Harmony’s Mineral Resources and Mineral Reserves report (South Africa, Papua New Guinea and Australia) as at 30 June 2025 is produced in accordance with the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC), section 12.13 of the JSE Listings Requirements (as updated from time to time) and the requirements of the United States Securities and Exchange Commission (SEC) regulation S-K Subpart 1300.
Mineral Resources
Contribution to Mineral Resources by region at 30 June 2025
At 30 June 2025, Harmony’s total attributable gold and gold equivalent Mineral Resources were 135.5Moz, down from 136.5Moz.
The year-on-year Mineral Resource reconciliation is as follows:
| kg (000) | Moz | |
|---|---|---|
| June 2024 | 4 247 | 136.5 |
| Changes during FY25: | ||
| Mined | (68) | (2.2) |
| Net of depletion variance excluding gold equivalents | 119 | 3.8 |
| Gold equivalents | (84) | (2.7) |
| June 2025 | 4 214 | 135.5 |
Mineral Reserves
As 30 June 2025, Harmony’s total attributable gold and gold equivalent Mineral Reserves were 36.8Moz, down from 40.3Moz.
The year-on-year Mineral Resource reconciliation is as follows:
| kg (000) | Moz | |
|---|---|---|
| June 2024 | 1 252 | 40.3 |
| Changes during FY25: | ||
| Mined | (52) | (1.7) |
| Net of depletion variance excluding gold equivalents | 3 | 0.1 |
| Gold equivalents | (58) | (1.9) |
| June 2025 | 1 145 | 36.8 |
Contribution to Mineral Reserves by region at 30 June 2025
Our minerals matter
Gold
Gold retains its intrinsic and historical value due to its unique properties and its entrenched role across various sectors of human life.
Copper
The construction industry would not exist without the red metal, copper; it is essential for wiring in residential and commercial construction.