Harmony Gold Mining Company Limited (HMY) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Peter Steenkamp, I'm the CEO of Harmony, and it's a pleasure to be here today presenting the half-year results for the six months ended the 31st of December 2022, 23, 22. Okay, I'll just take note of our safe harbour statement. I would like to start with a brief introduction about Harmony and where we operate. Harmony is a 1.4 to 1.5 million ounce specialist gold producer with a growing copper footprint. We are South Africa's largest gold producer by volume with a diversified portfolio of operating assets and projects around South Africa, Papua New Guinea and Australia. These include nine underground mines, two open pit mines and various tailings retreatment operations. our projects present a substantial opportunity as we continue on our growth journey. Various early-stage exploration and advanced-stage projects offer near-term conversion potential, as seen with the Tier 1 Wafi-Golpi project and our recent Eva Copper project acquisition in Australia. Harmony has been operating as an emerging market gold mining specialist for over 72 years. We therefore understand the importance of sustainable mining. With close to 14 million ounces in reserves, Omni's operating model ensures the minerals we extract are converted into shared value for all our stakeholders. To ensure continued positive returns, we directed capital, major capital, towards lower risk and higher margins assets and projects. We have grouped our operations into four business areas, which are our optimized South African underground portfolio, These mines are optimized for cash generation, which will allow Harmony to pursue and fund key projects. Our high-grade South African underground assets, Moab, Katsong, and Mpuneng, and our high-margin South African surface and surface retreatme...