Harmony Gold Mining Co. (ADR) (NYSE:HMY)
About Harmony Gold Mining Co. (ADR) (NYSE:HMY) Harmony Gold Mining Company Limited (Harmony) is engaged in underground and surface gold mining and related activities, including exploration, processing and smelting. As at June 30, 2010, its mining operations reported total probable reserves of 48.1 million ounces, primarily from South African sources. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company processed approximately 19.8 million tons of ore. In fiscal 2010, 96% of its total gold production took place in South Africa.
Financials The bar chart reveals the graphical presentation of quarterly revenue of Harmony Gold Mining over the one year period. After looking at chart it is apparent that revenue has increased in the last quarter ended as on December 31, 2010. The Harmony Gold Mining revenue showed steady trend throughout the year. It started with lower revenue and increased up to $404 million in second quarter, it again increased in the third quarter and reached up to $422 million. Largest revenue for Converted Organics was in last quarter that was greater by 2.30 percent as contrasted to third quarter. The revenue in March 31, 2010 was $335 million where as it was $434 million in the last quarter as on September 30, 2010.
The Harmony Gold Mining engendered net income of $46 million in current quarter which is significantly greater than last quarter’s closing net income of $14 million. Moreover, net income has increased which led to increase in EPS for the current quarter. The company’s cash flow from operations (CFO) has increased up to $156 million from last quarter’s ending cash flow of $93 million. This shows that the company is producing more cash than its expenses through its core business units which is a good sign for the investors. Total assets of company mount up to $5.75 billion as of December 30, 2010 and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer liquidity problems and more funds would be available to invest in future profitable opportunities.
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