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Doornkop Mine

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Mineral resources and mineral reserves

The company's total attributable gold equivalent mineral resource of 105.2Moz was declared as at 30 June 2016, a 4.6% decrease year-on-year from the 110.3Moz declared on 30 June 2015. Gold contained in the mineral resources at the South African operations represented 55.2% of Harmony's total, with the Papua New Guinea assets representing 44.8% of total gold and gold equivalent mineral resources as at 30 June 2016.

Harmony's total attributable gold and gold equivalent mineral reserves amounted to 36.9Moz of gold, a 13.3% decrease on the 42.6Moz declared at 30 June 2015. Gold reserve ounces at our South African operations accounted for 45.4% while the Papua New Guinea gold and gold equivalent ounces represented 54.6% of Harmony's total mineral reserves as at 30 June 2016.

Mineral resources

As at 30 June 2016, attributable gold equivalent mineral resources were 105.2Moz, down from 110.3Moz in June 2015. The following table shows the year-on-year reconciliation of the mineral resources.

Gold and gold equivalent mineral resources reconciliation Tonnes Moz
June 2015 – Gold and gold equivalents 3 431 110.3
Changes during FY16:    
Mined (45) (1.5)
Net effect of changes at operations (305) (9.8)
Gold equivalents 192 6.2
June 2016 – Gold and gold equivalents 3 272 105.2

Mineral reserves

As at 30 June 2016, Harmony's attributable gold equivalent mineral reserves were 36.9Moz, down from 42.6Moz. The year-on-year mineral reserves reconciliation is shown below.

Gold and gold equivalent mineral reserves reconciliation Tonnes Moz
June 2015 – Gold and gold equivalents 1 325 42.6
Changes during FY16:    
Mined (37) (1.2)
Net effect of changes at operations (153) (4.9)
Gold equivalents 13 0.4
June 2016 – Gold and gold equivalents 1 148 36.9

The detailed FY16 Reserves and resources statement can be downloaded at www.har.co.za/16.

Recent news

Harmony is a dynamic and ever-changing company and our story is continuously evolving. Visit the news and events section of this website to get the latest instalments to the Harmony story. Read more

Annual report

Integrated annual report 2016
Integrated annual report 2016

(HTML & PDFs)

Investor brief

Harmony Investor brief, Feb 2017
May 2017 -
Harmony Investor brief

(PDF - 3.9MB)