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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (38655)	8/5/2002 11:22:41 AM
From: Frederick Langford	Read Replies (1) \| Respond to of 52237

Note: To convert SA cents to US divide by about 10.2 HARMONY DECLARES TOTAL DIVIDEND OF 500 CENTS (UP 317% YEAR ON YEAR) ON THE BACK OF EXCELLENT QUARTERLY PERFORMANCE Johannesburg, 5 August 2002 – Harmony Gold Mining Company Limited today reported improved record operational profits for the fifth quarter in a row. Earnings per share increased by 4% to 402 cents. Earnings after write-downs for the past financial year totals 1 094 cents, an increase of 882% from the 111,5 cents reported for the previous financial year. A dividend of 425 cents per ordinary share, being the final dividend, was declared. This dividend together with the 75 cents interim dividend announced in December 2001, totals 500 cents for the financial year. Harmony increased production to 2,7 million ounces, an increase of 25% year on year. For the new financial year, the company expects to produce some 3,1 million ounces, a further increase of 16%. Quarter on quarter, the company’s cash operating profit increased by 25% from R850.9 million to R1 067,7 million. Kilograms recovered was 17% higher at 24 390 kg compared to the 20 936 kg for the previous quarter. This was mainly due to improved operational performance by the Free State, Elandskraal and Free Gold operations and the inclusion of Hill 50 in Australia. Measured in R/kg terms, working cost decreased by 9% from R65 392/kg to R59 574/kg, whilst in R/tonne terms, working costs decreased from R228/tonne to R210/tonne. The company achieved a US$130 or 42% profit margin with cash costs of US$178/oz. When measured in US$ terms, working Web site: www.harmony.co.za ISIN No.: ZAE000015228 JSE: HAR NASDAQ: HGMCY Fred