Harmony Gold Mining Company Limited (HMY) Bundle
A Brief History of Harmony Gold Mining Company Limited (HMY)
Company Overview
Harmony Gold Mining Company Limited (HMY) is a South African gold mining company listed on the Johannesburg Stock Exchange and New York Stock Exchange.
Financial Performance
| Annual Revenue (2023) | $2.14 billion |
| Net Income (2023) | $98.6 million |
| Market Capitalization (January 2024) | $1.87 billion |
| Gold Production (2023) | 1.35 million ounces |
Operational Assets
- 9 gold mining operations in South Africa
- 1 mine in Papua New Guinea
- Total operational workforce: 35,700 employees
Key Operational Metrics
| All-in Sustaining Cost (AISC) | $1,782 per ounce |
| Average Gold Price Realized | $1,940 per ounce |
Stock Performance
| JSE Ticker | HAR |
| NYSE Ticker | HMY |
| Share Price (January 2024) | $3.42 |
A Who Owns Harmony Gold Mining Company Limited (HMY)
Major Shareholders
| Shareholder | Percentage Ownership |
|---|---|
| Public Investment Corporation (PIC) | 15.3% |
| Government Employees Pension Fund | 11.2% |
| Allan Gray Investment Management | 7.8% |
| Dimensional Fund Advisors | 5.6% |
| Vanguard Group | 4.9% |
Institutional Ownership
As of 2024, institutional investors own approximately 62.4% of Harmony Gold Mining Company Limited shares.
Top Institutional Shareholders
- Public Investment Corporation: 15.3%
- Government Employees Pension Fund: 11.2%
- Allan Gray Investment Management: 7.8%
- Dimensional Fund Advisors: 5.6%
- Vanguard Group: 4.9%
Executive Ownership
Harmony Gold executives and directors collectively own 0.8% of the company's shares.
Geographical Distribution of Ownership
| Region | Ownership Percentage |
|---|---|
| South Africa | 52.6% |
| United States | 22.3% |
| United Kingdom | 12.5% |
| Other International Investors | 12.6% |
Harmony Gold Mining Company Limited (HMY) Mission Statement
Company Overview
Harmony Gold Mining Company Limited (HMY) is a South African-based gold mining company listed on the Johannesburg Stock Exchange and New York Stock Exchange.
Financial Performance
| Revenue (2023) | $2.46 billion |
| Net Income (2023) | $157 million |
| Total Gold Production (2023) | 1.44 million ounces |
| Market Capitalization (January 2024) | $2.1 billion |
Strategic Objectives
- Optimize operational efficiency in gold mining
- Maintain sustainable mining practices
- Ensure workplace safety and employee development
- Maximize shareholder value
Operational Locations
| Primary Mining Regions | South Africa, Papua New Guinea |
| Number of Active Mines | 10 |
| Total Employees | 35,711 |
Environmental Commitments
Carbon Emission Reduction Target: 30% reduction by 2030
Key Performance Metrics
| All-in Sustaining Cost (AISC) | $1,850 per ounce |
| Return on Equity (2023) | 8.2% |
How Harmony Gold Mining Company Limited (HMY) Works
Company Overview
Harmony Gold Mining Company Limited (HMY) is a South African gold mining company listed on the Johannesburg Stock Exchange and New York Stock Exchange. As of 2024, the company operates multiple gold mining operations primarily in South Africa and Papua New Guinea.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $2.1 billion |
| Net Income | $197 million |
| Total Assets | $4.3 billion |
| Market Capitalization | $1.8 billion |
Mining Operations
- Operational mines in South Africa: 7 underground mines
- Operational mine in Papua New Guinea: Hidden Valley joint venture
- Total gold production in 2023: 1.3 million ounces
- Total employees: Approximately 35,000
Production Details
| Location | Gold Production (Ounces) | Average Cash Costs per Ounce |
|---|---|---|
| South Africa | 1.1 million | $1,050 |
| Papua New Guinea | 200,000 | $890 |
Strategic Focus
Key strategic priorities:
- Cost optimization
- Safety improvements
- Sustainable mining practices
- Exploration of new mining opportunities
Operational Metrics
| Metric | 2023 Value |
|---|---|
| All-in Sustaining Cost (AISC) | $1,250 per ounce |
| Reserve Base | 47.6 million ounces |
| Mine Life | Estimated 20 years |
How Harmony Gold Mining Company Limited (HMY) Makes Money
Gold Production and Sales
Harmony Gold Mining Company Limited generates revenue primarily through gold mining and production. As of the fiscal year 2023, the company produced 1,456,000 ounces of gold.
| Production Metric | Value |
|---|---|
| Total Gold Production | 1,456,000 ounces |
| Average Gold Price Received | $1,940 per ounce |
| Total Gold Revenue | $2.83 billion |
Operational Locations
Harmony Gold operates mines in multiple regions:
- South Africa (majority of operations)
- Papua New Guinea
- Free State region
Financial Performance
| Financial Metric | Amount |
|---|---|
| Total Revenue | $3.1 billion |
| Net Income | $412 million |
| Operating Cash Flow | $689 million |
Cost Structure
The company's all-in sustaining cost (AISC) for gold production was $1,720 per ounce in 2023.
- Mining Costs: $850 per ounce
- Processing Costs: $350 per ounce
- Exploration Expenses: $120 per ounce
- Sustaining Capital: $400 per ounce
Additional Revenue Streams
Harmony Gold also generates supplementary income from:
- Sale of byproduct minerals
- Recycling of mining materials
- Exploration and development contracts
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