Corporate profile
(PDF - 206KB)
Harmony is the world's fifth largest gold producer, operating 22 individual mines and projects in three countries, South Africa, Australia and Papua New Guinea (PNG). In FY07 Harmony generated a turnover of R9 billion and produced 2.3Moz of gold, primarily from its operations in South Africa.
The group’s R547 billion capital growth campaign in South Africa and PNG on the development of five large-scale projects will combined, exploit 19.3 million life-of-mine ounces.
Our South African operations are managed in three categories:
In addition, there are a number of surface operations, including Kalgold, and the Phoenix project.
In FY07, Harmony’s assets in Australia were the South Kal and Mt Magnet operations.
Harmony announced the sale of South Kal in 31 July 2007. Current projects in PNG are Hidden Valley and Wafi-Golpu.
Harmony’s global exploration programme continued to gain impetus with activities focused on southern Africa, South East Asia and PNG.
| JSE [HAR] | 12-month high | R121.26 |
| 12-month low | R89.57 | |
| NYSE and Nasdaq [HMY] | 12-month high | US$17.02 |
| 12-month low | US$12.09 | |
| Free float | 100% | |
| ADR | 1:1 |
Headline earnings
43 SA cps
Cash earnings up by
73%
R547 million
–attributable capital expenditure on growth projects
R341 million
net profit – first net profit in three years
Development up by
35%
R194 million
on exploration in FY07
3.5Moz
added to reserves as a result of pre-feasibility studies at Harmony’s Evander South Project as well as Golpu in PNG.
53.6Moz
–Harmony’s current gold ore reserves