Harmony Gold Mining Company Limited provided earnings guidance for the financial year ended June 30, 2022. For the year, the company expects loss per share to be between 160 ZAR cents to 189 ZAR cents, which is a decrease of more than 100% on the earnings of 842 ZAR cents per share for the previous comparable period. In US dollar terms, the loss per share is expected to be between 8 US cents to 9 US cents, which is a decline of more than 100% on earnings of 54 US cents per share reported for the previous comparable period.

Headline earnings per share is expected to be between 461 ZAR cents and 549 ZAR cents, which represents a decrease of between 53% and 44% from the headline earnings per share of 987 ZAR cents reported in the previous comparable period. In US dollar terms, the headline earnings per share is expected to be between 30 US cents and 35 US cents per share, which is a decrease of between 53% and 45% on the headline earnings of 64 US cents per share reported for the previous comparable period. Basic earnings for fiscal year 2022 will be lower than for the year ended 30 June 2021 (the previous comparable period or fiscal year 2021) primarily due to: a non-recurring gain on bargain purchase of ZAR 303 million (USD 18 million) in fiscal year 2021, which was due to the acquisition of the assets and liabilities of Mponeng operations and related assets; a decreased gross profit as a result of higher production costs, as well as a higher impairment loss that has been recognised on property, plant and equipment and goodwill; a translation loss on the USD denominated debt at 30 June 2022, compared to a gain at 30 June 2021; and a lower derivative gain recorded in fiscal year 2022 compared to fiscal year 2021.