Harmony meets its strategic objectives for financial year 2021
Johannesburg – Peter Steenkamp, chief executive officer of Harmony Gold Mining Company, reflects on the Company’s past financial year which came to an end on 30 June 2021 (“FY21”): “While the past financial year will be defined and remembered as a year of extremes, our consistency and determination has lifted us and given us all a new sense of hope, compassion and motivation, ensuring that we at Harmony deliver on what we promised to our stakeholders and shareholders.”
GROWING QUALITY GOLD OUNCES
The successful acquisition and integration of Mponeng and related assets has been a game changer for Harmony. The company has managed to grow our gold ounces and de-risk its portfolio while expanding its margins and improve its cash flows well into the future.
Not only is Harmony now the largest gold producer in South Africa by volume, but it has a substantial surface source business with an exciting pipeline of both brownfield and greenfield opportunities.
ADVANCING COPPER-GOLD FOOTPRINT IN PAPUA NEW GUINEA
In December last year Harmony obtained approval of the Environmental Permit for its Tier-1 Wafi-Golpu project in PNG, further advancing its copper-gold aspirations. Discussion with the PNG government as it relates to the special mining lease recommenced during the fourth quarter of FY21.
Hidden Valley’s mining lease extension was also granted by the PNG government for a period of 5 years and is valid until March 2030. This will allow for further cutbacks and mine-extension opportunities at the operation and highlights Harmony’s strong stakeholder relations in PNG.
ACHIEVING ANNUAL PRODUCTION GUIDANCE
“The continual and unwavering commitment to operational excellence has ensured our mines are hitting their straps, ensuring we deliver on our promises to each of our stakeholders. As such, Harmony has met its annual gold production guidance for FY21 by producing between 1.50Moz to 1.55Moz up to 30 June 2021,” said Steenkamp.
