30 June 2022

MINING with
purpose


  • Integrated Annual Report
  • Mineral Resources And reserves
  • ESG Report
  • Financial Report
  • Operational Report
  • Report to Shareholders
  • TCFD
    report

MINING
with purpose

Mining with purpose is how we create shared value. It is the golden thread that connects our goals, strategy and business model. Shared value drives our pursuit of operational excellence, includes stakeholders and determines the way we manage our capitals. Guided by sustainable development principles in delivering our strategic objectives, we preserve shared value by ensuring the sustainability and profitability of our business.


Our investment case:

Doing what we
know best
  • Our embedded ESG practices will create lasting legacies and ensure a sustainable future for all stakeholders

  • We are geared to the rand gold price, with rand costs and US dollar revenue

  • As a 1.5Moz gold producer, we are expanding our margins through organic growth and new projects as we transition into a low-cost copper-gold producer

  • We have re-engineered our portfolio and deleveraged our balance sheet to create optionality and pay a dividend while growing the company

We have supplemented seven decades of experience with value-accretive acquisitions, revitalising our company as the largest gold producer by volume in South Africa. With a significant portion of the group’s Mineral Resources and Reserves in Papua New Guinea, one of the world’s premier new gold-copper regions, Harmony is also an acknowledged emerging market specialist.


Where we operate:

With operations in South Africa and Papua New Guinea, Harmony is a profitable, sustainable gold producer creating shared value for all stakeholders and leaving a lasting positive legacy – delivering high-impact and greener gold through embedding ESG in everything we do. With an abundance of opportunities to deploy capital across the world, we carefully determine which projects will deliver optimal shareholder returns on the basis of where we operate, how we manage risk and what skills we can leverage.

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South
Africa

Production:

1.37Moz (92%)


Located on the Witwatersrand Basin and Kraaipan Greenstone Belt, our South African operations accounted for 71% of group Mineral Resources and 54% of group Mineral Reserves both inclusive of gold and gold equivalent ounces.

Papua
New Guinea

Production:

0.12Moz (8%)


Located on the New Guinea Mobile Belt, in Morobe Province, our PNG operation accounted for 29% of group Mineral Resources and 46% of group Mineral Reserves both inclusive of gold and gold equivalent ounces.

Harmony’s 2022 integrated annual report is for the financial year ending 30 June 2022 (FY22).

Harmony’s 2022 integrated annual report is for the financial year ended 30 June 2022 (FY21). Aimed primarily at investors, it covers all our operations and activities in South Africa and Papua New Guinea, their impacts and most material matters during the period. Significant events between year end and the date of approving this report are also noted.

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