Contents
- Corporate profile
- Key statistics 2009
- Key features 2009
- Operations at a glance
- FY09 – milestones
- Harmony strategy
- Chairman’s letter
- Chief executive officer’s review
- Review of operations
- Exploration overview
- Mineral resources and ore reserves
- Board of directors
- Executive management
- Corporate governance
- Directors’ report
- Report of the independent auditors (PDF - 37KB)
- Group annual financial statements (PDF - 312KB)
- Company annual financial statements (PDF - 123KB)
- Statement of subsidiary companies (PDF - 48KB)
- Investor relations
- Glossary of terms
- Administrative information
Key features 2009
Safety
- 22 fatalities compared with 21 the previous year
- Lost-time and reportable injury frequency rates improved to single digits
- Behaviour-based safety programme introduced
Operational
- 1.46 million ounces of gold produced
- First gold poured at Hidden Valley, Papua New Guinea
- Cost increases contained at some operations
- Two-year wage agreement signed in South Africa
- Investment in future growth maintained with capex of R4.4 billion
- Increase in exploration opportunities
Financial
- Record net profit of R2.9 billion
- Healthy balance sheet a result of:
- Cash on hand of R2 billion
- Net zero debt
- Headline earnings per share 108% up
Consequently
- Harmony now positioned for growth
- Remains unhedged
- Shareholder returns
- Dividends
- Share price appreciation
- Remains bullish on gold price
Harmony Annual Report 2009