Harmony Gold Mining Company Limited (HMY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning or good afternoon wherever you may be across the world. I am Peter Steenkamp, CEO of Harmony. Thank you for joining us virtually today as we present our interim results for the half year ended 31st of December 2023 or the current reporting period. Please take note of our safe statement. Let me begin with a summary to remind you who we are and what our strategy is. Almond is a specialized gold producer with a growing international copper footprint. We also produce small amounts of silver and uranium. We have over 73 years of gold mining experience in South Africa and have been operating for over two decades in Papua New Guinea. Our strategy is aimed at producing safe, profitable ounces and improving margins through operational excellence and value-creative acquisitions. Our mineral resources and mineral reserves declaration of 138 million ounces and 39 million ounces, respectively, presents an incredible opportunity to convert the quality ounces into shared value for our shareholders and stakeholders. Our gold tailings retreatment business, or recycling as you may know it, is the largest globally and is set to grow, supporting the circular economy. The Tier 1 Mwafi Gold Blue project in Papua New Guinea and Eva Copper in Australia give Harmony a sizeable copper and gold footprint, which will be transformational. Currently, our diversified portfolio of operating assets, including nine underground mines, two open pit mines, and a significant tailings retreatment business. Production comes from four business areas, namely our South African high-grade underground mines, our South African optimized underground mines, a large and growing surface sources business in South Africa, and a growing international copper gold portfolio, of which Hidden Valley is the onl...