The Harmony of 2011 is well-positioned to deliver on its strategy – capable of generating earnings that fund growth and dividends. Our emphasis is on safe, profitable ounces and important steps have been implemented to ensure these goals are met by:
- Closing high-cost mines, resulting in a better mix of assets
- Commissioning excellent gold mines in South Africa and PNG
- Tailoring each mine’s business plans to its unique requirements
- Proactively addressing industry challenges
- Improving production and productivity
- Increasing our exploration exposure
- Employing an experienced team of people that will deliver value for all stakeholders well into the future
- Delivering value on social initiatives in all areas where the company operates.
Our strategy is to produce 1.8 – 2 million* safe and profitable ounces of gold by 2015. We are on track to meet this target, as detailed in the chairman’s letter and chief executive officer’s review. Our focus is to deliver consistent production results, improve productivity, curb costs and create value for shareholders. |
Harmony is a publicly listed company. The company’s primary listing is on the JSE Limited (share code: HAR) in South Africa. Harmony’s ordinary shares are also listed on stock exchanges in London (HRM), as international depositary receipts (IDRs) in Berlin (HAM1) and Brussels (HMY), and are quoted in the form of American depositary receipts on the New York Stock Exchange (HMY).
At the end of June 2011 the company had issued 430 084 628 (FY10: 428 654 779) ordinary shares and had a market capitalisation of R38.69 billion (US$5.7 billion)
[FY10: R34.89 billion ($4.5 billion)]. |
