 302
193
238
137
54
219
161 149
193
54
149
189 329
191
236
156
51
249
189 159
191
51
159
706
Gold produced
755
962 Dec-13
kg
1049 Sep-13
6841140
1241
872
706
697
962
684 674
1241
697
674
7581272
1081
765
755
623
1049
758 697
1081
623
697
22698
Gold produced
24274
30929 Dec-13
oz
33726 Sep-13
21991
36652
39899
28035
22698 22409
30929
21670 39899
21991
22409
21670
164
24370
40896
34755
24595
24274 20030
33726
22409 34755
24370
20030
22409
153
5.15
Yield
4.84
4.39 Dec-13
g/tonne
4.21 Sep-13
4.25 3.77
6.43
3.66
5.15
12.91
4.39
4.254.52
6.43
12.91
4.52
4.
4.01 3.87
5.66
3.24
4.84
12.22
4.21
4.014.38
5.66
12.22
4.38
4.
352244 Dec-13 353671

389854
R/kg
337704 Sep-13 339471
378360
200373
320533
374572199795
352244
261521 200373
353671
199795
261521 2947
240274
372256
359825220342
337704
258561 240274
339471
220342
258561 3205
72
35
95
66
24
33
374572
Cash operating
359825
costs
56
85
63
74
07
88
96
50
92
18
77
05
76
59
64
54
76
78
00
13
00
76
35
01
1087 1198
616
985
1151
614
1083
1087 804
616
614
804
1060 1182
750
1163
1124
688
1055
1060 808
750
688
808
10
1930
Cash
operating
1741
costs
1547 Dec-13
R/tonne
1423 Sep-13
1503 1472
1288
1174
1930
2579
1547
1183
1503
1288
2579
1183
14
1361 1463
1360
1207
1741
2692
1423
1133
1361
1360
2692
1133
14
740
Gold sold
742
1009 Dec-13
kg
1031 Sep-13
717 1184
1384
888
740
730
1009
717 681
1384
730
681
745 1098
986
796
742
613
1031
745 693
986
613
693
23792
Gold sold
23856
32440 Dec-13
oz
33147 Sep-13
23052
38066
44497
28550
23792 23470
32440
21895 44497
23052
23470
21895
172
23952
35301
31701
25592
33147
23856 19708
22280 31701
23952
19708
22280
150
306991
Revenue
318272
418452 Dec-13 297349

494357
(R000)
442614 Sep-13 319160
471091
575876
364818
306991302668
418452
283124 575876
297349
302668
283124 2226
423239
342177
318272263048
442614
297079 423239
319160
263048
297079 2005
264448
Cash operating
271668
costs
338859 Dec-13 241911

444434
(R000)
354251 Sep-13 257319
481274
248663
279505
264448139257
338859
176265 248663
241911
139257
176265 1509
259736
284776
271668137273
354251
180217 259736
257319
137273
180217 1525
51668
12659
16146 12367
22591
(6288) 51668
16418
12367
(6288)
96
(34582)
3625
(6345) (1659)
(8697)
(1589)
476
(34582)
(1659)
(1589)
(23
64
73
15
280594151624
361450
169977 300331
258329
151624
169977 1605
265323135614
345554
178628 225154
257795
135614
178628 1501
26397
Operating profit
52949
57002 Dec-13
(R000)
97060 Sep-13
39020
21913
275545
72654
26397151044
57002
113147 275545
39020
151044
113147
621
61365
76134
198085
53776
52949127434
97060
118451 198085
61365
127434
118451
503
2609
Operating profit
5317
5632 Dec-13
($000)
9746 Sep-13
3856 2164
27227
7178
2609 14924
5632
11180 27227
3856
14924
11180
61
6161 7644
19890
5400
5317 12797
9746
11894 19890
6161
12797
11894
50
98511
Capital
90762
expenditure
78740 Dec-13
(R000)
67598 Sep-13
40571
130309
64190
63513
98511 29220
78740
37936 64190
40571
29220
37936
246
37819
120048
61509
60100
90762 31922
67598
42056 61509
37819
31922
42056
172
9734
Capital
expenditure
9114
7780 Dec-13
($000)
6788 Sep-13
4009
12876
6343
6276
2887
3748
24
4223
17
1546
All-in sustaining
costs
1554
16
476
(86317)
300331
292164
503058
All-in sustaining
497604
costs
81
16418
28010
225154
288401
1197
Adjusted
operating
1138costs
38
22591 Dec-13
(R000)
(8697) Sep-13
361450 Dec-13 258329

472444
(R000)
345554 Sep-13 257795
394957
389497
Adjusted
364217
operating costs
92
9734
2887
7780
9114
3205
6788
3748
4009
6343
4223
3798
3798
12055
6176
6035
6176
3205
367910 Dec-13 371109

408698
R/kg
341375 Sep-13 362285
375072
222422
346101
216640
389497
367910
258728 222422
371109
216640
258728 3077
232532
375492
226822
364217
341375
263371 232532
362285
226822
263371 3299
1131 Dec-13
$/oz
1066 Sep-13
11411256
684
1064
1197
666
1131
1138
708
1066
1141 795
684
1132 823
666
795
823
10
11321171
726
1173
726
708
458501 Dec-13 447878

533624
R/kg
418042 Sep-13 428681
499528
278028
416838
503058241303
458501
299632 278028
447878
241303
299632 3732
306233
453515
497604248992
418042
299968 306233
428681
248992
299968 3809
1409 Dec-13
$/oz
1306 Sep-13
13761640
854
1281
1546
742
1409
1376 921
854
742
921
11
13391560
956
1416
1554
778
1306
1339 937
956
778
937
11
RIC 20 Stripping
* Comparative
Costs
figures
in for
the
these
Production
operations havePhase
been restated
of a
as Surface
a result of theMine.
adoption of IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine.
Refer to note 2 of the Financial Statements.
Uni
1083 Dec-13
$/oz
1055 Sep-13
280594
Operating costs
265323
01
Joel
1151
Cash
operating
1124
costs
16146
Inventory
(6345)
movement
25
Phakisa
Masimong Joel Target 1
Bambanani
Phakisa
65
Target
Doornkop 1
Bambanani
Tshepong
op
36
Tshepong
Three
months
KusasaMasimong lethu
ended
Underground production
rica
isel
South Africa
Surface production
Target
3 Target 3
Unisel
Steyn
Steyn 2
2
Total Total
under-underground
ground
Phoenix
Phoenix
Dumps
Surface production
Total
Kalgold* Dumps
surface
Total
Total
Hidden
Total
continuing
South
Kalgold*
Valley* surface
operations
Africa
To
So
Af
107
107
75
75
12
12
1647 16471482
1482
755
364
755
2601
4248364
506
2601
4754
42
108
108
82
82
12
12
1762 17621544
1544
873
364
873
2781
4543364
503
2781
5046
45
512
512 350
350
147
147
7985 7985 217
217
226
315
226
758
8743315
772
758
9515
87
476
476 392
392
146
146
8014 8014 225
225
297
324
297
846
8860324
775
846
9635
88
461
11253 11253
16461
4726
4726
2567236977
256723
6977
7266
10127
7266
24370
10127
281093
24820 24370
305913
2810
304
12603 12603
15304
4694
4694
2576567234
257656
7234
9549
10417
9549
27200
10417
284856
24917 27200
309773
2848
.79
4.794.67
4.67
12.25
12.25
4.85 4.85 0.15
0.15
0.30
0.87
0.30
0.29
0.87
2.06
1.53
0.292.00
.41
4.414.78
4.78
12.17
12.17
4.55 4.55 0.15
0.15
0.34
0.89
0.34
0.30
0.89
1.95
1.54
0.301.91
779
383566 383566 221871

294779
221871
306967
306967
279221
279221
357916
318184357916
318876
318184
308000
316206318876
308665
3080
525
373446 373446 233966

320525
233966
319395
319395
272796
272796
344552
325694344552
318246
325694
319286
381274318246
324272
3192
906
1179
906
1179
682
682
943
943 858
858
1100
978
1100
980
947978
972
980949
001
1166
1001
1166
731
731
998
998 852
852
1076
1017
1076
994
1017
997
1191
994
1013
411
1790
1411
1790
2718
2718
1488 1488
41
10741
275
10793
634275
482
93618
413
1785
1413
1785
2847
2847
1453 1453
40
11740
290
11797
623290
587
97619
537
537 390
390
154
154
8414 8414 180
180
224
269
224
673
9087269
711
673
9798
90
467
467 358
358
144
144
7673 7673 221
221
288
340
288
849
8522340
831
849
9353
85
265
12539 12539
17265
4951
4951
2705175787
270517
5787
7202
8649
7202
21638
8649
292155
22859 21638
315014
2921
014
11510 11510
15014
4630
4630
2466917105
246691
7105
9259
10931
9259
27295
10931
273986
26717 27295
300703
2739
669
162260 162260
222669
63875
63875
3492439
3492439
75268
75268
96949
113108 96949
285325
113108
3777764
293622285325
4071386
37777
535
153520 153520
200535
61532
61532
3292267
3292267
95253
95253
124269
146634124269
366156
146634
3658423
359304366156
4017727
36584
927
134248 134248
150927
32615
32615
2451132
2451132
60591
60591
80889
100228 80889
241708
100228
2692840
244111241708
2936951
26928
570
146391 146391
152570
34159
34159
2559634
2559634
61379
61379
102332
105525102332
269236
105525
2828870
295487269236
3124357
28288
603
28051 28051
9603
3043
3043
194268
194268
(11068)
391)
(19548)(19548)
(2391)
(1020)
(1020)
(158047)(317)
(158047)
(11068)
143
(13675)
(317)
(4017)
2559
143
(24600)
(4017)
(1775)
(13675) (20733)(24600)
169668
148935
2559
(159822)
16283
1696
(1775)
(143539)
(1598
530
162299 162299
160530
35658
35658
2645400
2645400
49523
49523
81032
86553 81032
217108
86553
2862508
223378217108
3085886
28625
179
126843 126843
150179
33139
33139
2401587
2401587
61062
61062
98315
108084 98315
267461
108084
2669048
311770267461
2980818
26690
139
62139 (39)
356
26677 26677
50356
140
6140
057
2679
5057
(4)
(39)
(4)
2679
28217
28217
847039
847039
25745
25745
15917
26555 15917
68217
26555
915256
70244 68217
985500
9152
28393
28393
890680
890680
34191
34191
25954
38550 25954
98695
38550
989375
47534 98695
1036909
9893
2788
2788
836942544
83694
2544
1572
2623
1572
6739
2623
90433
6941
6739
97374
904
2850
2850
894353434
89435
3434
2606
3871
2606
9911
3871
99346
4772
9911
104119
993
652
36768 36768
24652
641
641
605051 931
605051
931
2463
12607
2463
16001
12607
621052
19082 16001
640134
6210
228
35411 35411
17228
562
562
565015
565015
129
8023
129
8152
8023
573167
48478
8152
621645
5731
59785
59785
92
24392
1246
243
1581
1246
61366
1885
1581
63251
613
56736
56736
806
4868
436
730
3633
2436
3633
63
63
3556
1730
3556
56
56
13
13
819
57555806
819
62423
575
717
422833 422833 240307

307717
240307
323996
323996
275126
275126
361752
330343361752
326029
330343
324163
316287326029
323591
3241
937
359871 359871 235119

329937
235119
321965
321965
276299
276299
341372
321027341372
316285
321027
321399
376717316285
326314
3213
996 846
846
1112
1015
1112
1002
1015
996
969
1002994
1003
1177
946
031
1299
946
1299
739
739
1124
1031
1124
996
734
734
1006 1006 863
863
1066
1066
988
1003
1004
988
1019
10
246
526404 526404 263910

373246
263910
400445
400445
280299
280299
386310
393782386310
360943
393782
397713
394820360943
397503
3977
985
470106 470106 253014

380985
253014
359453352628
335492
359453
393978
514593335492
404694
3939
400649
400649
276299
276299
352628
147
1618
1147
1618
811
811
1231 1231 861
861
1187
1210
1187
1109
1210
1222
1209
1109
1222
12
190
1468
1190
1468
790
790
1251 1251 863
863
1101
1123
1101
1048
1123
1230
1607
1048
1264
12
BASTION GRAPHICS
Contacts
Investor relations team
Email: HarmonyIR@harmony.co.za
Henrika Ninham
Investor Relations Manager
Tel: +27 (0)11 411 2314
Mobile: +27 (0)82 759 1775
Email: henrika@harmony.co.za
Marian van der Walt

Executive: Corporate and Investor Relations
Tel: +27 (0)11 411 2037
Mobile: +27 (0)82 888 1242
Email: marian@harmony.co.za
Listing and related trading contact information

Trading Symbols
JSE Limited: HAR
New York Stock Exchange, Inc: HMY
Euronext, Brussels: HMY
Berlin Stock Exchange: HAM1
South African Share Transfer Secretaries

Link Market Services South Africa (Proprietary) Limited
(Registration number 2000/007239/07)
13th Floor, Rennie House
19 Ameshoff Street
Braamfontein, 2001
PO Box 4844, Johannesburg, 2000, South Africa
Telephone: +27 (0)86 154 6572
Fax: +27 (0)86 674 4381
ADR Depositary
Deutsche Bank Trust Company Americas
c/o American Stock Transfer and Trust Company
Peck Slip Station
PO Box 2050, New York, NY 10272-2050
Email queries: db@amstock.com
Toll free: +1-800-937-5449
Intl: +1-718-921-8137
Fax: +1-718-921-8334
Private Securities Litigation Reform Act

Safe Harbour Statement
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbour
created by such sections. These statements may be identified by words such as expects, looks forward to, anticipates,
intends, believes, seeks, estimates, will, project or words of similar meaning. All statements other than those of historical
facts included in this presentation are forward-looking statements, including, without limitation, (i) estimates of future earnings, and
the sensitivity of earnings to the gold and other metals prices; (ii) estimates of future gold and other metals production and sales,
(iii) estimates of future cash costs; (iv) estimates of future cash flows, and the sensitivity of cash flows to the gold and other metals
prices; (v) statements regarding future debt repayments; (vi) estimates of future capital expenditures; and (vii) estimates of
reserves, and statements regarding future exploration results and the replacement of reserves. Where the Company expresses or
implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.
Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs
and variances in ore grade or recovery rates from those assumed in mining plans, project cost overruns, as well as political,
economic and operational risks in the countries in which we operate and governmental regulation and judicial outcomes. For a more
detailed discussion of such risks and other factors (such as availability of credit or other sources of financing), see the Companys
latest Annual Report on Form 20-F for the year ended June 30, 2013 which is on file with the Securities and Exchange Commission,
as well as the Companys other SEC filings. The Company does not undertake any obligation to release publicly any revisions to
any forward-looking statement to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities laws.
A n excit ing
i n vest m ent p roposition
Registration number
1950/038232/06
Incorporated in the Republic of South Africa

Harmony Fact Sheet February March 2014

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Harmony Fact Sheet February March 2014

Uploaded by

Copyright:

Available Formats

Harmony Gold Mining Company Limited (Harmony)

Harmony has been in operation in

Produced 1.14Moz* of gold in FY13

50% joint venture in PNG with Newcrest Mining Ltd

Hidden Valley open pit mine

100% PNG exploration areas

Reserves of 51.5Moz* and resources of 147.7Moz*

compliant with 2014 Mining Charter requirements

Employs about 36 000 people (including 6 000 contractors)

Shareholding as at 31 December 2013

Gold production FY13

Upside in share price

Lowest R/tonne SA gold producer

Greater capital discipline

Golpu one of the top gold/copper

Global peer group

Growth in margin.sharing rewards

Optimise operational delivery

Safely delivering on projects

Sharing profits with

Experienced teams with strong values;

FEBRUARY / MARCH 2014

Steady state production

Exploration MMJV & PNG

Production gap and build-up

Increasing project value

Asset portfolio long life, quality ounces

FEBRUARY / MARCH 2014

All the original, marginal Harmony assets have been closed

new mine developed at Kusasalethu - productivity improvements

shaft sinking at Phakisa and Doornkop have been completed

decline shafts completed at Tshepong; in progress at Joel and Bambanani

All about growth in margin

increase gold production

Major capital expenditure spent

FEBRUARY / MARCH 2014

Harmonys foundations are in place

AISC: All-in sustaining cost

What we have done

FEBRUARY / MARCH 2014

Safety our key priority

Reportable Injury Frequency Rate*

Fatal Injury Frequency Rate*

Lost Time Injury Frequency Rate*

* Numbers reflect SA only

FEBRUARY / MARCH 2014

Mineral Reserves Reconciliation - FY12 vs FY13

Mined during FY13

FEBRUARY / MARCH 2014

Benchmarking our grade

FEBRUARY / MARCH 2014

Lowest cost producer (R/tonne) in SA

Project capital for Anglogold has been included

FEBRUARY / MARCH 2014

Upward trend in underground grade

FEBRUARY / MARCH 2014

Stable production (oz)

Note: Guidance for FY14: 1.2 1.3moz

FEBRUARY / MARCH 2014

Harmony excluding Kusasalethu

Mines currently operating Comments

Joel, Target 1, Steyn 2,

Operating at below US$1000/oz

Hidden Valley, Kalgold,

Golpu one of the top gold/copper