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Harmony's guidance for the June 2011 quarter

Johannesburg. Friday, 15 July 2011. Harmony Gold Mining Company Limited (Harmony) announces that higher production from its growth assets resulted in overall production being higher quarter on quarter.

Gold production for the June 2011 quarter is likely to be 3% higher than the previous quarter, despite days lost to public holidays. As expected, cash operating costs in Rand terms will be higher, mainly due to higher electricity and stores costs, as well as the inclusion of Target 3 in our operating results. Higher stores costs are due to additional supplies used to support the increased production, as well as additional maintenance performed during public holidays.

Chief Executive Officer, Graham Briggs, commented that: “Quarter on quarter our short-term objective is the build-up of our production. Although it takes time, we are getting there and will resist challenges to ensure delivery.”

Harmony’s results for the quarter and year ended 30 June 2011 will be released on Monday, 15 August 2011. Please refer to our website for details.

For more details contact:

Henrika Basterfield
Investor Relations Officer
+27 82 759 1775(mobile)

Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242(mobile)

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(PDF - 6.5MB)

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