6-k
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
August 6, 2007
Harmony Gold Mining Company Limited
Suite No. 1
Private Bag X1
Melrose Arch, 2076
South Africa
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F)
Form 20-F þ Form 40-F
(Indicate by check mark whether the registrant by furnishing the information contained in this
form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes No þ
TABLE OF CONTENTS
HARMONY GOLD MINING COMPANY LIMITED
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First Floor 4 The High Street
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Suite No 1 Private Bag X1
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T +27 11 684 0140
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NYSE and NASDAQ |
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trading symbol HMY |
Melrose Arch Melrose North
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Melrose Arch 2076
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F +27 11 684 0188
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JSE trading symbol HAR |
2196 Johannesburg
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Johannesburg South Africa
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W www.harmony.co.za |
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TRADING STATEMENT
Harmony Gold Mining Company Limited (Harmony) announces that its financial results for the quarter
ending 30 June 2007 are expected to differ significantly from those of the three previous quarters
as well as from the analysts consensus.
Shareholders are advised that Harmony expects to announce a headline loss per share of between 130
and 160 SA cents per share for the June 2007 quarter, compared with the March 2007 quarter headline
profit of 58 SA cents per share. It is expected that a headline profit of between 20 and 30 SA
cents per share will be reported for the 2007 financial year compared with a headline loss of 269
SA cents per share for the 2006 financial year.
This quarter-on-quarter variance is attributable to a combination of lower production and an
increase in costs. Gold production is expected to be down by between 8% and 12%, mainly due to, and
as previously disclosed, production incidents at Bambanani and Joel, lower grades mined at Tshepong
as well as the underperformance at Mt Magnets underground operations in Australia. Progress on
rectifying this situation will be reported at the June 2007 results presentation to the investment
community.
The combination of lower production and higher cost will result in the June 2007 quarters cash
cost per kilogram being up by between 35% and 45%. Harmonys total cash operating costs are up by
between 25% and 28% quarter-on-quarter. The company ascribes this in part to the newly installed
accounting software system that resulted in some of the March quarters costs being captured in the
June 2007 quarter and thus the average of the last six months cost would be a more accurate
reflection of the companys current cost base.
During the last six months, the companys cost base increased by between 8% and 12% on the previous
six months. The increase in costs is mainly due to consumables (stores) and supervisory labour and
detailed plans are being implemented to address the production and cost issues.
Shareholders are advised of the resignation of the Chief Executive, Bernard Swanepoel, with
immediate effect and the appointment of Graham Briggs as acting Chief Executive.
Harmonys management remains committed to creating shareholder value by addressing the companys
cost issues, through disciplined mining and a back to basics approach. says acting Chief Executive
Graham Briggs.
The financial information on which this trading statement is based has not been reviewed nor
reported on by the companys auditors. Due to the time taken to install new software and the need
to have externally audited numbers available, the announcement of Harmonys quarter and year-end
financial results has been postponed to Monday, 27 August 2007.
Johannesburg
6 August 2007
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Directors:
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P T Motsepe* (Chairman), G P Briggs (Acting Chief Executive), F Abbott*, J A Chissano*#,
Dr D S Lushaba*, FT de Buck*, C. Markus*, M Motloba*, N V Qangule, C M L Savage*, A J Wilkens* |
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*Non-Executive;# Mozambican |
Secretary:
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M P van der Walt |
Registration Number: 1950/038232/06
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: August 6, 2007
Harmony Gold Mining Company Limited
By: /s/ Nomfundo Qangule
Name: Nomfundo Qangule
Title: Chief Financial Officer