Harmony Gold Mining Company Limited (HMY) 20-F 31 Oct 24 2024 FY Annual report (foreign) Financial data

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Auditor [Line Items]
Auditor Name	Ernst & Young Inc	PricewaterhouseCoopers Inc
Auditor Location	Johannesburg, Republic of South Africa	Johannesburg, Republic of South Africa
Auditor Firm ID	1698	1308

Cover (Details)

Cover (Details)	12 Months Ended
	Jun. 30, 2024 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-31545
Entity Registrant Name	HARMONY GOLD MINING COMPANY LIMITED
Entity Incorporation, State or Country Code	T3
Entity Address, Address Line One	CNR WARD AVENUE AND MAIN REEF ROAD
Entity Address, Address Line Two	RANDFONTEIN OFFICE PARK
Entity Address, City or Town	RANDFONTEIN
Entity Address, Country	ZA
Entity Address, Postal Zip Code	1759
Entity Common Stock, Shares Outstanding	632,634,413
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001023514
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--06-30
NEW YORK STOCK EXCHANGE, INC.
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, with no par value per share
Security Exchange Name	NYSE
No Trading Symbol Flag	true
NEW YORK STOCK EXCHANGE, INC. | 8880 American Depositary Receipts
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares (as evidenced by American Depositary Receipts), each representing one ordinary share
Trading Symbol	HMY
Security Exchange Name	NYSE
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	CNR Ward Avenue and Main Reef Road
Entity Address, Address Line Two	Randfontein Office Park
Entity Address, City or Town	Randfontein
Entity Address, Country	ZA
Entity Address, Postal Zip Code	1759
Contact Personnel Name	Shela Mohatla
City Area Code	+27 11
Local Phone Number	411 2359
Contact Personnel Email Address	shela.mohatla@harmony.co.za
Contact Personnel Fax Number	+27 11 696 9734

Group Income Statement

Group Income Statement - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Profit or loss [abstract]
Revenue	R 61,379	R 49,275	R 42,645
Cost of sales	(47,233)	(39,535)	(41,927)
Production costs	(38,923)	(34,866)	(33,099)
Amortisation and depreciation	(4,642)	(3,454)	(3,683)
Impairment of assets	(2,793)	0	(4,433)
Other items	(875)	(1,215)	(712)
Gross profit	14,146	9,740	718
Corporate, administration and other expenditure	(1,294)	(1,044)	(984)
Exploration expenditure	(1,047)	(506)	(214)
Gains/(losses) on derivatives	453	(194)	53
Foreign exchange translation gain/(loss)	97	(634)	(327)
Other operating expenses	(679)	(268)	(1)
Operating profit/(loss)	11,676	7,094	(755)
Acquisition-related costs	0	(214)	0
Share of profits from associate	81	57	63
Investment income	809	663	352
Finance costs	(796)	(994)	(718)
Profit/(loss) before taxation	11,770	6,606	(1,058)
Taxation	(3,082)	(1,723)	46
Net profit/(loss) for the year	8,688	4,883	(1,012)
Attributable to:
Non-controlling interest	101	63	40
Owners of the parent	R 8,587	R 4,820	R (1,052)
Earnings/(loss) per ordinary share (cents)
Total earnings/(loss)	R 13.86	R 7.80	R (1.72)
Diluted earnings/(loss) per ordinary share (cents)
Total earnings/(loss)	R 13.64	R 7.77	R (1.72)

Group Statement of Comprehensiv

Group Statement of Comprehensive Income - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of comprehensive income [abstract]
Net profit/(loss) for the year	R 8,688	R 4,883	R (1,012)
Other comprehensive income for the year, net of income tax	(1,420)	(80)	202
Items that may be reclassified subsequently to profit or loss	(1,442)	(110)	171
Foreign exchange translation gain/(loss)	(943)	1,123	742
Remeasurement of gold hedging contracts	(499)	(1,233)	(571)
Items that will not be reclassified to profit or loss	22	30	31
Total comprehensive income for the year	7,268	4,803	(810)
Attributable to:
Non-controlling interest	101	63	40
Owners of the parent	R 7,167	R 4,740	R (850)

Group Balance Sheet

Group Balance Sheet - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Non-current assets
Property, plant and equipment	R 41,348	R 41,507
Intangible assets	19	33
Restricted cash and investments	6,494	6,121
Investments in associates	165	111
Deferred tax assets	140	189
Other non-current assets	344	332
Derivative financial assets	453	269
Total non-current assets	48,963	48,562
Current assets
Inventories	3,603	3,265
Restricted cash and investments	39	41
Trade and other receivables	2,604	2,395
Derivative financial assets	558	110
Cash and cash equivalents	4,693	2,867
Total current assets	11,497	8,678
Total assets	60,460	57,240
Share capital and reserves
Attributable to equity holders of the parent company	40,774	34,757
Share capital and premium	32,934	32,934
Other reserves	5,602	6,778
Retained earnings/(accumulated loss)	2,238	(4,955)
Non-controlling interest	175	123
Total equity	40,949	34,880
Non-current liabilities
Deferred tax liabilities	2,951	2,294
Provision for environmental rehabilitation	5,155	5,473
Other provisions	526	633
Borrowings	1,785	5,592
Contingent consideration liability	850	589
Other non-current liabilities	276	337
Derivative financial liabilities	609	470
Streaming contract liability	0	105
Total non-current liabilities	12,152	15,493
Current liabilities
Other provisions	19	180
Borrowings	9	103
Trade and other payables	5,629	5,238
Contingent consideration liability	115	0
Derivative financial liabilities	1,502	1,061
Streaming contract liability	85	285
Total current liabilities	7,359	6,867
Total equity and liabilities	R 60,460	R 57,240

Group Statement of Changes in S

Group Statement of Changes in Shareholders' Equity R in Millions	ZAR (R) shares	Share capital and premium ZAR (R) shares	Share capital and premium Management DSP shares	Share capital and premium Katleho ya Moruo Employee Share Ownership Plan shares	Retained earnings/(Accumulated loss) ZAR (R)	Other reserves ZAR (R)	Non-controlling interests [member] ZAR (R)
Beginning balance (in shares) at Jun. 30, 2021 | shares		616,052,197
Beginning balance Parent at Jun. 30, 2021		R 32,934			R (8,173)	R 6,399
Beginning balance NCI at Jun. 30, 2021							R 54
Beginning balance Equity at Jun. 30, 2021	R 31,214
Number of share options granted in share-based payment arrangement | shares			473,505
Share-based payments	143					143
Net profit (loss) for the year attributable to owners of parent	(1,052)				(1,052)
Profit (loss), attributable to non-controlling interests	40						40
Net profit/(loss) for the year	(1,012)
Other comprehensive income, attributable to owners of parent						202
Other comprehensive income, attributable to non-controlling interests							0
Other comprehensive income for the year	202
Dividends paid	R (430)				(414)		(16)
Ending balance (in shares) at Jun. 30, 2022 | shares	616,526,000	616,525,702
Ending balance Parent at Jun. 30, 2022		R 32,934			(9,639)	6,744
Ending balance NCI at Jun. 30, 2022							78
Ending balance Equity at Jun. 30, 2022	R 30,117
Number of share options granted in share-based payment arrangement | shares			1,546,270
Share-based payments	114					114
Net profit (loss) for the year attributable to owners of parent	4,820				4,820
Profit (loss), attributable to non-controlling interests	63						63
Net profit/(loss) for the year	4,883
Other comprehensive income, attributable to owners of parent						(80)
Other comprehensive income, attributable to non-controlling interests							0
Other comprehensive income for the year	(80)
Dividends paid	R (154)				(136)		(18)
Ending balance (in shares) at Jun. 30, 2023 | shares	618,072,000	618,071,972
Ending balance Parent at Jun. 30, 2023	R 34,757	R 32,934			(4,955)	6,778
Ending balance NCI at Jun. 30, 2023	123						123
Ending balance Equity at Jun. 30, 2023	34,880
Number of share options granted in share-based payment arrangement | shares			1,910,916	12,651,525
Share-based payments	244					244
Partial purchase of non-controlling interest	(6)						(6)
Net profit (loss) for the year attributable to owners of parent	8,587				8,587
Profit (loss), attributable to non-controlling interests	101						101
Net profit/(loss) for the year	8,688
Other comprehensive income, attributable to owners of parent						(1,420)
Other comprehensive income, attributable to non-controlling interests							0
Other comprehensive income for the year	(1,420)
Dividends paid	R (1,437)				(1,394)		(43)
Ending balance (in shares) at Jun. 30, 2024 | shares	632,634,000	632,634,413
Ending balance Parent at Jun. 30, 2024	R 40,774	R 32,934			R 2,238	R 5,602
Ending balance NCI at Jun. 30, 2024	175						R 175
Ending balance Equity at Jun. 30, 2024	R 40,949

Group Cash Flow Statement

Group Cash Flow Statement - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Cash flow from operating activities
Cash generated by operations	R 18,175	R 10,589	R 7,378
Dividends received	27	75	74
Interest received	343	165	87
Interest paid	(507)	(363)	(319)
Income and mining taxes paid	(2,388)	(518)	(296)
Cash generated by operating activities	15,650	9,948	6,924
Cash flow from investing activities
Increase in restricted cash and investments	(21)	(138)	(128)
Amounts refunded from restricted cash and investments	120	58	53
Acquisition of Eva Copper	0	(2,996)	0
Payment of Mponeng contingent consideration liability	(108)	0	0
ARM BBEE Trust loan repayment	(42)	(74)	(65)
Proceeds from disposal of property, plant and equipment	4	46	24
Additions to property, plant and equipment	(8,398)	(7,640)	(6,214)
Cash utilised by investing activities	(8,361)	(10,596)	(6,200)
Cash flow from financing activities
Borrowings raised	300	3,619	3,057
Borrowings repaid	(4,047)	(2,071)	(3,601)
Partial repurchase of non-controlling interest	(5)	0	0
Dividend paid	(1,437)	(154)	(430)
Lease payments	(246)	(200)	(177)
Cash generated/(utilised) by financing activities	(5,435)	1,194	(1,151)
Foreign currency translation adjustments	(28)	(127)	56
Net increase/(decrease) in cash and cash equivalents	1,826	419	(371)
Cash and cash equivalents – beginning of year	2,867	2,448	2,819
Cash and cash equivalents – end of year	R 4,693	R 2,867	R 2,448

General Information

General Information	12 Months Ended
	Jun. 30, 2024
Disclosure Of General Information About Financial Statements [Abstract]
General Information	General information Harmony Gold Mining Company Limited (the company) and its subsidiaries (collectively Harmony or the group) are engaged in gold mining and related activities, including exploration, extraction and processing. Gold bullion, the group’s principal product, is currently produced at its operations in South Africa and Papua New Guinea (PNG). Uranium and silver are produced as by-products. The company is a public company, incorporated and domiciled in South Africa. The address of its registered office is Randfontein Office Park, Corner Main Reef Road and Ward Avenue, Randfontein, 1759. The consolidated financial statements were authorised for issue by the board of directors on 25 October 2024.

Critical Accounting Estimates a

Critical Accounting Estimates and Judgements	12 Months Ended
	Jun. 30, 2024
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Critical Accounting Estimates and Judgements	Critical accounting estimates and judgements The preparation of the financial statements in conformity with IFRS requires the group’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Key accounting estimates and assumptions applied: • Estimate of taxation – note 11 • Recognition of deferred tax asset – note 11 and 13 • Valuation of cash generating units acquired – note 13 • Fair value of identifiable net assets acquired – note 13 • Estimate of deferred tax rates on acquisition date – note 13 • Gold mineral reserves and resources – note 14 • Production start date – note 14 • Stripping activities – note 14 • Impairment of assets – note 14 • Depreciation of property, plant and equipment – note 14 • Exploration and evaluation assets – note 14 • Provision for stock obsolescence – note 21 • Estimate of exposure and liabilities with regard to rehabilitation costs – note 24 • Estimate of provision for silicosis settlement – note 25 • Leases – note 26 • Valuation of contingent consideration liability – note 27 • Streaming contract liability – note 29 • Assessment of contingencies – note 36 • Valuation of derivative financial instruments – note 37. Other accounting estimates and assumptions applied: • Valuation of interest in associate – note 19 • Estimate of employee benefit liabilities – note 25 • Fair value of share-based payments – note 34.

Revenue

Revenue	12 Months Ended
	Jun. 30, 2024
Revenue [abstract]
Revenue	Revenue Accounting policy (a) Commodities Revenue from metal sales include the sale of gold, silver and uranium. Revenue from metal sales is recognised when the group satisfies its performance obligations under its contract with the customer, by transferring such metals to the customer's control. Transfer of control is generally determined to be when the risk and title to the metals passes to the customer. Revenue is measured based on the consideration specified in the contract with the customer and is driven by the quoted market prices of the metals. (b) Toll treatment The group has entered into agreements with various third parties to treat gold-bearing material at certain of the group's metallurgical plants in South Africa. The determination of the consideration receivable is set out in each individual contract, based on the third parties' specific circumstances. Revenue from toll treatment services is recognised as the group satisfies its single performance obligation under its contract with the third parties, which is the recovery of the gold through the treatment process and the facilitation of the ultimate sale of recovered gold. This is satisfied over time. The gold-bearing material, and thereafter recovered gold, remains at all times under control of the third parties until the ultimate sale of the recovered gold. Harmony therefore acts as agent in treating the gold-bearing material. Settlement is done in the month following the sale of gold (see below). Subsequent to treatment, the group delivers the recovered gold on behalf of the third parties to Rand Refinery for further refining, whereafter it is sold. The group acts as an agent in the sales process, receiving payment on behalf of the third parties before transferring the amounts owed to them. (c) Hedging The effective portion of gains or losses on the derivatives designated as cash flow hedging items (forecast sales transactions) are recognised in revenue when the forecast sales transactions occur. See the accounting policy for derivatives and hedging activities in note 2. SA Rand Figures in million 2024 2023 2022 Commodities Gold (a) 59 212 47 366 40 774 Silver (b) 1 667 1 021 663 Uranium (c) 866 304 240 61 745 48 691 41 677 Toll treatment services (d) 576 430 — Revenue from contracts with customers 62 321 49 121 41 677 Consideration from streaming contract (e) 323 338 471 Hedging gain/(loss) (f) (1 265) (184) 497 Total revenue 1 61 379 49 275 42 645 1 A geographical analysis of revenue is provided in the segment report. Refer to note 39 for further information. Revenue from contracts with customers The points of transfer of control are as follows: Gold: South Africa (excluding streaming contract) Gold is delivered and a certificate of sale is issued. Gold and silver: Hidden Valley Metal is collected from Hidden Valley and a confirmation of collection is sent to and accepted by the customer. Uranium Confirmation of transfer is issued. Toll treatment services As the gold-bearing material is treated and processed over time. Streaming contract Gold is delivered and credited into the Franco-Nevada designated gold account. 4 Revenue continued (a) The increase in gold revenue during the 2024 financial year is due to the average dollar gold price increasing by 10.6%, from US$1 808/oz in the 2023 year to US$1 999/oz in 2024. Further to this there was a 5.5% increase in gold sold from 45 690kg to 48 222kg. The weakening of the Rand/US$ exchange rate from an average of R17.76/US$ to R18.70/US$ resulted in a 5.3% increase in revenue. The increase in gold revenue during the 2023 financial year is mainly due to the weakening of the Rand/US$ exchange rate from an average of R15.21/US$ to R17.76/US$. The average gold spot price increased by 17%, from R883 453/kg in 2022 to R1 036 682/kg in 2023. The increase in revenue was partially offset by the closure of Bambanani in June 2022, which contributed revenue of R1 286 million in 2022. (b) Silver is mainly derived from the Hidden Valley mine in Papua New Guinea. The increase in silver revenue in the 2024 financial year is mainly due to an increase in production of 39% to 114 240kg from 82 093kg in 2023. In addition, the average dollar silver price increased by 12.9% from US$21.89/oz in 2023 to US$24.72/oz. The increase in silver revenue in the 2023 financial year is due to an increase in production of 38% to 82 093kg from 59 489kg in 2022. This was due to a general improvement in the operating environment at Hidden Valley. The average silver price increased by 10.7% to R12 505/kg in 2023. (c) Uranium is derived from the Moab Khotsong operation. The increase is driven by kilograms produced and the average uranium price. Uranium produced increased by 12.7% to 267 667kg from 237 438kg in 2023, together with an increase in the average uranium price of 59.2% to R3 121/kg from R1 960/kg. Uranium produced increased by 41.6% to 237 438kg from 167 696kg in 2022 and the average uranium price increased by 29.5% to R1 960/kg in 2023. (d) The fees for services rendered for the treatment of third-party gold-bearing material at the Doornkop and Moab Khotsong operations. Production from third parties increased from 2 392kg in 2023 to 2 840kg in 2024 resulting in an increase in toll treatment services income of R116 million while management fees increased by R30 million. (e) The streaming arrangement results in the non-cash consideration recognised as part of revenue for the streaming arrangement. Refer to note 29 for further information . (f) The realised effective portion of the hedge-accounted gold derivatives was impacted by the average gold market spot price of R1 249 344/kg (2023: R1 045 527/kg) during the 2024 financial year compared to the average forward price of matured contracts of R1 134 735/kg (2023: R1 028 764/kg). Refer to note 17 for further information.

Cost of Sales

Cost of Sales	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Cost of Sales	Cost of sales SA Rand Figures in million 2024 2023 2022 Production costs (a) 38 923 34 866 33 099 Amortisation and depreciation of mining assets (b) 4 546 3 355 3 622 Amortisation and depreciation of assets other than mining assets 96 99 61 Rehabilitation expenditure (c) 3 32 136 Care and maintenance costs of restructured shafts 246 227 273 Employment termination and restructuring costs (d) 86 597 218 Share-based payments (e) 171 51 143 Impairment of assets (f) 2 793 — 4 433 Toll treatment costs (g) 420 323 — Other (51) (15) (58) Total cost of sales 47 233 39 535 41 927 (a) Production costs include mine production, transport and refinery costs, applicable general administrative costs, movement in inventories and ore stockpiles, ongoing environmental rehabilitation costs and transfers for stripping activities. Employee termination costs are included, except for employee termination costs associated with major restructuring and shaft closures, which are separately disclosed. Production costs increased by R4 057 million (12% year on year) during the 2024 year. These costs increased mainly due to inflationary pressures on costs including labour, contractors and electricity. Labour costs were also impacted by bonuses related to higher production. The royalty tax increased due to a higher rate being applied due to higher profits, as well as the increased revenue base to which it is applied. A decrease in the stripping activities of Hidden Valley’s stage 7 also impacted the total, resulting in a lower credit to production costs. 5 Cost of sales continued (a) Production costs continued The overall increase in production costs was offset by a change in inventory as a result of higher gold stock volume in the South African operations, together with a higher cost per kilogram attributable to the gold stock at Hidden Valley. Production costs increased by R1 767 million (5% year on year) during 2023. These costs increased mainly due to inflationary pressures on costs including labour, electricity and consumables costs. The royalty tax increased due to a higher rate being applied due to higher profits, as well as the increased revenue base to which it is applied. The increase in production costs was offset by the closure of Bambanani at the end of June 2022 as well as an increase of R408 million in the capitalised stripping credit at Hidden Valley. Production costs, analysed by nature, consist of the following: SA Rand Figures in million 2024 2023 2022 Labour costs, including contractors 21 333 19 760 19 350 Consumables 10 101 9 982 8 581 Water and electricity 7 633 6 342 6 009 Insurance 293 551 230 Transportation 517 281 185 Change in inventory (487) (11) 21 Capitalisation of mine development costs (2 315) (2 349) (2 576) Stripping activities (892) (1 514) (1 096) Royalty expense - regulatory 1 277 652 360 Other 1 463 1 172 2 035 Total production costs 38 923 34 866 33 099 (b) The increased depreciation for the 2024 year was mainly due to higher production at the Hidden Valley and Kalgold operations, primarily for stripping activities, with an increase of R535 million year on year. A further increase relates to assets brought into use during the year, in addition to the impact of the increased production and the year-on-year change in the reserve tonnes which is used to calculate depreciation based on the units-of-production method. The decrease for the 2023 year is predominantly due to impairment of assets recognised in the 2022 year which reduced the carrying value of mining assets of certain operations (refer to (f) below), resulting in lower depreciation for the 2023 year. Additionally, the closure of Bambanani in June 2022 resulted in no depreciation in 2023 compared to R84 million in 2022. (c) For the assumptions used to calculate the rehabilitation costs, refer to note 24. This expense includes the change in estimate for the rehabilitation provision where an asset no longer exists as well as costs related to the rehabilitation process. For 2024, R92 million (2023: R90 million) (2022: R65 million) was spent on rehabilitation in South Africa. Refer to note 24. (d) Employment termination and restructuring cost decreased in 2024 as a result of fewer employees taking up voluntary severance packages compared to the 2023 year. The higher costs in 2023 were attributable to the voluntary severance packages that were taken up following the disaggregation of the Tshepong Operations into Tshepong North and Tshepong South and the closure of Bambanani in June 2022. (e) Refer to note 34 for details on the share-based payment schemes implemented by the group. (f) Management performed an assessment for indicators of impairment as well as indicators of reversal of previously recorded impairment losses in terms of IAS 36 Impairment of Assets . Specific circumstances surrounding each of the individual cash generating units (CGUs) were considered in this assessment in order to identify significant changes in the current financial year. The Target 1 and Doornkop CGUs experienced operational issues during the year ended 30 June 2024. Additionally, there were significant adverse changes to Doornkop's life-of-mine (LOM) plan. These operational issues and the changes in the LOM plan of Doornkop were considered to be indicators of potential impairment and therefore an impairment assessment was performed for the Target 1 and Doornkop CGUs. 5 Cost of sales continued (f) Impairment of assets continued Subsequent to 30 June 2024, management received information relating to the preliminary results of the exploration drilling programme conducted for Target North. These preliminary results indicated that a decrease of the mineral resource estimation attributable to Target North is likely. The decrease in the attributable ounces indicated by the preliminary results constitutes an indication of impairment. Even though the information was received after the reporting date, it has been assessed to be an adjusting event in terms of IAS 10, Events after the Reporting Date , as it provides more reliable information of circumstances that already existed as at 30 June 2024. Therefore an impairment assessment was also performed for Target North. For the 2023 financial year, impairment assessments were performed for the Target 1, Kalgold and Kusasalethu CGUs as a result of the operational issues experienced. As a result of the group net asset value exceeding Harmony's market capitalisation as at 30 June 2022, impairment assessments were performed for all CGUs as at 30 June 2022. The recoverable amounts for the CGUs tested were determined on a fair value less cost to sell basis using assumptions in the discounted cash flow models and attributable resource values. These are fair value measurements classified as level 3 of the fair value hierarchy. Where CGUs had previously been impaired, management considered indicators of whether the impairment loss (or the contributors to the previously recognised impairment loss) no longer exists or might have decreased. Management considered general and specific factors for each CGU and concluded that although overall the gold price had improved from the time that the impairment losses had been recognised, the specific circumstances that led to the original impairments had not reversed. Furthermore, the service potential of the asset has not increased. Management therefore deemed it appropriate for no reversal of previously recognised impairment losses to be recorded for the year ended 30 June 2024. There also was no reversal of impairment for the 2023 or 2022 financial years. Refer to note 14 for further information. The impairment of assets consists of the following: SA Rand Figures in million 2024 2023 2022 Tshepong North — — 2 296 Tshepong South — — 1 326 Moab Khotsong — — 522 Kusasalethu — — 145 Bambanani — — 144 Target North 2 793 — — Total impairment of assets 2 793 — 4 433 The Tshepong Operations were disaggregated into two separate CGUs being the Tshepong North CGU and the Tshepong South CGU, for impairment testing at 30 June 2022. The operations were right-sized to ensure smaller albeit more profitable mines. The recoverable amount of the CGU where the impairment was recognised as at 30 June 2024 is as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Target North Target North is a greenfields exploration project. The impairment was as a result of information received during August 2024 by management relating to the preliminary results of the exploration drilling programme conducted. These preliminary results indicated a decrease in the mineral resource estimation. The mineral resource estimate used to determine the recoverable amount of Target North changed from the previous estimate of 56.4 million resource ounces, consisting of 22 million indicated resources and 34.4 million inferred resources, to the current mineral resource estimate of 13.8 million ounces of inferred resources. The gold resource multiple price in US dollar terms was unchanged from previous assessments. Any reasonable possible changes to the unobservable inputs of the mineral resource estimate for Target North would have resulted in immaterial changes. — 888 888 5 Cost of sales continued (f) Impairment of assets continued The recoverable amounts of the CGUs where impairments were recognised as at 30 June 2022 are as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Tshepong South For Tshepong South, the individual life-of-mine plan included additional capital to address flexibility constraints at the operation. Costs also increased significantly as a result of inflationary pressures. These changes along with a higher post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations), negatively affected the discounted cash flows used to determine the recoverable amount of the operation. 1 645 — 1 645 Tshepong North The impairment of Tshepong North was as a result of increased cost of both production and capital expenditure and an increased post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations). The recoverable amount was also affected by the reclassification of production for the sub-75 level from reserves in the life-of-mine plan to the resource base, which is subject to a higher discount rate of 13.75% (2021: 12.02%). 1 088 850 1 938 Moab Khotsong The updated life-of-mine plan included an increase in working and capital costs as a result of inflationary pressures. The updated life-of-mine plan also includes additional capital expenditure which relates to the Zaaiplaats project after finalisation of its detailed design plan during the 2022 financial year. This impacted the discounted cash flows used to determine the recoverable amount of the operation. The recoverable amount was further impacted by an increased post-tax discount rate of 10.44% (2021: 9.35%). 3 748 — 3 748 Kusasalethu A decrease in tonnes combined with a decrease in grade over the remainder of the life-of-mine of the operation led to a decrease in gold production. The reduction is due to an updated plan to mitigate safety risks that exist at the operation. 806 — 806 Bambanani The life-of mine plan of the operation was revised in the period ended 31 December 2021, bringing the closure of the operation forward from June 2024 to June 2022. This was as a result of the increased seismicity and related risk increasing as pillars were mined out. At 31 December 2021, the post-tax recoverable amount was derived from expected cash flows as per the life-of-mine plans and amounted to R36 million. The recoverable amount is now Rnil, as the operation was closed down during June 2022. The assumptions used in the December impairment assessment included a gold price of US$1 782/oz, an exchange rate of R15.36/US$1, a final gold price of R880 000/kg and a post-tax real discount rate of 12.59%. This resulted in a post-tax recoverable amount of R36 million at 31 December 2021. — — — (g) Relates to costs associated with services rendered for the treatment of third-party gold-bearing material. Refer to note 4 for further detail.

Corporate, Administration and O

Corporate, Administration and Other Expenditure	12 Months Ended
	Jun. 30, 2024
Corporate, Administration and Other Expenditure [Abstract]
Disclosure of Corporate, administration and other expenditure [text block]	Corporate, administration and other expenditure SA Rand Figures in million 2024 2023 2022 Professional and legal fees 92 87 61 Compliance and assurance costs 75 63 62 Corporate business development 38 20 39 Corporate office expenditure 1 1 007 847 797 Other corporate and administration expenses 82 27 25 Total corporate, administration and other expenditure 1 294 1 044 984 1 The increase year on year is mainly due to annual inflationary increases and higher annual incentives.

Foreign Exchange Translation Ga

Foreign Exchange Translation Gain/(Loss)	12 Months Ended
	Jun. 30, 2024
Foreign Exchange Translation Gain/(Loss) [Abstract]
Disclosure of effect of changes in foreign exchange rates [text block]	Foreign exchange translation gain/(loss) SA Rand Figures in million 2024 2023 2022 Borrowings (a) 83 (820) (411) Other items (b) 14 186 84 Total foreign exchange translation gain/(loss) 97 (634) (327) (a) The gain in 2024 was predominantly caused by favourable translations on US dollar loan balances. The favourable translations on US dollar loans are attributable to the Rand strengthening against the US dollar, evidenced by a closing exchange rate of R18.19/US$1 (2023: R18.83/US$1) (2022:R16.27 /US$1). The losses in 2023 and 2022 were predominantly caused by unfavourable translations on US dollar loan balances. The unfavourable translations on US dollar loans are attributable to the Rand weakening against the US dollar. Also contributing to the loss for 2023 was the draw down of US$170 million (R2 919 million) during the year for the acquisition of the Eva Copper Project and other assets. Refer to note 30 and 13 respectively for details. (b) This relates mainly to the translation of metal trade receivables and cash denominated in a foreign currency to the functional currencies of the operating entities.

Other Operating Expenses

Other Operating Expenses	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Other Operating Expenses	Other operating expenses SA Rand Figures in million 2024 2023 2022 Social investment expenditure 185 208 145 Loss on scrapping of property, plant and equipment (a) 97 182 7 Silicosis settlement provision (b) (174) (183) 23 Loss allowance 35 4 22 Remeasurement of contingent consideration (c) 484 64 (61) Income from third-party toll treatment fee (d) — — (25) Other (income)/expense – net (e) 52 (7) (110) Total other operating expenses 679 268 1 (a) These losses arise from the derecognition of property, plant and equipment that is no longer in use. No future economic benefits are expected from the use or disposal of these assets. Refer to note 14 for further detail on the accounting policy as well as the amounts per asset category. (b) Refer to note 25 for details on the movement in the silicosis settlement provision. (c) Refer to note 27 for details on the remeasurement of the contingent consideration. (d) The amount relates to fees received from a third party for the treatment of ore at the Doornkop plant. As of 2023, the income has been disclosed as revenue. (e) The 2024 year mainly comprises of pumping costs of R32 million and profit on the sale of property, plant and equipment of R13 million. There were no such transactions in the 2023 year. The 2022 year mainly comprises of insurance claim proceeds of R83 million and profit on the sale of property, plant and equipment of R24 million.

Investment Income

Investment Income	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Investment Income	Investment income Accounting policy Interest income is recognised on the effective interest method, taking into account the principal outstanding and the effective rate over the period to maturity, when it is determined that such income will accrue to the group. Dividend income is recognised when the shareholder's right to receive payment is established. This is recognised at the last date of registration. Cash flows from interest and dividends received are classified under operating activities in the cash flow statement. SA Rand Figures in million 2024 2023 2022 Interest income from financial assets at amortised cost (a) 690 425 276 Dividend income 15 19 24 Net gain on financial instruments (b) 104 219 52 Total investment income 809 663 352 (a) Interest income increased during 2024 mainly due to highly favourable balances of restricted cash and investments as well as cash on hand and call, as well as higher interest rates on these balances. (b) The net gain primarily relates to the environmental trust funds (refer to note 15) and the ARM BBEE Trust loan (refer to note 16). In 2024, fair value gains on the equity-linked deposits that form part of restricted investments decreased by R89 million mainly due to the performance of the JSE Top 40 index to which they are linked.

Finance Costs

Finance Costs	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Finance Costs	Finance costs SA Rand Figures in million 2024 2023 2022 Financial liabilities Borrowings (a) 426 467 238 Other creditors and liabilities 35 29 22 Total finance costs from financial liabilities 461 496 260 Non-financial liabilities Time value of money for other provisions 68 97 79 Streaming arrangements 18 41 67 Time value of money and inflation component of rehabilitation costs 486 483 377 Total finance costs from non-financial liabilities 572 621 523 Total finance costs before interest capitalised 1 033 1 117 783 Interest capitalised (b) (237) (123) (65) Total finance costs 796 994 718 (a) The decrease in finance costs on borrowings in 2024 is as a result of repayments of borrowings during the 2024 financial year, which resulted in lower balances. The increase in 2023 was due to the US$ drawdowns made and higher interest rates. Refer to note 30 for further detail. (b) The capitalisation rate used to determine capitalised borrowing costs is: Percent (%) 2024 2023 2022 Capitalisation rate 8.2 9.2 6.8

Taxation

Taxation	12 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Taxation	Taxation Accounting policy Taxation is made up of current and deferred taxation. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the group operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax authorities. Deferred taxation is recognised on temporary differences existing at each reporting date between the tax base of all assets and liabilities and their carrying amounts. Substantively enacted tax rates are used to determine future anticipated effective tax rates which in turn are used in the determination of deferred taxation, except to the extent that deferred tax arises from the initial recognition of an asset or liability in a transaction that is not a business combination and does not affect the accounting or taxable profit or loss at the time of the transaction. Deferred tax is charged to profit or loss, except where the tax relates to items recognised in other comprehensive income or directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity. The effect on deferred tax of any changes in tax rates is recognised in the income statement, except to the extent that it relates to items previously charged or credited directly to equity. The principal temporary differences arise from amortisation and depreciation on property, plant and equipment, provisions, unutilised tax losses, unutilised capital allowances carried forward and unrealised gains and losses on the gold forward sale contracts. Deferred tax assets relating to the carry forward of unutilised tax losses and unutilised capital allowances are recognised to the extent that it is probable that future taxable profit will be available against which the unutilised tax losses and unutilised capital allowances can be utilised. The recoverability of these assets is reviewed at each reporting date and adjusted if recovery is no longer probable. Deferred income tax is provided on temporary differences arising from investments in subsidiaries, joint ventures and associates, except where the timing of the reversal of the temporary difference is controlled by the group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. Critical accounting estimates and judgements The group is subject to income tax in several jurisdictions. Significant judgement is required in determining the worldwide provision for income taxes due to the complexity of legislation. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. Where the final tax outcome is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled. When different tax rates apply to different levels of taxable income, deferred tax assets and liabilities are measured using the average tax rates that are expected to apply to the taxable profit (tax loss) of the periods in which the temporary differences are expected to reverse. At the group’s South African operations, such average tax rates are directly impacted by the profitability of the relevant mine. The deferred tax rate is therefore based on the current estimate of future profitability of an operation when temporary differences will reverse, based on tax rates and tax laws that have been enacted at the balance sheet date. The future profitability of each mine, in turn, is determined by reference to the life-of-mine (LoM) plan for that operation. The LoM plan is influenced by factors as disclosed in note 14, which may differ from one year to the next and normally result in the deferred tax rate changing from one year to the next. Management has to exercise judgement with regard to deferred tax assets. The recoverability of deferred tax assets is assessed with reference to the current estimate of future profitability of the relevant legal entity’s operations. Where it is not probable that future taxable income may flow against which these assets can be offset, the deferred tax assets are not recognised. 11 Taxation continued The taxation (expense)/credit for the year is as follows: SA Rand Figures in million 2024 2023 2022 SA taxation Mining tax (a) (2 309) (631) (182) – current year (2 313) (633) (194) – prior year 4 2 12 Non-mining tax (b) (107) (12) (125) – current year (107) (6) (121) – prior year — (6) (4) Deferred tax (c) (666) (1 080) 353 – current year (666) (1 080) 353 Total taxation (expense)/credit (3 082) (1 723) 46 (a) Mining tax on gold mining taxable income in South Africa is determined according to a formula, based on the taxable income from mining operations. 5% of total revenue is exempt from taxation, while the remainder is taxable at a higher rate (up to a maximum of 33%) than non-mining income (27%) as a result of applying the gold mining formula. Mining and non-mining income of Australian and PNG entities are taxed at a standard rate of 30%. All qualifying mining capital expenditure is deducted from taxable mining income to the extent that it does not result in an assessed loss. Accounting depreciation is eliminated when calculating the South African mining taxable income. Excess capital expenditure is carried forward as unredeemed capital to be claimed from future mining taxable income. The group has several tax paying entities in South Africa. In terms of the mining ring-fencing application, each ring-fenced mine is treated separately and deductions can normally only be utilised against mining income generated from the relevant ring-fenced mine. The increased mining tax expense is mainly attributable to the increased gold price realised resulting in a significant increase in the profitability of the group's operations. The following legal entities contributed significantly to the mining tax expense: SA Rand Figures in million 2024 2023 2022 Harmony Gold Mining Company Limited (Harmony Company) 144 — — Golden Core Trade and Invest (Proprietary) Limited (Mponeng) 1 129 272 — Freegold (Harmony) (Proprietary) Limited (Freegold) 235 — — Harmony Moab Khotsong Operations (Proprietary) Limited (Moab) 539 263 130 Due to the changes announced in the 2022 budget speech, the mining tax rate changed from 34% in 2022 to 33% in 2023. Further, the annual limitation of assessed loss utilisation to 80% of taxable income came into effect. The mining tax rate remained unchanged for the 2024 year. (b) Non-mining taxable income of mining companies and the taxable income for non-mining companies are taxed at the statutory corporate rate of 27% for the 2024 financial year. The expense for the 2024 financial year relates mainly to non-mining tax on interest income received in Harmony Company. The expense for the 2022 financial year relates to non-mining tax arising from derivative gains (realised and unrealised) recognised on the foreign currency derivatives as well as the realised gains on the commodity forward sale contracts. The decreased non-mining taxes for the 2023 financial year can be attributed to the significantly lower derivative gains from both commodity and foreign currency contracts. Refer to note 17 for details on the group's derivative gains and losses recorded. Due to the changes announced in the 2022 budget speech, the corporate tax rate applied to non-mining taxable income has been amended to 27% (2022: 28%) in 2023 year. Further, the annual limitation of assessed loss utilisation to 80% of taxable income came into effect. The non-mining tax rate remained unchanged for the 2024 year. 11 Taxation continued (c) The deferred tax rate used to calculate deferred tax is based on the current estimate of future profitability when temporary differences will reverse based on tax rates and tax laws that have been enacted at the balance sheet date. Depending on the profitability of the operations, the deferred tax rate can consequently be significantly different from year to year. Following the completion of the annual life-of-mine plans, management revised the weighted average deferred tax rates for all the South African operations. The higher gold price assumptions used resulted in an increase in the estimated profitability and consequently higher rates than in the prior year for most subsidiaries. Refer to note 14 for assumptions used. Changes to the deferred income tax rates were significant for the following entities: Percent (%) 2024 2023 2022 Harmony Company 26.4 26.4 25.1 Freegold 12.6 11.4 7.0 Moab 19.0 16.7 14.7 Mponeng 8.1 17.7 12.8 Randfontein Estates Limited (Randfontein) 12.3 10.5 8.7 Kalahari Goldridge Mining Company Limited (Kalgold) 21.5 17.1 18.7 Chemwes Proprietary Limited (Chemwes) 18.1 11.0 12.5 These changes, together with changes in the temporary differences, had the following impacts: • Increase of temporary differences related to the carrying value of property, plant and equipment resulted in an increase of R510 million in the deferred tax expense (2023: R377 million) (2022: R101 million decrease) • Unwinding of temporary differences related to the utilisation of unredeemed capital expenditure and assessed loss balances resulted in an increase of R74 million in the deferred tax expense (2023: R169 million increase) (2022: R86 million) and R120 million (2023: R9 million increase) (2022: R8 million decrease) in the deferred tax expense, respectively • The change in deferred tax rates of Mponeng from 17.7% to 8.1%, applied to balances excluding hedge accounted derivatives, resulted in a decrease in the deferred tax expense and liability to the amount of R379 million (2023: R144 million increase) (2022: R37 million increase) • The change in deferred tax rates of the remaining legal entities in the group, applied to balances excluding hedge accounted derivatives, resulted in an increase in the deferred tax expense and liability to the amount of R239 million (2023: R444 million increase) (2022: R423 million decrease). 11 Taxation continued Income and mining tax rates Major items causing the group's income tax provision to differ from the South African mining statutory tax rate of 33% (2023: 33% and 2022: 34%) were: SA Rand Figures in million 2024 2023 2022 Tax (expense)/credit on net profit/loss at the mining statutory tax rate (3 884) (2 180) 360 Non-allowable deductions and non-taxable items (510) (314) (328) Equity-settled share-based payments (82) (32) (49) Impairment of goodwill — — (114) Exploration expenditure (242) (25) (79) Finance costs (138) (145) (52) Other (48) (112) (34) Movement in temporary differences related to property, plant and equipment (a) (1 596) (333) (1 447) Movements in other temporary differences 699 80 (174) Difference between effective mining tax rate and statutory mining rate on mining income 650 303 125 Difference between non-mining tax rate and statutory mining rate on non-mining income 23 1 26 Effect on temporary differences due to changes in effective tax rates 87 (588) 386 Prior-year adjustment — — 10 Capital allowances (b) 1 183 1 059 973 Deferred tax asset not recognised (c) 266 249 115 Income and mining taxation (expense)/credit (3 082) (1 723) 46 Effective income and mining tax rate (%) 26 26 4 (a) The change in 2024 mainly relates to an increase in the unredeemed capital expenditure balance of Avgold Limited (Avgold) as well as the impairment of Target North. This was offset by an increase in the net carrying value of property, plant and equipment of Chemwes. The change in 2023 was mainly as a result of an increase in the unredeemed capital expenditure balance of Avgold. This partially offset by an increase in the net carrying value of property, plant and equipment of Moab and Chemwes . (b) This relates to the additional capital allowance that may be deducted from taxable income from mining operations in South Africa. A significant portion relates to Avgold which has a 0% effective tax rate. (c) This relates to tax losses and deductible temporary differences for which future taxable profits are uncertain and are not considered probable. Deferred tax The analysis of deferred tax assets and liabilities is as follows: SA Rand Figures in million 2024 2023 Deferred tax assets (1 080) (1 261) Deferred tax asset to be recovered after more than 12 months (844) (983) Deferred tax asset to be recovered within 12 months (236) (278) Deferred tax liabilities 3 891 3 366 Deferred tax liability to be recovered after more than 12 months 3 488 2 971 Deferred tax liability to be recovered within 12 months 403 395 Net deferred tax liability 2 811 2 105 11 Taxation continued Deferred tax continued Deferred tax liabilities and assets on the balance sheet as of 30 June 2024 and 30 June 2023 relate to the following: SA Rand Figures in million 2024 2023 Gross deferred tax liabilities 3 891 3 366 Amortisation and depreciation 1 3 778 3 266 Derivative financial instruments 61 48 Other 52 52 Gross deferred tax assets (1 080) (1 261) Unredeemed capital expenditure 2 (2 623) (3 761) Provisions, including non-current provisions (1 227) (1 220) Derivative financial instruments (350) (272) Contingent consideration liability (154) (63) Streaming contract liability (15) (43) Other (3) (2) Tax losses 3 (1 922) (1 925) Deferred tax asset not recognised 4 5 214 6 025 Net deferred tax liability 2 811 2 105 1 The increase in amortisation and depreciation year on year is as a result of the increase in the carrying amount of property, plant and equipment, mainly relating to asset additions, refer to note 14. 2 Unredeemed capital expenditure mainly consists of Hidden Valley R2 374 million (2023: R3 512 million). 3 The majority of the amount relates to Australia tax losses of R1 888 million (2023: R1 816 million). 4 The deferred tax asset not recognised relates to Harmony's PNG operations. Movement in the net deferred tax liability recognised in the balance sheet is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 2 105 1 383 Expense per income statement 666 1 080 Tax expense/(credit) directly charged to other comprehensive income 1 40 (358) Balance at end of year 2 811 2 105 Deferred tax assets per balance sheet (140) (189) Deferred tax liabilities per balance sheet 2 951 2 294 1 Relates predominantly to hedge-accounted derivative financial instruments. Refer to note 17 and 23. A deferred tax asset continues to be recognised for Harmony at 30 June 2024. At 30 June 2024, it is considered probable that sufficient future taxable profits will be available against which the remaining deductible temporary differences existing at the reporting date can be utilised. 11 Taxation continued Deferred tax continued SA Rand Figures in million 2024 2023 As at 30 June, the group had the following potential future tax deductions: Unredeemed capital expenditure available for utilisation against future mining taxable income (a) 51 988 49 478 Tax losses carried forward utilisable against mining taxable income (b) 9 296 9 620 Capital gains tax (CGT) losses available to be utilised against future CGT gains (d) 570 570 As at 30 June, the group has not recognised the following deferred tax asset amounts relating to the above: 19 140 18 004 The unrecognised temporary differences are: Unredeemed capital expenditure (c) 51 018 47 968 Tax losses (b) 9 231 8 848 CGT losses (d) 570 570 (a) Includes Avgold R34 368 million (2023: R30 538 million), Randfontein R12 million (2023: R327 million), Mponeng R135 million (2023: R145 million), Chemwes R635 million (2023: R748 million) and Hidden Valley R16 650 million (2023: R17 430 million). These have an unlimited carry-forward period. (b) Relates mainly to Hidden Valley R6 293 million (2023: R6 053 million) and Avgold R2 851 million (2023: R2 772 million). Randfontein had no tax loss balances at the end of the 2024 financial year (2023: R543 million). These have an unlimited carry-forward period. (c) Relates to Avgold and Hidden Valley. (d) The CGT losses relate to the gross CGT losses available to be utilised against future CGT gains. These have an unlimited carry-forward period. Dividend tax (DT) The withholding tax on dividends remained unchanged at 20%.
Disclosure of deferred taxes	Deferred tax The analysis of deferred tax assets and liabilities is as follows: SA Rand Figures in million 2024 2023 Deferred tax assets (1 080) (1 261) Deferred tax asset to be recovered after more than 12 months (844) (983) Deferred tax asset to be recovered within 12 months (236) (278) Deferred tax liabilities 3 891 3 366 Deferred tax liability to be recovered after more than 12 months 3 488 2 971 Deferred tax liability to be recovered within 12 months 403 395 Net deferred tax liability 2 811 2 105 11 Taxation continued Deferred tax continued Deferred tax liabilities and assets on the balance sheet as of 30 June 2024 and 30 June 2023 relate to the following: SA Rand Figures in million 2024 2023 Gross deferred tax liabilities 3 891 3 366 Amortisation and depreciation 1 3 778 3 266 Derivative financial instruments 61 48 Other 52 52 Gross deferred tax assets (1 080) (1 261) Unredeemed capital expenditure 2 (2 623) (3 761) Provisions, including non-current provisions (1 227) (1 220) Derivative financial instruments (350) (272) Contingent consideration liability (154) (63) Streaming contract liability (15) (43) Other (3) (2) Tax losses 3 (1 922) (1 925) Deferred tax asset not recognised 4 5 214 6 025 Net deferred tax liability 2 811 2 105 1 The increase in amortisation and depreciation year on year is as a result of the increase in the carrying amount of property, plant and equipment, mainly relating to asset additions, refer to note 14. 2 Unredeemed capital expenditure mainly consists of Hidden Valley R2 374 million (2023: R3 512 million). 3 The majority of the amount relates to Australia tax losses of R1 888 million (2023: R1 816 million). 4 The deferred tax asset not recognised relates to Harmony's PNG operations. Movement in the net deferred tax liability recognised in the balance sheet is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 2 105 1 383 Expense per income statement 666 1 080 Tax expense/(credit) directly charged to other comprehensive income 1 40 (358) Balance at end of year 2 811 2 105 Deferred tax assets per balance sheet (140) (189) Deferred tax liabilities per balance sheet 2 951 2 294 1 Relates predominantly to hedge-accounted derivative financial instruments. Refer to note 17 and 23. A deferred tax asset continues to be recognised for Harmony at 30 June 2024. At 30 June 2024, it is considered probable that sufficient future taxable profits will be available against which the remaining deductible temporary differences existing at the reporting date can be utilised. 11 Taxation continued Deferred tax continued SA Rand Figures in million 2024 2023 As at 30 June, the group had the following potential future tax deductions: Unredeemed capital expenditure available for utilisation against future mining taxable income (a) 51 988 49 478 Tax losses carried forward utilisable against mining taxable income (b) 9 296 9 620 Capital gains tax (CGT) losses available to be utilised against future CGT gains (d) 570 570 As at 30 June, the group has not recognised the following deferred tax asset amounts relating to the above: 19 140 18 004 The unrecognised temporary differences are: Unredeemed capital expenditure (c) 51 018 47 968 Tax losses (b) 9 231 8 848 CGT losses (d) 570 570 (a) Includes Avgold R34 368 million (2023: R30 538 million), Randfontein R12 million (2023: R327 million), Mponeng R135 million (2023: R145 million), Chemwes R635 million (2023: R748 million) and Hidden Valley R16 650 million (2023: R17 430 million). These have an unlimited carry-forward period. (b) Relates mainly to Hidden Valley R6 293 million (2023: R6 053 million) and Avgold R2 851 million (2023: R2 772 million). Randfontein had no tax loss balances at the end of the 2024 financial year (2023: R543 million). These have an unlimited carry-forward period. (c) Relates to Avgold and Hidden Valley. (d) The CGT losses relate to the gross CGT losses available to be utilised against future CGT gains. These have an unlimited carry-forward period.
Disclosure of deferred tax rates	Changes to the deferred income tax rates were significant for the following entities: Percent (%) 2024 2023 2022 Harmony Company 26.4 26.4 25.1 Freegold 12.6 11.4 7.0 Moab 19.0 16.7 14.7 Mponeng 8.1 17.7 12.8 Randfontein Estates Limited (Randfontein) 12.3 10.5 8.7 Kalahari Goldridge Mining Company Limited (Kalgold) 21.5 17.1 18.7 Chemwes Proprietary Limited (Chemwes) 18.1 11.0 12.5

Earnings_(Loss) Per Share

Earnings/(Loss) Per Share	12 Months Ended
	Jun. 30, 2024
Earnings per share [abstract]
Earnings/(Loss) Per Share	Earnings/(loss) per share Basic earnings/(loss) per share Basic earnings/(loss) per share is calculated by dividing the net income attributable to shareholders by the weighted number of ordinary shares in issue during the year. 2024 2023 2022 Ordinary shares in issue (000) 632 634 618 072 616 526 Adjustment for weighted number of ordinary shares in issue (000) (a) (7 930) (428) (121) Weighted number of ordinary shares in issue (000) 624 704 617 644 616 405 Adjustment for weighted number of treasury shares (000) (b) (5 267) (47) (3 950) Basic weighted average number of ordinary shares in issue (000) 619 437 617 597 612 455 SA Rand 2024 2023 2022 Total net profit/(loss) attributable to shareholders (million) 8 587 4 820 (1 052) Total basic earnings/(loss) per share (cents) 1 386 780 (172) (a) These are the weighted number of ordinary shares for the years presented. The increase is mainly due to 12 651 525 shares issued on 4 April 2024 as part of the new Harmony ESOP scheme. Refer to note 22 for the actual number of treasury shares that are in issue. (b) These are the weighted number of treasury shares for the years presented. Refer to note 22 for the actual number of treasury shares that are in issue. During 2022, the lock-in period expired for the Harmony ESOP Trust (Sisonke Scheme). Settlements and share distributions were made and the shares were no longer classified as treasury shares. For the 2022 year, the impact of the shares on the basic weighted average number of shares was 3 902 418. 12 Earnings/(loss) per share continued Diluted earnings/(loss) per share For diluted earnings/(loss) per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all potential dilutive ordinary shares as a result of share options granted to employees under the share option schemes in issue. A calculation is performed to determine the number of shares that could have been acquired at fair value, determined as the average annual market share price of the company's shares, based on the monetary value of the subscription rights attached to the outstanding share options. The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share options. 2024 2023 2022 Weighted average number of ordinary shares in issue (000) 619 437 617 597 612 455 Potential ordinary shares (000) (a) (b) 10 256 2 877 2 159 Weighted average number of ordinary shares for diluted earnings per share (000) (a) 629 693 620 474 614 614 SA Rand 2024 2023 2022 Total diluted earnings/(loss) per share (cents) 1 364 777 (172) (a) The increase in the weighted average number of diluted shares is as a result of the significant increase in the Harmony share price during the year. This impacted the base as well as the percentage applied to it to determine the bonus element. As a result, there are a larger number of dilutive shares across all active shares schemes, with the exception of the new ESOP scheme, which is anti-dilutive. This, combined with the 2023 deferred share plan implemented in September 2023, resulted in an increase in the diluted shares. The inclusion of the share options as potential ordinary shares had a dilutive effect on earnings per share in 2024 and 2023, whereas it had the opposite effect in 2022 due to the net loss attributable to shareholders. (b) The issue price and the exercise of share options issued to the employees include the fair value of any services to be supplied to the entity in the future under the share option or other share-based payment arrangements. Dividends Accounting policy Dividends declared are recognised in the period in which they are approved by the board of directors. Dividends are payable in South African Rand. Cash flows from dividends paid are classified under financing activities in the cash flow statement. • The board declared an interim ordinary dividend of 147 SA cents for the year ended 30 June 2024 and R930 million was paid on 15 April 2024. The board did not declare an interim ordinary dividend for the year ended 30 June 2023. In 2022, a dividend of 40 SA cents was declared and R247 million was paid on 11 April 2022. • For the 2023 year, a final dividend of 75 SA cents was declared by the board, amounting to R464 million which was paid on 16 October 2023. For 2022, 22 SA cents was declared and an amount of R136 million was paid on 17 October 2022. • The board declared a final ordinary dividend of 94 SA cents for the year ended 30 June 2024 on 4 September 2024. An amount of R596 million was paid on 14 October 2024. • Harmony declares an annual preference share dividend to the Harmony Gold Community Trust (the Trust). The board declared a preference dividend of R15 million which was paid to the Trust on 17 September 2024 (2023 and 2022: R9 million on 15 August 2023 and 11 August 2022 respectively). • During 2024, dividend payments of R43 million were made to the non-controlling interest holders in Tswelopele Beneficiation Operation (Proprietary) Limited (TBO) (2023: R18 million) (2022: R16 million). SA Rand 2024 2023 2022 Dividends declared (millions) 1 394 136 414 Dividend per share (cents) 222 22 67

Acquisitions and Business Combi

Acquisitions and Business Combinations	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about business combination [abstract]
Acquisitions and Business Combinations	Acquisitions and business combinations Acquisition of Eva Copper On 6 October 2022, Harmony announced that it had entered into an agreement to acquire the entity which owns 100% of the Eva Copper Project and a package of regional exploration tenements from Copper Mountain Mining Corporation (collectively Eva Copper). The acquisition is in line with the group's strategic objective of transitioning into a low-cost gold and copper mining company. Diversifying into copper enables Harmony to participate in the global transition to a low-carbon economy. The last condition precedent for the acquisition was fulfilled during December 2022, resulting in an acquisition date of 16 December 2022. Based on management's assessment, the transaction met the definition of a business combination as defined by IFRS 3 Business Combinations . This is based on the feasibility study, mine development plan and organised workforce acquired constituting substantive processes which significantly contributes to the ability to generate outputs. Management also opted to not apply the optional concentration test as per IFRS 3. The Eva Copper Project was identified as a cash generating unit (CGU). Consideration transferred Consideration for the transaction amounted to a cash payment of R2 996 million (US$170 million), paid during December 2022, and contingent consideration subject to the following criteria: • A maximum of US$30 million payable via a 10% sharing of net incremental revenue above US$3.80/Ib Cu (excess payment) • A maximum US$30 million payable on a new copper resource discovered and declared within the acquired tenements, calculated using a resource multiple of US$0.03/Ib Cu (new resource payment). These criteria are applicable for the entire life of the operation until the maximum payments are reached. As at 16 December 2022, the contingent consideration was valued at R169 million by using a probability weighted method for the new resource payment and a discounted cash flow valuation for the excess payment, both discounted at a post-tax nominal rate of 12.9%. All other assumptions applied in the valuation are consistent with those used in the valuation of identified assets acquired and liabilities assumed (refer below). The fair value calculated for the contingent consideration is level 3 in the fair value hierarchy due to the use of unobservable inputs. The remeasurement of the liability will be included in other operating expenses. Refer to note 27 for the measurement of the liability. The amount disclosed in the cash flow statement for cash paid for the acquisition of Eva Copper is equal to the cash consideration paid of R2 996 million. Acquisition and integration costs The total of R214 million for acquisition-related costs for the financial year ended 30 June 2023 relates to various costs directly attributable to the acquisition process. These costs include professional services fees and Australian stamp duty costs paid. 13 Acquisitions and business combinations continued Acquisition of Eva Copper continued Identifiable assets acquired and liabilities assumed Critical accounting estimates and judgements The fair value of the identifiable net assets acquired was determined using the expected discounted cash flows based on the feasibility study of the Eva Copper Project. Key assumptions for the level 3 fair value measurement of Eva Copper are the copper price, marketable discount rates, exchange rates and the feasibility study previously performed for the Eva Copper Project. Mineral Resources acquired which were not included in the discounted cash flows were valued using a copper resource multiple price of US$0.03/lbs. The post-tax real discount rate used was 10.7%, the long-term A$/US$ exchange rate used was A$1.40/US$1 and a real long-term copper price of US$3.50/lbs was used. The valuation was performed as at 16 December 2022. The tax rates used to calculate deferred tax is based on Australian tax rates and tax laws that have been enacted at acquisition date. The deferred tax rate used as at 16 December 2022 was 30%. Following the finalisation of the effective tax values of assets acquired and liabilities assumed from the acquisition, a net deferred tax asset position of R224 million was determined. In line with IAS 12 Income Taxes , management assessed that at the acquisition date it is not yet probable that sufficient future taxable profits will be generated from Eva Copper against which the net deferred tax asset could be recognised. This was due to an update to the final feasibility study being outstanding at acquisition date. It was therefore opted to not recognise the net deferred tax asset position arising from the acquisition. Fair value determination of acquired operations For the period ended 31 December 2022 the fair value exercise, also known as the purchase price allocation, was prepared on a provisional basis in accordance with IFRS 3. During the measurement period, being 12 months permitted in terms of IFRS 3 for completion of the fair value exercise, Harmony concluded the process of determining the effective tax values for assets acquired and liabilities assumed from the business combination. This resulted in a change in the value of deferred tax and property, plant and equipment. Harmony also received new information relating to trade and other receivables that existed at acquisition date. No other key valuation assumptions were revised. Management considers the revised purchase price allocation to be final and the accounting for the acquisition to be concluded as at 30 June 2023. The final fair values for the identifiable assets acquired and liabilities assumed as at the acquisition date are as follows: 2023 Figures in million Provisional fair Measurement Final fair value Non-current assets Property, plant and equipment 3 785 (631) 3 154 Current assets Restricted cash and investments 4 — 4 Trade and other receivables 12 (5) 7 Non-current liabilities Deferred tax liabilities (636) 636 — Fair value of net identifiable assets acquired at 16 December 2022 3 165 — 3 165 Since the final fair value of net identifiable assets acquired is within a reasonable range of the fair value of the consideration transferred, no gain on bargain purchase or goodwill is recognised for the transaction.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2024
Property, plant and equipment [abstract]
Property, Plant and Equipment	Property, plant and equipment SA Rand Figures in million 2024 2023 Mining assets 28 884 28 618 Mining assets under construction 7 502 5 051 Undeveloped properties 4 475 7 385 Other non-mining assets 487 453 Total property, plant and equipment 41 348 41 507 Mining assets Accounting policy Mining assets, including mine development costs and mine plant facilities, are initially recorded at cost, whereafter they are measured at cost less accumulated depreciation and impairment. Costs include expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The net assets of operations placed on care and maintenance are impaired to their recoverable amount. Expenditure on the care and maintenance of these operations is charged against income, as incurred. Mineral and surface use rights represent mineral and surface use rights for parcels of land, both owned and not owned by the group. Mineral and surface rights include acquired mineral use rights in production, development and exploration phase properties. The amount capitalised related to a mineral and surface right, either as an individual asset purchase or as part of a business combination, is the fair value at acquisition. The group’s mineral use rights are enforceable regardless of whether proved or probable reserves have been established. In certain limited situations, the nature of use changes from an exploration right to a mining right upon the establishment of proved and probable reserves. The group has the ability and intent to renew mineral use rights where the existing term is not sufficient to recover all identified and valued proved and probable reserves and/or undeveloped mineral interests. Depreciation Depreciation of mining assets is computed principally by the units-of-production method over life-of-mine based on estimated quantities of economically recoverable proved and probable reserves, which can be recovered in future from known mineral deposits. Mineral rights associated with production phase mineral interests are amortised over the life-of-mine using the units-of-production method in order to match the amortisation with the expected underlying future cash flows. Impairment Testing for impairment is done in terms of the group policy as discussed in note 2.5. Scrapping of assets Where significant adverse changes have taken place relating to the useful life of an asset, that asset is tested for impairment in terms of the group policy as discussed in note 2.5. Whether or not an impairment is recognised, it is then necessary to review the useful lives and residual values of the assets within the CGU – this is reviewed at least annually. Where necessary, the useful lives and residual values of the individual assets are revised. Where the useful life of an asset is nil as a result of no future economic benefit expected from the use or disposal of that asset, it is necessary to derecognise the asset. The loss arising from the derecognition is included in profit or loss in the period in which the asset was derecognised. Stripping activities The removal of overburden and other mine waste materials is often necessary during the initial development of an opencast mine site, in order to access the mineral ore deposit. The directly attributable cost of this activity is capitalised in full within mining assets under construction, until the point at which the mine is considered to be capable of commercial production. The removal of waste material after the point at which a mine is capable of commercial production is referred to as production stripping. When the waste removal activity improves access to ore extracted in the current period, the costs of production stripping are charged to the income statement as operating costs in accordance with the principles of IAS 2 Inventories . 14 Property, plant and equipment continued Mining assets continued Accounting policy continued Stripping activities continued Where production stripping activity both produces inventory and improves access to ore in future periods the associated costs of waste removal are allocated between the two elements. The portion which benefits future ore extraction is capitalised within stripping and development capital expenditure. If the amount to be capitalised cannot be specifically identified, it is determined based on the volume of waste extracted compared to expected volume for the identified component of the orebody. Components are specific volumes of a mine’s orebody that are determined by reference to the life-of-mine plan. In certain instances significant levels of waste removal may occur during the production phase with little or no associated production. The cost of this waste removal is capitalised in full. All amounts capitalised in respect of waste removal are depreciated using the units-of-production method based on proved and probable ore reserves of the component of the orebody to which they relate. The effects of changes to the life-of-mine plan on the expected cost of waste removal or remaining reserves for a component are accounted for prospectively as a change in estimate. Critical accounting estimates and judgements – Gold Mineral Reserves and Resources Gold mineral reserves and resources are estimates of the amount of ounces that can be economically and legally extracted from the group’s properties. In order to calculate the gold mineral reserves and resources, estimates and assumptions are required about a range of geological, technical and economic factors, including quantities, grades, production techniques, recovery rates, production costs, commodity prices and exchange rates. Estimating the quantities and/or grade of the reserves and resources requires the size, shape and depth of the orebodies to be determined by analysing geological data such as the logging and assaying of drill samples. This process may require complex and difficult geological judgements and calculations to interpret the data. Because the economic assumptions used to estimate the gold mineral reserves and resources change from year to year, and because additional geological data is generated during the course of operations, estimates of the mineral reserves and resources may change from year to year. Changes in the reserves and resources may affect the group’s financial results and financial position in a number of ways, including: • Asset carrying values may be affected due to changes in estimated cash flows • Scrapping of assets to be recorded in the income statement following the derecognition of assets as no future economic benefit expected • Depreciation and amortisation charged in the income statement may change as they are calculated on the units-of-production method • Environmental provisions may change as the timing and/or cost of these activities may be affected by the change in mineral reserves • Useful life and residual values may be affected by the change in mineral reserves. At the end of each financial year, the estimate of proved and probable gold mineral reserves and resources is updated. Depreciation of mining assets is prospectively adjusted, based on these changes. Critical accounting estimates and judgements – production start date Various relevant criteria are considered in order to assess when the mine is substantially complete and ready for its intended use and moves into the production phase. Some of the criteria would include but are not limited to the following: • The level of capital expenditure compared to the total project cost estimates • The ability to produce gold in a saleable form (where more than an insignificant amount of gold has been produced) • The ability to sustain the ongoing production of gold. Critical accounting estimates and judgements – stripping activities The determination of the volume of waste extracted and the expected volume for the identified component of the orebody is dependent on an individual mine’s design and life-of-mine plan and therefore changes to the design or life-of-mine plan will result in changes to these estimates. Identification of the components of a mine’s orebody is made by reference to the life-of-mine plan. The assessment depends on a range of factors including each mine’s specific operational features and materiality. 14 Property, plant and equipment continued Mining assets continued Critical accounting estimates and judgements – impairment of assets The recoverable amount of mining assets is generally determined utilising real discounted future cash flows (post tax). No material difference in recoverable amounts is expected should real future cash flows be discounted on a pre-tax basis. Management also considers such factors as the quality of the individual orebody, market risk, asset-specific risks and country risk in determining the fair value. Key assumptions for the calculations of the mining assets’ recoverable amounts are the commodity prices, resource values, market discount rates, costs to sell, exchange rates and the annual life-of-mine plans. In determining the commodity prices and resource values to be used, management assesses the long-term views of several reputable institutions on commodity prices and based on this, derives the commodity prices and resource values. The life-of-mine plans are based on the proved and probable reserves as included in the Reserve Declaration, which are determined in terms of SAMREC, as well as resources where management has high confidence in the orebody and economical recovery of gold, based on historic and similar geological experience. During the years under review, the group calculated the recoverable amounts (generally fair value less costs to sell) of CGUs for which indicators of impairment were identified (refer to note 5). These recoverable amounts are based on updated life-of-mine plans and the following relevant assumptions: 2024 2023 2022 US$ gold price per ounce – Year 1 2 258 1 932 1 861 – Year 2 2 173 1 844 1 744 – Year 3 2 049 1 725 1 664 – Long term (Year 4 onwards) 1 772 1 582 1 546 US$ silver price per ounce – Year 1 n/a n/a 23.85 – Year 2 n/a n/a 22.42 – Year 3 n/a n/a 21.46 – Long term (Year 4 onwards) n/a n/a 19.38 US$ copper price per pound n/a n/a 3.30 Exchange rate (R/US$) – Year 1 18.39 18.28 15.55 – Year 2 17.96 17.44 15.34 – Year 3 18.36 17.13 15.26 – Long term (Year 4 onwards) 18.26 16.22 15.35 Exchange rate (PGK/US$) n/a n/a 3.50 Rand gold price (R/kg) – Year 1 1 335 000 1 135 000 931 000 – Year 2 1 255 000 1 034 000 860 000 – Year 3 1 209 000 950 000 816 000 – Long term (Year 4 onwards) 1 040 000 825 000 763 000 The following are the attributable gold resource value assumptions: South Africa Hidden Valley US dollar per ounce 2024 2023 2022 2024 2023 2022 Underground resources Measured 16.50 n/a 16.50 n/a n/a n/a Indicated 9.00 n/a 9.00 n/a n/a n/a Inferred 3.60 n/a 3.60 n/a n/a n/a Surface resources Measured n/a n/a 30.00 n/a n/a n/a Indicated n/a n/a 17.50 n/a n/a 9.00 Inferred n/a n/a 8.00 n/a n/a n/a 14 Property, plant and equipment continued Mining assets continued Critical accounting estimates and judgements – impairment of assets continued The recoverable amount of mining assets is determined utilising real discounted future cash flows. Certain CGUs’ recoverable amounts included resource multiple valuations in the case of undeveloped properties and certain resource bases. In 2022, the underground resource values were applied to Target North, Doornkop's Kimberly Reef and the Wafi-Golpu Project (refer to note 20). The surface resource values were applied to the Mispah Tailings resource, Vaal River and West Wits surface sources. For the 2024 financial year, the recoverable amounts of Target North and Doornkop's Kimberley reef have been determined using the resource multiple valuations. Refer to note 5 for more information regarding CGUs tested for impairment. One of the most significant assumptions that influence the group's operations' life-of-mine plans, and therefore the impairment assessment, is the expected commodity prices. Management continues to differentiate between short-, medium- and long-term assumptions used in the models. The long-term price was determined as part of the annual budgeting process and is used in the life-of-mine plans and is also the cut-off price for calculating reserves included in the declaration of reserves and resources in terms of SAMREC. For 2024, the resource multiple values remained consistent with 2022, as they were assessed to still be reasonable and appropriate for valuing the relevant undeveloped properties and resource bases. In 2023, no resource multiple values were used as the CGUs to which they are attributed to were not tested for impairment. The discounted cash flow models for 2024 and 2023 include the estimated production cost and carbon tax savings arising from the rollout of Harmony's renewable energy programme, as part of its greater decarbonisation strategy. The post-tax real discount rates of 10.69% and 12.15% were used to determine the recoverable amounts for the Doornkop and Target 1 CGUs, respectively. The post-tax real discount rates used in determining the recoverable amounts of CGUs tested for impairment in 2023 ranged between 11.69% and 13.15% (2022: 10.20% and 13.10%). No material difference in recoverable amounts is expected should future cash flows be discounted on a pre-tax basis. Refer to note 5 for more information regarding CGUs tested for impairment. Cash flows used in the impairment calculations are based on life-of-mine plans which exceed five years for the majority of the mines. Cash flows from potential projects, life-of-mine extensions and residual ounces can also be included in the impairment assessment where deemed appropriate. An additional risk premium is added to the post-tax real discount rates in these instances. Should management’s estimate of the future not reflect actual events, further impairments may be identified. Factors affecting the estimates may include: • Changes to proved and probable ore reserves • Economical recovery of resources • The grade of the ore reserves may vary significantly from time to time • Review of strategy • Unforeseen operational issues at the mines • Differences between actual commodity prices and commodity price assumptions • Changes in the discount rate and foreign exchange rates • Changes in capital, operating mining, processing and reclamation costs • Mines' ability to convert resources into reserves • Potential production stoppages for indefinite periods • The implementation of Harmony’s renewable energy programme • Carbon tax. 14 Property, plant and equipment continued Mining assets continued Sensitivity analysis – impairment of assets One of the most significant assumptions that influence the life-of-mine plans and therefore impairment assessments is the expected commodity prices. Management determined a reasonably possible change of 11.9% in gold prices based on the standard deviation of market analysts' forecasted long-term gold price assumptions. A 11.9% decrease/increase in the gold price assumptions and resource values used (with all other variables held constant and not taking any actions, such as stopping capital projects, into account) would have resulted in the following post-tax impairment being recorded (including the impairments recorded in the current period) as at 30 June 2024: SA Rand Figures in million 2024 2023 11.9% decrease (2023: 11.8% decrease) Doornkop 2 623 n/a Target 1 450 1 719 Target North 2 898 n/a Kusasalethu n/a — Kalgold n/a 475 11.9% increase (2023: 11.8% increase) Target North 2 688 n/a At all other operations, the relevant increase in the gold price would have resulted in no impairments being recorded. The movement in the mining assets is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 76 774 70 587 Fully depreciated assets no longer in use derecognised (a) (586) (1 419) Additions (b) 5 426 5 930 Scrapping of assets (c) (622) (772) Adjustment to rehabilitation asset (d) (531) (111) Transfers and other movements (e) 749 596 Translation (2 111) 1 963 Balance at end of year 79 099 76 774 Accumulated depreciation and impairments Balance at beginning of year 48 156 45 267 Fully depreciated assets no longer in use derecognised (a) (586) (1 419) Scrapping of assets (c) (525) (590) Depreciation 4 546 3 368 Translation (1 376) 1 530 Balance at end of year 50 215 48 156 Net carrying value 28 884 28 618 (a) Primarily relates to fully depreciated assets derecognised at the Hidden Valley, Tshepong North, Moab Khotsong and Doornkop operations. (b) Included in additions for 2024 is an amount of R84 million (2023: R188 million) for capitalised depreciation associated with stripping activities at the Hidden Valley operations. (c) Refer to note 8 for the total loss on scrapping recognised. Primarily relates to the Tshepong North and Kusasalethu operations. (d) Refer to note 24 for details on the adjustment to the rehabilitation asset. (e) Transfer of assets mainly relates to assets under construction transferred to mining assets. During the 2024 year an amount of R761 million (2023: R539 million) was transferred to mining assets at Hidden Valley. This related to ongoing mining development costs. 14 Property, plant and equipment continued Mining assets continued Stripping activities Included in the balance for mining assets is an amount of R216 million (2023: R184 million) relating to Kalgold and R676 million (2023: R1 330 million) relating to Hidden Valley. Depreciation of R130 million (2023: R41 million) and R823 million (2023: R514 million) was recorded for Kalgold and Hidden Valley respectively. Mining assets under construction Accounting policy At the group’s surface mines, when it has been determined that a mineral property can be economically developed as a result of establishing proved and probable reserves, costs incurred to develop the property are capitalised as incurred until the mine is considered to have moved into the production phase. These costs include costs to further delineate the orebody and remove overburden to initially expose the orebody. At the group’s underground mines, all costs incurred to develop the property, including costs to access specific ore blocks or other areas of the underground mine, are capitalised to the extent that such costs will provide future economic benefits. These costs include the cost of shaft sinking and access, the costs of building access ways, lateral development, drift development, ramps, box cuts and other infrastructure development. Where a depreciable asset is used in the construction or extension of a mine, the depreciation is capitalised against the mine’s cost. Mineral interests associated with development and exploration phase mineral interests are not amortised until such time as the underlying property is converted to the production stage. Capitalisation of pre-production costs ceases when commercial levels of production are reached. Commercial levels of production are discussed under “production start date” above. The movement in the mining assets under construction is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 5 721 3 802 Additions (a) 3 247 2 053 Finance costs capitalised (b) 237 123 Transfers and other movements (770) (539) Translation (263) 282 Balance at end of year 8 172 5 721 Accumulated impairments Balance at beginning of year 670 670 Balance at end of year 670 670 Net carrying value 7 502 5 051 (a) The additions for 2024 mainly relates to Hidden Valley of R865 million (2023: R582 million), Zaaiplaats project of R794 million (2023: R537 million), Doornkop 207/212 Level project of R251 million (2023: R304 million) and the Kareerand TSF Expansion project of R960 million (2023: R462 million). (b) Refer to note 10 for further detail on the capitalisation rate applied. Wafi-Golpu development Capitalisation of certain project expenses on Wafi-Golpu was halted from 1 July 2019 following delays in the permitting of the project (refer to note 20). All ongoing expenses since were for holding purposes and did not result in future economic benefits. These have been included in exploration expenditure in the income statement and amounted to R37 million (2023: R48 million) for the year. Undeveloped properties Accounting policy Undeveloped properties are initially recognised at cost, which is generally based on the fair value of resources obtained through acquisitions. The carrying values of these properties are tested for impairment or reversal of previously recognised impairment when an indicator is identified. Once development commences, these properties are transferred to mining assets and accounted for in accordance with the related accounting policy. Critical accounting estimates and judgements – exploration and evaluation assets The recoverability of exploration and evaluation assets is assessed when indicators for impairment or reversal of previously recognised impairment has been identified. The balances assessed include undeveloped properties and assets under construction. Significant judgement is required as to whether an area of activity is to be carried forward on the balance sheet, or written off through the identification of areas of activity which have not yet reached a stage that permits a reasonable assessment of the existence of economically recoverable reserves, where there is no continuing significant activity plan in relation to the area. Currently the assets assessed are the Wafi-Golpu Project, Target North and the Eva Copper Project. For further details regarding the permitting process and other developments of the Wafi-Golpu Project, refer to note 20. The movement in the undeveloped properties is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 8 861 5 478 Acquisitions 1 — 3 154 Transfers and other movements 9 — Translation (127) 229 Balance at end of year 8 743 8 861 Accumulated depreciation and impairments Balance at beginning of year 1 476 1 474 Impairment 2 2 793 — Translation (1) 2 Balance at end of year 4 268 1 476 Net carrying value 4 475 7 385 1 Refer to note 13 for details on the fair value of assets acquired following the Eva Copper acquisition. 2 Relates to Target North. Refer to note 6 for details. Other non-mining assets Accounting policy Land is shown at cost and not depreciated. Other non-mining fixed assets are shown at cost less accumulated depreciation and accumulated impairment losses. Other non-mining fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows: • Vehicles at 20% per year • Computer equipment at 33.3% per year. The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. 14 Property, plant and equipment continued Other non-mining assets continued The movement in the non-mining assets is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 1 000 895 Fully depreciated assets no longer in use derecognised — (7) Additions 117 108 Translation (1) 4 Balance at end of year 1 116 1 000 Accumulated depreciation and impairments Balance at beginning of year 547 479 Fully depreciated assets no longer in use derecognised — (7) Depreciation 82 74 Translation — 1 Balance at end of year 629 547 Net carrying value 487 453

Restricted Cash and Investments

Restricted Cash and Investments	12 Months Ended
	Jun. 30, 2024
Total Restricted cash and investments [Abstract]
Restricted Cash And Investments	Restricted cash and investments SA Rand Figures in million 2024 2023 Restricted cash 489 475 Restricted investments 6 044 5 687 Total restricted cash and investments 6 533 6 162 Current portion of restricted cash and investments 39 41 Non-current portion of restricted cash and investments 6 494 6 121
Restricted cash	Restricted cash SA Rand Figures in million 2024 2023 Non-current 450 434 Current 39 41 Total restricted cash 489 475 The restricted cash consist of funds set aside for: SA Rand Figures in million 2024 2023 Environmental guarantees and rehabilitation (a) 217 183 Guarantee - Tshiamiso Trust (b) 205 225 PNG communities (c) 45 45 Other 22 22 Total restricted cash 489 475 (a) The amount primarily relates to funds set aside to serve as collateral against guarantees made to the Department of Mineral Resources and Energy (DMRE) in South Africa for environmental and rehabilitation obligations. Refer to note 24. The funds are invested in short-term money market funds and call accounts, which require third-party approval for release. (b) Refer to note 25 for details on the silicosis settlement and the arrangement with the trust. The decrease is as a result of the benefit and admin contributions made, reducing the total that the guarantee is calculated on. (c) Relates to monies set aside for affected communities in the group’s PNG operations.

Other Non-Current Assets

Other Non-Current Assets	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Other Non-Current Assets	Other non-current assets SA Rand Figures in million 2024 2023 Debt instruments 76 116 Loans to associates (a) 116 116 Loan to ARM BBEE Trust (b) 68 101 Other loans 8 15 Loss allowance (a) (116) (116) Equity instruments 88 78 Rand Mutual Assurance (c) 78 69 Other investments 10 9 Inventories 180 138 Non-current portion of final gold in lock-up (d) 180 138 Total other non-current assets 344 332 (a) A loan of R116 million (2023: R116 million) owed by Pamodzi Gold Limited (Pamodzi) which was placed into liquidation during 2009, was provided for in full. Harmony is a concurrent creditor in the Pamodzi Orkney liquidation. (b) During 2021, Harmony advanced R264 million to the ARM Broad-Based Economic Empowerment Trust (the ARM BBEE Trust), a shareholder of African Rainbow Minerals Limited (ARM), after the restructuring of the original loan advanced in 2016. The ARM BBEE Trust is controlled and consolidated by ARM, who holds 12.04% of Harmony's shares at 30 June 2024. Harmony is a trustee of the ARM BBEE Trust. The loan under the revised loan agreement is interest-free and is receivable on the maturity of the loan on 30 June 2035. The loan is unsubordinated and unsecured. The loan does not meet the requirements for amortised cost measurement as it fails the solely payments of principal and interest test and was therefore classified as fair value through profit and loss (refer to the fair value determination section in note 37 for detail). The group determined that the contractual terms include exposure to risk and volatility that is inconsistent with a basic lending arrangement. In making this assessment the group considered contingent events that would change the amount and timing of cash flows and potential limits on the group's claim to cash flows from specified assets (eg non-recourse asset arrangements). During the 2024 financial year, repayments of R42 million (2023: R74 million) were received on the loan. (c) Refer to note 37 for the fair value valuation technique used to measure. (d) Refer to note 21 for further details on inventories.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Disclosure of derivative financial instruments [text block]	Derivative financial instruments The group has the following derivative financial instruments: Hedging contracts Figures in million (SA Rand) Rand gold forwards (a) US$ gold forwards (b) Rand gold collars (a) US$ gold collars (b) US$ silver contracts Foreign exchange contracts At 30 June 2024 Derivative financial assets 282 30 155 18 3 523 1 011 Non-current 172 27 135 18 3 98 453 Current 110 3 20 — — 425 558 Derivative financial liabilities (1 799) (236) (9) (4) (63) — (2 111) Non-current (510) (77) — (1) (21) — (609) Current (1 289) (159) (9) (3) (42) — (1 502) Net derivative financial instruments (1 517) (206) 146 14 (60) 523 (1 100) Unrealised gains/(losses) included in other reserves, net of tax (1 192) (197) 123 14 — — (1 252) Movements for the year ended 30 June 2024 Realised losses included in revenue (1 215) (50) — — — — (1 265) Unrealised gains/(losses) on gold contracts recognised in other comprehensive income (1 580) (310) 141 15 — — (1 734) Gains/(losses) on derivatives — — — — (98) 670 572 Day one gain/(loss) amortisation (114) (11) 5 1 — — (119) Total gains/(losses) on derivatives (114) (11) 5 1 (98) 670 453 Hedge effectiveness Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness (1 580) (310) 141 15 — — (1 734) Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness 1 580 310 (141) (15) — — 1 734 (a) Rand gold contracts Harmony maintains a derivative programme for some of the South African companies by entering into commodity derivative contracts. The contracts comprise forward sale contracts and zero cost collars. Hedge accounting is applied to these contracts. (b) US$ commodity contracts Harmony maintains a derivative programme for Hidden Valley by entering into commodity derivative contracts. The contracts comprise US$ gold forward sale contracts as well as US$ gold zero cost collars and silver zero cost collars which establish a minimum (floor) and maximum (cap) commodity sales price. Hedge accounting is applied to all US$ gold forward sale contracts and US$ gold zero cost collars, shown separately from the silver zero cost collars that are not hedge accounted. (c) Foreign exchange contracts Harmony maintains a foreign exchange derivative programme in the form of zero cost collars, which sets a floor and cap Rand/US$ exchange rate at which to convert US dollars to Rands, and foreign exchange forward contracts (FECs). Hedge accounting is not applied to these contracts. 17 Derivative financial instruments continued Hedging contracts Figures in million (SA Rand) Rand gold forwards (a) US$ gold forwards (b) US$ silver Foreign exchange contracts Total At 30 June 2023 Derivative financial assets 179 67 44 89 379 Non-current 135 33 16 85 269 Current 44 34 28 4 110 Derivative financial liabilities (1 291) (19) — (221) (1 531) Non-current (401) — — (69) (470) Current (890) (19) — (152) (1 061) Net derivative financial instruments (1 112) 48 44 (132) (1 152) Unrealised gains/(losses) included in other reserves, net of tax (808) 55 — — (753) Movements for the year ended 30 June 2023 Realised gains/(losses) included in revenue (209) 25 — — (184) Unrealised losses on gold contracts recognised in other comprehensive income (1 748) (34) — — (1 782) Gains/(losses) on derivatives — — 21 (145) (124) Day one loss amortisation (66) (4) — — (70) Total gains/(losses) on derivatives (66) (4) 21 (145) (194) Hedge effectiveness Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness (1 748) (34) — — (1 782) Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness 1 748 34 — — 1 782 Movements for the year ended 30 June 2022 Realised gains/(losses) included in revenue 602 (105) — — 497 Unrealised gains/(losses) on gold contracts recognised in other comprehensive income (292) 50 — — (242) Gains/(losses) on derivatives — — 114 (16) 98 Day one loss amortisation (39) (6) — — (45) Total gains/(losses) on derivatives (39) (6) 114 (16) 53 Hedge accounting During April 2024, Harmony added gold zero cost collar (gold collar) hedging contracts to the gold forward sale derivative contracts to hedge the risk of lower gold prices. Cash flow hedge accounting is applied to the majority of these contracts, resulting in the effective portion of the unrealised gains and losses being recorded in other comprehensive income (other reserves – refer to note 23). Refer to note 37 for a summary of the risk management strategy applied and the balances relating to designated hedging instruments as at reporting date. Hedge effectiveness is determined at the inception of the hedge relationship and through periodic prospective effectiveness assessments. The group enters into gold forward and gold zero cost collar contracts that have similar terms as the hedged item, such as notional amount, maturity date and reference gold spot price thereby ensuring that an economic relationship exists between the hedging instrument and the hedged item and resulting in a hedge ratio of 1:1. Potential sources of hedge ineffectiveness include counterparty and own credit risk, day one gains and losses, a mismatch in the timing of the derivative and underlying gold sale maturities, location differential and the refining margin. Hedge ineffectiveness is measured by comparing the change in the expected cash flows from a forward sale contract versus the sale of an equivalent quantity of gold in the open market. Ineffectiveness results when the changes in the fair values in the hedging instruments exceed the fair value changes in the hedged item. A negligible amount of hedge ineffectiveness was experienced in the years presented. 17 Derivative financial instruments continued Hedge accounting continued A new limit for gold hedging was approved by the Board in April 2024 as 30%, 20% and 10% of production in a 12-, 24- and 36-month period, respectively, for contracts going forward. Refer to note 37 for further details. The gains and losses from derivative contracts to which hedge accounting is not applied are included in gains/(losses) on derivatives in profit or loss. During the current financial year the hedging policy was expanded to a 36-month period from a 24-month period at 30 June 2023. Consequently, the disclosure of open positions is now presented on a bi-annual basis compared to a quarterly basis in the prior years. HY1 represents the the period July to December and HY2 represents the period January to June. The following table shows the open position at the reporting date: FY25 FY26 FY27 Total HY1 HY2 HY1 HY2 HY1 HY2 At 30 June 2024 Foreign exchange contracts Zero cost collars US$m 178 146 48 18 — — 390 Average floor – R/US$ 18.48 19.30 19.21 19.57 — — 18.93 Average cap – R/US$ 20.48 21.31 21.21 21.57 — — 20.93 Forward contracts US$m 75 67 36 9 — — 187 Average forward rate – R/US$ 19.53 20.05 20.12 20.40 — — 19.79 Commodity contracts Rand gold forward contracts 000 oz – cash flow hedge 192 188 152 82 14 10 638 Average R'000/kg 1 253 1 365 1 389 1 550 1 679 1 734 1 373 US$ gold forward contracts 000 oz – cash flow hedge 20 19 18 11 5 2 75 Average US$/oz 2 151 2 155 2 249 2 496 2 634 2 695 2 273 Rand gold zero cost collar contracts 000 oz – cash flow hedge 24 22 4 26 50 44 170 Average floor – R'000/kg 1 346 1 412 1 463 1 534 1 577 1 618 1 524 Average cap – R'000/kg 1 523 1 591 1 672 1 726 1 786 1 827 1 722 US$ gold zero cost collar contracts 000 oz – cash flow hedge 2 2 6 7 7 7 31 Average floor – US$/oz 2 260 2 302 2 391 2 448 2 499 2 536 2 447 Average cap – US$/oz 2 510 2 552 2 658 2 721 2 786 2 818 2 721 Total gold contracts 000 oz – cash flow hedge 238 231 180 126 76 63 914 US$ silver contracts 000 oz 600 600 600 430 — — 2 230 Average floor – US$/oz 25.13 26.70 28.14 29.59 — — 27.22 Average cap – US$/oz 27.95 29.55 31.20 32.83 — — 30.20 17 Derivative financial instruments continued The following table shows the open position at the reporting date: FY24 FY25 Total HY1 HY2 HY1 HY2 At 30 June 2023 Foreign exchange contracts Zero cost collars US$m 156 156 154 96 562 Average floor – R/US$ 17.56 17.93 18.48 19.53 18.25 Average cap – R/US$ 19.48 19.90 20.49 21.55 20.23 Forward contracts US$m 72 72 69 37 250 Average forward rate – R/US$ 18.94 18.94 19.53 20.30 18.96 Commodity contracts Rand gold forward contracts 000 oz – cash flow hedge 156 150 144 102 552 Average R'000/kg 1 087 1 146 1 207 1 341 1 181 US$ gold forward contracts 000 oz – cash flow hedge 18 18 15 4 55 Average US$/oz 1 901 2 079 2 136 2 175 2 043 Total gold contracts 000 oz – cash flow hedge 174 168 159 106 607 US$ silver contracts 000 oz 480 480 420 160 1540 Average floor – US$/oz 24.22 24.54 24.79 25.66 24.62 Average cap – US$/oz 27.00 27.36 27.79 28.66 27.50 Refer to note 37 for the details on the fair value measurements.

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Trade and Other Receivables	Trade and other receivables SA Rand Figures in million 2024 2023 Financial assets Trade receivables (metals) 1 239 1 179 Other trade receivables 401 460 Loss allowance (212) (211) Trade receivables – net 1 428 1 428 Interest and other receivables 150 121 Employee receivables 10 12 Non-financial assets Prepayments 355 189 Value added tax and general sales tax 625 570 Income and mining taxes 36 75 Total trade and other receivables 2 604 2 395 18 Trade and other receivables continued The movement in the loss allowance for trade and other receivables during the year was as follows (refer to note 37 for details): SA Rand Figures in million 2024 2023 Balance at beginning of year 211 204 Increase in loss allowance recognised during the year 49 155 Reversal of loss allowance during the year (48) (148) Balance at end of year 212 211 The movement relates to various individually immaterial debtors. The loss allowance for trade and other receivables stratified according to the ageing profile at the reporting date is as follows: SA Rand Figures in million Gross Loss 30 June 2024 Not past due 1 1 364 — Past due by 1 to 30 days 33 12 Past due by 31 to 60 days 21 9 Past due by 61 to 90 days 15 7 Past due by more than 90 days 54 50 Past due by more than 361 days 153 134 Total 1 640 212 30 June 2023 Not past due 1 1 331 — Past due by 1 to 30 days 64 29 Past due by 31 to 60 days 22 14 Past due by 61 to 90 days 42 9 Past due by more than 90 days 42 38 Past due by more than 361 days 138 121 Total 1 639 211 1 The gross amount includes the full trade receivables (metals) balance, which has no attributable loss allowance. There were no renegotiations of the terms of any receivables during 2024 and 2023. As at 30 June 2024 and 30 June 2023, there was no collateral pledged or held for any of the receivables.

Investments in Associates

Investments in Associates	12 Months Ended
	Jun. 30, 2024
Interest in Other Entities [Abstract]
Investments in Associates	Investments in associates Critical accounting estimates and judgements The investments in associates are evaluated for impairment by comparing the entire carrying value of the investment (including loans to associates and preference shares) to the recoverable amount, which is the higher of value in use or fair value less costs to sell. Discounted cash flow models are used to calculate the net present value of the investments. The cash flows in the models include expected interest and capital payments on loans, dividends, redemption amounts and proceeds on disposal. (a) Harmony acquired a 32.40% interest in Pamodzi on 27 February 2008, initially valued at R345 million. Pamodzi was listed on the JSE and had interests in operating gold mines in South Africa. Pamodzi was placed in liquidation in March 2009. As at 30 June 2024, to the best of our knowledge, the liquidation process has not been concluded. Refer to note 16(a) for details of the loan and provision for impairment of the loan. (b) Rand Refinery provides precious metal smelting and refining services in South Africa. Harmony holds a 10.38% share in Rand Refinery. This investment is a strategic investment for the group as Rand Refinery is the only company that provides such services in South Africa. Although the group holds less than 20% of the equity shares of Rand Refinery, the group is able to exercise significant influence by virtue of having a right to appoint a director on the board. Through the 10.38% shareholding and the right to appoint a director on the board, the investment has been accounted for as an associate. Rand Refinery has a 31 August financial year-end. In the current year, a dividend of R27 million (2023: R71 million) was received from Rand Refinery.

Investment in Joint Operations

Investment in Joint Operations	12 Months Ended
	Jun. 30, 2024
Interest in Other Entities [Abstract]
Investment in Joint Operations	Investment in joint operations The group has a 50% interest in certain mining and exploration assets located in the Morobe province, PNG. Newmont Corporation owns the remaining 50% interest in these assets. The asset in the joint arrangement is the Wafi-Golpu project. The joint arrangement is accounted for as a joint operation. State participation Under the conditions of the Wafi-Golpu exploration tenements, the PNG government (the State) has reserved the right prior to the commencement of mining to take up an equity interest of up to 30% of any mineral discovery within the Wafi-Golpu tenements. The right is exercisable by the State once at any time prior to the commencement of mining. If the State exercises this right, the exercise price is a pro-rata share of the accumulated exploration expenditure. Once the right is exercised, the State is responsible for its proportionate share of ongoing exploration and project development costs. The State has indicated its intention to exercise its option in full, however, as at 30 June 2024, this option has not been exercised. Permitting Special Mining Lease In August 2016, application was made to the Mineral Resources Authority for a Special Mining Lease (SML) under the PNG Mining Act 1992. The application was subsequently updated and amended in March 2018. There have been considerable delays in the permitting process. These include a judicial review instituted in 2019 by the Governor and Government of Morobe Province in connection with a memorandum of agreement (MoU) entered into in December 2018 between the State of PNG and the project proponents regarding progress towards a Mining Development Contract (MDC). The State withdrew from the MoU in 2019, however, meaningful negotiations with the PNG State Negotiating Team only recommenced in the second half of 2022. In April 2023 and the project proponents entered into a Framework Memorandum of Understanding with the State, setting out the key terms and principles to guide the negotiation and preparation of the MDC and other Project agreements.The Wafi-Golpu Project will progress to development only once all Project agreements have been executed and SML 10 and all other associated tenements and permits are granted. Permitting and other contract negotiations are ongoing. Any potential future development of the Wafi-Golpu Project is subject to further studies, completion of the remaining statutory processes, receipt of all necessary or desirable government permissions and approvals, market and operating conditions as well as approval by the board of directors of the Wafi-Golpu Joint Venture and of both Newmont Corporation and Harmony. Environment Permit In July 2018, application was made to the Conservation and Environment Protection Authority for an Environment Permit under the PNG Environment Act 2000, by the submission under the Act of an Environmental Impact Statement. The Environment Permit was granted in December 2020. During March 2021, the Governor and Government of the Morobe Province instituted a judicial review in the Lae National Court against the grant by the Minister for the Environment of the Environment Permit, pending the resolution of which review the grant of an SML was stayed. Following an appeal to the Supreme Court, the National Court stay order was itself stayed. The project proponents are not parties to this proceeding, and the present Governor, who was appointed in September 2022, has stated publicly that he intends to withdraw the proceedings instituted by his predecessor, however as at 30 June 2024 has not yet done so. In December 2022, coastal villagers represented by the Centre for Environmental Law and Community Rights Inc (CELCOR) commenced legal proceedings also seeking judicial review of the grant of the environment permit. An application by CELCOR for the proceedings to be joined with those of the governor and Morobe Provincial Government was dismissed by the Supreme Court, but the proceedings were subsequently informally associated by order of court. CELCOR successfully appealed the informal order and the judicial review is presently proceeding independently. Either of the proceedings, if determined against the State and the Minister for Environment, could result in the setting aside of the Environment Permit, the staying of the permitting process or the grant of the SML. Such an event could delay the development progress of the project. Carrying amount and impairment considerations The carrying amount of the project amounts to R2.8 billion (2023: R3.1 billion

Inventories

Inventories	12 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Inventories	Inventories Accounting policy Inventories, which include finished inventories (includes bullion on hand), work in process, gold in lock-up, ore stockpiles and consumables, are measured at the lower of cost and net realisable value. Net realisable value is assessed at each reporting date and is determined with reference to relevant market prices. The cost of finished inventories, work in process and gold in lock-up is determined by reference to production cost, including amortisation and depreciation at the relevant stage of production. Ore stockpiles are valued at average production cost. Stockpiles and gold in lock-up are classified as non-current assets where the stockpile's volume exceeds current processing capacity and where a portion of static gold in lock-up is expected to be recovered more than 12 months after balance sheet date. Work in process inventories represent materials that are currently in the process of being converted to a saleable product. In - process material is measured based on assays of the material fed to process and the projected recoveries at the respective plants. In-process inventories are valued at the average cost of the material fed to process attributable to the source material coming from the mine or stockpile plus the in-process conversion costs, including the applicable depreciation relating to the process facility, incurred to that point in the process. Gold-in-process includes dynamic gold in lock-up, which is generally measured from the plants onwards. Final gold in lock-up is expected to be extracted when plants are demolished at the end of their useful lives, which is largely dependent on the estimated useful life of the operations feeding the plants. At the group’s open pit operations, gold-in-process represents production in broken ore form. Consumables are valued at weighted average cost value after appropriate allowances for slow-moving and redundant items. Critical accounting estimates and judgements Judgement is applied in estimating the provision for stock obsolescence. The provision is recognised on items not considered critical as a percentage of the value of the inventory, depending on the period elapsed since the inventory was purchased or issued. Inventory held for longer than five years is written down to zero unless there is sufficient evidence of a recoverable amount. SA Rand Figures in million 2024 2023 Final gold in lock-up 180 138 Work in process, ore stockpiles and finished inventories (a) 1 533 1 095 Consumables at weighted average cost (net of provision) 2 070 2 170 Total inventories 3 783 3 403 Non-current portion of final gold in lock-up included in Other non-current assets (180) (138) Total current portion of inventories 3 603 3 265 Included in the balance above is: Inventory valued at net realisable value 1 145 138 1 The inventory at net realisable value relates to non-current gold in lock-up. (a) The increase is mainly due to a 301kg increase in gold stock volume in South African operations, combined with a higher cost per kilogram attributable to the gold stock at Hidden Valley, together accounting for R411 million of the increase. During the year, the provision for slow-moving and redundant stock decreased by R12 million (2023: increase of R85 million). The total provision at 30 June 2024 was R480 million (2023: R492 million).

Share Capital

Share Capital	12 Months Ended
	Jun. 30, 2024
Share Capital, Reserves and Other Equity Interest [Abstract]
Share Capital	Share capital Accounting policy Ordinary shares are classified as equity, incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. The cost of treasury shares is eliminated against the share capital balance. Authorised 1 200 000 000 (2023: 1 200 000 000) ordinary shares with no par value. 6 866 103 (2023: 4 400 000) convertible preference shares with no par value. Issued 632 634 413 (2023: 618 071 972) ordinary shares with no par value. All issued shares are fully paid. 6 866 103 (2023: 4 400 000) convertible preference shares with no par value. Share issues Share issues relating to employee share options An additional 1 910 916 (2023: 1 546 270) shares were issued to settle the exercise of share options by employees relating to Harmony's management share option schemes. In the current financial year, Harmony implemented a new employee share option scheme referred to as the Katleho ya Moruo (Harmony ESOP Trust). On 4 April 2024 a total of 12 651 525 shares were issued to the Harmony ESOP Trust as part of the new scheme. These shares will be used to facilitate the non-managerial share based payment scheme. Note 34 sets out the details in respect of the share option schemes. Convertible preference shares On 21 February 2024, Harmony issued 2 466 103 convertible preference shares to the Harmony Gold Community Trust. The convertible preference shares carry a minimum annual preference dividend of R2 per share and are convertible into ordinary shares on a 1:1 basis after the tenth anniversary of the date on which the shares were issued. The conversion is at the election of Harmony. Treasury shares Included in the total of issued shares are the following treasury shares: Number of shares 2024 2023 Ordinary shares Lydenburg Exploration Limited 1 335 335 Kalgold Share Trust 2 47 046 47 046 Harmony ESOP Trust 2 12 651 525 — Convertible preference shares Harmony Gold Community Trust 3 6 866 103 4 400 000 1 A wholly-owned subsidiary. 2 Trust controlled by the group. 3

Other Reserves

Other Reserves	12 Months Ended
	Jun. 30, 2024
Disclosure of reserves within equity [abstract]
Other Reserves	Other reserves SA Rand Figures in million 2024 2023 Foreign exchange translation reserve (a) 3 277 4 220 Hedge reserve (b) (1 389) (753) Time value reserve (b) 137 — Share-based payments (c) 3 607 3 363 Post-retirement benefit actuarial gain/(loss) (d) (3) — Equity instruments designated at fair value through other comprehensive income (e) 203 178 Acquisition of non-controlling interest in subsidiary (f) (381) (381) Equity component of convertible bond (g) 277 277 Repurchase of equity interest (h) (98) (98) Other (28) (28) Total other reserves 5 602 6 778 (a) The foreign exchange translation reserve movement represents the cumulative translation effect of the group's off-shore operations. Refer to note 37 for details on the exchange rate movements year on year. (b) Harmony has entered into gold hedging contracts. Cash flow hedge accounting is applied to these contracts, resulting in the effective portion of the unrealised gains and losses being recorded in other comprehensive income (other reserves). Harmony introduced gold collar hedging contracts during April 2024. The changes in time value relating to these gold collars has been included in the time value reserve and presented separately from the changes in intrinsic value of all Harmony’s gold hedging contracts. Refer to note 17 for further information. The reconciliation of the hedge and time value reserves are as follows: SA Rand Figures in million Hedge reserve Time value reserve Total At 30 June 2024 Balance at beginning of year (753) — (753) Remeasurement of gold hedging contracts (636) 137 (499) Unrealised loss on gold hedging contracts (1 891) 157 (1 734) Released to revenue 1 265 — 1 265 Foreign exchange translation 10 (1) 9 Deferred taxation thereon (20) (19) (39) Balance at end of year (1 389) 137 (1 252) Attributable to: Rand gold hedging contracts (1 192) 123 (1 069) US dollar gold hedging contracts (197) 14 (183) At 30 June 2023 Balance at beginning of year 480 — 480 Remeasurement of gold hedging contracts (1 233) — (1 233) Unrealised gain on gold hedging contracts (1 782) — (1 782) Released to revenue 184 — 184 Foreign exchange translation 6 — 6 Deferred taxation thereon 359 — 359 Balance at end of year (753) — (753) Attributable to: Rand gold hedging contracts (808) — (808) US dollar gold hedging contracts 55 — 55 23 Other reserves continued (c) The reconciliation of the movement in the share-based payments is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 3 363 3 249 Share-based payments expensed (i) 244 114 Balance at end of year 3 607 3 363 (i) The group issues equity-settled instruments to certain qualifying employees under an employee share option scheme and employee share ownership plan (ESOP) to award shares from the company’s authorised but unissued ordinary shares. Equity share-based payments are measured at the fair value of the equity instruments at the grant date and are expensed over the vesting period, based on the group’s estimate of the shares that are expected to vest. The increase relates to the costing under the new equity-settled plan known as the Katleho ya Moruo Employee Share Ownership Plan (Katleho ya Moruo ESOP) from 4 April 2024. Refer to note 34 for further details. (d) The actuarial gains or losses related to the post-retirement benefit obligation will not be reclassified to the income statement Refer to note 25. (e) Includes R123 million (2023: R114 million) related to the cumulative fair value movement of Harmony's interest in Rand Mutual Assurance. Refer to note 16. The remainder relates to investments held by the environmental trusts. (f) On 15 March 2004, Harmony announced that it had made an off-market cash offer to acquire all the ordinary shares, listed and unlisted options of Abelle Limited, held by non-controlling interests. The excess of the purchase price of R579 million over the carrying amount of non-controlling interest acquired, amounting to R381 million, has been accounted for under other reserves. (g) On 24 May 2004, the group issued a convertible bond. The amount representing the value of the equity conversion component is included in other reserves, net of deferred income taxes. The equity conversion component is determined on the issue of the bonds and is not changed in subsequent periods. The convertible bonds were repaid in 2009. (h) On 19 March 2010, Harmony Gold Mining Company Limited concluded an agreement with African Vanguard Resources (Proprietary) Limited (AVRD), for the purchase of its 26% share of the mining titles of the Doornkop South Reef. The original sale of the 26% share in the mining titles was accounted for as an in-substance call option by AVRD over the 26% mineral right. The agreement to purchase AVRD's 26% interest during the 2010 financial year was therefore considered to be a repurchase of the option (equity interest). The 26% interest was transferred from AVRD to Harmony in exchange for Harmony repaying the AVRD Nedbank loan and the issue of 2 162 359 Harmony shares. The difference between the value of the shares issued of R152 million, the liability to the AVRD and transaction costs, have been taken directly to equity.

Provision for Environmental Reh

Provision for Environmental Rehabilitation	12 Months Ended
	Jun. 30, 2024
Provision For Environmental Rehabilitation [Abstract]
Provision for Environmental Rehabilitation	Provision for environmental rehabilitation Accounting policy Estimated long-term environmental obligations, comprising pollution control, rehabilitation and mine closure, are based on the group’s environmental management plans in compliance with current technological, environmental and regulatory requirements. Based on disturbances to date, the net present value of expected rehabilitation cost estimates is recognised and provided for in full in the financial statements. The estimates are reviewed annually and are discounted using a pre-tax risk-free rate that is adjusted to reflect the current market assessments of the time value of money and the risks specific to the obligation. Annual changes in the provision consist of finance costs relating to the change in the present value of the provision and inflationary increases in the provision estimate, as well as changes in estimates. The present value of environmental disturbances created is capitalised to mining assets against an increase in the rehabilitation provision. If a decrease in the liability exceeds the carrying amount of the asset, the excess is recognised immediately in the income statement. If the asset value is increased and there is an indication that the revised carrying value is not recoverable, impairment is assessed in accordance with the accounting policy dealing with impairments of non-financial assets (refer to note 2.5). Rehabilitation projects undertaken included in the estimates are charged to the provision as incurred. The cost of ongoing current programmes to prevent and control pollution is charged against income as incurred. Over time, the liability is increased to reflect an interest element, and the capitalised cost is depreciated over the life of the related asset. Critical accounting estimates and judgements Significant judgement is applied in estimating the ultimate rehabilitation cost that will be required in future to rehabilitate the group’s mines, related surface infrastructure and tailings dams. Ultimate cost may significantly differ from current estimates. The following rates were used in the calculation of the provision: % 2024 2023 2022 South African operations Inflation rate – short term (Year 1) 5.83 6.59 6.55 – short term (Year 2) 5.68 5.65 5.20 – medium term (Year 3) 1 5.64 5.68 n/a – long term (Year 3 onwards) 1 n/a n/a 5.50 – long term (Year 4 onwards) 1 5.64 5.64 n/a Discount rates 2 – 12 months 9.00 9.30 5.50 – one to five years — 9.20 8.30 – two to four years 9.20 — — – five to seven years 10.90 — — – six to nine years — 10.60 9.90 – ten years or more 12.00 12.10 10.90 – fifteen years or more 12.60 — — – twenty years or more 12.70 — — PNG operations Inflation rate 4.74 4.84 5.33 Discount rate 10.33 9.33 8.45 1 In 2023, management refined the approach for applying inflation rate assumptions in the calculation. 2 In 2024, the grouping of the discount rates were updated to reflect the changes in the concentration of the lives of group’s mines. The group’s mining and exploration activities are subject to extensive environmental laws and regulations. The group has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation costs are based principally on legal and regulatory requirements. 24 Provision for environmental rehabilitation continued The following is a reconciliation of the total provision for environmental rehabilitation: SA Rand Figures in million 2024 2023 Balance at beginning of year 5 473 5 013 Change in estimate – Balance sheet 1 (531) (111) Change in estimate – Income statement 3 32 Utilisation of provision (117) (120) Time value of money and inflation component of rehabilitation costs 486 483 Translation (159) 176 Balance at end of year 5 155 5 473 1 The majority of the change in 2024 relates to the inclusion of the deepening project for Mponeng in its life of mine plan. This increased the number of years and together with higher discount rates resulted in a significant decrease in the net present value of the liability. In 2023, there were no significant changes other than an increase in discount rates. The environmental provision for PNG amounts R1 446 million (2023: R1 478 million) and is unfunded due to regulations in the operating country. While the ultimate amount of rehabilitation costs to be incurred in the future is uncertain, the group has estimated that, based on current environmental and regulatory requirements, the total undiscounted cost for the operations, in current monetary terms, is as follows: SA Rand Figures in million 2024 2023 Future net undiscounted obligation Ultimate estimated rehabilitation cost 8 387 7 930 Amounts invested in environmental trust funds (refer to no te 15 ) (6 030) (5 673) Total future net undiscounted obligation 2 357 2 257 The group is required to adhere to the National Environmental Act's (NEMA) financial provision requirements. They are also required to substantively review and align their financial provision in accordance with these regulations during the relevant transitional period, which has now been extended with no firm date given. The group intends to finance the ultimate rehabilitation costs from the money invested in environmental trust funds as well as the proceeds on the sale of assets and gold from plant clean-up at the time of mine closure. The group has guarantees in place, some cash-backed, relating to some of the environmental liabilities. Refer to notes 15 and 36.

Other Provisions

Other Provisions	12 Months Ended
	Jun. 30, 2024
Other Provisions1 [Abstract]
Other Provisions	Other provisions SA Rand Figures in million 2024 2023 Provision for silicosis settlement (a) 255 549 Retirement benefit obligation (b) 290 264 Total other provisions 545 813 Current portion of other provisions 19 180 Non-current portion of other provisions 526 633 . Provision for silicosis settlement Critical accounting estimates and judgements Significant judgement is applied in estimating the cost that will be required in future to settle any claims against certain of the group’s mines. The ultimate cost may differ from current estimates. The provision amount was based on estimates of the number of potential claimants, levels of disease progression and take-up rates. These estimates were informed by historic information, published academic research and professional opinion. The key assumptions that were made in the determination of the provision amount include: • Silicosis prevalence rates • Estimated settlement per claimant • Benefit take-up rates • Disease progression rates • Timing of cash flows A discount rate of 9.3% (2023: 9.5%) (2022: 6.5%) was used, based on South African government bonds with similar terms to the obligation. There is uncertainty with regard to the rate at which potential claims would be reported as well as the benefit take-up rates. Refer to sensitivity analysis on the key assumptions below. Harmony and certain of its subsidiaries (Harmony group), together with other mining companies, were named in a class action suit for silicosis and tuberculosis which was certified by the Johannesburg High Court in May 2016. On 26 July 2019, the Johannesburg High Court approved the settlement of the silicosis and tuberculosis class action suit between the Occupational Lung Disease Gold Working Group (the Working Group) – representing Gold Fields, African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Harmony and Sibanye Stillwater – and lawyers representing affected mineworkers (settlement agreement). The mandatory three-month period, during which potential beneficiaries could opt out of the settlement agreement and the audit thereof was completed in December 2019. The Tshiamiso Trust was set up to oversee the tracking and tracing of class members, process all submitted claims, including the undertaking of benefit medical examinations, and pay benefits to eligible claimants. A jointly controlled Special Purpose Vehicle has been set up to act as an agent for the Working Group in relation to certain matters set out in the settlement agreement and trust deed. Claims will be accepted for a twelve-year period with an effective date of December 2019. The Working Group paid the legal costs of the claimants’ attorneys and other initial amounts as set out in the settlement agreement in 2021. On 31 January 2020, the Working Group commenced the payment of their quarterly administration and benefit contributions to the Tshiamiso Trust to enable the trustees to settle benefits of eligible claimants. Those payments are revisited as necessary annually, based on activities and claims. Harmony has provided for the estimated cost of the settlement based on actuarial assessments. A portion of the provision has been transferred to current liabilities. The nominal amount for Harmony group at 30 June 2024 is R355 million. 25 Other provisions continued (a) Provision for silicosis settlement continued The following is a reconciliation of the total provision for the silicosis settlement: SA Rand Figures in million 2024 2023 Balance at beginning of year 549 820 Change in estimate 1 (174) (183) Time value of money and inflation component 33 67 Payments 2 (153) (155) Balance at end of year 255 549 Current portion of silicosis settlement provision 3 19 180 Non-current portion of silicosis settlement provision 236 369 1 The change in estimate relates mainly to a change in the assumptions due to the availability of actual exit data and an adjustment to the take-up rate, which resulted in a decrease of the estimated obligation as at 30 June 2024. 2 These payments comprise of the administration and benefit contributions to the Tshiamiso Trust. 3 During the second half of FY24, Harmony had surplus funds available in the Tshiamiso Trust therefore no further benefit contributions have been made per instruction of the Tshiamiso Trust. Sensitivity analysis Management has considered the information available regarding key assumptions, as well as the uncertainties and term of the projections, and determined variances for a reasonable (possible) range to apply to the key assumptions. Information considered included medical data and evidence from the silicosis claim process. Management also considered the guidance provided by the actuarial specialists as to what could be a reasonably possible change for each item. The impact of these reasonable possible changes on the assumptions would increase or decrease the provision amount by the following amounts: SA Rand Figures in million 2024 2023 Effect of an increase in the assumption: Change in benefit take-up rate 1 67 81 Change in silicosis prevalence 2 67 81 Change in disease progression rates 3 25 61 Effect of a decrease in the assumption: Change in benefit take-up rate 1 (67) (81) Change in silicosis prevalence 2 (67) (81) Change in disease progression rates 3 (25) (61) 1 Change in benefit take-up rate: the take-up rate does not significantly affect the administration fees, but a 10% change results in a proportionate change in the base compensation values. 2 Change in the silicosis prevalence: the assumptions that will result in a change in the estimated number of cases are either a 10% change in the assumed labour numbers or a 10% change in the disease risk. 3 Change in disease progression rates: a 10% shorter/longer disease progression period was used, which results in more advanced silicosis cases. This assumption is not applicable to the dependant or tuberculosis classes. The above sensitivity analysis is based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. A change in the settlement claim amount would result in a change in the provision amount on a Rand for Rand basis. The ultimate outcome of this matter remains uncertain, with the number of eligible potential claimants successfully submitting claims and receiving compensation being uncertain. The provision recorded in the financial statements is consequently subject to adjustment or reversal in the future. Retirement benefit obligation Critical accounting estimates and judgements An updated actuarial valuation is carried out at the end of each financial year. Assumptions used to determine the liability include a discount rate of 12.2%, no increases in employer subsidies (in terms of the agreement), mortality rates according to the SA 1956/62 mortality table (SA ”a mf” tables) (retirement age of 60) and a medical inflation rate of 9.7% (2023: discount rate of 13.5%, retirement age of 60 and 10.1% inflation rate) (2022: discount rate of 12.3%, retirement age of 60 and 9.0% inflation rate). Management determined the discount rate by assessing South African government bonds with similar terms to the liability. The changes to the discount rate and medical inflation rate are similar to changes in interest and inflation rates in South Africa. 25 Other provisions continued (b) Retirement benefit obligation continued Pension and provident funds The group contributes to several pension and provident funds governed by the Pension Funds Act, 1956 for the employees of its South African subsidiaries. The pension funds are multi-employer defined contribution industry plans. The group’s liability is therefore limited to its monthly determined contributions. The provident funds are funded on a “monetary accumulative basis” with the member’s and employer’s contributions having been fixed in the constitution of the funds. The Australian group companies make contributions to each employee’s superannuation (pension) funds in accordance with the Superannuation Guarantee Scheme (SGS). The SGS is a Federal Government initiative enforced by law which compels employers to make regular payments to regulated funds providing for each employee on their retirement. The SGS was set at a minimum of 11.0% of gross salary and wages for the 2024 year (2023: 10.5%). The fund is a defined contribution plan. The PNG Superannuation Act 2002 requires a compulsory employer contribution of 8.4% (2023: 8.4%) into an approved superannuation (pension) fund if an employee is appointed for a period of three months or more. The approved superannuation funds are defined contribution plans. Substantially all the group’s employees are covered by the above mentioned retirement benefit plans. Funds contributed by the group for the 2024 financial year amounted to R1 226 million (2023: R1 146 million). Post-retirement benefits other than pensions Harmony inherited post-retirement medical benefit obligations with the Freegold acquisition in 2002, the Moab Khotsong acquisition in 2018 and the Mponeng acquisition in 2021. Except for the above mentioned employees, Harmony has no other post-retirement benefit obligation for the other group employees. The group’s obligation is to pay a subsidy of 2% for every completed year of employment up to a maximum of 50% of total medical aid contributions, commencing on date of retirement. Should the employee die, either in service or after retirement, this benefit will transfer to his/her dependants. The medical aid tariffs are based on the Bestmed medical scheme (Bestmed) options. The principal actuarial assumptions used to determine the present value of unfunded obligations are discussed above. In addition, the following was also considered: • It is assumed that all Continuation and Widow Members (CAWMs) will remain on the current benefit option and income band. For employed members, post-employment contributions were assumed to be equal to the average payable for the current CAWMs membership • It is assumed that not all employed members will remain employed until retirement therefore estimated resignation and ill-health retirement rates are also taken into account • It is assumed that 90% of employed members will be married at retirement or earlier death and that wives are four years younger than their husbands. Through the post-employment medical plan, the group is exposed to a number of risks, the most significant of which are discussed below: • Change in bond yields: A decrease in the bond yields will increase the plan liability • Inflation risk: The obligation is linked to inflation and higher inflation will lead to a higher liability • Life expectancy: The obligation is to provide benefits for the life of the member, so increases in life expectancy will result in an increase in the plan’s liabilities. The liability is based on an actuarial valuation conducted during the year ended 30 June 2024, using the projected unit credit method. Subsequent to 30 June 2024, Harmony entered into an agreement with RMA Life Assurance Company Limited (RMA) to transfer the liability in respect of the medical promise and medical aid subsidy, and the administration thereof, from Harmony to RMA. Refer to note 38 for details. 25 Other provisions continued (b) Retirement benefit obligation continued Post-retirement benefits other than pensions continued SA Rand Figures in million 2024 2023 Present value of all unfunded obligations 290 264 Current employees 101 100 Retired employees 189 164 The movement in the retirement benefit obligation is as follows: Balance at beginning of year 264 251 Contributions paid (16) (14) Other expenses included in staff costs/current service cost 3 3 Finance costs 35 30 Net actuarial (gain)/loss recognised in other comprehensive income during the year 4 (6) Balance at end of year (non-current) 290 264 The net actuarial loss for 2024 mainly due to a lower net discount rate driven by the low interest rates assumed and used (2023: the net actuarial gain mainly resulted due to the results of the higher real rate of discount assumed and used). SA Rand Figures in million 2024 2023 The net liability of the defined benefit plan is as follows: Present value of defined benefit obligation 290 264 Fair value of plan assets — — Net liability of defined benefit plan 290 264

Leases

Leases	12 Months Ended
	Jun. 30, 2024
Disclosure of leases [Abstract]
Disclosure of leases [text block]	Leases Accounting policy The group assesses the presence of leases in supply contracts with external parties as at the commencement date of the agreement. Having determined that a contract contains a lease asset (and respective contractual cash obligations), Harmony recognises a right-of-use asset and lease liability. The group discloses expensed amounts for contracts assessed as variable leases, low value asset leases and short-term leases. The disclosed value of these expensed leases is either determined on a straight-line basis over the duration of the lease or on a systematic basis that fairly indicates the consumption of the lease contract. All expensed lease contracts are recognised in production costs, corporate, administration and other expenditure in the income statement. The group applies the following practical expedients when assessing lease contracts: • The low value lease exemption – the group has elected to take the low value exemption with a value of R50 000 for the individual leased asset value and also applied its accounting policy on capitalisation of assets based on IAS 1 materiality assessment • The short-term lease exemption – leases with a duration of less than a year will be expensed in the income statement on a straight-line basis • Non-lease components – the group has applied the practical expedient not to separate non-lease components from lease components, and instead account for each lease component and any associated non-lease components as a single lease component for the classes of the underlying asset where it is appropriate to do so. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the group uses its incremental borrowing rate. The group has applied the IFRS 16 portfolio approach in determining the discount rate for leases. As such, a single discount rate has been used for contracts that share similar characteristics. The group has determined that a portfolio of contracts that are denominated in the same currency may use a single discount rate. This rate has been determined using various factors including in-country borrowings as well as other sources of finance. The nature of the right-of-use assets was also considered. 26 Leases continued Accounting policy continued Lease payments included in the measurement of the lease liability comprise: • Fixed lease payments (including in-substance fixed payments), less any lease incentives • Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date • The amount expected to be payable by the lessee under residual value guarantees • The exercise price of purchase options, if the lessee is reasonably certain to exercise the options • Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The non-current and current portions of the lease liability is included in other non-current liabilities and trade and other payables in the balance sheet respectively. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The group remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used) • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, any initial direct costs and restoration costs as described below. They are subsequently measured at cost less accumulated depreciation and impairment losses. The lease term shall be determined as the non-cancellable period of a lease, together with: • Periods covered by an option to extend the lease if management is reasonably certain to make use of that option and/or • Periods covered by an option to terminate the lease, if management is reasonably certain not to make use of that option. Whenever the group incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognised and measured under IAS 37 Provisions, Contingent Liabilities and Contingent Assets . The costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented in mining assets and non-mining assets as part of the property, plant and equipment line in the balance sheet. The group applies its existing accounting policy on impairment of non-financial assets to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss accordingly. Critical accounting estimates and judgements Key judgements applied in determining the right-of-use assets and lease liability are: • Assessing whether an arrangement contains a lease: various factors are considered, including whether a service contract includes the implicit right to the majority of the economic benefit from assets used in providing the service • Determining the lease term: management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the lessee. The company applies the considerations for short-term leases where leases are modified to extend the period by 12 months or less on expiry and these modifications are assessed on a standalone basis • Determining the discount rate: in determining the incremental borrowing rates, management considers the term of the lease, the nature of the asset being leased, the currency in which the lease payments are denominated, in country borrowings as well as other sources of finance 26 Leases continued Critical accounting estimates and judgements continued Key judgements applied in determining the right-of-use assets and lease liability are: continued • Determination of whether Harmony has control over the special purpose entities (SPVs) owning the photovoltaic generation facilities of the Phase 1 renewable energy program. Harmony has entered into three 15-year agreements whereby Harmony will purchase all the electricity produced by the photovoltaic generation facilities of the Phase 1 renewable energy program at favourable rates. Harmony has no equity or voting interest in the SPVs and did not provide a direct guarantee for any of the obligations of the SPVs towards their shareholders or third-party debt funders. At the end of the PPA tenure, Harmony is obliged to take up, for a nominal amount, either the solar generation facilities or the shares of the SPVs (provided all liabilities in the SPVs are settled at that date). In the event of termination of the agreement by Harmony or in the event of force majeure due to unforeseeable circumstances that prevent one of the parties from fulfilling their obligations set out in the agreements, Harmony is required to assume the photovoltaic generation facilities and would be required to settle all third-party outstanding debt in the SPVs. In some instances Harmony may have to settle all or a portion of outstanding shareholder loans as well as incur a termination penalty. Harmony has assessed these clauses as protective in nature and the exposure to losses are deemed to be remote. Harmony was assessed to not have control over the SPVs based on the assessment that Harmony does not have substantive rights to direct the relevant activities of the SPVs. The payments made for electricity generated by the Phase 1 photovoltaic generation facilities is to be accounted for as variable lease payments once the facilities have been commissioned. The movement in the right-of-use assets is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 553 480 Additions 270 240 Modifications 15 17 Depreciation (248) (259) Terminations (5) (45) Translation (16) 120 Balance at end of year 569 553 The non-current and current portions of the lease liability are included in other non-current liabilities and trade and other payables in the balance sheet respectively. The movement in the lease liabilities is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 526 442 Additions 249 228 Modifications 15 17 Interest expense on lease liabilities 32 28 Lease payments made (278) (229) Terminations (6) — Translation (32) 40 Balance at end of year 506 526 Current portion of lease liabilities 260 216 Non-current portion of lease liabilities 246 310 The maturity of the group's undiscounted lease payments is as follows: SA Rand Figures in million 2024 2023 Less than and including one year 270 235 Between one and five years 182 273 Five years and more 131 128 Total 583 636 26 Leases continued The amounts included in the income statement relating to leases: SA Rand Figures in million 2024 2023 Depreciation of right-of-use assets 1 248 259 Interest expense on lease liabilities 2 32 28 Short-term leases expensed 3 348 154 Leases of low value assets expensed 3 17 28 Variable lease payments expensed 3, 4 2 030 1 678 1 Included in depreciation and amortisation. 2 Included in finance costs. 3 Included in production costs and corporate, administration and other expenditure. 4 These payments relate mostly to mining and drilling contracts as well as contracts for transportation of marginal gold ore. Variable lease payments comprise 76% of the total lease payments made during the period. The majority of the variable lease payments made relate to the contracting of specialists for mining operations at Harmony's open-pit mines and are determined on a per tonne or square metre basis. The total cash outflows for leases are: SA Rand Figures in million 2024 2023 Principal and interest payments made for lease liabilities 278 229 Short-term lease payments 348 154 Lease payments of low value assets leased 17 28 Variable lease payments 2 030 1 678 Total cash outflows for leases 2 673 2 089

Contingent consideration

Contingent consideration	12 Months Ended
	Jun. 30, 2024
Contingent Consideration [Abstract]
Disclosure Of Contingent Consideration Liabilities	Contingent consideration Accounting policy Contingent consideration is initially recognised at fair value in accordance with IFRS 3. Changes in the fair value of the liability subsequent to initial recognition are included in other operating expenses. Critical accounting estimates and judgements The contingent consideration liability comprises of the contingent consideration included as part of the consideration transferred for the acquisition of the Mponeng operations and related assets and Eva Copper (refer to note 13). The Mponeng contingent consideration liability was initially valued at R544 million on 1 October 2020 using the discounted cash flow valuation method, discounted at a post-tax real rate of 10.6%. Other assumptions are the forecast Rand/US dollar exchange rate and life-of-mine plans. Subsequent to initial recognition, the assumptions applied for the valuation of the liability were updated. As at 30 June 2024, the contingent consideration was valued using a post-tax real discount rate of 10.5% (2023: 9.6%) (2022: 10.2%). Refer to note 14 for exchange rate assumptions and other estimates used in the life-of-mine plans. During February 2024, the contingent consideration attributable to the below infrastructure ounces of gold was initially valued at R303 million as a result of the Mponeng’s life-of-mine plan extention project approval. As at 1 October 2020, and at the end of the 2021 to 2023 financial years, the contingent consideration attributable to the below infrastructure ounces of gold was valued at Rnil, as no ounces from below infrastructure sections of the orebody were included in the life-of-mine plan of Mponeng. The Eva Copper contingent consideration was initially valued at R169 million on 16 December 2022 using a probability weighted method for the new resource payment and a discounted cash flow valuation for the excess payment, both discounted at a post-tax nominal rate of 12.9%. Refer to note 13 for further details on the assumptions applied on initial recognition. The fair value calculated for the contingent consideration liability is level 3 in the fair value hierarchy due to the use of unobservable inputs. 27 Contingent consideration continued The contingent consideration liability is attributable to the following business combinations: SA Rand Figures in million 2024 2023 Mponeng 587 404 Eva Copper 378 185 Total contingent consideration 965 589 The movement in the contingent consideration liability is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 589 356 Acquisitions 1 — 169 Payment of Mponeng contingent consideration liability (108) — Remeasurement of contingent consideration (a) 484 64 Balance at end of year 965 589 Current portion of contingent consideration 2 115 — Non-current portion of contingent consideration 850 589 1 Initial recognition of the Eva Copper contingent consideration. 2 Relates to Mponeng contingent consideration for the above-infrastructure ounces being mined. (a) The movement in 2024 includes R291 million due to the change in the Mponeng operation’s production profile, which is based on Mponeng’s life-of-mine plan. It also includes R193 million for the changes in assumptions applied in determining the Eva Copper contingent consideration. These changes relate to a decrease in the discount rate and higher forecasted copper price and inflation rate.

Other Non-Current Liabilities

Other Non-Current Liabilities	12 Months Ended
	Jun. 30, 2024
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract]
Other Non-Current Liabilities	Other non-current liabilities SA Rand Figures in million 2024 2023 Sibanye Beatrix ground swap royalty 1 25 22 Lease liability – non-current 2 246 310 Provision for Harmony Education Benefit Fund 5 5 Total non-current liabilities 276 337 1 The increase in royalty provision is due to an increase in gold prices used in the valuation. 2 Refer to note 26 for an analysis of the lease liability.

Streaming Arrangement

Streaming Arrangement	12 Months Ended
	Jun. 30, 2024
Streaming Contract Liabilities [Abstract]
Disclosure of steaming contract liabilities explanatory	Streaming arrangements Accounting policy The streaming contract was assessed and has been accounted for as an own-use customer contract. At acquisition, the streaming contract was initially recognised at a fair value of R1.4 billion in accordance with IFRS 3. The fair value of the contract took into consideration the existing unfavourable gold price terms at acquisition, in relation to the comparative market gold price. The obligation to deliver the contractually stipulated ounces over the remaining term of the agreement results in a significant financing component. The interest accrues on the contract liability over the remaining contractual term. As the performance obligation to deliver gold is met, the contract liability unwinds into revenue classified as "consideration from streaming contract" in note 4. The current portion of the liability is determined with reference to the current production profile of the operation for the next 12 months. Critical accounting estimates and judgements The fair value of the unfavourable contract liability, which forms part of the streaming arrangement with Franco-Nevada Barbados (Franco-Nevada), was measured as the difference between a market analyst consensus of gold prices and the fixed cash consideration to be received for gold delivered. A post-tax real rate of 11.6% was used to discount the liability over the expected period of delivery to settle the contract. Changes in the production plan will affect the subsequent measurement prospectively. This is the only input that is considered for subsequent measurement. Harmony's cost of debt of 7.7% was used to impute the finance cost for the significant financing component recognised on the streaming contract liability. 29 Streaming arrangements continued Streaming arrangement with Franco-Nevada Barbados Harmony's subsidiary, Chemwes, which owns the Mine Waste Solutions operation (MWS), has a contract with Franco-Nevada. Franco-Nevada is entitled to receive 25% of all the gold produced through MWS. As part of the acquisition of MWS, Harmony assumed the obligations enforced by the Franco-Nevada contract. The contract is a streaming agreement that commenced on 17 December 2008 for which Franco-Nevada paid US$125 million upfront for the right to purchase 25% of the gold production through MWS for a fixed amount of consideration until the balance of gold cap is delivered. As at 1 October 2020, the US$125 million upfront payment has been settled. The gold cap is a provision included in the contract, which stipulates the maximum quantity of gold to be sold to Franco-Nevada over the term of the agreement. The consideration is determined as the lower of the quoted spot gold price as per the London Metals Exchange or US$400 per ounce, adjusted with an annual escalation adjustment. Contract liability and gold delivered Reconciliation of the ounces owed to Franco-Nevada: Figures in ounces (oz) 2024 2023 Balance at beginning of year 38 888 61 157 Delivered (29 724) (22 269) Balance at end of year 9 164 38 888 The contract price receivable in US$/oz for each ounce of gold delivered is as follows: • 17 December 2020 – 16 December 2021: US$437/oz • 17 December 2021 – 16 December 2022: US$442/oz • 17 December 2022 – 16 December 2023: US$446/oz • 17 December 2023 – 30 June 2024: US$451/oz. Reconciliation of the streaming contract liability: SA Rand Figures in million 2024 2023 Balance at beginning of year 390 687 Finance costs related to significant financing component 18 41 Non-cash consideration for delivery of gold ounces (included in Revenue) (323) (338) Balance at end of year 85 390 Current portion of streaming contract liability 85 285 Non-current portion of streaming contract liability — 105

Borrowings

Borrowings	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Borrowings	Borrowings Summary of facilities' terms Commenced Tenor Matures Secured Security Interest payment Interest Repayment term Repaid Existing R2.5 billion revolving credit facility – sustainability linked May 2022 Five years May 2027 2 No Unsecured Variable JIBAR 3 + 2.40% On maturity n/a US$400 million facility – sustainability linked May 2022 Five years May 2027 2 No Unsecured Variable On maturity n/a – US$100 million term facility SOFR + 2.85% – US$300 million revolving credit facility SOFR + 2.70% R1.5 billion facility (green term loan) 1 May 2022 Six years, six months November 2028 No Unsecured Variable JIBAR 3 + 2.65% Bi-annual 4 n/a Matured US$24 million Westpac loan July Four years July Yes Cession and pledge of vehicles and machinery Variable LIBOR + 3.20% Quarterly instalments July 2022 1 This facility can only be drawn down for qualifying projects. 2 During March 2024 a 12-month extension was granted from May 2026. 3 The interest rates of these facilities is expected to be impacted by the South African IBOR reform, where JIBAR is planned to be discontinued and replaced with the South African Rand Overnight Index Average (ZARONIA). As these facilities’ agreements makes provision for the use of replacement benchmarks for determining interest rates, the impact of the IBOR reform is expected to be immaterial. 4 Initially ten equal bi-annual instalments starting from May 2024 with the final instalment on maturity. As no drawdowns have occurred as of 30 June 2024, the first R150 million is no longer available. continued Debt covenants The debt covenant tests for both the Rand and US dollar facilities are as follows: • The group's interest cover ratio shall be more than five times (EBITDA 1 / Total interest paid) • Leverage 2 shall not be more than 2.5 times. 1 Earnings before interest, taxes, depreciation and amortisation (EBITDA), as defined in the agreement excludes extraordinary items such as impairment, restructuring cost and gains/losses on disposal of fixed assets. 2 Leverage is defined as total net debt to EBITDA. Debt covenants tests were performed for the loan facilities for the 2024 and 2023 financial years and no breaches were noted. For the 2024 financial year, the group's interest cover ratio was 44.1 times (2023: 26.0 times), while the group's leverage was negative 0.2 (2023: 0.2). Management believes that it is very likely that the covenant requirements will be met in the foreseeable future given the current earnings and interest levels. Interest-bearing borrowings SA Rand Figures in million 2024 2023 Non-current borrowings R2.5 billion facility – sustainability linked — — Balance at beginning of year — — Drawn down 300 700 Repayments (300) (700) Amortisation of issue costs 16 7 Reclassification from prepayments (Trade receivables) (16) (7) US$400 million facility – sustainability linked 1 785 5 592 Balance at beginning of year 5 592 3 180 Drawn down — 2 919 Repayments (3 747) (1 345) Amortisation of issue costs 23 19 Translation (83) 819 Total non-current borrowings 1 785 5 592 Current borrowings US$400 million facility – sustainability linked 9 103 Balance at beginning of year 103 — Interest accrued 129 103 Interest paid (224) — Translation 1 — Westpac fleet loan — — Balance at beginning of year — 25 Repayments — (26) Translation — 1 Total current borrowings 9 103 Total interest-bearing borrowings 1 794 5 695 SA Rand Figures in million 2024 2023 The maturity of borrowings is as follows: Current 9 103 Between one to two years — — Between two to three years 1 785 5 592 Total 1 794 5 695 30 Borrowings continued Interest-bearing borrowings continued SA Rand Figures in million 2024 2023 Undrawn committed borrowing facilities: Expiring within one year 1 1 350 — Expiring after one year 7 958 5 883 Total 9 308 5 883 1 The ability to draw down from the green loan ends at the end of November 2024. However repayment of any drawn down amounts prior to this date will be in line with the original payment terms. 2024 2023 Effective interest rates (%) Westpac fleet loan — 3.4 R2.5 billion RCF – sustainability linked 10.8 9.2 US$400 million – sustainability linked 8.2 6.8

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Trade and Other Payables	Trade and other payables Accounting policy The group accrues for the cost of the leave days granted to employees during the period in which the leave days accumulate. SA Rand Figures in million 2024 2023 Financial liabilities Trade payables 1 138 1 205 Lease liability – current 1 260 216 Other liabilities 566 601 Non-financial liabilities Payroll accruals 968 888 Leave liabilities (a) 848 794 Shaft-related liabilities 2 1 367 1 016 Other accruals 116 173 Value added tax 214 176 Income and mining tax 3 152 169 Total trade and other payables 5 629 5 238 1 Refer to note 26 for an analysis of the lease liability. 2 The increase in certain cost categories contributed to the change year on year – refer to note 5. 3 Refer to note 11 for further detail on the movement. (a) Employee entitlements to annual leave are recognised on an ongoing basis. An accrual is made for the estimated liability for annual leave as a result of services rendered by employees up to the balance sheet date. The movement in the liability recognised in the balance sheet is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 794 770 Benefits paid (838) (803) Total expense per income statement 907 807 Translation (gain)/loss (15) 20 Balance at end of year 848 794
Trade and other payables	The group accrues for the cost of the leave days granted to employees during the period in which the leave days accumulate.

Employee Benefits

Employee Benefits	12 Months Ended
	Jun. 30, 2024
Employee Benefits [Abstract]
Employee Benefits	Employee benefits Accounting policy • Pension, provident and medical benefit plans are funded through monthly contributions. The group pays fixed contributions into a separate entity in terms of the defined contribution pension, provident and medical plans which are charged to the income statement in the year to which they relate. The group's liability is limited to its monthly determined contributions and it has no further liability, legal or constructive, if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Refer to note 25 for details of the post-retirement medical benefit plan. • Termination benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The group recognises termination benefits at the earlier of the following dates: (a) when the group can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring that is within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets , and involves the payment of termination benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits falling due more than 12 months after balance sheet date are discounted to present value. 2024 2023 Number of permanent employees as at 30 June: South African operations 1 33 123 33 341 International operations 2 1 592 1 572 Total number of permanent employees 34 715 34 913 SA Rand Figures in million 2024 2023 Aggregate earnings The aggregate earnings of employees including executive directors were: Salaries and wages and other benefits (excluding share-based payments) 17 006 15 988 Retirement benefit costs 1 226 1 146 Medical aid contributions 403 382 Total aggregated earnings 3 18 635 17 516 1 The South African operations include permanent employees for Phoenix of 86 and Margaret Water Company NPC of 50 as a result of Harmony’s shareholding of 72% and 66% respectively. 2 The Wafi-Golpu joint operation employees included in the total is 31 (2023: 31). 3 These amounts have been included in cost of sales, corporate expenditure and capital expenditure. During the 2024 financial year, termination costs included in payroll costs decreased to R182 million (2023: R609 million). Termination costs include the cost relating to the voluntary retrenchment and restructuring process as well as retrenchments due to shaft closures (refer to note 5 for further detail).

Share-Based Payments

Share-Based Payments	12 Months Ended
	Jun. 30, 2024
Share-based payment arrangements [Abstract]
Share-Based Payments	Share-based payments Accounting policy The group operates the following employee share incentive plans where the group granted share options to certain employees in exchange for services received: • The equity-settled Sisonke Employee Share Ownership Plan (Sisonke ESOP) initially awarded in 2019 • The equity-settled Management Deferred Share Plan (DSP) initially awarded in 2020 • The equity-settled Katleho ya Moruo Employee Share Ownership Plan (Katleho ya Moruo ESOP). Shares were issued to the Harmony ESOP Trust on 4 April 2024. However award letters were issued to employees on 1 July 2024. Refer to critical accounting estimates and judgements below for further details. Equity-settled share-based payments are measured at fair value that includes market performance conditions but excludes the impact of any service and non-market performance conditions of the equity instruments at the date of the grant. The share-based payments are expensed over the vesting period, based on the group's estimate of the shares that are expected to eventually vest. The group used an appropriate option pricing model in determining the fair value of the options granted. Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each balance sheet date, the estimates of the number of options that are expected to become exercisable are revised. The impact of the revision of original estimates, if any, is recognised in the income statement, with a corresponding adjustment to equity. The proceeds received (if any) net of any directly attributable transaction costs are credited to share capital and premium when the options are exercised. 34 Share-based payments continued Critical accounting estimates and judgements On 31 January 2024, the shareholders of Harmony approved the establishment of the Katleho ya Moruo ESOP. The Harmony ESOP Trust subscribed for Harmony shares equal to 2% of the shareholding in Harmony at a value of R100.66 per share equating to a total contribution of R1 273 502 507. The Trust received funding for the subscription of the shares from Harmony and the subsidiaries in the Harmony group who will receive the promised services from the eligible employees. The shares were issued to the Trust on 4 April 2024, while the allocation notices were sent to employees on 1 July 2024. The trust deed determines that employees will be deemed to have accepted their allocations unless they formally reject within 10 days from the date of allocation (therefore on or before 10 July 2024). For the Katleho ya Moruo ESOP scheme, the service / vesting period commenced on 4 April 2024 while the grant date is 10 July 2024. This is when eligible employees are notified individually, via letters, of their participation unit allocation and acceptance thereof following the passing of 10 business days. Harmony has to recognise employee services as they are received. Therefore, for the period of 4 April 2024 to 30 June 2024, share based payment expenses for the Katleho ya Moruo ESOP scheme were recognised in advance of the grant date and prior to the participation units being issued. The fair value of the options granted under the Katleho ya Moruo ESOP was based on an estimation of what Harmony’s share price would be on the grant date of 10 July 2024. The estimated share price used was R175.65. For determining the grant date fair value, Harmony’s share price was deemed appropriate as there were no market conditions attached to the grant. Expected dividends were not incorporated in the measurement of the fair value as the employees granted awards under the scheme are entitled to receive dividends on the underlying shares during the vesting period. The fair value of options granted under the DSP: Fair value 18 September 2019 - First issue R45.89 - R56.87 18 September 2020 - Second issue R74.90 20 September 2021 - Third issue R45.58 - R57.93 19 September 2022 - Fourth Issue R42.48 - R47.25 18 September 2023 - Fifth Issue R84.88 - R105.85 The fair value of the first and second issue of options granted under the DSP was based on the Harmony spot share price at each grant date, as there were no market conditions attached to the grant. The fair value of the third, fourth and fifth issue of options granted under the DSP was determined using a Black-Scholes valuation model. The significant inputs into the model are: DSP 18 September 2023 - Fifth issue Risk-free interest rate 1 7.91% - 8.35% Expected volatility 2 53.03% - 59.23% Expected dividend yield 3 0.79% - 1.88% Spot price on grant date R87.39 - R116.27 Vesting period (from grant date) 4 3/5 years 1 The risk-free rate was derived from a zero-coupon curve stripped from forward rate agreements and swap inputs. 2 The volatility was estimated on the historical returns of the Harmony share price over a period matching the time to maturity of the shares. 3 The dividend yield was based on Harmony’s dividend forecasts and estimates of future share prices. 4 Refer to Vesting under Options granted under the Management Deferred Share Plan below. Employee share-based payments The objective of these schemes is to recognise the contributions of employees to the group's financial position and performance and to retain key employees. Executive management is encouraged to retain shares when they vest and a minimum shareholding requirement has been introduced to achieve this. This shareholding is meant to align shareholder and executive objectives to grow total shareholder return. The total cost relating to employee share-based payments is made up as follows: SA Rand Figures in million 2024 2023 2022 Sisonke ESOP — — 91 Katleho ya Moruo ESOP 112 — — Management DSP 132 114 109 Total share-based payments 244 114 200 34 Share-based payments continued Employee share-based payments continued In December 2018, the board approved the new Total Incentive Plan for management which includes deferred shares. The first allocations under the new plan occurred in October 2019, the subsequent allocations occurring in October of each year since then. Our shareholders have authorised up to 25 000 000 shares of the issued share capital to be used for this plan. As at 30 June 2024, 4 262 157 shares have been issued in terms of the Management DSP. On 31 January 2024, our shareholders approved the issue of Harmony shares equal to 2% of the shareholding in Harmony to the Harmony ESOP Trust. This equated to 12 651 525 shares. These shares will be used to facilitate the non-managerial share-based payment scheme. Options granted under the Management Deferred Share Plan Harmony implemented the Total Incentive Plan, comprising a long-term DSP and a short-term annual cash payment with effect from 1 July 2019. The total incentive for each management-level employee is determined every year through a balanced scorecard calculation. The balanced scorecard result includes a number of key short- and long-term company performance measures (to be measured over trailing three- and one-year periods). The measures are reviewed and defined annually with appropriate weightings. A portion of the total incentive is paid immediately in cash and the balance is settled by means of deferred shares. Award Vesting Performance criteria DS* The awards will vest at a rate of 20% per annum over the following five years for executive directors and prescribed officers, and one-third per annum over the following three years for qualifying management. The participant is still employed within the group. * Deferred shares. Termination of employees' participation in the share scheme is based on "no fault" and "fault" definitions: • Fault All unvested and unexercised DS not yet vested are lapsed and cancelled • No fault All unvested and unexercised DS will continue in force to vest on the original vesting dates in accordance with the rules of the plan. Activity on share options Number of DS Activity on DS granted but not exercised 2024 2023 Balance at beginning of year 5 085 520 4 449 291 Options granted 1 993 119 2 318 254 Options exercised (1 765 592) (1 480 166) Options forfeited and lapsed (309 810) (201 859) Balance at end of year 5 003 237 5 085 520 34 Share-based payments continued Employee share-based payments continued Options granted under the Management Deferred Share Plan continued 2024 2023 18 September 2019 – 3 years Gain realised by participants on options exercised during the year (R million) — 12 Weighted average share price at the date of exercise (SA Rand) — 41.00 Remaining life (years) — — 18 September 2019 – 5 years Gain realised by participants on options exercised during the year (R million) 3 2 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 0.2 1.2 18 September 2020 – 3 years Gain realised by participants on options exercised during the year (R million) 23 11 Weighted average share price at the date of exercise (SA Rand) 85.46 41.50 Remaining life (years) — 0.2 18 September 2020 – 5 years Gain realised by participants on options exercised during the year (R million) 4 2 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 1.2 2.2 20 September 2021 – 3 years Gain realised by participants on options exercised during the year (R million) 62 31 Weighted average share price at the date of exercise (SA Rand) 85.00 40.21 Remaining life (years) 0.2 1.2 20 September 2021 – 5 years Gain realised by participants on options exercised during the year (R million) 9 4 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 2.2 3.2 19 September 2022 – 3 years Gain realised by participants on options exercised during the year (R million) 43 — Weighted average share price at the date of exercise (SA Rand) 82.20 — Remaining life (years) 1.2 — 19 September 2022 – 5 years Gain realised by participants on options exercised during the year (R million) 7 — Weighted average share price at the date of exercise (SA Rand) 93.32 — Remaining life (years) 3.2 — List of options granted but not yet exercised (listed by grant date) Number of options Remaining life (years) As at 30 June 2024 Deferred shares 18 September 2019 – 5 years 99 992 0.2 18 September 2020 – 5 years 189 787 1.2 20 September 2021 – 3 years 692 409 0.2 20 September 2021 – 5 years 604 806 2.2 19 September 2022 – 3 years 1 007 583 1.2 19 September 2022 – 5 years 528 063 3.2 18 September 2023 – 3 years 1 429 778 2.2 18 September 2023 – 5 years 450 819 4.2 Total options granted but not yet exercised 5 003 237 34 Share-based payments continued Employee share-based payments continued Options granted under the Katleho ya Moruo ESOP Following the expiration of the Sisonke Employee Share Ownership Plan in 2022, Harmony approved the establishment of the Katleho ya Moruo ESOP in January 2024. The scheme aims to continue facilitating beneficial interest and ownership by non-managerial employees in South Africa (the beneficiaries) of Harmony shares in order to: • Facilitate economic empowerment of Harmony’s employees • Incentivise Harmony’s employees, so as to promote the shared interests of employees and shareholders in the value growth of Harmony • Further align the interests of the Harmony shareholders and those of the employees of Harmony. The shares were issued to the Harmony ESOP Trust (the Trust) on 4 April 2024. Each beneficiary under the scheme will be awarded 360 Participation Units (PU) from 1 July 2024, post year-end, if they qualified for the scheme upon its formation or within six months of the formation thereof. Thereafter, qualifying employees will be awarded PU on a pro-rata basis in line with the scheme rules. The PU will vest after a service period of five years commencing on 4 April 2024. The Katleho ya Moruo ESOP is equity-settled. Award Vesting Performance criteria PU* The PU will vest after 5 years from the date on which the service period commenced. The participant is still employed within the group. * Participation Unit refers to the vested rights of a beneficiary to an equal number of Harmony shares held by the Trust. Termination of employees' participation in the share scheme is based on "no fault" and "fault" definitions: • Fault All unvested and unexercised PU are lapsed and cancelled • No fault Accelerated vesting occurs and all unvested and unexercised PU are settled in accordance with the rules of the plan. Activity on share options

Related Parties

Related Parties	12 Months Ended
	Jun. 30, 2024
Related Party [Abstract]
Related Parties	Related parties None of the directors or major shareholders of Harmony or, to the knowledge of Harmony, their close families, had an interest, directly or indirectly, in any transaction from 1 July 2021 or in any proposed transaction that has affected or will materially affect Harmony or its subsidiaries, other than as stated below. Directors and other key management Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the group, directly or indirectly, including any director (whether executive or otherwise) of the group. The directors' remuneration is as follows: SA Rand Figures in million Executive directors Non-executive directors 2024 Salaries 23 — Retirement contributions 3 — Bonuses 12 — Exercise/settlement of share options 13 — Directors' fees — 13 Total 51 13 2023 Salaries 23 — Retirement contributions 3 — Bonuses 8 — Exercise/settlement of share options 6 — Directors' fees — 14 Total 40 14 On 29 November 2022, Harmony announced the retirement by rotation of Mr Andre Wilkens, non-executive director, and Mr Joaquim Chissano, independent non-executive director, with effect from 29 November 2022. 35 Related parties continued Directors and other key management continued The following directors and prescribed officers owned shares in Harmony at year-end. The balance of shares held is attributable to shares held privately and in terms of the minimum shareholding requirement as set out in our remuneration policy: Number of shares Name of director/prescribed officer 2024 2023 Directors Peter Steenkamp 612 436 598 513 Boipelo Lekubo 52 918 24 753 Harry Mashego 55 053 28 975 Prescribed officers Beyers Nel 79 706 54 195 Marian van der Walt 47 092 66 870 Johannes van Heerden 74 065 42 310 Anton Buthelezi 13 390 — Melanie Naidoo-Vermaak 1 n/a 7 966 1 Resigned as prescribed officer effective 31 December 2023. Modise Motloba, Harmony’s former deputy chairman resigned effective 27 June 2022. He is a director of Tysys (Proprietary) Limited (Tysys) which entered into a contract with the group during the 2017 financial year to provide services relating to the group’s small and medium enterprise development projects. Approximately R5 million was paid during the 2022 financial year relating to services rendered in that year. There were no other changes to the directors' interest between the reporting date and the date of the approval of the financial statements other than indicated above. Other related parties The services rendered to joint operations relate to professional and technical services. All the production of the group’s South African operations is sent to Rand Refinery in which Harmony holds a 10.38% interest. Refer to note 19. SA Rand Figures in million 2024 2023 Sales and services rendered to related parties Joint operations 5 4 Total 5 4 SA Rand Figures in million 2024 2023 Purchases and services acquired from related parties Associates 76 69 Total 76 69

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2024
Other provisions, contingent liabilities and contingent assets [Abstract]
Commitments and Contingencies	Commitments and contingencies Commitments and guarantees SA Rand Figures in million 2024 2023 Capital expenditure commitments Contracts for capital expenditure 1 681 1 893 Share of joint operation's contracts for capital expenditure 21 160 Authorised by the directors but not contracted for (a) 14 442 8 525 Total capital commitments 16 144 10 578 (a) The increase relates mainly to the additional capital included for renewable energy projects and the Zaaiplaats project, increasing approximately R1.5 billion and R1.0 billion respectively. The increase in the renewable energy projects relates to cost escalations as well as the inclusion of capital for phase 4 due to the Mponeng deepening project being authorised. Also contributing is the inclusion of approximately R2.9 billion for the Mponeng life of mine extension and deepening project. Contractual obligations in respect of mineral tenement leases amount to R64 million (2023: R23 million). This relates to the Wafi-Golpu joint operation. 36 Commitments and contingencies continued Commitments and guarantees continued SA Rand Figures in million 2024 2023 Guarantees Guarantees and suretyships 1 519 500 Environmental guarantees 2 509 500 Total guarantees 1 028 1 000 1 The guarantees and suretyships mainly relate to Eskom guarantees. 2 At 30 June 2024 R217 million (2023: R181 million) has been pledged as collateral for environmental guarantees in favour of certain financial institutions. Refer to note 15. Contingent liabilities Critical accounting estimates and judgements Contingencies will only realise when one or more future events occur or fail to occur. The exercise of significant judgement and estimates of the outcome of future events are required during the assessment of the impact of such contingencies. Litigation and other judicial proceedings as a rule raise difficult and complex legal issues and are subject to uncertainties and complexities including, but not limited to, the facts and circumstances of each particular case, issues regarding the jurisdiction in which the suit is brought and differences in applicable law. Upon resolution of any pending legal matter, the group may be forced to incur charges in excess of the presently established provisions and related insurance coverage. It is possible that the financial position, results of operations or cash flows of the group could be materially affected by the outcome of the litigation. The following contingent liabilities have been identified: (a) On 1 December 2008, Harmony issued 3 364 675 Harmony shares to Rio Tinto Limited (Rio Tinto) for the purchase of Rio Tinto’s rights to the royalty agreement entered into prior to our acquisition of the Wafi deposits in PNG. The shares were valued at R242 million on the transaction date. An additional US$10 million in cash will be payable when the decision to mine is made. Of this amount, Harmony is responsible for paying the first US$7 million, with the balance of US$3 million being borne equally by the joint operators. (b) The group may have a potential exposure to rehabilitate groundwater and radiation that may exist where the group has and/or continues to operate. The group has initiated analytical assessments to identify, quantify and mitigate impacts if and when (or as and where) they arise. Numerous scientific, technical and legal studies are underway to assist in determining the magnitude of the contamination and to find sustainable remediation solutions. The group has instituted processes to reduce future potential seepage and it has been demonstrated that Monitored Natural Attenuation (MNA) by the existing environment will contribute to improvement in some instances. To date water treatment facilities were successfully implemented at Doornkop, Tshepong West, Kusasalethu, Harmony One Plant, Kareerand (MWS) and Target 1. These facilities are now assisting in reducing our dependency on state-supplied potable water and will be key in managing any post closure decant should it arise. In terms of Free State operations, Harmony has taken the initiative to develop a comprehensive regional closure plan in addition to updating the regional water balance, which will ensure that there is sufficient water for our organic growth initiatives. The geohydrological studies undertaken to date confirm that there is no risk of decant in Welkom. As more studies are undertaken in the area from time to time, this will add to our knowledge base in the Free State area. Should the studies result in different solutions than the ones initially proposed, or the regulators do not approve the proposed plans, which then results in the group being required to record and account for the contingencies as liabilities, it could then have a material impact on the financial statements of the group. 36 Commitments and contingencies continued Contingent liabilities continued (c) Due to the interconnected nature of mining operations in South Africa, any proposed solution for potential flooding and potential decant risk posed by deep groundwater needs to be a combined one, supported by all the mines located in these goldfields. As a result, the Department of Mineral Resources and Energy (DMRE) and affected mining companies require the development of a regional mine closure strategy. In the beginning of 2024, the DMRE released a draft mine closure strategy for comment. The draft strategy while welcomed, is still in its infancy stages in that it does not address how regional mine closure will be achieved. The mining industry is now waiting for an updated draft strategy to be released once again for public comment. Harmony operations have conducted a number of specialist studies and the risk of surface decant due to rising groundwater levels has been obviated at the entire Free State region and Kalgold. Additional studies have been commissioned at Doornkop and Kusasalethu. Studies that have been conducted indicate that there is no risk of decant from Doornkop, Kusasalethu and Mponeng, but it is recommended that confirmatory studies be completed. In addition, the decant from the Klerksdorp-Orkney-Stilfontein-Hartebeestfontein groundwater system tied with our Moab Khotsong operation has been managed through an appropriate groundwater closure plan and sufficient provision has been set aside for this. Therefore, there is no contingency arising from these operations. Preliminary studies have also been completed to manage and mitigate the seepage from tailings facilities acquired as part of the Mponeng operations and related assets. Seepage is evident at these facilities and desktop studies have been completed to mitigate the seepage. Further feasibility studies will be conducted to refine these estimates in the future. Should the additional studies result in different solutions than the ones initially proposed, or the regulators do not approve the proposed plans, it might result in a change in estimate to the recorded liabilities or the group recording liabilities over and above the current provisions. (d) The individual Harmony mining operations have applied for the respective National Water Act, Section 21 Water Use Licenses to the Department of Water and Sanitation (DWS). The respective Water Use License Applications have subsequently not yet been approved by DWS for our Free State operations and Doornkop. Notably, the Department issued a Water Use Licence for the expansion of the Kareerand Tailings Facility operated by Mine Waste Solutions. The Water Use Licence conditions for the respective operations without a Water Use License are subsequently not yet known and the subsequent potential water resource impact liability as part of the mine rehabilitation and closure process (to which DWS is an important participant and decision maker) is uncertain. All operations continue to operate legally and responsibly. (e) In terms of the sale agreements entered into with Rand Uranium, Harmony retained financial exposure relating to environmental disturbances and degradation caused by it before the effective date, in excess of R75 million of potential claims. Rand Uranium is therefore liable for all claims up to R75 million and retains legal liability. The likelihood of potential claims cannot be determined presently and no provision for any liability has been made in the financial statements. (f) Randfontein Estates Limited (REL), a subsidiary of Harmony has an existing legal dispute with the Merafong Municipality (Merafong) relating to rates payable in terms of Merafong's Supplementary Valuation Roll 6 (SVR6). REL lodged appeals against the market values contained in SVR6. Merafong is contending for total rates payable of between R124 million and R164 million under SVR6, while Harmony is contending for total rates payable of between R17 million and R69 million on the basis that certain items of the mining operations are not rateable and/or disregarded for valuation purposes and that depreciation, rehabilitation, phasing-in and category use changes are favourably considered by the Merafong Valuation Appeal Board (Merafong VAB). Payment arrangements have been concluded between REL and Merafong in relation to these rates disputes. The Merafong VAB hearings are currently underway with other mining companies with similar legal disputes. Harmony's appeal hearings have been extended to end in October 2024, where the outcome of the matter will be decided upon by the Merafong VAB.

Financial Risk Management

Financial Risk Management	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Financial Risk Management	Financial risk management The group's operating activities expose it to a variety of financial risks: market risk (including foreign exchange risk, commodity price risk, other price risk and interest rate risk), credit risk and liquidity risk. The group may use derivative financial instruments to hedge certain risk exposures. The group's financial assets and liabilities are classified as set out below: SA Rand Figures in million Debt instruments at amortised cost Equity instruments designated Derivatives designated as cash flow hedges Derivatives at fair value through profit or loss Debt instruments at fair value through profit or loss Financial liabilities at amortised cost At 30 June 2024 Financial assets Restricted cash and investments 4 629 335 — — 1 569 — Other non-current assets 8 88 — — 68 — Non-current derivative financial instruments — — 352 101 — — – Rand gold forwards — — 172 — — — – US$ gold forwards — — 27 — — — – Rand gold collars 1 — — 135 — — — – US$ gold collars 1 — — 18 — — — – US$ silver contracts — — — 3 — — – Foreign exchange contracts — — — 98 — — Current derivative financial instruments — — 133 425 — — – Rand gold forwards — — 110 — — — – US$ gold forwards — — 3 — — — – Rand gold collars 1 — — 20 — — — – Foreign exchange contracts — — — 425 — — Trade and other receivables 1 588 — — — — — Cash and cash equivalents 4 693 — — — — — Financial liabilities Non-current derivative financial instruments — — 588 21 — — – Rand gold forwards — — 510 — — — – US$ gold forwards — — 77 — — — – US$ gold collars 1 — — 1 — — — – US$ silver contracts — — — 21 — — Current derivative financial instruments — — 1 460 42 — — – Rand gold forwards — — 1 289 — — — – US$ gold forwards — — 159 — — — – Rand gold collars 1 — — 9 — — — – US$ gold collars 1 — — 3 — — — – US$ silver contracts — — — 42 — — Borrowings — — — — — 1 794 Contingent consideration liability — — — — 965 — Other non-current liabilities — — — — — 271 Trade and other payables — — — — — 1 964 1 Harmony introduced gold zero cost collar hedging contracts to its derivative programme during April 2024 to hedge the risk of lower gold prices. Cash flow hedge accounting is applied to these contracts. 37 Financial risk management continued SA Rand Figures in million Debt instruments Equity instruments designated Derivatives designated Derivatives Debt instruments Financial liabilities at amortised At 30 June 2023 Financial assets Restricted cash and investments 4 152 305 — — 1 705 — Other non-current assets 15 78 — — 101 — Non-current derivative financial instruments — — 168 101 — — – Rand gold forwards — — 135 — — — – US$ gold forwards — — 33 — — — – US$ silver contracts — — — 16 — — – Foreign exchange contracts — — — 85 — — Current derivative financial instruments — — 78 32 — — – Rand gold forwards — — 44 — — — – US$ gold forwards — — 34 — — — – US$ silver contracts — — — 28 — — – Foreign exchange contracts — — — 4 — — Trade and other receivables 1 561 — — — — — Cash and cash equivalents 2 867 — — — — — Financial liabilities Non-current derivative financial instruments — — 401 69 — — – Rand gold forwards — — 401 — — — – Foreign exchange contracts — — — 69 — — Current derivative financial instruments — — 909 152 — — – Rand gold forwards — — 890 — — — – US$ gold forwards — — 19 — — — – Foreign exchange contracts — — — 152 — — Borrowings — — — — — 5 695 Contingent consideration liability — — — — 589 — Other non-current liabilities — — — — — 332 Trade and other payables — — — — — 2 022 Risk management is carried out by a central treasury department (Group treasury) under policies approved by the board of directors. Group treasury identifies, evaluates and hedges certain selected financial risks in close cooperation with the group's operating units. The audit and risk committee and the board provide written principles for overall risk management, as well as written policies covering specific areas, such as foreign exchange risk, commodity price risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and the investment of excess liquidity. Market risk Foreign exchange risk The group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the US dollar (US$). Foreign exchange risk arises when future commercial transactions or recognised financial assets or liabilities are denominated in a currency that is not the entity’s functional currency. Harmony’s revenues are sensitive to the R/US$ exchange rate as all revenues are generated by commodity sales denominated in US$. A weakening of the Rand will increase the reported revenue total; conversely a strengthening will decrease it. Harmony may enter into hedging transactions to reduce this risk. The limit currently set by the board is 25% of the group's foreign exchange risk exposure for a period of 24 months. The audit and risk committee reviews the details of the programme quarterly. Refer to note 17 and the fair value determination for financial assets and liabilities section below for details of the contracts. 37 Financial risk management continued Market risk continued Foreign exchange risk continued The Rand strengthened during the 2024 year from a closing rate of R18.83/US$1 on 30 June 2023 to R18.19/US$1 on 30 June 2024. The strengthening of the Rand resulted in the average locked-in rates being higher than the spot exchange rate at 30 June 2024, which had a positive impact on the contracts that matured during the period as well as those that were outstanding as at 30 June 2024. The group is exposed to foreign exchange risk arising from borrowings and cash denominated in a currency other than the functional currency of that entity (refer to note 2.2 for details on the group's functional currencies). These exposures are mainly to the US$. The strengthening of the Rand also had a positive impact on the translation of the US$ debt facilities at 30 June 2024. At 30 June 2023 these exposures impacted negatively on the translation of the US$ debt facilities. Refer to note 30 for further detail. Translation of the international net assets was impacted by the Kina weakening from a closing rate of PGK2.38/A$1 on 30 June 2023 to PGK2.57/A$1 on 30 June 2024 and the Rand strengthening during the year to R12.14/A$ on 30 June 2024 from a closing rate of R12.56/A$ on 30 June 2023. This impacted the translation of balances from Kina to Australian dollar and Australian dollar to Rand on consolidation as well as the average rate at which income statement items were translated at. A foreign exchange translation loss of R943 million has been recognised in other comprehensive income relating to the translation of the international net assets to Rand. At 30 June 2023 the translation of international net assets was impacted by a weakening of the Rand against the Australian dollar from R11.25/A$ at 30 June 2022 to R12.56/A$ resulting in a gain of R1 123 million being recognised in other comprehensive income. The relevant exchange rates traded in the following ranges: Year ended 30 June 2024 30 June 2023 R/US$ foreign exchange rate range for the year 17.54 – 19.51 16.17 – 19.81 R/A$ foreign exchange rate range for the year 11.71 – 12.72 11.19 – 12.94 A$/PGK foreign exchange rate range for the year 2.30 – 2.60 2.18 – 2.52 The group has reviewed its foreign currency exposure on financial assets and financial liabilities and has identified the following sensitivities in the exchange rates that would affect profit and loss before tax: • Rand/US$ exchange rate – 3% (2023: 5%) based on the standard deviation from a one-year forecast of various financial institution outlooks • A$/US$ exchange rate – 3% (2023: 4%) based on the standard deviation from a one-year forecast of various financial institution outlooks. Only material foreign currency exposure balances were considered when determining the need for a sensitivity analysis and therefore management has not performed a sensitivity analysis on PGK/US$ exchange rates. SA Rand Figures in million 2024 2023 Sensitivity analysis – borrowings Rand against US$ Balance at 30 June 1 794 5 695 Strengthen by 3% (FY23: 5%) 54 285 Weaken by 3% (FY23: 5%) (54) (285) Closing rate 18.19 18.83 Sensitivity analysis – contingent consideration liability: Mponeng Rand against US$ Balance at 30 June 587 404 Strengthen by 3% (FY23: 5%) 18 20 Weaken by 3% (FY23: 5%) (18) (20) Closing rate 18.19 18.83 Sensitivity analysis – contingent consideration liability: Eva Copper US$ against A$ Balance at 30 June 378 185 Strengthen by 3% (FY23: 4%) 11 7 Weaken by 3% (FY23: 4%) (11) (8) Closing rate 0.67 0.67 37 Financial risk management continued Market risk continued Foreign exchange risk continued SA Rand Figures in million 2024 2023 Sensitivity analysis – other financial instruments Rand against US$ Balance at 30 June 523 (132) Strengthen by 3% (FY23: 5%) 250 495 Weaken by 3% (FY23: 5%) (241) (615) Closing rate 18.19 18.83 US$ against A$ Balance at 30 June 252 408 Strengthen by 3% (FY23: 4%) 7 16 Weaken by 3% (FY23:4%) (8) (17) Closing rate 0.67 0.67 Commodity price sensitivity The profitability of the group’s operations, and the cash flows generated by those operations, are affected by changes in the market price of gold, and in the case of Hidden Valley, silver as well. Harmony entered into derivative contracts to manage the variability in cash flows from the group’s production to create cash certainty and protect the group against lower commodity prices. A new limit for gold hedging was approved by the Board in April 2024 as 30%, 20% and 10% of production in a 12 -, 24- and 36-month period, respectively, for contracts going forward. Prior to April 2024, the limit was 20% for a 24- month period. The limit set by the Board is 50% of silver exposure over a 24-month period. Management continues to top up these programmes as and when opportunities arise to lock in attractive margins for the business, but are not required to maintain hedging at these levels. The audit and risk committee reviews the details of the programme quarterly. The exposure to the variability in the price of gold is managed by entering into gold forward sales contracts and gold zero cost collar contracts for a portion of the group's production. A portion of the production of the South African operations is linked to Rand gold forward contracts and Rand gold zero cost collar contracts. US$ gold forward contracts and US$ gold zero cost collar contracts were entered into for the production from Hidden Valley. The exposure to the variability in the price of silver for Hidden Valley is managed by entering into US$ silver zero cost collars. These contracts have not been designated as hedging instruments for hedge accounting and the gains and losses are accounted for in the income statement. Refer to note 17 and the fair value determination for financial assets and liabilities section below for further detail on these contracts. Gold traded within a range of US$1 820/oz and US$2 425/oz (2023: US$1 622/oz and US$2 051/oz) during the current year. For both the 2023 and 2024 year, an increase in the price of gold in US$ terms resulted in the average locked-in gold forward prices being lower than the gold spot price which had a negative impact on the gold forward hedging contracts that matured during the period as well as those that were outstanding as at 30 June 2023 and 30 June 2024. The group has reviewed its exposure to commodity-linked instruments and identified a sensitivity of 8% (2023: 7%), based on the standard deviation of a one-year forecast gold price from various financial institution outlooks. The estimated sensitivity would affect other comprehensive income. Only material commodity balances were considered when determining the need for a sensitivity analysis and therefore management has not performed a sensitivity analysis on silver commodities. SA Rand Figures in million 2024 2023 Sensitivity analysis Rand gold derivatives Other comprehensive income Increase by 8% (FY23: 7%) (2 740) (1 472) Decrease by 8% (FY23: 7%) 2 439 1 314 US$ gold derivatives Other comprehensive income Increase by 8% (FY23: 7%) (418) (141) Decrease by 8% (FY23: 7%) 376 137 Other price risk The group is exposed to the risk of fluctuations in the fair value of fair value through profit or loss financial assets as a result of changes in market prices (other than changes in interest rates and foreign currencies). Harmony generally does not use any derivative instruments to manage this risk. Sensitivity analysis Certain of the restricted investments are linked to the Top 40 Index on the JSE. Management considered a sensitivity of 2% (2023: 6%) as appropriate, based on the average fluctuations within the last year’s historical data. These changes in the Top 40 index at the reporting dates, with all other variables held constant, would not have a material impact on the balances. Interest rate risk The group's interest rate risk arises mainly from borrowings. The group has variable interest rate borrowings. Variable rate borrowings expose the group to cash flow interest rate risk. With inflation rates easing and economies recovering, central banks have kept interest rates unchanged during the year ended 30 June 2024. The stable interest rates coupled with a reduction in borrowings has had a positive impact on Harmony's cost of borrowings. The group has therefore not entered into interest rate swap agreements as the interest rate risk continues to be assessed as low. The audit and risk committee reviews the group's risk exposure quarterly. Interest rate risk arising from borrowings is offset by cash and restricted cash and investments held at variable rates. As at 30 June 2024, management reasonably expects profit or loss before tax to increase/(decrease) by the following sensitivities: • A 53 basis points (2023: 15 basis point) finance cost movement based on the average of a one-year forecast US Federal rate from various financial institution outlooks • A 41 basis points (2023: 50 basis points) sensitivity on interest received based on an average of a one-year forecast of the South African prime interest rate from various financial institution outlooks. The above analysis assumes that all other variables remain constant. SA Rand Figures in million 2024 2023 Sensitivity analysis – borrowings (finance costs) US$-denominated borrowings Increase by 53 basis point (FY23: 15 basis point) (10) (9) Decrease by 53 basis points (FY23: 15 basis point) 10 9 Sensitivity analysis – financial assets (interest received) Increase by 41 basis points (FY23: 50 basis points) 38 34 Decrease by 41 basis points (FY23: 50 basis points) (38) (34) Credit risk Credit risk is the risk that a counterparty may default or not meet its obligations in a timely manner. Financial instruments that are subject to credit risk are restricted cash and investments, derivative financial instruments and cash and cash equivalents, as well as trade and other receivables (excluding non-financial instruments). Assessment of credit risk In assessing the creditworthiness of local institutions, management uses the national scale long-term ratings. The credit risk arising from cash and cash equivalents, restricted cash and investments, and derivative financial assets is managed by ensuring amounts are only invested with financial institutions of good credit quality based on external credit ratings and by assessing the underlying source of where the funds are invested. The group has policies that limit the amount of credit exposure to any one financial institution. The audit and risk committee reviews the exposure on a quarterly basis. Exposure to credit risk on trade and other receivables is monitored on a regular basis by management. At 30 June 2024, the national scale investment grade rating of the major South African banks remained unchanged at AA+, which is in line with the group's credit risk policy. The credit rating of the group's Australian counterparts changed from A+ at 30 June 2023 to AA- at 30 June 2024. An assessment of the expected credit losses for the financial assets measured at amortised cost at 30 June 2024 resulted in an immaterial amount for each instrument, in line with the assessment performed in 2023 (refer to the expected credit loss assessment below for further detail). Management will continue to review the underlying strength of the economies we operate in as well as the creditworthiness of the financial institutions and make any changes deemed necessary to safeguard the assets and reduce the credit risk. The group’s maximum exposure to credit risk is represented by the carrying amount of all financial assets determined to be exposed to credit risk, amounting to R13 566 million as at 30 June 2024 (2023: R10 780 million). 37 Financial risk management continued Credit risk continued Assessment of credit risk continued The group has restricted investments that are invested in various collective investment schemes totalling R75 million (2023: R212 million) and equity investments of R335 million (2023: R305 million). Financial institutions' credit rating by exposure (source: Fitch Ratings and Global Credit Ratings) SA Rand Figures in million 2024 2023 Cash and cash equivalents AA+ 3 598 2 093 AA- 1 095 — A+ — 774 Total 4 693 2 867 Restricted cash and investments (refer to note 15) AAA 401 234 AA+ 5 722 5 411 Total 6 123 5 645 Derivative financial assets (refer to note 17) AA+ 407 117 AA 221 — AA- 156 127 A+ 227 135 Total 1 011 379 Expected credit loss assessment The group recognises loss allowances for expected credit losses (ECLs) on financial assets measured at amortised cost. The group's debt instruments at amortised cost consist of cash and cash equivalents, a portion of restricted cash and investments and trade and other receivables. The assessment of ECLs for the different debt instruments is discussed below: Cash and cash equivalents The cash and cash equivalents are held with banks and financial institutions which are rated between AA- and AA+ (see above). The ECL on cash and cash equivalents has been determined using the simplified approach that allows the group to assume that the credit risk on financial instruments determined to have low credit risk at the reporting date, has not increased significantly since initial recognition of the financial instrument. The ECL was estimated with reference to a probability of default model using external credit ratings in determining the default risk of counterparties. The ECL was determined to be immaterial. Restricted cash and investments The restricted cash and investments relate largely to the environmental trust funds. These funds are held with banks and financial institutions that are rated AA+ (see above) as well as investments in government bonds rated at AAA. Impairment of investments with investment-grade ratings has been determined using the simplified approach that allows the group to assume that the credit risk on financial instruments determined to have low credit risk at the reporting date, has not increased significantly since initial recognition of the financial instrument. The group considers that the majority of its restricted cash and investments have low credit risk based on the external credit ratings of the counterparties with which the funds are deposited. The ECL was estimated with reference to a probability of default model using external credit ratings in determining the default risk of counterparties. Concentration of credit risk on restricted cash and investments is considered minimal due to the group’s investment risk management and counterparty exposure risk management policies. Trade and other receivables The group’s exposure to credit risk arising from trade receivables (metals) and other trade receivables is influenced mainly by the individual characteristics of each customer. Trade receivables result largely from the sale of gold and are fully performing. Exposure to credit risk on receivables from gold sales is limited through payment terms of two to three days after recognition of revenue for gold sales. The majority of other receivables comprise a limited number of individually significant customers. The group determines the ECL on trade receivables and individually significant other receivable balances with reference to a probability of default model using external credit ratings in determining the default risk of counterparties. The external credit ratings used range between A- to AA-. The ECL was determined to be immaterial. Loss allowances on individually insignificant other trade receivables has been determined using the simplified ECL approach using a provision matrix and reflects the short-term maturities of the exposures and past experienced credit judgement. Refer to note 18 for details on the amount of the loss allowance recognised and the stratification of trade and other receivables for purposes of the assessment. Liquidity risk Prudent liquidity risk management implies maintaining sufficient cash and marketable securities, and the availability of funding through an adequate amount of committed credit facilities. In the ordinary course of business, the group receives cash from its operations and is required to fund working capital and capital expenditure requirements. Management prepares cash flow forecasts weekly and ensures that surplus funds are invested in a manner to achieve market-related returns and to provide sufficient liquidity at the minimum risk. The group maintains and refinances committed credit facilities as medium-term forecasts require. The audit and risk committee reviews the updated forecasts quarterly. The group is able to actively source financing at competitive rates. Where necessary, funds will be drawn from its revolving credit facilities (refer to note 30). The following are the undiscounted contractual maturities of financial liabilities (including principal and interest payments assuming the closing R/US$ exchange rate, closing spot US$ gold price and interest rate at year end): SA Rand Figures in million 2024 2023 Current More than Current More than Contingent consideration liability 1 Due between 0 to five years 115 636 — 604 Due between six to 10 years — 414 — 225 Due between 10 to 15 years — 490 — 471 Due between 15 to 20 years — 461 — — Other non-current liabilities 2 — 25 — 22 Lease liability 3 270 313 235 401 Trade and other payables (excluding non-financial liabilities) 2,4 1 704 — 1 806 — Derivative financial liabilities 4 Due between 0 to six months 973 — 609 — Due between six to 12 months 649 — 639 — Due between one to two years — 766 — 812 Borrowings 4 Due between 0 to six months 75 — 597 — Due between six to 12 months 74 — 215 — Due between one to two years — 149 — 431 Due between two to three years 5 — 1 953 — 5 660 Total 3 860 5 207 4 101 8 626 1 The increase in the settlement period is due to the inclusion of the deepening project for Mponeng in its life-of-mine plan. 2 These balances exclude the lease liability as it has been disclosed separately. 3 Refer to note 26 for details of the maturity periods. 4 The group will utilise its cash generated from operations to settle outstanding obligations. 5 Final repayment of capital amount of R1 819 million in May 2027, taking into account a 12-month extension that was granted in March 2024. This repayment is based on the final outstanding balance of US$100 million and the closing exchange rate of R18.19. Capital risk management The primary objective of managing the group’s capital is to ensure that there is sufficient capital available to support the funding requirements of the group, in a way that optimises the cost of capital and matches the current strategic business plan. The group manages and makes adjustments to the capital structure, which consists of debt and equity, as and when borrowings mature or when funding is required. This may take the form of raising equity, market or bank debt or hybrids thereof. In doing so, the group ensures it stays within the debt covenants agreed with lenders. The group may also sell assets to reduce debt or schedule projects to manage the capital structure. The group made repayments of R4 047 million during the year ended 30 June 2024. The consideration of R2 996 million for the acquisition of Eva Copper was the main contributor to the group's net debt for the year ended 30 June 2023. It remains the group's objective to adhere to a conservative approach to debt and maintain low levels of gearing in order to be well positioned for upcoming increased capital expenditure. 37 Financial risk management continued Capital risk management continued Net cash/(debt) is as follows: SA Rand Figures in million 2024 2023 Cash and cash equivalents 4 693 2 867 Borrowings (1 794) (5 695) Net cash/(debt) 2 899 (2 828) There were no changes to the group's approach to capital management during the year. Fair value determination for financial assets and liabilities The fair value levels of hierarchy are as follows: Level 1: Quoted prices (unadjusted) in active markets Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset, either directly (that is, as prices) or indirectly (that is, derived from other prices) Level 3: Inputs for the asset that are not based on observable market data (that is, unobservable inputs). The following table sets out the group’s assets and liabilities measured at fair value by level within the fair value hierarchy: SA Rand Figures in million At 30 June 2024 At 30 June 2023 Level 1  Level 2  Level 3  Level 1 Level 2  Level 3  Fair value through other comprehensive income Other non-current assets (a) — — 88 — — 78 Restricted cash and investments (b) 335 — — 305 — — Fair value through profit or loss Restricted cash and investments (b) — 1 569 — — 1 705 — Derivative financial assets (c) — 1 011 — — 379 — Derivative financial liabilities (c) — (2 111) — — (1 531) — Loan to ARM BBEE Trust (d) — — 68 — — 101 Contingent consideration liability (e) — — (965) — — (589) (a) The majority of the balance relates to the equity investment in Rand Mutual Assurance. The fair value of the investment was estimated with reference to an independent valuation. A combination of the "Embedded Valuation" and "Net Asset Value" techniques were applied to revalue the investment at the reporting dates. In evaluating the group's share of the business, common practice marketability and minority discounts as well as additional specific risk discounts were applied. There are no inputs to the valuation that a reasonably possible change would result in a material change in the fair value of the investment. (b) The level 1 valued assets comprise listed equity securities designated as fair value through other comprehensive income instruments. The majority of the level 2 valued assets are directly derived from the Top 40 index on the JSE, and are discounted at market interest rates. This relates to equity-linked deposits in the group's environmental rehabilitation trust funds. The remaining balance of the environmental trust funds is carried at amortised cost and therefore not disclosed here. (c) The mark-to-market remeasurement of the derivative contracts (refer to note 17 for further details) was determined as follows: • Foreign exchange contracts comprise zero cost collars and FECs: The zero cost collars were valued using a Black-Scholes valuation technique derived from spot Rand/US$ exchange rate inputs, implied volatilities on the Rand/US$ exchange rate, Rand/US$ inter-bank interest rates and discounted at a market interest rate (zero-coupon interest rate curve). The value of the FECs is derived from the forward Rand/US$ exchange rate and discounted at a market interest rate (zero coupon interest rate curve) • Rand gold forward sale contracts: spot Rand/US$ exchange rate, Rand and dollar interest rates (forward points), spot US$ gold price, differential between the US interest rate and gold lease interest rate which is discounted at a market interest rate • US$ gold forward sale contracts: spot US$ gold price, differential between the US interest rate and gold lease interest rate and discounted at a market interest rate • Silver contracts (zero cost collars): a Black-Scholes valuation technique, derived from the spot US$ silver price, strike price, implied volatilities, time to maturity and interest rates and discounted at a market interest rate 37 Financial risk management continued Fair value determination for financial assets and liabilities continued (c) Derivative contracts continued • Rand gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot Rand/US$ exchange rate, spot US$ gold price, Rand and dollar interest rates (forward points) with discounting at the market interest rate (zero-coupon interest rate curve), US$ gold forward rates, time to maturity and implied volatilities • US$ gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot US$ gold price, US$ gold forward rates, US$ interest rates with discounting at the market interest rate (zero-coupon interest rate curve), time to maturity and implied volatilities. (d) At 30 June 2024, the fair value movement was calculated using a discounted cash flow model, taking into account forecast dividend payments over the estimated repayment period of the loan at a rate of 12.6% (2023: 12.7%). A 73 basis points (2023: 37 basis points) change in the discount rate, which would represent a reasonably possible change based on expected movements in lending rates, would not cause a material change in the fair value of the loan. The loan balance forms part of other non-current assets in the balance sheet. During the 2024 year, repayments to the value of R42 million (2023: R74 million) were received. (e) Contingent consideration liabilities (refer to note 27) consist of the following: • Mponeng operation The contingent consideration liability related to the Mponeng operation was determined using the expected gold production profile for Mponeng. At 30 June 2024, the liability was valued at R587 million (2023: R404 million), using a discounted cash flow valuation method at a post-tax real rate of 10.5% (2023: 9.6%). Should the expected gold production profile increase by 9.7% or decrease by 9.7%, the contingent consideration liability would increase by R354 million (2023: R411 million at 9.8%) or decrease by R340 million (2023: R314 million at 9.8%) respectively. This represents reasonably expected changes which, for FY24, were determined based on the average variance between the planned production and the actual production achieved over a number of years. The reasonably expected change for FY23 was determined using the standard deviation of previous years' actual production. No other reasonably expected changes in key unobservable inputs would have caused a material change in the fair value of the liability. The remeasurement of the liability has been included in other operating income/(expenses). • Eva Copper The contingent consideration for Eva Copper includes contingent consideration valued at R378 millions (2023: R185 millions), using a probability weighted method for the new resource payment and a discounted cash flow valuation for the excess payment, both discounted at a post-tax nominal rate of 11.4% (2023: 12.9%). A long-term copper price of US$4.00/lbs (2023: US$3.50/lbs) was applied in the valuation. A 10.4% change in the long-term copper price, which would represent a reasonably possible change based on the standard deviation of market analysts long-term forecasts of the copper price, would not cause a material change in the fair value of the contingent consideration. The remeasurement of the liability has been included in other operating income/(expenses). The carrying values (less any impairment allowance) of short-term financial instruments are assumed to approximate their fair values. This includes restricted cash and investments carried at amortised cost. The fair values of borrowings fairly approximates their carrying values, as these values do not differ materially due to the interest payable on the borrowings being set at market-related floating interest rates.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2024
Events after reporting period [Abstract]
Subsequent Events	Subsequent events (a) During August 2024, management received information relating to the preliminary results of the exploration drilling programme conducted for Target North. These preliminary results indicated that a decrease of the mineral resource estimation attributable to Target North is likely. The decrease in the attributable ounces as indicated by the preliminary results constitutes an indication of impairment. The indicator is considered to be an adjusting event as it provides more reliable information of circumstances that already existed as at 30 June 2024. Therefore an impairment assessment was performed for Target North at the reporting date. Please refer to note 5 and 14 for more information relating to the impairment considerations of Target North. (b) On 30 July 2024, the Queensland Government announced its decision to provide conditional grant funding of A$20.7 million for Eva Copper under the Mount Isa Mining Acceleration Programme. The grant is subject to a number of conditions, including that Harmony reaches a positive Final Investment Decision by January 2026. This constitutes a non-adjusting subsequent event. Management is still assessing the 2025 financial year accounting treatment and impact of the government grant. (c) On 4 September 2024, a final dividend of 94 SA cents was declared, paid on 14 October 2024. 38 Subsequent events continued (d) Effective from 1 September 2024, Harmony has entered into an agreement with RMA Life Assurance Company Limited (RMA) to transfer the liability in respect of the medical promise and medical aid subsidy, and the administration thereof, from Harmony to RMA. During September 2024, Harmony transferred a once-off amount of R350 million to RMA as a single premium for the transfer of the on-balance sheet liability of R290 million. Harmony and RMA have fulfilled all the relevant clauses per the contract, and the liability was derecognised. (e) On 1 October 2024, Dr Urishanie Govender was appointed as Chief Sustainability Officer and will be classified as a prescribed officer going forward. (f) On 23 October 2024, Harmony fulfilled all its obligations stemming from the streaming arrangement with Franco Nevada. Refer to note 29 for further information on the Franco-Nevada streaming arrangement. Going forward, all gold revenue generated by the Mine Waste Solutions operation will be based on quoted market prices. This constitutes a non-adjusting subsequent event.

Segment Report

Segment Report	12 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Segment Report	Segment report Accounting policy Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM). The CODM has been identified as the Group CEO's office. The group has one main economic product, being gold. In order to determine operating and reportable segments, management reviewed various factors, including geographical location as well as managerial structure. It was determined that an operating segment consists of a shaft or a group of shafts or open pit mine managed by an operational management team. After applying the qualitative and quantitative thresholds from IFRS 8 Operating Segments , the reportable segments were determined as: Tshepong North, Tshepong South, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Mponeng, Mine Waste Solutions and Hidden Valley. All other operating segments have been grouped together under all other surface operations. The CODM has been identified as the Group CEO's office consisting of the: • Chief executive officer • Financial director • Executive director: Stakeholder relations and Corporate affairs • Group Chief operating officer: Operations • Group Chief operating officer: Chief Development Officer • Chief financial officer: Treasury • Senior executive: Chief Corporate Officer • Senior executive: Chief Sustainability Officer • Senior executive: Chief People Officer • Executive: Chief Technology and Information Officer • Executive operating officer: South Africa Operations • Executive operating officer: Australasia Operations. When assessing profitability, the CODM considers the revenue and production costs of each segment. The net of these amounts is the production profit or loss. Therefore, production profit has been disclosed in the segment report as the measure of profit or loss. The CODM also considers capital expenditure, gold production and tonnes milled when assessing the overall economic sustainability of each segment. The CODM, however, does not consider depreciation or impairment and therefore these amounts have not been disclosed in the segment report. Segment assets consist of mining assets and mining assets under construction included under property, plant and equipment which can be attributed to the segment. Current and non-current group assets that are not allocated at a segment level form part of the reconciliation to total assets. A reconciliation of the segment totals to the group financial statements has been included in note 40. continued Revenue 1 30 June Production cost 30 June Production Segment assets Capital expenditure # 30 June Kilograms produced* Tonnes milled* 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Rand million Rand million Rand million Rand million Rand million Kg 000t South Africa Underground Moab Khotsong 8 108 7 036 5 779 4 638 4 515 4 038 3 470 2 521 1 741 6 017 5 125 4 324 1 330 1 167 894 6 599 6 668 6 508 822 920 959 Mponeng 10 577 7 845 5 620 5 795 4 997 4 487 4 782 2 848 1 133 4 438 4 630 4 433 890 704 605 8 751 7 449 6 086 880 884 840 Tshepong North 3 877 3 530 3 429 2 827 2 701 2 894 1 050 829 535 2 369 2 226 2 049 559 553 1 038 3 248 3 354 3 793 726 795 988 Tshepong South 3 734 3 607 2 922 2 564 2 395 2 190 1 170 1 212 732 2 326 2 043 1 730 527 514 476 3 129 3 431 3 229 465 506 573 Doornkop 4 198 4 384 3 106 3 041 3 009 2 453 1 157 1 375 653 3 924 3 624 3 222 686 716 491 3 470 4 213 3 444 815 898 874 Joel 2 079 2 044 1 411 1 663 1 616 1 308 416 428 103 1 372 1 306 1 244 235 231 225 1 733 1 947 1 556 401 435 434 Target 1 2 262 1 308 1 648 2 352 2 009 1 812 (90) (701) (164) 1 951 1 745 1 517 488 428 384 1 859 1 275 1 800 462 365 455 Kusasalethu 4 638 3 621 4 139 3 670 3 343 3 086 968 278 1 053 520 634 822 226 253 210 3 842 3 460 4 567 584 567 607 Masimong 2 137 2 053 1 733 1 852 1 724 1 504 285 329 229 — 16 17 44 47 49 1 780 1 961 1 910 473 470 486 Bambanani 2 — 18 1 286 — 16 1 163 — 2 123 — — — — — 25 — — 1 433 — — 176 Surface Mine Waste Solutions 4 016 2 689 2 642 2 047 1 809 1 588 1 969 880 1 054 3 546 2 060 1 027 1 463 932 264 3 770 2 804 2 899 22 655 23 067 23 443 All other surface operations 6 463 4 945 4 868 3 694 3 371 3 551 2 769 1 574 1 317 1 268 1 234 1 066 338 316 282 5 296 4 719 5 304 19 676 19 382 20 737 Total South Africa 52 089 43 080 38 583 34 143 31 505 30 074 17 946 11 575 8 509 27 731 24 643 21 451 6 786 5 861 4 943 43 477 41 281 42 529 47 959 48 289 50 572 International Hidden Valley 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total international 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total operations 58 270 47 520 41 742 36 390 33 541 32 196 21 880 13 979 9 546 33 301 30 409 25 592 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 Reconciliation of segment information to the consolidated income 3 109 1 755 903 2 533 1 325 903 576 430 — 27 159 26 831 21 216 — — — — — — — — — 61 379 49 275 42 645 38 923 34 866 33 099 22 456 14 409 9 546 60 460 57 240 46 808 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R71 million (2023: R41 million) (2022: R22 million). * Production statistics are unaudited. 1 Segment revenue consists of revenue from the sale of gold, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement. 2 The Bambanani operation closed during June 2022. The transactions in the prior year relate to the inventory at 30 June 2022. SA Rand Figures in million 2024 2023 2022 Reconciliation of production profit to consolidated profit/(loss) Revenue per segment report 58 270 47 520 41 742 Revenue per income statement 61 379 49 275 42 645 Other metal sales treated as by-product credits in the segment report (2 533) (1 325) (903) Toll treatment services (576) (430) — Production costs per segment report (36 390) (33 541) (32 196) Production costs per income statement (38 923) (34 866) (33 099) Other metal sales treated as by-product credits in the segment report 2 533 1 325 903 Production profit per segment report 21 880 13 979 9 546 Revenue not included in segments 576 430 — Cost of sales items other than production costs (8 310) (4 669) (8 828) Amortisation and depreciation of mining assets (4 546) (3 355) (3 622) Amortisation and depreciation of assets other than mining assets (96) (99) (61) Rehabilitation expenditure (3) (32) (136) Care and maintenance cost of restructured shafts (246) (227) (273) Employment termination and restructuring costs (86) (597) (218) Share-based payments (171) (51) (143) Impairment of assets (2 793) — (4 433) Toll treatment costs (420) (323) — Other 51 15 58 Gross profit 14 146 9 740 718 Corporate, administration and other expenditure (1 294) (1 044) (984) Exploration expenditure (1 047) (506) (214) Gains/(losses) on derivatives 453 (194) 53 Foreign exchange translation gain/(loss) 97 (634) (327) Other operating expenses (679) (268) (1) Operating profit/(loss) 11 676 7 094 (755) Acquisition-related costs — (214) — Share of profit from associate 81 57 63 Investment income 809 663 352 Finance costs (796) (994) (718) Profit/(loss) before taxation 11 770 6 606 (1 058) 40 Reconciliation of segment information to consolidated income statement and balance sheet continued SA Rand Figures in million 2024 2023 2022 Reconciliation of total segment assets to consolidated assets Non-current assets Property, plant and equipment not allocated to a segment 8 047 11 098 7 280 Mining assets (a) 1 064 1 080 943 Undeveloped property (b) 4 475 7 384 4 004 Other non-mining assets 567 516 510 Assets under construction (c) 1 941 2 118 1 823 Intangible assets 19 33 48 Restricted cash and investments 6 494 6 121 5 555 Investments in associates 165 111 125 Deferred tax assets 140 189 203 Other non-current assets 344 332 374 Derivative financial assets 453 269 137 Current assets Inventories 3 603 3 265 2 818 Restricted cash and investments 39 41 27 Trade and other receivables 2 604 2 395 1 682 Derivative financial assets 558 110 519 Cash and cash equivalents 4 693 2 867 2 448 Total 27 159 26 831 21 216 (a) These balances relate to Wafi-Golpu assets and assets that provide services to several CGUs, such as Harmony One Plant. (b) Undeveloped properties comprise the Target North property, Eva Copper (refer to note 14) and Wafi-Golpu’s undeveloped properties. Refer to note 6 for details on the impairment of Target North. (c) Assets under construction consist of the Wafi-Golpu assets.

Reconciliation of Segment Infor

Reconciliation of Segment Information to Consolidated Income Statements and Balance Sheets	12 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Reconciliation of Segment Information to Consolidated Income Statements and Balance Sheets	Segment report Accounting policy Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM). The CODM has been identified as the Group CEO's office. The group has one main economic product, being gold. In order to determine operating and reportable segments, management reviewed various factors, including geographical location as well as managerial structure. It was determined that an operating segment consists of a shaft or a group of shafts or open pit mine managed by an operational management team. After applying the qualitative and quantitative thresholds from IFRS 8 Operating Segments , the reportable segments were determined as: Tshepong North, Tshepong South, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Mponeng, Mine Waste Solutions and Hidden Valley. All other operating segments have been grouped together under all other surface operations. The CODM has been identified as the Group CEO's office consisting of the: • Chief executive officer • Financial director • Executive director: Stakeholder relations and Corporate affairs • Group Chief operating officer: Operations • Group Chief operating officer: Chief Development Officer • Chief financial officer: Treasury • Senior executive: Chief Corporate Officer • Senior executive: Chief Sustainability Officer • Senior executive: Chief People Officer • Executive: Chief Technology and Information Officer • Executive operating officer: South Africa Operations • Executive operating officer: Australasia Operations. When assessing profitability, the CODM considers the revenue and production costs of each segment. The net of these amounts is the production profit or loss. Therefore, production profit has been disclosed in the segment report as the measure of profit or loss. The CODM also considers capital expenditure, gold production and tonnes milled when assessing the overall economic sustainability of each segment. The CODM, however, does not consider depreciation or impairment and therefore these amounts have not been disclosed in the segment report. Segment assets consist of mining assets and mining assets under construction included under property, plant and equipment which can be attributed to the segment. Current and non-current group assets that are not allocated at a segment level form part of the reconciliation to total assets. A reconciliation of the segment totals to the group financial statements has been included in note 40. continued Revenue 1 30 June Production cost 30 June Production Segment assets Capital expenditure # 30 June Kilograms produced* Tonnes milled* 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Rand million Rand million Rand million Rand million Rand million Kg 000t South Africa Underground Moab Khotsong 8 108 7 036 5 779 4 638 4 515 4 038 3 470 2 521 1 741 6 017 5 125 4 324 1 330 1 167 894 6 599 6 668 6 508 822 920 959 Mponeng 10 577 7 845 5 620 5 795 4 997 4 487 4 782 2 848 1 133 4 438 4 630 4 433 890 704 605 8 751 7 449 6 086 880 884 840 Tshepong North 3 877 3 530 3 429 2 827 2 701 2 894 1 050 829 535 2 369 2 226 2 049 559 553 1 038 3 248 3 354 3 793 726 795 988 Tshepong South 3 734 3 607 2 922 2 564 2 395 2 190 1 170 1 212 732 2 326 2 043 1 730 527 514 476 3 129 3 431 3 229 465 506 573 Doornkop 4 198 4 384 3 106 3 041 3 009 2 453 1 157 1 375 653 3 924 3 624 3 222 686 716 491 3 470 4 213 3 444 815 898 874 Joel 2 079 2 044 1 411 1 663 1 616 1 308 416 428 103 1 372 1 306 1 244 235 231 225 1 733 1 947 1 556 401 435 434 Target 1 2 262 1 308 1 648 2 352 2 009 1 812 (90) (701) (164) 1 951 1 745 1 517 488 428 384 1 859 1 275 1 800 462 365 455 Kusasalethu 4 638 3 621 4 139 3 670 3 343 3 086 968 278 1 053 520 634 822 226 253 210 3 842 3 460 4 567 584 567 607 Masimong 2 137 2 053 1 733 1 852 1 724 1 504 285 329 229 — 16 17 44 47 49 1 780 1 961 1 910 473 470 486 Bambanani 2 — 18 1 286 — 16 1 163 — 2 123 — — — — — 25 — — 1 433 — — 176 Surface Mine Waste Solutions 4 016 2 689 2 642 2 047 1 809 1 588 1 969 880 1 054 3 546 2 060 1 027 1 463 932 264 3 770 2 804 2 899 22 655 23 067 23 443 All other surface operations 6 463 4 945 4 868 3 694 3 371 3 551 2 769 1 574 1 317 1 268 1 234 1 066 338 316 282 5 296 4 719 5 304 19 676 19 382 20 737 Total South Africa 52 089 43 080 38 583 34 143 31 505 30 074 17 946 11 575 8 509 27 731 24 643 21 451 6 786 5 861 4 943 43 477 41 281 42 529 47 959 48 289 50 572 International Hidden Valley 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total international 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total operations 58 270 47 520 41 742 36 390 33 541 32 196 21 880 13 979 9 546 33 301 30 409 25 592 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 Reconciliation of segment information to the consolidated income 3 109 1 755 903 2 533 1 325 903 576 430 — 27 159 26 831 21 216 — — — — — — — — — 61 379 49 275 42 645 38 923 34 866 33 099 22 456 14 409 9 546 60 460 57 240 46 808 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R71 million (2023: R41 million) (2022: R22 million). * Production statistics are unaudited. 1 Segment revenue consists of revenue from the sale of gold, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement. 2 The Bambanani operation closed during June 2022. The transactions in the prior year relate to the inventory at 30 June 2022. SA Rand Figures in million 2024 2023 2022 Reconciliation of production profit to consolidated profit/(loss) Revenue per segment report 58 270 47 520 41 742 Revenue per income statement 61 379 49 275 42 645 Other metal sales treated as by-product credits in the segment report (2 533) (1 325) (903) Toll treatment services (576) (430) — Production costs per segment report (36 390) (33 541) (32 196) Production costs per income statement (38 923) (34 866) (33 099) Other metal sales treated as by-product credits in the segment report 2 533 1 325 903 Production profit per segment report 21 880 13 979 9 546 Revenue not included in segments 576 430 — Cost of sales items other than production costs (8 310) (4 669) (8 828) Amortisation and depreciation of mining assets (4 546) (3 355) (3 622) Amortisation and depreciation of assets other than mining assets (96) (99) (61) Rehabilitation expenditure (3) (32) (136) Care and maintenance cost of restructured shafts (246) (227) (273) Employment termination and restructuring costs (86) (597) (218) Share-based payments (171) (51) (143) Impairment of assets (2 793) — (4 433) Toll treatment costs (420) (323) — Other 51 15 58 Gross profit 14 146 9 740 718 Corporate, administration and other expenditure (1 294) (1 044) (984) Exploration expenditure (1 047) (506) (214) Gains/(losses) on derivatives 453 (194) 53 Foreign exchange translation gain/(loss) 97 (634) (327) Other operating expenses (679) (268) (1) Operating profit/(loss) 11 676 7 094 (755) Acquisition-related costs — (214) — Share of profit from associate 81 57 63 Investment income 809 663 352 Finance costs (796) (994) (718) Profit/(loss) before taxation 11 770 6 606 (1 058) 40 Reconciliation of segment information to consolidated income statement and balance sheet continued SA Rand Figures in million 2024 2023 2022 Reconciliation of total segment assets to consolidated assets Non-current assets Property, plant and equipment not allocated to a segment 8 047 11 098 7 280 Mining assets (a) 1 064 1 080 943 Undeveloped property (b) 4 475 7 384 4 004 Other non-mining assets 567 516 510 Assets under construction (c) 1 941 2 118 1 823 Intangible assets 19 33 48 Restricted cash and investments 6 494 6 121 5 555 Investments in associates 165 111 125 Deferred tax assets 140 189 203 Other non-current assets 344 332 374 Derivative financial assets 453 269 137 Current assets Inventories 3 603 3 265 2 818 Restricted cash and investments 39 41 27 Trade and other receivables 2 604 2 395 1 682 Derivative financial assets 558 110 519 Cash and cash equivalents 4 693 2 867 2 448 Total 27 159 26 831 21 216 (a) These balances relate to Wafi-Golpu assets and assets that provide services to several CGUs, such as Harmony One Plant. (b) Undeveloped properties comprise the Target North property, Eva Copper (refer to note 14) and Wafi-Golpu’s undeveloped properties. Refer to note 6 for details on the impairment of Target North. (c) Assets under construction consist of the Wafi-Golpu assets.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2024
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Accounting Policies	Accounting policies Basis of preparation The principal accounting policies applied in the preparation of the consolidated financial statements have been consistently applied in all years presented, except for the changes as described under "Recent accounting developments" below. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (IASB) and IFRS Interpretations Committee (IFRIC) Interpretations (collectively IFRS). The consolidated financial statements have been prepared on a going concern basis. The consolidated financial statements have been prepared to the nearest million and rounding may cause differences. Recent accounting developments New standards, amendments to standards and interpretations to existing standards adopted by the group During the financial year, the following new standards, amendments to standards and interpretations to existing standards were adopted by the group. No other standards and amendments to standards that became effective during the 2024 year were relevant to the consolidated financial statements. IAS 1 Presentation of Financial Statements (Amendment) The IASB amended paragraphs 117 – 122 of IAS 1 to require entities to disclose their material accounting policy information rather than their significant accounting policies. The amendments are effective from annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment) The amendments introduce the definition of accounting estimates and included other amendments to IAS 8 to help entities distinguish changes in accounting policies from changes in accounting estimates. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 12 Income taxes (Amendment) The IASB issued Deferred tax related to Assets and Liabilities arising from a Single Transaction (Amendment to IAS 12) to narrow the scope of IAS 12 recognition exemption so that it no longer applies to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 12 Income taxes (Amendment) In May 2023, the IASB issued International Tax Reform—Pillar Two Model Rules, which amended IAS 12 Income Taxes . The amendments introduced a temporary exception to the requirements to recognise and disclose information about deferred tax assets and liabilities related to Pillar Two income taxes. The amendment also introduced targeted disclosure requirements for affected entities. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. 2 Accounting policies continued Recent accounting developments continued New standards, amendments to standards and interpretations to existing standards adopted by the group continued IAS 12 Income taxes (Amendment) continued The Harmony group is within the scope of the the Pillar Two model rules established by the Organisation for Economic Co- operation and Development (OECD). Over 140 countries have agreed to enact local legislation in their respective jurisdictions to implement the OECD’s Pillar two model rules. Harmony is liable to pay a top-up tax for the difference between its Pillar Two effective tax rate per jurisdiction and the 15% minimum rate. Harmony has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes. Harmony operates in the South African, Australian and Papua New Guinea tax jurisdictions. Draft legislation addressing Pillar Two income tax laws has been published by the respective governments of South Africa and Australia for an expected implementation date for years of assessment beginning on or after 1 January 2024. No announcements regarding Pillar Two income tax laws have been made by the Papua New Guinea government. Harmony is expected to be subject to Pillar Two income tax laws in the South African and Australian jurisdictions for the 2025 financial year and onwards, based on the current implementation dates of the respective legislations. Based on current estimates performed by making use of the 2023 audited consolidated financial statements and supporting information, it is assessed that none of Harmony’s profits would be at risk of being subject to Pillar Two income taxes. New standards, amendments to standards and interpretations to existing standards that are not yet effective and have not been early adopted At the date of authorisation of these financial statements, the standards, amendments to standards and interpretations listed below were in issue but not yet effective. These new standards and interpretations have not been early adopted by the group and the group plans on adopting these standards, amendments to standards and interpretations on the dates when they become effective. IAS 1 Presentation of Financial Statements (Amendment) The IASB issued amendments to IAS 1 Presentation of Financial Statements to clarify its requirements for the presentation of liabilities in the statement of financial position. The amendments are effective from annual reporting periods beginning on or after 1 January 2024. The amendments are not expected to have a material impact on the group. IAS 1 Presentation of Financial Statements (Amendment) The amendments improved the information an entity provides when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants. The amendments also responded to stakeholders’ concerns about the classification of such a liability as current or non-current. The amendments are effective for annual reporting periods beginning on or after 1 January 2024. The amendments are not expected to have a material impact on the group. IFRS 7 Financial Instruments : Disclosures & IFRS 9 Financial Instruments (Amendment) The IASB issued Amendments to the Classification and Measurement of Financial Instruments in response to feedback received as part of the post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments and related requirements in IFRS 7 Financial Instruments: Disclosures . The amendments are effective for annual reporting periods beginning on or after 1 January 2026. The amendments are not expected to have a material impact on the group. IFRS 18 Presentation and Disclosure in Financial Statements The IASB issued IFRS 18 Presentation and Disclosure in Financial Statements , with the aim to improve the quality of financial reporting by: • requiring defined subtotals in the statement of profit or loss • requiring disclosure about management-defined performance measures and • adding new principles for aggregation and disaggregation of information. The IASB expects these improvements will enable investors to make more informed decisions leading to better allocations of capital that will contribute to long-term financial stability. This standard replaces IAS 1 Presentation of Financial Statements . IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027. Harmony is still assessing the impact of this new accounting standard. Measurement basis The financial statements have been prepared under the historical cost convention except for certain financial assets and financial liabilities which are measured at fair value through profit or loss or other comprehensive income – refer to note 37. Group accounting policies Accounting policies are included in the relevant notes to the consolidated financial statements and have been highlighted between red lines in the notes to the consolidated financial statements. The accounting policies that follow are applied throughout the financial statements. The group recognises that control is the single basis for consolidation for all types of entities in accordance with IFRS 10 Consolidated Financial Statements . The consolidated financial information includes the financial statements of the company, its subsidiaries, interest in associates and joint arrangements and structured entities. Where the group has no control over an entity, that entity is not consolidated. Control The group, regardless of the nature of its involvement with an entity, shall determine whether it is a parent by assessing whether it controls the investee. The group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. (i) Subsidiaries Subsidiaries are entities over which the group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the group up until when that control ceases. Intercompany transactions, balances and unrealised gains or losses on transactions between group companies are eliminated. Accounting policies of subsidiaries have been changed to ensure consistency with the policies adopted by the group. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of an acquiree is the fair value of the assets transferred, liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets. The excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the group’s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, in the case of a bargain purchase, the difference is recognised directly in the income statement below operating profit or loss. (ii) Associates Associates are entities in which the group has significant influence, but not control, over operational and financial policies. This may be when there is a shareholding of between 20% and 50% of the voting rights or when significant influence can be otherwise demonstrated, for example where the group has the right of representation on the board of directors, or other governing body, of the entity. Investments in associates are accounted for by using the equity method of accounting, and are initially recognised at cost. The group’s investment in associates includes goodwill identified on acquisition. Cumulative post-acquisition movements are adjusted against the carrying amount of the investment. The group’s share of the associates’ post-acquisition profits or losses is recognised in the income statement, and its share of post-acquisition movement in reserves is recognised in other reserves. When the group’s share of losses in an associate equals or exceeds its interest in the associate, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. The carrying value of an associate is reviewed on a regular basis and, if impairment in the carrying value has occurred, it is written off in the period in which such impairment is identified. Accounting policies of associates have been reviewed to ensure consistency with the policies adopted by the group. (iii) Joint arrangements Joint arrangements are arrangements of which two or more parties have joint control and are contractually bound. The joint arrangement can either be a joint operation or a joint venture. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement and have the right to the assets, and obligations for the liabilities, relating to the arrangement. These parties are called joint operators. A joint venture is a joint arrangement where the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Those parties are called joint venturers. For interest in joint operations, the group includes its share of the joint operations' individual income and expenses, assets and liabilities and cash flows on a line-by-line basis with similar items in the group’s financial statements. Where an additional interest in a joint operation is acquired, the principles of IFRS 3 are applied to account for the transaction. The group recognises the portion of gains or losses on the sale of assets by the group to the joint operation that is attributable to the other joint operators. The group does not recognise its share of profits or losses from the joint operation that results from the purchase of assets by the group from the joint operation until it resells the assets to an independent party. However, if a loss on the transaction provides evidence of a reduction in the net realisable value of current assets or an impairment loss, the loss is recognised immediately. The group recognises its interest in a joint venture as an investment and accounts for it using the equity accounting method. 2 Accounting policies continued Group accounting policies continued 2.1 Consolidation continued (iv) Structured entities A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. The accounting treatment for a structured entity will fall into one of the aforementioned categories (i to iii) depending on whether the group has control over that structured entity. 2.2 Foreign currency translation (i) Functional and presentation currency Items included in the financial statements of each of the group’s entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency). The consolidated financial statements are presented in South African Rand, which is the group’s presentation currency. References to “A$” refers to Australian currency, “R” to South African currency, “$” or “US$” to United States currency and “PGK” or “Kina” to Papua New Guinean currency. (ii) Transactions and balances Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation to year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement. This includes the gains and losses on the translation of the US$-denominated facilities. (iii) Group companies The results and financial position of all group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet while equity items are translated at historic rates • Income and expenses for each income statement are translated at average exchange rates (the rate on the date of the transaction is used if the average is not a reasonable rate for the translation of the transaction) • All resulting exchange differences are recognised as a separate component of other comprehensive income. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, and of borrowings and other currency instruments designated as hedges of such investments, are taken to other comprehensive income. When a foreign operation is sold or control is otherwise lost, exchange differences that were recorded in other comprehensive income are recognised in profit or loss in the period of the disposal or change in control. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign entity and translated at the closing rate. 2.3 Derivatives and hedging activities Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged. The difference between the fair value of the derivative at initial recognition and expected forward transaction price is deferred and recognised as a day one gain or loss. The day one gain or loss is amortised over the derivative contract period and recognised in profit or loss in gains/losses on derivatives. The full fair value of a derivative is classified as a non-current asset or liability when the remaining maturity is more than 12 months; it is classified as a current asset or liability when the remaining maturity is less than 12 months. (i) Cash flow hedge The group designates certain derivatives as hedges of a particular risk associated with the cash flows of highly probable forecast transactions (cash flow hedges). At inception of the hedge relationship, the group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The group documents its risk management objective and strategy for undertaking its hedge transactions. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income and accumulated in reserves in equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss within gains/losses on derivatives. Amounts accumulated in equity are reclassified to profit or loss in the periods when the forecast sale that is hedged takes place and affects profit or loss. The gain or loss relating to the effective portion of the Rand and US$ gold forward sales contracts is recognised in profit or loss within revenue. 2 Accounting policies continued Group accounting policies continued 2.3 Derivatives and hedging activities continued (i) Cash flow hedge continued When a hedging instrument expires or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised when the forecast transaction that was hedged is ultimately recognised in profit or loss. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately reclassified to profit or loss. (ii) Derivatives not designated for hedge accounting purposes Certain derivative instruments do not qualify for hedge accounting. Changes in the fair value as well as gains and losses on expiry, disposal or termination of any derivative instrument that does not qualify for hedge accounting are recognised immediately in profit or loss and are included in gains/losses on derivatives. 2.4 Exploration expenditure The group expenses all exploration and evaluation expenditures until it is concluded that the project is technically feasible and commercially viable, and that future economic benefits are therefore probable. The information used to make that determination depends on the level of exploration as well as the degree of confidence in the ore body as set out below. Exploration and evaluation expenditure on greenfield sites, being those where the group does not have any mineral deposits which are already being mined or developed, is expensed as incurred until the technical and commercial viability of the project has been demonstrated usually through the completion of a final feasibility study. However, in certain instances, the technical and commercial viability of the deposit may be demonstrated at an earlier stage, for example where an extended feasibility study is conducted and the underlying feasibility study in respect of specific components of the mineral deposit has advanced to such a stage that significant commercially viable reserves has been established, and the other criteria for the recognition of an asset have been met. At this point the expenditure is capitalised as mine development cost to the extent that future economic benefits are expected. Exploration and evaluation expenditure on brownfield sites, being those adjacent to mineral deposits which are already being mined or developed, is expensed as incurred until the group is able to demonstrate that future economic benefits are probable through the completion of a feasibility study, after which the expenditure is capitalised as mine development cost to the extent that future economic benefits are expected. A “feasibility study” consists of a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method has been established, and which, if an effective method of mineral processing has been determined, includes a financial analysis based on reasonable assumptions of technical, engineering, operating economic factors and the evaluation of other relevant factors. The feasibility study, when combined with existing knowledge of the mineral property that is adjacent to mineral deposits that are already being mined or developed, allows the group to conclude that the project is technically feasible and commercially viable. Exploration and evaluation expenditure relating to extensions of mineral deposits which are already being mined or developed, including expenditure on the definition of mineralisation of such mineral deposits, is capitalised as a mine development cost following the completion of an economic evaluation equivalent to a feasibility study. This economic evaluation is distinguished from a feasibility study in that some of the information that would normally be determined in a feasibility study is instead obtained from the existing mine or development. This information, when combined with existing knowledge of the mineral property already being mined or developed, allows the directors to conclude that the project is technically feasible and commercially viable. 2.5 Impairment of non-financial assets Assets that have an indefinite useful life are not subject to amortisation or depreciation and are tested annually for impairment or when there is an indication of impairment. Assets that are subject to amortisation are reviewed annually on 30 June for impairment or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised in the income statement for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating unit or CGU). Each operating shaft, along with allocated common assets such as plants and administrative offices, is considered to be a cash generating unit as each shaft is largely independent from the cash flows of other shafts and assets belonging to the group. Fair value less cost to sell is generally determined by using discounted estimated after-tax future cash flows. Future cash flows are estimated based on quantities of recoverable minerals, expected commodity prices (considering current and historical prices, price trends and related factors), production levels and cash costs of production, all based on life-of-mine (LoM) plans. Future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and risk specific to the asset. Refer to note 14 for detail. 2 Accounting policies continued Group accounting policies continued 2.5 Impairment of non-financial assets continued The term “recoverable minerals” refers to the estimated amount of gold that will be obtained from reserves and resources and all related exploration stage mineral interests (except for other mine-related exploration potential and greenfields exploration potential discussed separately below) after taking into account losses during ore processing and treatment. Estimates of recoverable minerals from such related exploration stage mineral interests will be risk adjusted based on management’s relative confidence in such materials. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of cash flows from other asset groups. Except for other mine-related exploration potential and greenfields exploration potential, estimates of future undiscounted cash flows are included on an area of interest basis, which generally represents an individual operating mine, even if the mines are included in a larger mine complex. Areas of exploration potential are grouped on an area of activity basis. In the case of mineral interests associated with other mine-related exploration potential and greenfields exploration potential, cash flows and fair values are individually evaluated based primarily on recent exploration results and recent transactions involving sales of similar properties, if any. Assumptions underlying future cash flow estimates are subject to significant risks and uncertainties. Impairment losses on goodwill are recognised immediately in the income statement and are not reversed. The impairment testing is performed annually on 30 June or when events or changes in circumstances indicate that it may be impaired. Non-financial assets other than goodwill that suffered an impairment are reviewed annually for possible reversal of the impairment at 30 June. Reversal of impairments is also considered when there is objective evidence to indicate that the asset is no longer impaired. Where an impairment subsequently reverses, the carrying amount of the asset or CGU is increased to the revised estimate of its recoverable amount, but not higher than the carrying value that would have been determined had no impairment been recognised in prior years. 2.6 Operating profit The group defines operating profit as the profit earned from the normal core mining operations. In reporting operating profit in the income statement, capital transactions involving subsidiaries, joint arrangements and associates are excluded from operating profit as these are not considered to be part of the mining operations of the Harmony group. Any gains or losses on capital transactions are presented below the operating profit line.
Basis of preparation	Basis of preparation The principal accounting policies applied in the preparation of the consolidated financial statements have been consistently applied in all years presented, except for the changes as described under "Recent accounting developments" below. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (IASB) and IFRS Interpretations Committee (IFRIC) Interpretations (collectively IFRS). The consolidated financial statements have been prepared on a going concern basis. The consolidated financial statements have been prepared to the nearest million and rounding may cause differences. Measurement basis The financial statements have been prepared under the historical cost convention except for certain financial assets and financial liabilities which are measured at fair value through profit or loss or other comprehensive income – refer to note 37.
Statement of IFRS compliance	The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards Accounting Standards as issued by the International Accounting Standards Board (IASB) and IFRS Interpretations Committee (IFRIC) Interpretations (collectively IFRS).
New standards, amendments to standards and interpretations to existing standards adopted by the group	New standards, amendments to standards and interpretations to existing standards that are not yet effective and have not been early adopted At the date of authorisation of these financial statements, the standards, amendments to standards and interpretations listed below were in issue but not yet effective. These new standards and interpretations have not been early adopted by the group and the group plans on adopting these standards, amendments to standards and interpretations on the dates when they become effective. IAS 1 Presentation of Financial Statements (Amendment) The IASB issued amendments to IAS 1 Presentation of Financial Statements to clarify its requirements for the presentation of liabilities in the statement of financial position. The amendments are effective from annual reporting periods beginning on or after 1 January 2024. The amendments are not expected to have a material impact on the group. IAS 1 Presentation of Financial Statements (Amendment) The amendments improved the information an entity provides when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants. The amendments also responded to stakeholders’ concerns about the classification of such a liability as current or non-current. The amendments are effective for annual reporting periods beginning on or after 1 January 2024. The amendments are not expected to have a material impact on the group. IFRS 7 Financial Instruments : Disclosures & IFRS 9 Financial Instruments (Amendment) The IASB issued Amendments to the Classification and Measurement of Financial Instruments in response to feedback received as part of the post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments and related requirements in IFRS 7 Financial Instruments: Disclosures . The amendments are effective for annual reporting periods beginning on or after 1 January 2026. The amendments are not expected to have a material impact on the group. IFRS 18 Presentation and Disclosure in Financial Statements The IASB issued IFRS 18 Presentation and Disclosure in Financial Statements , with the aim to improve the quality of financial reporting by: • requiring defined subtotals in the statement of profit or loss • requiring disclosure about management-defined performance measures and • adding new principles for aggregation and disaggregation of information. The IASB expects these improvements will enable investors to make more informed decisions leading to better allocations of capital that will contribute to long-term financial stability. This standard replaces IAS 1 Presentation of Financial Statements . IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027. Harmony is still assessing the impact of this new accounting standard.
New standards, amendments to standards and interpretations to existing standards that are not yet effective and have not been early adopted	IAS 1 Presentation of Financial Statements (Amendment) The IASB amended paragraphs 117 – 122 of IAS 1 to require entities to disclose their material accounting policy information rather than their significant accounting policies. The amendments are effective from annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment) The amendments introduce the definition of accounting estimates and included other amendments to IAS 8 to help entities distinguish changes in accounting policies from changes in accounting estimates. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 12 Income taxes (Amendment) The IASB issued Deferred tax related to Assets and Liabilities arising from a Single Transaction (Amendment to IAS 12) to narrow the scope of IAS 12 recognition exemption so that it no longer applies to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. The amendments did not have a material impact on the group. IAS 12 Income taxes (Amendment) In May 2023, the IASB issued International Tax Reform—Pillar Two Model Rules, which amended IAS 12 Income Taxes . The amendments introduced a temporary exception to the requirements to recognise and disclose information about deferred tax assets and liabilities related to Pillar Two income taxes. The amendment also introduced targeted disclosure requirements for affected entities. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. 2 Accounting policies continued Recent accounting developments continued New standards, amendments to standards and interpretations to existing standards adopted by the group continued IAS 12 Income taxes (Amendment) continued The Harmony group is within the scope of the the Pillar Two model rules established by the Organisation for Economic Co- operation and Development (OECD). Over 140 countries have agreed to enact local legislation in their respective jurisdictions to implement the OECD’s Pillar two model rules. Harmony is liable to pay a top-up tax for the difference between its Pillar Two effective tax rate per jurisdiction and the 15% minimum rate. Harmony has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes. Harmony operates in the South African, Australian and Papua New Guinea tax jurisdictions. Draft legislation addressing Pillar Two income tax laws has been published by the respective governments of South Africa and Australia for an expected implementation date for years of assessment beginning on or after 1 January 2024. No announcements regarding Pillar Two income tax laws have been made by the Papua New Guinea government. Harmony is expected to be subject to Pillar Two income tax laws in the South African and Australian jurisdictions for the 2025 financial year and onwards, based on the current implementation dates of the respective legislations. Based on current estimates performed by making use of the 2023 audited consolidated financial statements and supporting information, it is assessed that none of Harmony’s profits would be at risk of being subject to Pillar Two income taxes.
Consolidation	Consolidation The group recognises that control is the single basis for consolidation for all types of entities in accordance with IFRS 10 Consolidated Financial Statements . The consolidated financial information includes the financial statements of the company, its subsidiaries, interest in associates and joint arrangements and structured entities. Where the group has no control over an entity, that entity is not consolidated. Control The group, regardless of the nature of its involvement with an entity, shall determine whether it is a parent by assessing whether it controls the investee. The group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. (i) Subsidiaries Subsidiaries are entities over which the group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the group up until when that control ceases. Intercompany transactions, balances and unrealised gains or losses on transactions between group companies are eliminated. Accounting policies of subsidiaries have been changed to ensure consistency with the policies adopted by the group. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of an acquiree is the fair value of the assets transferred, liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets. The excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the group’s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, in the case of a bargain purchase, the difference is recognised directly in the income statement below operating profit or loss. (ii) Associates Associates are entities in which the group has significant influence, but not control, over operational and financial policies. This may be when there is a shareholding of between 20% and 50% of the voting rights or when significant influence can be otherwise demonstrated, for example where the group has the right of representation on the board of directors, or other governing body, of the entity. Investments in associates are accounted for by using the equity method of accounting, and are initially recognised at cost. The group’s investment in associates includes goodwill identified on acquisition. Cumulative post-acquisition movements are adjusted against the carrying amount of the investment. The group’s share of the associates’ post-acquisition profits or losses is recognised in the income statement, and its share of post-acquisition movement in reserves is recognised in other reserves. When the group’s share of losses in an associate equals or exceeds its interest in the associate, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. The carrying value of an associate is reviewed on a regular basis and, if impairment in the carrying value has occurred, it is written off in the period in which such impairment is identified. Accounting policies of associates have been reviewed to ensure consistency with the policies adopted by the group. (iii) Joint arrangements Joint arrangements are arrangements of which two or more parties have joint control and are contractually bound. The joint arrangement can either be a joint operation or a joint venture. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement and have the right to the assets, and obligations for the liabilities, relating to the arrangement. These parties are called joint operators. A joint venture is a joint arrangement where the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Those parties are called joint venturers. For interest in joint operations, the group includes its share of the joint operations' individual income and expenses, assets and liabilities and cash flows on a line-by-line basis with similar items in the group’s financial statements. Where an additional interest in a joint operation is acquired, the principles of IFRS 3 are applied to account for the transaction. The group recognises the portion of gains or losses on the sale of assets by the group to the joint operation that is attributable to the other joint operators. The group does not recognise its share of profits or losses from the joint operation that results from the purchase of assets by the group from the joint operation until it resells the assets to an independent party. However, if a loss on the transaction provides evidence of a reduction in the net realisable value of current assets or an impairment loss, the loss is recognised immediately. The group recognises its interest in a joint venture as an investment and accounts for it using the equity accounting method. 2 Accounting policies continued Group accounting policies continued 2.1 Consolidation continued (iv) Structured entities A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. The accounting treatment for a structured entity will fall into one of the aforementioned categories (i to iii) depending on whether the group has control over that structured entity.
Consolidation, Subsidiaries	(i) Subsidiaries Subsidiaries are entities over which the group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the group up until when that control ceases. Intercompany transactions, balances and unrealised gains or losses on transactions between group companies are eliminated. Accounting policies of subsidiaries have been changed to ensure consistency with the policies adopted by the group. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of an acquiree is the fair value of the assets transferred, liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets. The excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the group’s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, in the case of a bargain purchase, the difference is recognised directly in the income statement below operating profit or loss.
Business combinations	The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of an acquiree is the fair value of the assets transferred, liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets. The excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the group’s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, in the case of a bargain purchase, the difference is recognised directly in the income statement below operating profit or loss.
Consolidation, Associates	(ii) Associates Associates are entities in which the group has significant influence, but not control, over operational and financial policies. This may be when there is a shareholding of between 20% and 50% of the voting rights or when significant influence can be otherwise demonstrated, for example where the group has the right of representation on the board of directors, or other governing body, of the entity. Investments in associates are accounted for by using the equity method of accounting, and are initially recognised at cost. The group’s investment in associates includes goodwill identified on acquisition. Cumulative post-acquisition movements are adjusted against the carrying amount of the investment. The group’s share of the associates’ post-acquisition profits or losses is recognised in the income statement, and its share of post-acquisition movement in reserves is recognised in other reserves. When the group’s share of losses in an associate equals or exceeds its interest in the associate, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the associate. The carrying value of an associate is reviewed on a regular basis and, if impairment in the carrying value has occurred, it is written off in the period in which such impairment is identified. Accounting policies of associates have been reviewed to ensure consistency with the policies adopted by the group.
Consolidation, Joint arrangements	Joint arrangements Joint arrangements are arrangements of which two or more parties have joint control and are contractually bound. The joint arrangement can either be a joint operation or a joint venture. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement and have the right to the assets, and obligations for the liabilities, relating to the arrangement. These parties are called joint operators. A joint venture is a joint arrangement where the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Those parties are called joint venturers. For interest in joint operations, the group includes its share of the joint operations' individual income and expenses, assets and liabilities and cash flows on a line-by-line basis with similar items in the group’s financial statements. Where an additional interest in a joint operation is acquired, the principles of IFRS 3 are applied to account for the transaction. The group recognises the portion of gains or losses on the sale of assets by the group to the joint operation that is attributable to the other joint operators. The group does not recognise its share of profits or losses from the joint operation that results from the purchase of assets by the group from the joint operation until it resells the assets to an independent party. However, if a loss on the transaction provides evidence of a reduction in the net realisable value of current assets or an impairment loss, the loss is recognised immediately. The group recognises its interest in a joint venture as an investment and accounts for it using the equity accounting method. 2 Accounting policies continued Group accounting policies continued 2.1 Consolidation continued
Consolidation, Structured entities	(iv) Structured entities A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. The accounting treatment for a structured entity will fall into one of the aforementioned categories (i to iii) depending on whether the group has control over that structured entity.
Foreign currency translation	2.2 Foreign currency translation (i) Functional and presentation currency Items included in the financial statements of each of the group’s entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency). The consolidated financial statements are presented in South African Rand, which is the group’s presentation currency. References to “A$” refers to Australian currency, “R” to South African currency, “$” or “US$” to United States currency and “PGK” or “Kina” to Papua New Guinean currency. (ii) Transactions and balances Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation to year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement. This includes the gains and losses on the translation of the US$-denominated facilities. (iii) Group companies The results and financial position of all group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet while equity items are translated at historic rates • Income and expenses for each income statement are translated at average exchange rates (the rate on the date of the transaction is used if the average is not a reasonable rate for the translation of the transaction) • All resulting exchange differences are recognised as a separate component of other comprehensive income. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, and of borrowings and other currency instruments designated as hedges of such investments, are taken to other comprehensive income. When a foreign operation is sold or control is otherwise lost, exchange differences that were recorded in other comprehensive income are recognised in profit or loss in the period of the disposal or change in control. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign entity and translated at the closing rate.
Functional and presentation currency	(i) Functional and presentation currency Items included in the financial statements of each of the group’s entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency). The consolidated financial statements are presented in South African Rand, which is the group’s presentation currency. References to “A$” refers to Australian currency, “R” to South African currency, “$” or “US$” to United States currency and “PGK” or “Kina” to Papua New Guinean currency.
Derivatives and hedging activities	Derivatives and hedging activities Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged. The difference between the fair value of the derivative at initial recognition and expected forward transaction price is deferred and recognised as a day one gain or loss. The day one gain or loss is amortised over the derivative contract period and recognised in profit or loss in gains/losses on derivatives. The full fair value of a derivative is classified as a non-current asset or liability when the remaining maturity is more than 12 months; it is classified as a current asset or liability when the remaining maturity is less than 12 months. (i) Cash flow hedge The group designates certain derivatives as hedges of a particular risk associated with the cash flows of highly probable forecast transactions (cash flow hedges). At inception of the hedge relationship, the group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The group documents its risk management objective and strategy for undertaking its hedge transactions. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income and accumulated in reserves in equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss within gains/losses on derivatives. Amounts accumulated in equity are reclassified to profit or loss in the periods when the forecast sale that is hedged takes place and affects profit or loss. The gain or loss relating to the effective portion of the Rand and US$ gold forward sales contracts is recognised in profit or loss within revenue. 2 Accounting policies continued Group accounting policies continued 2.3 Derivatives and hedging activities continued (i) Cash flow hedge continued When a hedging instrument expires or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised when the forecast transaction that was hedged is ultimately recognised in profit or loss. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately reclassified to profit or loss. (ii) Derivatives not designated for hedge accounting purposes Certain derivative instruments do not qualify for hedge accounting. Changes in the fair value as well as gains and losses on expiry, disposal or termination of any derivative instrument that does not qualify for hedge accounting are recognised immediately in profit or loss and are included in gains/losses on derivatives.
Exploration expenditure	2.4 Exploration expenditure The group expenses all exploration and evaluation expenditures until it is concluded that the project is technically feasible and commercially viable, and that future economic benefits are therefore probable. The information used to make that determination depends on the level of exploration as well as the degree of confidence in the ore body as set out below. Exploration and evaluation expenditure on greenfield sites, being those where the group does not have any mineral deposits which are already being mined or developed, is expensed as incurred until the technical and commercial viability of the project has been demonstrated usually through the completion of a final feasibility study. However, in certain instances, the technical and commercial viability of the deposit may be demonstrated at an earlier stage, for example where an extended feasibility study is conducted and the underlying feasibility study in respect of specific components of the mineral deposit has advanced to such a stage that significant commercially viable reserves has been established, and the other criteria for the recognition of an asset have been met. At this point the expenditure is capitalised as mine development cost to the extent that future economic benefits are expected. Exploration and evaluation expenditure on brownfield sites, being those adjacent to mineral deposits which are already being mined or developed, is expensed as incurred until the group is able to demonstrate that future economic benefits are probable through the completion of a feasibility study, after which the expenditure is capitalised as mine development cost to the extent that future economic benefits are expected. A “feasibility study” consists of a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method has been established, and which, if an effective method of mineral processing has been determined, includes a financial analysis based on reasonable assumptions of technical, engineering, operating economic factors and the evaluation of other relevant factors. The feasibility study, when combined with existing knowledge of the mineral property that is adjacent to mineral deposits that are already being mined or developed, allows the group to conclude that the project is technically feasible and commercially viable. Exploration and evaluation expenditure relating to extensions of mineral deposits which are already being mined or developed, including expenditure on the definition of mineralisation of such mineral deposits, is capitalised as a mine development cost following the completion of an economic evaluation equivalent to a feasibility study. This economic evaluation is distinguished from a feasibility study in that some of the information that would normally be determined in a feasibility study is instead obtained from the existing mine or development. This information, when combined with existing knowledge of the mineral property already being mined or developed, allows the directors to conclude that the project is technically feasible and commercially viable.
Impairment of non-financial assets	Impairment of non-financial assets Assets that have an indefinite useful life are not subject to amortisation or depreciation and are tested annually for impairment or when there is an indication of impairment. Assets that are subject to amortisation are reviewed annually on 30 June for impairment or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised in the income statement for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating unit or CGU). Each operating shaft, along with allocated common assets such as plants and administrative offices, is considered to be a cash generating unit as each shaft is largely independent from the cash flows of other shafts and assets belonging to the group. Fair value less cost to sell is generally determined by using discounted estimated after-tax future cash flows. Future cash flows are estimated based on quantities of recoverable minerals, expected commodity prices (considering current and historical prices, price trends and related factors), production levels and cash costs of production, all based on life-of-mine (LoM) plans. Future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and risk specific to the asset. Refer to note 14 for detail. 2 Accounting policies continued Group accounting policies continued 2.5 Impairment of non-financial assets continued The term “recoverable minerals” refers to the estimated amount of gold that will be obtained from reserves and resources and all related exploration stage mineral interests (except for other mine-related exploration potential and greenfields exploration potential discussed separately below) after taking into account losses during ore processing and treatment. Estimates of recoverable minerals from such related exploration stage mineral interests will be risk adjusted based on management’s relative confidence in such materials. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of cash flows from other asset groups. Except for other mine-related exploration potential and greenfields exploration potential, estimates of future undiscounted cash flows are included on an area of interest basis, which generally represents an individual operating mine, even if the mines are included in a larger mine complex. Areas of exploration potential are grouped on an area of activity basis. In the case of mineral interests associated with other mine-related exploration potential and greenfields exploration potential, cash flows and fair values are individually evaluated based primarily on recent exploration results and recent transactions involving sales of similar properties, if any. Assumptions underlying future cash flow estimates are subject to significant risks and uncertainties. Impairment losses on goodwill are recognised immediately in the income statement and are not reversed. The impairment testing is performed annually on 30 June or when events or changes in circumstances indicate that it may be impaired. Non-financial assets other than goodwill that suffered an impairment are reviewed annually for possible reversal of the impairment at 30 June. Reversal of impairments is also considered when there is objective evidence to indicate that the asset is no longer impaired. Where an impairment subsequently reverses, the carrying amount of the asset or CGU is increased to the revised estimate of its recoverable amount, but not higher than the carrying value that would have been determined had no impairment been recognised in prior years.
Operating profit	Operating profit The group defines operating profit as the profit earned from the normal core mining operations. In reporting operating profit in the income statement, capital transactions involving subsidiaries, joint arrangements and associates are excluded from operating profit as these are not considered to be part of the mining operations of the Harmony group. Any gains or losses on capital transactions are presented below the operating profit line.
Revenue	(a) Commodities Revenue from metal sales include the sale of gold, silver and uranium. Revenue from metal sales is recognised when the group satisfies its performance obligations under its contract with the customer, by transferring such metals to the customer's control. Transfer of control is generally determined to be when the risk and title to the metals passes to the customer. Revenue is measured based on the consideration specified in the contract with the customer and is driven by the quoted market prices of the metals. (b) Toll treatment The group has entered into agreements with various third parties to treat gold-bearing material at certain of the group's metallurgical plants in South Africa. The determination of the consideration receivable is set out in each individual contract, based on the third parties' specific circumstances. Revenue from toll treatment services is recognised as the group satisfies its single performance obligation under its contract with the third parties, which is the recovery of the gold through the treatment process and the facilitation of the ultimate sale of recovered gold. This is satisfied over time. The gold-bearing material, and thereafter recovered gold, remains at all times under control of the third parties until the ultimate sale of the recovered gold. Harmony therefore acts as agent in treating the gold-bearing material. Settlement is done in the month following the sale of gold (see below). Subsequent to treatment, the group delivers the recovered gold on behalf of the third parties to Rand Refinery for further refining, whereafter it is sold. The group acts as an agent in the sales process, receiving payment on behalf of the third parties before transferring the amounts owed to them. (c) Hedging The effective portion of gains or losses on the derivatives designated as cash flow hedging items (forecast sales transactions) are recognised in revenue when the forecast sales transactions occur. See the accounting policy for derivatives and hedging activities in note 2.
Investment income	Interest income is recognised on the effective interest method, taking into account the principal outstanding and the effective rate over the period to maturity, when it is determined that such income will accrue to the group. Dividend income is recognised when the shareholder's right to receive payment is established. This is recognised at the last date of registration. Cash flows from interest and dividends received are classified under operating activities in the cash flow statement.
Taxation	Taxation is made up of current and deferred taxation. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the group operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax authorities. Deferred taxation is recognised on temporary differences existing at each reporting date between the tax base of all assets and liabilities and their carrying amounts. Substantively enacted tax rates are used to determine future anticipated effective tax rates which in turn are used in the determination of deferred taxation, except to the extent that deferred tax arises from the initial recognition of an asset or liability in a transaction that is not a business combination and does not affect the accounting or taxable profit or loss at the time of the transaction. Deferred tax is charged to profit or loss, except where the tax relates to items recognised in other comprehensive income or directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity. The effect on deferred tax of any changes in tax rates is recognised in the income statement, except to the extent that it relates to items previously charged or credited directly to equity. The principal temporary differences arise from amortisation and depreciation on property, plant and equipment, provisions, unutilised tax losses, unutilised capital allowances carried forward and unrealised gains and losses on the gold forward sale contracts. Deferred tax assets relating to the carry forward of unutilised tax losses and unutilised capital allowances are recognised to the extent that it is probable that future taxable profit will be available against which the unutilised tax losses and unutilised capital allowances can be utilised. The recoverability of these assets is reviewed at each reporting date and adjusted if recovery is no longer probable. Deferred income tax is provided on temporary differences arising from investments in subsidiaries, joint ventures and associates, except where the timing of the reversal of the temporary difference is controlled by the group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.
Dividends	Dividends declared are recognised in the period in which they are approved by the board of directors. Dividends are payable in South African Rand. Cash flows from dividends paid are classified under financing activities in the cash flow statement.
Mining assets	Mining assets, including mine development costs and mine plant facilities, are initially recorded at cost, whereafter they are measured at cost less accumulated depreciation and impairment. Costs include expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The net assets of operations placed on care and maintenance are impaired to their recoverable amount. Expenditure on the care and maintenance of these operations is charged against income, as incurred. Mineral and surface use rights represent mineral and surface use rights for parcels of land, both owned and not owned by the group. Mineral and surface rights include acquired mineral use rights in production, development and exploration phase properties. The amount capitalised related to a mineral and surface right, either as an individual asset purchase or as part of a business combination, is the fair value at acquisition. The group’s mineral use rights are enforceable regardless of whether proved or probable reserves have been established. In certain limited situations, the nature of use changes from an exploration right to a mining right upon the establishment of proved and probable reserves. The group has the ability and intent to renew mineral use rights where the existing term is not sufficient to recover all identified and valued proved and probable reserves and/or undeveloped mineral interests. Depreciation Depreciation of mining assets is computed principally by the units-of-production method over life-of-mine based on estimated quantities of economically recoverable proved and probable reserves, which can be recovered in future from known mineral deposits. Mineral rights associated with production phase mineral interests are amortised over the life-of-mine using the units-of-production method in order to match the amortisation with the expected underlying future cash flows. Impairment Testing for impairment is done in terms of the group policy as discussed in note 2.5. Scrapping of assets Where significant adverse changes have taken place relating to the useful life of an asset, that asset is tested for impairment in terms of the group policy as discussed in note 2.5. Whether or not an impairment is recognised, it is then necessary to review the useful lives and residual values of the assets within the CGU – this is reviewed at least annually. Where necessary, the useful lives and residual values of the individual assets are revised. Where the useful life of an asset is nil as a result of no future economic benefit expected from the use or disposal of that asset, it is necessary to derecognise the asset. The loss arising from the derecognition is included in profit or loss in the period in which the asset was derecognised. Stripping activities The removal of overburden and other mine waste materials is often necessary during the initial development of an opencast mine site, in order to access the mineral ore deposit. The directly attributable cost of this activity is capitalised in full within mining assets under construction, until the point at which the mine is considered to be capable of commercial production. The removal of waste material after the point at which a mine is capable of commercial production is referred to as production stripping. When the waste removal activity improves access to ore extracted in the current period, the costs of production stripping are charged to the income statement as operating costs in accordance with the principles of IAS 2 Inventories . 14 Property, plant and equipment continued Mining assets continued Accounting policy continued Stripping activities continued Where production stripping activity both produces inventory and improves access to ore in future periods the associated costs of waste removal are allocated between the two elements. The portion which benefits future ore extraction is capitalised within stripping and development capital expenditure. If the amount to be capitalised cannot be specifically identified, it is determined based on the volume of waste extracted compared to expected volume for the identified component of the orebody. Components are specific volumes of a mine’s orebody that are determined by reference to the life-of-mine plan. In certain instances significant levels of waste removal may occur during the production phase with little or no associated production. The cost of this waste removal is capitalised in full. All amounts capitalised in respect of waste removal are depreciated using the units-of-production method based on proved and probable ore reserves of the component of the orebody to which they relate. The effects of changes to the life-of-mine plan on the expected cost of waste removal or remaining reserves for a component are accounted for prospectively as a change in estimate.
Mining assets under construction	At the group’s surface mines, when it has been determined that a mineral property can be economically developed as a result of establishing proved and probable reserves, costs incurred to develop the property are capitalised as incurred until the mine is considered to have moved into the production phase. These costs include costs to further delineate the orebody and remove overburden to initially expose the orebody. At the group’s underground mines, all costs incurred to develop the property, including costs to access specific ore blocks or other areas of the underground mine, are capitalised to the extent that such costs will provide future economic benefits. These costs include the cost of shaft sinking and access, the costs of building access ways, lateral development, drift development, ramps, box cuts and other infrastructure development. Where a depreciable asset is used in the construction or extension of a mine, the depreciation is capitalised against the mine’s cost. Mineral interests associated with development and exploration phase mineral interests are not amortised until such time as the underlying property is converted to the production stage. Capitalisation of pre-production costs ceases when commercial levels of production are reached. Commercial levels of production are discussed under “production start date” above.
Undeveloped properties	Undeveloped properties are initially recognised at cost, which is generally based on the fair value of resources obtained through acquisitions. The carrying values of these properties are tested for impairment or reversal of previously recognised impairment when an indicator is identified. Once development commences, these properties are transferred to mining assets and accounted for in accordance with the related accounting policy.
Other non-mining assets	Land is shown at cost and not depreciated. Other non-mining fixed assets are shown at cost less accumulated depreciation and accumulated impairment losses. Other non-mining fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows: • Vehicles at 20% per year • Computer equipment at 33.3% per year. The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.
Financial assets	financial assets (applicable to notes 15, 16, 17 and 18) Financial assets are initially recognised when the group becomes a party to their contractual arrangements. On initial recognition, a financial asset is classified as measured at: • Amortised cost • Fair value through other comprehensive income (FVTOCI) or • Fair value through profit or loss (FVTPL). A financial asset is classified as measured at amortised cost if it is held within the business model whose objective is to hold assets to collect contractual cash flows and its contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal amount outstanding. The group measures a financial asset initially at its fair value plus, in the case of a financial asset not at FVTPL, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVTPL are expensed. The subsequent measurement of financial assets is discussed below. Financial asset category Description Debt instruments at amortised cost Financial assets at amortised cost consist of restricted cash, restricted investments, loans, trade receivables and cash and cash equivalents. Interest income from these financial assets is included in investment income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss. Impairment losses are presented in other operating expenses in the income statement. Debt instruments at fair value through profit or loss Equity-linked investments which are held to meet rehabilitation liabilities are classified as FVTPL. Debt instruments where the contractual cash flows fail to meet the solely payments of principal and interest (SPPI) criteria are also classified as FVTPL. A gain or loss on a debt investment that is subsequently measured at FVTPL is recognised in profit or loss and presented net within investment income in the period in which it arises. On derecognition of a financial asset, the difference between the proceeds received or receivable and the carrying amount of the asset is included in profit or loss. Equity instruments designated at fair value through OCI The group's equity investments are designated as FVTOCI. The group subsequently measures all equity investments at fair value. Where the group's management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments are recognised when the group’s right to receive payments is established either in profit or loss as other income or as a deduction against the asset if the dividend clearly represents a recovery of part of the cost of the investment. Residual values in OCI are reclassified to retained earnings on derecognition of the related FVTOCI instruments. Accounting policy – financial assets (applicable to notes 15, 16, 17 and 18) continued Impairment losses on financial assets at amortised cost are assessed using the forward-looking expected credit loss (ECL) approach. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (ie the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the group expects to receive). At each reporting date, the group assesses whether financial assets carried at amortised cost are credit impaired. A financial asset is ‘‘credit impaired’’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Trade receivable loss allowances are measured at an amount equal to lifetime ECLs. Loss allowances are deducted from the gross carrying amount of the assets. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously.
Environmental trust funds	Contributions are made to the group's environmental trust funds, created in accordance with statutory requirements, to fund the estimated cost of pollution control, rehabilitation and mine closure at the end of the life of the group's mines. The trusts are consolidated into the group as the group exercises control of the trusts. The measurement of the investments held by the trust funds is dependent on their classification under financial assets. Income received and gains are treated in accordance with these classifications. The equity-linked notes and investment in unit trusts are classified and measured at fair value through profit or loss, while the equity investments are classified and measured at fair value through other comprehensive income. Interest-bearing short-term investments as well as investments in government bonds are classified and measured as debt instruments at amortised cost.
Inventories	Inventories, which include finished inventories (includes bullion on hand), work in process, gold in lock-up, ore stockpiles and consumables, are measured at the lower of cost and net realisable value. Net realisable value is assessed at each reporting date and is determined with reference to relevant market prices. The cost of finished inventories, work in process and gold in lock-up is determined by reference to production cost, including amortisation and depreciation at the relevant stage of production. Ore stockpiles are valued at average production cost. Stockpiles and gold in lock-up are classified as non-current assets where the stockpile's volume exceeds current processing capacity and where a portion of static gold in lock-up is expected to be recovered more than 12 months after balance sheet date. Work in process inventories represent materials that are currently in the process of being converted to a saleable product. In - process material is measured based on assays of the material fed to process and the projected recoveries at the respective plants. In-process inventories are valued at the average cost of the material fed to process attributable to the source material coming from the mine or stockpile plus the in-process conversion costs, including the applicable depreciation relating to the process facility, incurred to that point in the process. Gold-in-process includes dynamic gold in lock-up, which is generally measured from the plants onwards. Final gold in lock-up is expected to be extracted when plants are demolished at the end of their useful lives, which is largely dependent on the estimated useful life of the operations feeding the plants. At the group’s open pit operations, gold-in-process represents production in broken ore form. Consumables are valued at weighted average cost value after appropriate allowances for slow-moving and redundant items.
Issued capital	Ordinary shares are classified as equity, incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. The cost of treasury shares is eliminated against the share capital balance.
Provisions	provisions (applicable to notes 24, 25 and 28) Provisions are recognised when the group has a present legal or constructive obligation as a result of past events where it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. The amount recognised as a provision is the net present value of the best estimate of the expenditure required to settle the present obligation at balance sheet date. It is calculated using a pre-tax rate that reflects the current market assessment of the time value of money and the risks specific to the obligation. The estimate takes into account the associated risks and uncertainties. The increase in the provision due to the passage of time is recognised as interest expense. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic benefits will be required, the provision is reversed.
Provision for environmental rehabilitation	Estimated long-term environmental obligations, comprising pollution control, rehabilitation and mine closure, are based on the group’s environmental management plans in compliance with current technological, environmental and regulatory requirements. Based on disturbances to date, the net present value of expected rehabilitation cost estimates is recognised and provided for in full in the financial statements. The estimates are reviewed annually and are discounted using a pre-tax risk-free rate that is adjusted to reflect the current market assessments of the time value of money and the risks specific to the obligation. Annual changes in the provision consist of finance costs relating to the change in the present value of the provision and inflationary increases in the provision estimate, as well as changes in estimates. The present value of environmental disturbances created is capitalised to mining assets against an increase in the rehabilitation provision. If a decrease in the liability exceeds the carrying amount of the asset, the excess is recognised immediately in the income statement. If the asset value is increased and there is an indication that the revised carrying value is not recoverable, impairment is assessed in accordance with the accounting policy dealing with impairments of non-financial assets (refer to note 2.5). Rehabilitation projects undertaken included in the estimates are charged to the provision as incurred. The cost of ongoing current programmes to prevent and control pollution is charged against income as incurred. Over time, the liability is increased to reflect an interest element, and the capitalised cost is depreciated over the life of the related asset.
Leases	The group assesses the presence of leases in supply contracts with external parties as at the commencement date of the agreement. Having determined that a contract contains a lease asset (and respective contractual cash obligations), Harmony recognises a right-of-use asset and lease liability. The group discloses expensed amounts for contracts assessed as variable leases, low value asset leases and short-term leases. The disclosed value of these expensed leases is either determined on a straight-line basis over the duration of the lease or on a systematic basis that fairly indicates the consumption of the lease contract. All expensed lease contracts are recognised in production costs, corporate, administration and other expenditure in the income statement. The group applies the following practical expedients when assessing lease contracts: • The low value lease exemption – the group has elected to take the low value exemption with a value of R50 000 for the individual leased asset value and also applied its accounting policy on capitalisation of assets based on IAS 1 materiality assessment • The short-term lease exemption – leases with a duration of less than a year will be expensed in the income statement on a straight-line basis • Non-lease components – the group has applied the practical expedient not to separate non-lease components from lease components, and instead account for each lease component and any associated non-lease components as a single lease component for the classes of the underlying asset where it is appropriate to do so. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the group uses its incremental borrowing rate. The group has applied the IFRS 16 portfolio approach in determining the discount rate for leases. As such, a single discount rate has been used for contracts that share similar characteristics. The group has determined that a portfolio of contracts that are denominated in the same currency may use a single discount rate. This rate has been determined using various factors including in-country borrowings as well as other sources of finance. The nature of the right-of-use assets was also considered. 26 Leases continued Accounting policy continued Lease payments included in the measurement of the lease liability comprise: • Fixed lease payments (including in-substance fixed payments), less any lease incentives • Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date • The amount expected to be payable by the lessee under residual value guarantees • The exercise price of purchase options, if the lessee is reasonably certain to exercise the options • Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The non-current and current portions of the lease liability is included in other non-current liabilities and trade and other payables in the balance sheet respectively. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The group remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used) • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, any initial direct costs and restoration costs as described below. They are subsequently measured at cost less accumulated depreciation and impairment losses. The lease term shall be determined as the non-cancellable period of a lease, together with: • Periods covered by an option to extend the lease if management is reasonably certain to make use of that option and/or • Periods covered by an option to terminate the lease, if management is reasonably certain not to make use of that option. Whenever the group incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognised and measured under IAS 37 Provisions, Contingent Liabilities and Contingent Assets . The costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented in mining assets and non-mining assets as part of the property, plant and equipment line in the balance sheet. The group applies its existing accounting policy on impairment of non-financial assets to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss accordingly.
Contingent consideration	Contingent consideration is initially recognised at fair value in accordance with IFRS 3. Changes in the fair value of the liability subsequent to initial recognition are included in other operating expenses.
Streaming arrangement	The streaming contract was assessed and has been accounted for as an own-use customer contract. At acquisition, the streaming contract was initially recognised at a fair value of R1.4 billion in accordance with IFRS 3. The fair value of the contract took into consideration the existing unfavourable gold price terms at acquisition, in relation to the comparative market gold price. The obligation to deliver the contractually stipulated ounces over the remaining term of the agreement results in a significant financing component. The interest accrues on the contract liability over the remaining contractual term. As the performance obligation to deliver gold is met, the contract liability unwinds into revenue classified as "consideration from streaming contract" in note 4. The current portion of the liability is determined with reference to the current production profile of the operation for the next 12 months.
Financial liabilities	financial liabilities (applicable to notes 30 and 31) Financial liabilities are initially measured at fair value when the group becomes a party to its contractual arrangements. Transaction costs are included in the initial measurement of financial liabilities, except for financial liabilities classified at fair value through profit or loss. The subsequent measurement of financial liabilities is discussed below. A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires. The group classifies financial liabilities as follows: • Borrowings are initially recognised at fair value net of transaction costs incurred and subsequently measured at amortised cost, comprising original debt and accrued interest less principal payments and amortisation, using the effective yield method. Any difference between proceeds (net of transaction cost) and the redemption value is recognised in the income statement over the period of the borrowing using the effective interest rate method. Extension options of borrowings facilities are treated as loan commitments. Fees paid on the establishment of the loan facilities are capitalised as a pre-payment and amortised over the period of the facility to which it relates, to the extent it is probable that some or all of the facility will be drawn down. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is expensed. Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. • Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. Payables are classified as current liabilities if payment is due within a year or less. If not, they are presented as non-current liabilities.
Trade and other payables	The group accrues for the cost of the leave days granted to employees during the period in which the leave days accumulate.
Employee benefits	Pension, provident and medical benefit plans are funded through monthly contributions. The group pays fixed contributions into a separate entity in terms of the defined contribution pension, provident and medical plans which are charged to the income statement in the year to which they relate. The group's liability is limited to its monthly determined contributions and it has no further liability, legal or constructive, if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Refer to note 25 for details of the post-retirement medical benefit plan. • Termination benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The group recognises termination benefits at the earlier of the following dates: (a) when the group can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring that is within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets , and involves the payment of termination benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits falling due more than 12 months after balance sheet date are discounted to present value.
Share-based payments	The group operates the following employee share incentive plans where the group granted share options to certain employees in exchange for services received: • The equity-settled Sisonke Employee Share Ownership Plan (Sisonke ESOP) initially awarded in 2019 • The equity-settled Management Deferred Share Plan (DSP) initially awarded in 2020 • The equity-settled Katleho ya Moruo Employee Share Ownership Plan (Katleho ya Moruo ESOP). Shares were issued to the Harmony ESOP Trust on 4 April 2024. However award letters were issued to employees on 1 July 2024. Refer to critical accounting estimates and judgements below for further details. Equity-settled share-based payments are measured at fair value that includes market performance conditions but excludes the impact of any service and non-market performance conditions of the equity instruments at the date of the grant. The share-based payments are expensed over the vesting period, based on the group's estimate of the shares that are expected to eventually vest. The group used an appropriate option pricing model in determining the fair value of the options granted. Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each balance sheet date, the estimates of the number of options that are expected to become exercisable are revised.
Segment report	Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM). The CODM has been identified as the Group CEO's office.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Jun. 30, 2024
Revenue [abstract]
Disclosure of Revenue	SA Rand Figures in million 2024 2023 2022 Commodities Gold (a) 59 212 47 366 40 774 Silver (b) 1 667 1 021 663 Uranium (c) 866 304 240 61 745 48 691 41 677 Toll treatment services (d) 576 430 — Revenue from contracts with customers 62 321 49 121 41 677 Consideration from streaming contract (e) 323 338 471 Hedging gain/(loss) (f) (1 265) (184) 497 Total revenue 1 61 379 49 275 42 645 1 A geographical analysis of revenue is provided in the segment report. Refer to note 39 for further information. Revenue from contracts with customers The points of transfer of control are as follows: Gold: South Africa (excluding streaming contract) Gold is delivered and a certificate of sale is issued. Gold and silver: Hidden Valley Metal is collected from Hidden Valley and a confirmation of collection is sent to and accepted by the customer. Uranium Confirmation of transfer is issued. Toll treatment services As the gold-bearing material is treated and processed over time. Streaming contract Gold is delivered and credited into the Franco-Nevada designated gold account. 4 Revenue continued (a) The increase in gold revenue during the 2024 financial year is due to the average dollar gold price increasing by 10.6%, from US$1 808/oz in the 2023 year to US$1 999/oz in 2024. Further to this there was a 5.5% increase in gold sold from 45 690kg to 48 222kg. The weakening of the Rand/US$ exchange rate from an average of R17.76/US$ to R18.70/US$ resulted in a 5.3% increase in revenue. The increase in gold revenue during the 2023 financial year is mainly due to the weakening of the Rand/US$ exchange rate from an average of R15.21/US$ to R17.76/US$. The average gold spot price increased by 17%, from R883 453/kg in 2022 to R1 036 682/kg in 2023. The increase in revenue was partially offset by the closure of Bambanani in June 2022, which contributed revenue of R1 286 million in 2022. (b) Silver is mainly derived from the Hidden Valley mine in Papua New Guinea. The increase in silver revenue in the 2024 financial year is mainly due to an increase in production of 39% to 114 240kg from 82 093kg in 2023. In addition, the average dollar silver price increased by 12.9% from US$21.89/oz in 2023 to US$24.72/oz. The increase in silver revenue in the 2023 financial year is due to an increase in production of 38% to 82 093kg from 59 489kg in 2022. This was due to a general improvement in the operating environment at Hidden Valley. The average silver price increased by 10.7% to R12 505/kg in 2023. (c) Uranium is derived from the Moab Khotsong operation. The increase is driven by kilograms produced and the average uranium price. Uranium produced increased by 12.7% to 267 667kg from 237 438kg in 2023, together with an increase in the average uranium price of 59.2% to R3 121/kg from R1 960/kg. Uranium produced increased by 41.6% to 237 438kg from 167 696kg in 2022 and the average uranium price increased by 29.5% to R1 960/kg in 2023. (d) The fees for services rendered for the treatment of third-party gold-bearing material at the Doornkop and Moab Khotsong operations. Production from third parties increased from 2 392kg in 2023 to 2 840kg in 2024 resulting in an increase in toll treatment services income of R116 million while management fees increased by R30 million. (e) The streaming arrangement results in the non-cash consideration recognised as part of revenue for the streaming arrangement. Refer to note 29 for further information . (f) The realised effective portion of the hedge-accounted gold derivatives was impacted by the average gold market spot price of R1 249 344/kg (2023: R1 045 527/kg) during the 2024 financial year compared to the average forward price of matured contracts of R1 134 735/kg (2023: R1 028 764/kg). Refer to note 17 for further information.

Cost of Sales (Tables)

Cost of Sales (Tables)	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Disclosure of Cost of Sales	SA Rand Figures in million 2024 2023 2022 Production costs (a) 38 923 34 866 33 099 Amortisation and depreciation of mining assets (b) 4 546 3 355 3 622 Amortisation and depreciation of assets other than mining assets 96 99 61 Rehabilitation expenditure (c) 3 32 136 Care and maintenance costs of restructured shafts 246 227 273 Employment termination and restructuring costs (d) 86 597 218 Share-based payments (e) 171 51 143 Impairment of assets (f) 2 793 — 4 433 Toll treatment costs (g) 420 323 — Other (51) (15) (58) Total cost of sales 47 233 39 535 41 927 (a) Production costs include mine production, transport and refinery costs, applicable general administrative costs, movement in inventories and ore stockpiles, ongoing environmental rehabilitation costs and transfers for stripping activities. Employee termination costs are included, except for employee termination costs associated with major restructuring and shaft closures, which are separately disclosed. Production costs increased by R4 057 million (12% year on year) during the 2024 year. These costs increased mainly due to inflationary pressures on costs including labour, contractors and electricity. Labour costs were also impacted by bonuses related to higher production. The royalty tax increased due to a higher rate being applied due to higher profits, as well as the increased revenue base to which it is applied. A decrease in the stripping activities of Hidden Valley’s stage 7 also impacted the total, resulting in a lower credit to production costs. 5 Cost of sales continued (a) Production costs continued The overall increase in production costs was offset by a change in inventory as a result of higher gold stock volume in the South African operations, together with a higher cost per kilogram attributable to the gold stock at Hidden Valley. Production costs increased by R1 767 million (5% year on year) during 2023. These costs increased mainly due to inflationary pressures on costs including labour, electricity and consumables costs. The royalty tax increased due to a higher rate being applied due to higher profits, as well as the increased revenue base to which it is applied. The increase in production costs was offset by the closure of Bambanani at the end of June 2022 as well as an increase of R408 million in the capitalised stripping credit at Hidden Valley. Production costs, analysed by nature, consist of the following: SA Rand Figures in million 2024 2023 2022 Labour costs, including contractors 21 333 19 760 19 350 Consumables 10 101 9 982 8 581 Water and electricity 7 633 6 342 6 009 Insurance 293 551 230 Transportation 517 281 185 Change in inventory (487) (11) 21 Capitalisation of mine development costs (2 315) (2 349) (2 576) Stripping activities (892) (1 514) (1 096) Royalty expense - regulatory 1 277 652 360 Other 1 463 1 172 2 035 Total production costs 38 923 34 866 33 099 (b) The increased depreciation for the 2024 year was mainly due to higher production at the Hidden Valley and Kalgold operations, primarily for stripping activities, with an increase of R535 million year on year. A further increase relates to assets brought into use during the year, in addition to the impact of the increased production and the year-on-year change in the reserve tonnes which is used to calculate depreciation based on the units-of-production method. The decrease for the 2023 year is predominantly due to impairment of assets recognised in the 2022 year which reduced the carrying value of mining assets of certain operations (refer to (f) below), resulting in lower depreciation for the 2023 year. Additionally, the closure of Bambanani in June 2022 resulted in no depreciation in 2023 compared to R84 million in 2022. (c) For the assumptions used to calculate the rehabilitation costs, refer to note 24. This expense includes the change in estimate for the rehabilitation provision where an asset no longer exists as well as costs related to the rehabilitation process. For 2024, R92 million (2023: R90 million) (2022: R65 million) was spent on rehabilitation in South Africa. Refer to note 24. (d) Employment termination and restructuring cost decreased in 2024 as a result of fewer employees taking up voluntary severance packages compared to the 2023 year. The higher costs in 2023 were attributable to the voluntary severance packages that were taken up following the disaggregation of the Tshepong Operations into Tshepong North and Tshepong South and the closure of Bambanani in June 2022. (e) Refer to note 34 for details on the share-based payment schemes implemented by the group. (f) Management performed an assessment for indicators of impairment as well as indicators of reversal of previously recorded impairment losses in terms of IAS 36 Impairment of Assets . Specific circumstances surrounding each of the individual cash generating units (CGUs) were considered in this assessment in order to identify significant changes in the current financial year. The Target 1 and Doornkop CGUs experienced operational issues during the year ended 30 June 2024. Additionally, there were significant adverse changes to Doornkop's life-of-mine (LOM) plan. These operational issues and the changes in the LOM plan of Doornkop were considered to be indicators of potential impairment and therefore an impairment assessment was performed for the Target 1 and Doornkop CGUs. 5 Cost of sales continued (f) Impairment of assets continued Subsequent to 30 June 2024, management received information relating to the preliminary results of the exploration drilling programme conducted for Target North. These preliminary results indicated that a decrease of the mineral resource estimation attributable to Target North is likely. The decrease in the attributable ounces indicated by the preliminary results constitutes an indication of impairment. Even though the information was received after the reporting date, it has been assessed to be an adjusting event in terms of IAS 10, Events after the Reporting Date , as it provides more reliable information of circumstances that already existed as at 30 June 2024. Therefore an impairment assessment was also performed for Target North. For the 2023 financial year, impairment assessments were performed for the Target 1, Kalgold and Kusasalethu CGUs as a result of the operational issues experienced. As a result of the group net asset value exceeding Harmony's market capitalisation as at 30 June 2022, impairment assessments were performed for all CGUs as at 30 June 2022. The recoverable amounts for the CGUs tested were determined on a fair value less cost to sell basis using assumptions in the discounted cash flow models and attributable resource values. These are fair value measurements classified as level 3 of the fair value hierarchy. Where CGUs had previously been impaired, management considered indicators of whether the impairment loss (or the contributors to the previously recognised impairment loss) no longer exists or might have decreased. Management considered general and specific factors for each CGU and concluded that although overall the gold price had improved from the time that the impairment losses had been recognised, the specific circumstances that led to the original impairments had not reversed. Furthermore, the service potential of the asset has not increased. Management therefore deemed it appropriate for no reversal of previously recognised impairment losses to be recorded for the year ended 30 June 2024. There also was no reversal of impairment for the 2023 or 2022 financial years. Refer to note 14 for further information. The impairment of assets consists of the following: SA Rand Figures in million 2024 2023 2022 Tshepong North — — 2 296 Tshepong South — — 1 326 Moab Khotsong — — 522 Kusasalethu — — 145 Bambanani — — 144 Target North 2 793 — — Total impairment of assets 2 793 — 4 433 The Tshepong Operations were disaggregated into two separate CGUs being the Tshepong North CGU and the Tshepong South CGU, for impairment testing at 30 June 2022. The operations were right-sized to ensure smaller albeit more profitable mines. The recoverable amount of the CGU where the impairment was recognised as at 30 June 2024 is as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Target North Target North is a greenfields exploration project. The impairment was as a result of information received during August 2024 by management relating to the preliminary results of the exploration drilling programme conducted. These preliminary results indicated a decrease in the mineral resource estimation. The mineral resource estimate used to determine the recoverable amount of Target North changed from the previous estimate of 56.4 million resource ounces, consisting of 22 million indicated resources and 34.4 million inferred resources, to the current mineral resource estimate of 13.8 million ounces of inferred resources. The gold resource multiple price in US dollar terms was unchanged from previous assessments. Any reasonable possible changes to the unobservable inputs of the mineral resource estimate for Target North would have resulted in immaterial changes. — 888 888 5 Cost of sales continued (f) Impairment of assets continued The recoverable amounts of the CGUs where impairments were recognised as at 30 June 2022 are as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Tshepong South For Tshepong South, the individual life-of-mine plan included additional capital to address flexibility constraints at the operation. Costs also increased significantly as a result of inflationary pressures. These changes along with a higher post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations), negatively affected the discounted cash flows used to determine the recoverable amount of the operation. 1 645 — 1 645 Tshepong North The impairment of Tshepong North was as a result of increased cost of both production and capital expenditure and an increased post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations). The recoverable amount was also affected by the reclassification of production for the sub-75 level from reserves in the life-of-mine plan to the resource base, which is subject to a higher discount rate of 13.75% (2021: 12.02%). 1 088 850 1 938 Moab Khotsong The updated life-of-mine plan included an increase in working and capital costs as a result of inflationary pressures. The updated life-of-mine plan also includes additional capital expenditure which relates to the Zaaiplaats project after finalisation of its detailed design plan during the 2022 financial year. This impacted the discounted cash flows used to determine the recoverable amount of the operation. The recoverable amount was further impacted by an increased post-tax discount rate of 10.44% (2021: 9.35%). 3 748 — 3 748 Kusasalethu A decrease in tonnes combined with a decrease in grade over the remainder of the life-of-mine of the operation led to a decrease in gold production. The reduction is due to an updated plan to mitigate safety risks that exist at the operation. 806 — 806 Bambanani The life-of mine plan of the operation was revised in the period ended 31 December 2021, bringing the closure of the operation forward from June 2024 to June 2022. This was as a result of the increased seismicity and related risk increasing as pillars were mined out. At 31 December 2021, the post-tax recoverable amount was derived from expected cash flows as per the life-of-mine plans and amounted to R36 million. The recoverable amount is now Rnil, as the operation was closed down during June 2022. The assumptions used in the December impairment assessment included a gold price of US$1 782/oz, an exchange rate of R15.36/US$1, a final gold price of R880 000/kg and a post-tax real discount rate of 12.59%. This resulted in a post-tax recoverable amount of R36 million at 31 December 2021. — — — (g) Relates to costs associated with services rendered for the treatment of third-party gold-bearing material. Refer to note 4 for further detail.
Disclosure of Production Costs	Production costs, analysed by nature, consist of the following: SA Rand Figures in million 2024 2023 2022 Labour costs, including contractors 21 333 19 760 19 350 Consumables 10 101 9 982 8 581 Water and electricity 7 633 6 342 6 009 Insurance 293 551 230 Transportation 517 281 185 Change in inventory (487) (11) 21 Capitalisation of mine development costs (2 315) (2 349) (2 576) Stripping activities (892) (1 514) (1 096) Royalty expense - regulatory 1 277 652 360 Other 1 463 1 172 2 035 Total production costs 38 923 34 866 33 099
Disclosure of Impairment of Assets	The impairment of assets consists of the following: SA Rand Figures in million 2024 2023 2022 Tshepong North — — 2 296 Tshepong South — — 1 326 Moab Khotsong — — 522 Kusasalethu — — 145 Bambanani — — 144 Target North 2 793 — — Total impairment of assets 2 793 — 4 433 The Tshepong Operations were disaggregated into two separate CGUs being the Tshepong North CGU and the Tshepong South CGU, for impairment testing at 30 June 2022. The operations were right-sized to ensure smaller albeit more profitable mines. The recoverable amount of the CGU where the impairment was recognised as at 30 June 2024 is as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Target North Target North is a greenfields exploration project. The impairment was as a result of information received during August 2024 by management relating to the preliminary results of the exploration drilling programme conducted. These preliminary results indicated a decrease in the mineral resource estimation. The mineral resource estimate used to determine the recoverable amount of Target North changed from the previous estimate of 56.4 million resource ounces, consisting of 22 million indicated resources and 34.4 million inferred resources, to the current mineral resource estimate of 13.8 million ounces of inferred resources. The gold resource multiple price in US dollar terms was unchanged from previous assessments. Any reasonable possible changes to the unobservable inputs of the mineral resource estimate for Target North would have resulted in immaterial changes. — 888 888 5 Cost of sales continued (f) Impairment of assets continued The recoverable amounts of the CGUs where impairments were recognised as at 30 June 2022 are as follows: SA Rand Recoverable amount Figures in million Life-of-mine plan Resource Total Tshepong South For Tshepong South, the individual life-of-mine plan included additional capital to address flexibility constraints at the operation. Costs also increased significantly as a result of inflationary pressures. These changes along with a higher post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations), negatively affected the discounted cash flows used to determine the recoverable amount of the operation. 1 645 — 1 645 Tshepong North The impairment of Tshepong North was as a result of increased cost of both production and capital expenditure and an increased post-tax discount rate of 11.67% (2021: 10.11% for Tshepong Operations). The recoverable amount was also affected by the reclassification of production for the sub-75 level from reserves in the life-of-mine plan to the resource base, which is subject to a higher discount rate of 13.75% (2021: 12.02%). 1 088 850 1 938 Moab Khotsong The updated life-of-mine plan included an increase in working and capital costs as a result of inflationary pressures. The updated life-of-mine plan also includes additional capital expenditure which relates to the Zaaiplaats project after finalisation of its detailed design plan during the 2022 financial year. This impacted the discounted cash flows used to determine the recoverable amount of the operation. The recoverable amount was further impacted by an increased post-tax discount rate of 10.44% (2021: 9.35%). 3 748 — 3 748 Kusasalethu A decrease in tonnes combined with a decrease in grade over the remainder of the life-of-mine of the operation led to a decrease in gold production. The reduction is due to an updated plan to mitigate safety risks that exist at the operation. 806 — 806 Bambanani The life-of mine plan of the operation was revised in the period ended 31 December 2021, bringing the closure of the operation forward from June 2024 to June 2022. This was as a result of the increased seismicity and related risk increasing as pillars were mined out. At 31 December 2021, the post-tax recoverable amount was derived from expected cash flows as per the life-of-mine plans and amounted to R36 million. The recoverable amount is now Rnil, as the operation was closed down during June 2022. The assumptions used in the December impairment assessment included a gold price of US$1 782/oz, an exchange rate of R15.36/US$1, a final gold price of R880 000/kg and a post-tax real discount rate of 12.59%. This resulted in a post-tax recoverable amount of R36 million at 31 December 2021. — — —

Corporate, Administration and_2

Corporate, Administration and Other Expenditure (Tables)	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Corporate, administration and other expenditure [Table Text Block]	SA Rand Figures in million 2024 2023 2022 Professional and legal fees 92 87 61 Compliance and assurance costs 75 63 62 Corporate business development 38 20 39 Corporate office expenditure 1 1 007 847 797 Other corporate and administration expenses 82 27 25 Total corporate, administration and other expenditure 1 294 1 044 984 1 The increase year on year is mainly due to annual inflationary increases and higher annual incentives.

Foreign Exchange Translation _2

Foreign Exchange Translation Gain/(Loss) (Tables)	12 Months Ended
	Jun. 30, 2024
Foreign Exchange Translation Gain/(Loss) [Abstract]
Foreign Exchange Translation Gain/Loss	(a) The gain in 2024 was predominantly caused by favourable translations on US dollar loan balances. The favourable translations on US dollar loans are attributable to the Rand strengthening against the US dollar, evidenced by a closing exchange rate of R18.19/US$1 (2023: R18.83/US$1) (2022:R16.27 /US$1). The losses in 2023 and 2022 were predominantly caused by unfavourable translations on US dollar loan balances. The unfavourable translations on US dollar loans are attributable to the Rand weakening against the US dollar. Also contributing to the loss for 2023 was the draw down of US$170 million (R2 919 million) during the year for the acquisition of the Eva Copper Project and other assets. Refer to note 30 and 13 respectively for details. (b) This relates mainly to the translation of metal trade receivables and cash denominated in a foreign currency to the functional currencies of the operating entities.

Other Operating Expenses (Table

Other Operating Expenses (Tables)	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Schedule of Other Operating Expenses	(a) These losses arise from the derecognition of property, plant and equipment that is no longer in use. No future economic benefits are expected from the use or disposal of these assets. Refer to note 14 for further detail on the accounting policy as well as the amounts per asset category. (b) Refer to note 25 for details on the movement in the silicosis settlement provision. (c) Refer to note 27 for details on the remeasurement of the contingent consideration. (d) The amount relates to fees received from a third party for the treatment of ore at the Doornkop plant. As of 2023, the income has been disclosed as revenue. (e) The 2024 year mainly comprises of pumping costs of R32 million and profit on the sale of property, plant and equipment of R13 million. There were no such transactions in the 2023 year. The 2022 year mainly comprises of insurance claim proceeds of R83 million and profit on the sale of property, plant and equipment of R24 million.

Investment Income (Tables)

Investment Income (Tables)	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Disclosure of Investment income	SA Rand Figures in million 2024 2023 2022 Interest income from financial assets at amortised cost (a) 690 425 276 Dividend income 15 19 24 Net gain on financial instruments (b) 104 219 52 Total investment income 809 663 352 (a) Interest income increased during 2024 mainly due to highly favourable balances of restricted cash and investments as well as cash on hand and call, as well as higher interest rates on these balances. (b) The net gain primarily relates to the environmental trust funds (refer to note 15) and the ARM BBEE Trust loan (refer to note 16). In 2024, fair value gains on the equity-linked deposits that form part of restricted investments decreased by R89 million mainly due to the performance of the JSE Top 40 index to which they are linked.

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Disclosure of Finance Costs	SA Rand Figures in million 2024 2023 2022 Financial liabilities Borrowings (a) 426 467 238 Other creditors and liabilities 35 29 22 Total finance costs from financial liabilities 461 496 260 Non-financial liabilities Time value of money for other provisions 68 97 79 Streaming arrangements 18 41 67 Time value of money and inflation component of rehabilitation costs 486 483 377 Total finance costs from non-financial liabilities 572 621 523 Total finance costs before interest capitalised 1 033 1 117 783 Interest capitalised (b) (237) (123) (65) Total finance costs 796 994 718 (a) The decrease in finance costs on borrowings in 2024 is as a result of repayments of borrowings during the 2024 financial year, which resulted in lower balances. The increase in 2023 was due to the US$ drawdowns made and higher interest rates. Refer to note 30 for further detail. (b) The capitalisation rate used to determine capitalised borrowing costs is: Percent (%) 2024 2023 2022 Capitalisation rate 8.2 9.2 6.8

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Disclosure of Taxation (Expense)/Credit	SA Rand Figures in million 2024 2023 2022 SA taxation Mining tax (a) (2 309) (631) (182) – current year (2 313) (633) (194) – prior year 4 2 12 Non-mining tax (b) (107) (12) (125) – current year (107) (6) (121) – prior year — (6) (4) Deferred tax (c) (666) (1 080) 353 – current year (666) (1 080) 353 Total taxation (expense)/credit (3 082) (1 723) 46 (a) Mining tax on gold mining taxable income in South Africa is determined according to a formula, based on the taxable income from mining operations. 5% of total revenue is exempt from taxation, while the remainder is taxable at a higher rate (up to a maximum of 33%) than non-mining income (27%) as a result of applying the gold mining formula. Mining and non-mining income of Australian and PNG entities are taxed at a standard rate of 30%. All qualifying mining capital expenditure is deducted from taxable mining income to the extent that it does not result in an assessed loss. Accounting depreciation is eliminated when calculating the South African mining taxable income. Excess capital expenditure is carried forward as unredeemed capital to be claimed from future mining taxable income. The group has several tax paying entities in South Africa. In terms of the mining ring-fencing application, each ring-fenced mine is treated separately and deductions can normally only be utilised against mining income generated from the relevant ring-fenced mine. The increased mining tax expense is mainly attributable to the increased gold price realised resulting in a significant increase in the profitability of the group's operations. The following legal entities contributed significantly to the mining tax expense: SA Rand Figures in million 2024 2023 2022 Harmony Gold Mining Company Limited (Harmony Company) 144 — — Golden Core Trade and Invest (Proprietary) Limited (Mponeng) 1 129 272 — Freegold (Harmony) (Proprietary) Limited (Freegold) 235 — — Harmony Moab Khotsong Operations (Proprietary) Limited (Moab) 539 263 130 Due to the changes announced in the 2022 budget speech, the mining tax rate changed from 34% in 2022 to 33% in 2023. Further, the annual limitation of assessed loss utilisation to 80% of taxable income came into effect. The mining tax rate remained unchanged for the 2024 year. (b) Non-mining taxable income of mining companies and the taxable income for non-mining companies are taxed at the statutory corporate rate of 27% for the 2024 financial year. The expense for the 2024 financial year relates mainly to non-mining tax on interest income received in Harmony Company. The expense for the 2022 financial year relates to non-mining tax arising from derivative gains (realised and unrealised) recognised on the foreign currency derivatives as well as the realised gains on the commodity forward sale contracts. The decreased non-mining taxes for the 2023 financial year can be attributed to the significantly lower derivative gains from both commodity and foreign currency contracts. Refer to note 17 for details on the group's derivative gains and losses recorded. Due to the changes announced in the 2022 budget speech, the corporate tax rate applied to non-mining taxable income has been amended to 27% (2022: 28%) in 2023 year. Further, the annual limitation of assessed loss utilisation to 80% of taxable income came into effect. The non-mining tax rate remained unchanged for the 2024 year. 11 Taxation continued (c) The deferred tax rate used to calculate deferred tax is based on the current estimate of future profitability when temporary differences will reverse based on tax rates and tax laws that have been enacted at the balance sheet date. Depending on the profitability of the operations, the deferred tax rate can consequently be significantly different from year to year. Following the completion of the annual life-of-mine plans, management revised the weighted average deferred tax rates for all the South African operations. The higher gold price assumptions used resulted in an increase in the estimated profitability and consequently higher rates than in the prior year for most subsidiaries. Refer to note 14 for assumptions used. Changes to the deferred income tax rates were significant for the following entities: Percent (%) 2024 2023 2022 Harmony Company 26.4 26.4 25.1 Freegold 12.6 11.4 7.0 Moab 19.0 16.7 14.7 Mponeng 8.1 17.7 12.8 Randfontein Estates Limited (Randfontein) 12.3 10.5 8.7 Kalahari Goldridge Mining Company Limited (Kalgold) 21.5 17.1 18.7 Chemwes Proprietary Limited (Chemwes) 18.1 11.0 12.5 These changes, together with changes in the temporary differences, had the following impacts: • Increase of temporary differences related to the carrying value of property, plant and equipment resulted in an increase of R510 million in the deferred tax expense (2023: R377 million) (2022: R101 million decrease) • Unwinding of temporary differences related to the utilisation of unredeemed capital expenditure and assessed loss balances resulted in an increase of R74 million in the deferred tax expense (2023: R169 million increase) (2022: R86 million) and R120 million (2023: R9 million increase) (2022: R8 million decrease) in the deferred tax expense, respectively • The change in deferred tax rates of Mponeng from 17.7% to 8.1%, applied to balances excluding hedge accounted derivatives, resulted in a decrease in the deferred tax expense and liability to the amount of R379 million (2023: R144 million increase) (2022: R37 million increase) • The change in deferred tax rates of the remaining legal entities in the group, applied to balances excluding hedge accounted derivatives, resulted in an increase in the deferred tax expense and liability to the amount of R239 million (2023: R444 million increase) (2022: R423 million decrease).
Disclosure Of Major Components Of Mining Tax Expense (Income)	The following legal entities contributed significantly to the mining tax expense: SA Rand Figures in million 2024 2023 2022 Harmony Gold Mining Company Limited (Harmony Company) 144 — — Golden Core Trade and Invest (Proprietary) Limited (Mponeng) 1 129 272 — Freegold (Harmony) (Proprietary) Limited (Freegold) 235 — — Harmony Moab Khotsong Operations (Proprietary) Limited (Moab) 539 263 130
Disclosure of deferred tax rates	Changes to the deferred income tax rates were significant for the following entities: Percent (%) 2024 2023 2022 Harmony Company 26.4 26.4 25.1 Freegold 12.6 11.4 7.0 Moab 19.0 16.7 14.7 Mponeng 8.1 17.7 12.8 Randfontein Estates Limited (Randfontein) 12.3 10.5 8.7 Kalahari Goldridge Mining Company Limited (Kalgold) 21.5 17.1 18.7 Chemwes Proprietary Limited (Chemwes) 18.1 11.0 12.5
Disclosure of Major Items Causing the Income Tax Provision to Differ from the South African Mining Statutory Tax Rate	Major items causing the group's income tax provision to differ from the South African mining statutory tax rate of 33% (2023: 33% and 2022: 34%) were: SA Rand Figures in million 2024 2023 2022 Tax (expense)/credit on net profit/loss at the mining statutory tax rate (3 884) (2 180) 360 Non-allowable deductions and non-taxable items (510) (314) (328) Equity-settled share-based payments (82) (32) (49) Impairment of goodwill — — (114) Exploration expenditure (242) (25) (79) Finance costs (138) (145) (52) Other (48) (112) (34) Movement in temporary differences related to property, plant and equipment (a) (1 596) (333) (1 447) Movements in other temporary differences 699 80 (174) Difference between effective mining tax rate and statutory mining rate on mining income 650 303 125 Difference between non-mining tax rate and statutory mining rate on non-mining income 23 1 26 Effect on temporary differences due to changes in effective tax rates 87 (588) 386 Prior-year adjustment — — 10 Capital allowances (b) 1 183 1 059 973 Deferred tax asset not recognised (c) 266 249 115 Income and mining taxation (expense)/credit (3 082) (1 723) 46 Effective income and mining tax rate (%) 26 26 4 (a) The change in 2024 mainly relates to an increase in the unredeemed capital expenditure balance of Avgold Limited (Avgold) as well as the impairment of Target North. This was offset by an increase in the net carrying value of property, plant and equipment of Chemwes. The change in 2023 was mainly as a result of an increase in the unredeemed capital expenditure balance of Avgold. This partially offset by an increase in the net carrying value of property, plant and equipment of Moab and Chemwes . (b) This relates to the additional capital allowance that may be deducted from taxable income from mining operations in South Africa. A significant portion relates to Avgold which has a 0% effective tax rate. (c) This relates to tax losses and deductible temporary differences for which future taxable profits are uncertain and are not considered probable.
Analysis of Deferred Tax Assets and Liabilities and Potential Future Tax Deductions	The analysis of deferred tax assets and liabilities is as follows: SA Rand Figures in million 2024 2023 Deferred tax assets (1 080) (1 261) Deferred tax asset to be recovered after more than 12 months (844) (983) Deferred tax asset to be recovered within 12 months (236) (278) Deferred tax liabilities 3 891 3 366 Deferred tax liability to be recovered after more than 12 months 3 488 2 971 Deferred tax liability to be recovered within 12 months 403 395 Net deferred tax liability 2 811 2 105 11 Taxation continued Deferred tax continued Deferred tax liabilities and assets on the balance sheet as of 30 June 2024 and 30 June 2023 relate to the following: SA Rand Figures in million 2024 2023 Gross deferred tax liabilities 3 891 3 366 Amortisation and depreciation 1 3 778 3 266 Derivative financial instruments 61 48 Other 52 52 Gross deferred tax assets (1 080) (1 261) Unredeemed capital expenditure 2 (2 623) (3 761) Provisions, including non-current provisions (1 227) (1 220) Derivative financial instruments (350) (272) Contingent consideration liability (154) (63) Streaming contract liability (15) (43) Other (3) (2) Tax losses 3 (1 922) (1 925) Deferred tax asset not recognised 4 5 214 6 025 Net deferred tax liability 2 811 2 105 1 The increase in amortisation and depreciation year on year is as a result of the increase in the carrying amount of property, plant and equipment, mainly relating to asset additions, refer to note 14. 2 Unredeemed capital expenditure mainly consists of Hidden Valley R2 374 million (2023: R3 512 million). 3 The majority of the amount relates to Australia tax losses of R1 888 million (2023: R1 816 million). 4 The deferred tax asset not recognised relates to Harmony's PNG operations. Movement in the net deferred tax liability recognised in the balance sheet is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 2 105 1 383 Expense per income statement 666 1 080 Tax expense/(credit) directly charged to other comprehensive income 1 40 (358) Balance at end of year 2 811 2 105 Deferred tax assets per balance sheet (140) (189) Deferred tax liabilities per balance sheet 2 951 2 294 1 Relates predominantly to hedge-accounted derivative financial instruments. Refer to note 17 and 23. A deferred tax asset continues to be recognised for Harmony at 30 June 2024. At 30 June 2024, it is considered probable that sufficient future taxable profits will be available against which the remaining deductible temporary differences existing at the reporting date can be utilised. 11 Taxation continued Deferred tax continued SA Rand Figures in million 2024 2023 As at 30 June, the group had the following potential future tax deductions: Unredeemed capital expenditure available for utilisation against future mining taxable income (a) 51 988 49 478 Tax losses carried forward utilisable against mining taxable income (b) 9 296 9 620 Capital gains tax (CGT) losses available to be utilised against future CGT gains (d) 570 570 As at 30 June, the group has not recognised the following deferred tax asset amounts relating to the above: 19 140 18 004 The unrecognised temporary differences are: Unredeemed capital expenditure (c) 51 018 47 968 Tax losses (b) 9 231 8 848 CGT losses (d) 570 570 (a) Includes Avgold R34 368 million (2023: R30 538 million), Randfontein R12 million (2023: R327 million), Mponeng R135 million (2023: R145 million), Chemwes R635 million (2023: R748 million) and Hidden Valley R16 650 million (2023: R17 430 million). These have an unlimited carry-forward period. (b) Relates mainly to Hidden Valley R6 293 million (2023: R6 053 million) and Avgold R2 851 million (2023: R2 772 million). Randfontein had no tax loss balances at the end of the 2024 financial year (2023: R543 million). These have an unlimited carry-forward period. (c) Relates to Avgold and Hidden Valley. (d) The CGT losses relate to the gross CGT losses available to be utilised against future CGT gains. These have an unlimited carry-forward period.

Earnings_(Loss) Per Share (Tabl

Earnings/(Loss) Per Share (Tables)	12 Months Ended
	Jun. 30, 2024
Earnings per share [abstract]
Basic earnings/(loss) per share	2024 2023 2022 Ordinary shares in issue (000) 632 634 618 072 616 526 Adjustment for weighted number of ordinary shares in issue (000) (a) (7 930) (428) (121) Weighted number of ordinary shares in issue (000) 624 704 617 644 616 405 Adjustment for weighted number of treasury shares (000) (b) (5 267) (47) (3 950) Basic weighted average number of ordinary shares in issue (000) 619 437 617 597 612 455 SA Rand 2024 2023 2022 Total net profit/(loss) attributable to shareholders (million) 8 587 4 820 (1 052) Total basic earnings/(loss) per share (cents) 1 386 780 (172) (a) These are the weighted number of ordinary shares for the years presented. The increase is mainly due to 12 651 525 shares issued on 4 April 2024 as part of the new Harmony ESOP scheme. Refer to note 22 for the actual number of treasury shares that are in issue. (b) These are the weighted number of treasury shares for the years presented. Refer to note 22 for the actual number of treasury shares that are in issue. During 2022, the lock-in period expired for the Harmony ESOP Trust (Sisonke Scheme). Settlements and share distributions were made and the shares were no longer classified as treasury shares. For the 2022 year, the impact of the shares on the basic weighted average number of shares was 3 902 418.
Diluted earnings/(loss) per share	2024 2023 2022 Weighted average number of ordinary shares in issue (000) 619 437 617 597 612 455 Potential ordinary shares (000) (a) (b) 10 256 2 877 2 159 Weighted average number of ordinary shares for diluted earnings per share (000) (a) 629 693 620 474 614 614 SA Rand 2024 2023 2022 Total diluted earnings/(loss) per share (cents) 1 364 777 (172) (a) The increase in the weighted average number of diluted shares is as a result of the significant increase in the Harmony share price during the year. This impacted the base as well as the percentage applied to it to determine the bonus element. As a result, there are a larger number of dilutive shares across all active shares schemes, with the exception of the new ESOP scheme, which is anti-dilutive. This, combined with the 2023 deferred share plan implemented in September 2023, resulted in an increase in the diluted shares. The inclusion of the share options as potential ordinary shares had a dilutive effect on earnings per share in 2024 and 2023, whereas it had the opposite effect in 2022 due to the net loss attributable to shareholders. (b) The issue price and the exercise of share options issued to the employees include the fair value of any services to be supplied to the entity in the future under the share option or other share-based payment arrangements.
Disclosure of Dividends Declared	SA Rand 2024 2023 2022 Dividends declared (millions) 1 394 136 414 Dividend per share (cents) 222 22 67

Acquisitions and Business Com_2

Acquisitions and Business Combinations (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about business combination [abstract]
Disclosure of Fair Value of Assets Acquired and Liabilities Assumed	The final fair values for the identifiable assets acquired and liabilities assumed as at the acquisition date are as follows: 2023 Figures in million Provisional fair Measurement Final fair value Non-current assets Property, plant and equipment 3 785 (631) 3 154 Current assets Restricted cash and investments 4 — 4 Trade and other receivables 12 (5) 7 Non-current liabilities Deferred tax liabilities (636) 636 — Fair value of net identifiable assets acquired at 16 December 2022 3 165 — 3 165 Since the final fair value of net identifiable assets acquired is within a reasonable range of the fair value of the consideration transferred, no gain on bargain purchase or goodwill is recognised for the transaction.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Property, plant and equipment [abstract]
Disclosure of Property, Plant and Equipment	SA Rand Figures in million 2024 2023 Mining assets 28 884 28 618 Mining assets under construction 7 502 5 051 Undeveloped properties 4 475 7 385 Other non-mining assets 487 453 Total property, plant and equipment 41 348 41 507 The movement in the mining assets is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 76 774 70 587 Fully depreciated assets no longer in use derecognised (a) (586) (1 419) Additions (b) 5 426 5 930 Scrapping of assets (c) (622) (772) Adjustment to rehabilitation asset (d) (531) (111) Transfers and other movements (e) 749 596 Translation (2 111) 1 963 Balance at end of year 79 099 76 774 Accumulated depreciation and impairments Balance at beginning of year 48 156 45 267 Fully depreciated assets no longer in use derecognised (a) (586) (1 419) Scrapping of assets (c) (525) (590) Depreciation 4 546 3 368 Translation (1 376) 1 530 Balance at end of year 50 215 48 156 Net carrying value 28 884 28 618 (a) Primarily relates to fully depreciated assets derecognised at the Hidden Valley, Tshepong North, Moab Khotsong and Doornkop operations. (b) Included in additions for 2024 is an amount of R84 million (2023: R188 million) for capitalised depreciation associated with stripping activities at the Hidden Valley operations. (c) Refer to note 8 for the total loss on scrapping recognised. Primarily relates to the Tshepong North and Kusasalethu operations. (d) Refer to note 24 for details on the adjustment to the rehabilitation asset. (e) Transfer of assets mainly relates to assets under construction transferred to mining assets. During the 2024 year an amount of R761 million (2023: R539 million) was transferred to mining assets at Hidden Valley. This related to ongoing mining development costs. The movement in the mining assets under construction is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 5 721 3 802 Additions (a) 3 247 2 053 Finance costs capitalised (b) 237 123 Transfers and other movements (770) (539) Translation (263) 282 Balance at end of year 8 172 5 721 Accumulated impairments Balance at beginning of year 670 670 Balance at end of year 670 670 Net carrying value 7 502 5 051 (a) The additions for 2024 mainly relates to Hidden Valley of R865 million (2023: R582 million), Zaaiplaats project of R794 million (2023: R537 million), Doornkop 207/212 Level project of R251 million (2023: R304 million) and the Kareerand TSF Expansion project of R960 million (2023: R462 million). The movement in the undeveloped properties is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 8 861 5 478 Acquisitions 1 — 3 154 Transfers and other movements 9 — Translation (127) 229 Balance at end of year 8 743 8 861 Accumulated depreciation and impairments Balance at beginning of year 1 476 1 474 Impairment 2 2 793 — Translation (1) 2 Balance at end of year 4 268 1 476 Net carrying value 4 475 7 385 1 Refer to note 13 for details on the fair value of assets acquired following the Eva Copper acquisition. 2 Relates to Target North. Refer to note 6 for details. The movement in the non-mining assets is as follows: SA Rand Figures in million 2024 2023 Cost Balance at beginning of year 1 000 895 Fully depreciated assets no longer in use derecognised — (7) Additions 117 108 Translation (1) 4 Balance at end of year 1 116 1 000 Accumulated depreciation and impairments Balance at beginning of year 547 479 Fully depreciated assets no longer in use derecognised — (7) Depreciation 82 74 Translation — 1 Balance at end of year 629 547 Net carrying value 487 453
Disclosure of Gold Price, Silver Price, Exchange Rates and Gold Resource Value Assumptions	During the years under review, the group calculated the recoverable amounts (generally fair value less costs to sell) of CGUs for which indicators of impairment were identified (refer to note 5). These recoverable amounts are based on updated life-of-mine plans and the following relevant assumptions: 2024 2023 2022 US$ gold price per ounce – Year 1 2 258 1 932 1 861 – Year 2 2 173 1 844 1 744 – Year 3 2 049 1 725 1 664 – Long term (Year 4 onwards) 1 772 1 582 1 546 US$ silver price per ounce – Year 1 n/a n/a 23.85 – Year 2 n/a n/a 22.42 – Year 3 n/a n/a 21.46 – Long term (Year 4 onwards) n/a n/a 19.38 US$ copper price per pound n/a n/a 3.30 Exchange rate (R/US$) – Year 1 18.39 18.28 15.55 – Year 2 17.96 17.44 15.34 – Year 3 18.36 17.13 15.26 – Long term (Year 4 onwards) 18.26 16.22 15.35 Exchange rate (PGK/US$) n/a n/a 3.50 Rand gold price (R/kg) – Year 1 1 335 000 1 135 000 931 000 – Year 2 1 255 000 1 034 000 860 000 – Year 3 1 209 000 950 000 816 000 – Long term (Year 4 onwards) 1 040 000 825 000 763 000 The following are the attributable gold resource value assumptions: South Africa Hidden Valley US dollar per ounce 2024 2023 2022 2024 2023 2022 Underground resources Measured 16.50 n/a 16.50 n/a n/a n/a Indicated 9.00 n/a 9.00 n/a n/a n/a Inferred 3.60 n/a 3.60 n/a n/a n/a Surface resources Measured n/a n/a 30.00 n/a n/a n/a Indicated n/a n/a 17.50 n/a n/a 9.00 Inferred n/a n/a 8.00 n/a n/a n/a
Disclosure of Sensitivity Analysis - Impairment of Assets	SA Rand Figures in million 2024 2023 11.9% decrease (2023: 11.8% decrease) Doornkop 2 623 n/a Target 1 450 1 719 Target North 2 898 n/a Kusasalethu n/a — Kalgold n/a 475 11.9% increase (2023: 11.8% increase) Target North 2 688 n/a

Restricted Cash and Investmen_2

Restricted Cash and Investments (Tables)	12 Months Ended
	Jun. 30, 2024
Total Restricted cash and investments [Abstract]
Restricted Cash and Investment	SA Rand Figures in million 2024 2023 Restricted cash 489 475 Restricted investments 6 044 5 687 Total restricted cash and investments 6 533 6 162 Current portion of restricted cash and investments 39 41 Non-current portion of restricted cash and investments 6 494 6 121
Schedule of Restricted Cash	SA Rand Figures in million 2024 2023 Non-current 450 434 Current 39 41 Total restricted cash 489 475 The restricted cash consist of funds set aside for: SA Rand Figures in million 2024 2023 Environmental guarantees and rehabilitation (a) 217 183 Guarantee - Tshiamiso Trust (b) 205 225 PNG communities (c) 45 45 Other 22 22 Total restricted cash 489 475 (a) The amount primarily relates to funds set aside to serve as collateral against guarantees made to the Department of Mineral Resources and Energy (DMRE) in South Africa for environmental and rehabilitation obligations. Refer to note 24. The funds are invested in short-term money market funds and call accounts, which require third-party approval for release. (b) Refer to note 25 for details on the silicosis settlement and the arrangement with the trust. The decrease is as a result of the benefit and admin contributions made, reducing the total that the guarantee is calculated on. (c) Relates to monies set aside for affected communities in the group’s PNG operations.
Schedule of Restricted Investments	Restricted investments SA Rand Figures in million 2024 2023 Investments held by environmental trust funds 6 030 5 673 Investments held by the Social Trust Fund 14 14 Total restricted investments (non-current) 6 044 5 687 Environmental trust funds Accounting policy Contributions are made to the group's environmental trust funds, created in accordance with statutory requirements, to fund the estimated cost of pollution control, rehabilitation and mine closure at the end of the life of the group's mines. The trusts are consolidated into the group as the group exercises control of the trusts. The measurement of the investments held by the trust funds is dependent on their classification under financial assets. Income received and gains are treated in accordance with these classifications. The equity-linked notes and investment in unit trusts are classified and measured at fair value through profit or loss, while the equity investments are classified and measured at fair value through other comprehensive income. Interest-bearing short-term investments as well as investments in government bonds are classified and measured as debt instruments at amortised cost. The environmental trust funds are irrevocable trusts under the group's control. Contributions to the trusts are invested in various instruments which include the following: listed equity securities, unit trusts, government bonds, interest-bearing short-term and medium-term cash investments and medium-term equity-linked notes. The equity-linked notes are issued by commercial banks that provide guaranteed interest and additional interest or growth linked to the growth of the Top 40 index of the JSE. These investments provide for the estimated cost of rehabilitation at the end of the life of the group's mines. Income earned on the investments is retained in the funds and reinvested. The environmental trust funds consist of: SA Rand Figures in million 2024 2023 Fixed deposits 3 665 3 385 Cash equivalents 74 58 Equity-linked deposits 1 494 1 493 Government bonds 401 234 Equity investments 335 305 Collective investment scheme (unit trusts) 61 198 Total environmental trust funds 6 030 5 673 Reconciliation of the movement in the investments held by environmental trust funds: SA Rand Figures in million 2024 2023 Balance at beginning of year 5 673 5 244 Interest income 329 258 Fair value gain through profit and loss 95 184 Fair value gain through other comprehensive income 18 30 Dividend received 15 13 Acquisition/(maturity) of Equity-linked deposits (96) 229 Acquisition/(maturity) of Fixed deposits (5) 154 Acquisition/(maturity) of Collective investment schemes (unit trusts) (138) 141 Acquisition/(maturity) of Government bonds 145 — Net transfer of cash equivalents 93 (524) Withdrawal of funds for rehabilitation work performed (99) (56) Balance at end of year 6 030 5 673 15 Restricted cash and investments Restricted investments continued The Social Trust Fund The Social Trust Fund is an irrevocable trust under the group's control. The purpose of the trust is to fund the social plan to reduce the negative effects of restructuring on the group's workforce, to put measures in place to ensure that the technical and life skills of the group's workforce are developed and to develop the group's workforce in such a manner as to avoid or minimise the effect of job losses and a decline in employment through turnaround or redeployment strategies. The Social Trust Fund investment comprises a unit trust portfolio that is exposed to the fair value changes in the equity market and is classified as a fair value through profit or loss investment.
Restricted Investments, Environmental Trust Fund	The environmental trust funds consist of: SA Rand Figures in million 2024 2023 Fixed deposits 3 665 3 385 Cash equivalents 74 58 Equity-linked deposits 1 494 1 493 Government bonds 401 234 Equity investments 335 305 Collective investment scheme (unit trusts) 61 198 Total environmental trust funds 6 030 5 673
Reconciliation of Movement in Investments Held by Environmental Trust Funds	Reconciliation of the movement in the investments held by environmental trust funds: SA Rand Figures in million 2024 2023 Balance at beginning of year 5 673 5 244 Interest income 329 258 Fair value gain through profit and loss 95 184 Fair value gain through other comprehensive income 18 30 Dividend received 15 13 Acquisition/(maturity) of Equity-linked deposits (96) 229 Acquisition/(maturity) of Fixed deposits (5) 154 Acquisition/(maturity) of Collective investment schemes (unit trusts) (138) 141 Acquisition/(maturity) of Government bonds 145 — Net transfer of cash equivalents 93 (524) Withdrawal of funds for rehabilitation work performed (99) (56) Balance at end of year 6 030 5 673

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Schedule of Other Non-Current Assets	SA Rand Figures in million 2024 2023 Debt instruments 76 116 Loans to associates (a) 116 116 Loan to ARM BBEE Trust (b) 68 101 Other loans 8 15 Loss allowance (a) (116) (116) Equity instruments 88 78 Rand Mutual Assurance (c) 78 69 Other investments 10 9 Inventories 180 138 Non-current portion of final gold in lock-up (d) 180 138 Total other non-current assets 344 332 (a) A loan of R116 million (2023: R116 million) owed by Pamodzi Gold Limited (Pamodzi) which was placed into liquidation during 2009, was provided for in full. Harmony is a concurrent creditor in the Pamodzi Orkney liquidation. (b) During 2021, Harmony advanced R264 million to the ARM Broad-Based Economic Empowerment Trust (the ARM BBEE Trust), a shareholder of African Rainbow Minerals Limited (ARM), after the restructuring of the original loan advanced in 2016. The ARM BBEE Trust is controlled and consolidated by ARM, who holds 12.04% of Harmony's shares at 30 June 2024. Harmony is a trustee of the ARM BBEE Trust. The loan under the revised loan agreement is interest-free and is receivable on the maturity of the loan on 30 June 2035. The loan is unsubordinated and unsecured. The loan does not meet the requirements for amortised cost measurement as it fails the solely payments of principal and interest test and was therefore classified as fair value through profit and loss (refer to the fair value determination section in note 37 for detail). The group determined that the contractual terms include exposure to risk and volatility that is inconsistent with a basic lending arrangement. In making this assessment the group considered contingent events that would change the amount and timing of cash flows and potential limits on the group's claim to cash flows from specified assets (eg non-recourse asset arrangements). During the 2024 financial year, repayments of R42 million (2023: R74 million) were received on the loan. (c) Refer to note 37 for the fair value valuation technique used to measure. (d) Refer to note 21 for further details on inventories.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Disclosure of Derivative Financial Assets and Open Position at the Reporting Date	The group has the following derivative financial instruments: Hedging contracts Figures in million (SA Rand) Rand gold forwards (a) US$ gold forwards (b) Rand gold collars (a) US$ gold collars (b) US$ silver contracts Foreign exchange contracts At 30 June 2024 Derivative financial assets 282 30 155 18 3 523 1 011 Non-current 172 27 135 18 3 98 453 Current 110 3 20 — — 425 558 Derivative financial liabilities (1 799) (236) (9) (4) (63) — (2 111) Non-current (510) (77) — (1) (21) — (609) Current (1 289) (159) (9) (3) (42) — (1 502) Net derivative financial instruments (1 517) (206) 146 14 (60) 523 (1 100) Unrealised gains/(losses) included in other reserves, net of tax (1 192) (197) 123 14 — — (1 252) Movements for the year ended 30 June 2024 Realised losses included in revenue (1 215) (50) — — — — (1 265) Unrealised gains/(losses) on gold contracts recognised in other comprehensive income (1 580) (310) 141 15 — — (1 734) Gains/(losses) on derivatives — — — — (98) 670 572 Day one gain/(loss) amortisation (114) (11) 5 1 — — (119) Total gains/(losses) on derivatives (114) (11) 5 1 (98) 670 453 Hedge effectiveness Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness (1 580) (310) 141 15 — — (1 734) Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness 1 580 310 (141) (15) — — 1 734 (a) Rand gold contracts Harmony maintains a derivative programme for some of the South African companies by entering into commodity derivative contracts. The contracts comprise forward sale contracts and zero cost collars. Hedge accounting is applied to these contracts. (b) US$ commodity contracts Harmony maintains a derivative programme for Hidden Valley by entering into commodity derivative contracts. The contracts comprise US$ gold forward sale contracts as well as US$ gold zero cost collars and silver zero cost collars which establish a minimum (floor) and maximum (cap) commodity sales price. Hedge accounting is applied to all US$ gold forward sale contracts and US$ gold zero cost collars, shown separately from the silver zero cost collars that are not hedge accounted. (c) Foreign exchange contracts Harmony maintains a foreign exchange derivative programme in the form of zero cost collars, which sets a floor and cap Rand/US$ exchange rate at which to convert US dollars to Rands, and foreign exchange forward contracts (FECs). Hedge accounting is not applied to these contracts. 17 Derivative financial instruments continued Hedging contracts Figures in million (SA Rand) Rand gold forwards (a) US$ gold forwards (b) US$ silver Foreign exchange contracts Total At 30 June 2023 Derivative financial assets 179 67 44 89 379 Non-current 135 33 16 85 269 Current 44 34 28 4 110 Derivative financial liabilities (1 291) (19) — (221) (1 531) Non-current (401) — — (69) (470) Current (890) (19) — (152) (1 061) Net derivative financial instruments (1 112) 48 44 (132) (1 152) Unrealised gains/(losses) included in other reserves, net of tax (808) 55 — — (753) Movements for the year ended 30 June 2023 Realised gains/(losses) included in revenue (209) 25 — — (184) Unrealised losses on gold contracts recognised in other comprehensive income (1 748) (34) — — (1 782) Gains/(losses) on derivatives — — 21 (145) (124) Day one loss amortisation (66) (4) — — (70) Total gains/(losses) on derivatives (66) (4) 21 (145) (194) Hedge effectiveness Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness (1 748) (34) — — (1 782) Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness 1 748 34 — — 1 782 Movements for the year ended 30 June 2022 Realised gains/(losses) included in revenue 602 (105) — — 497 Unrealised gains/(losses) on gold contracts recognised in other comprehensive income (292) 50 — — (242) Gains/(losses) on derivatives — — 114 (16) 98 Day one loss amortisation (39) (6) — — (45) Total gains/(losses) on derivatives (39) (6) 114 (16) 53 Hedge accounting During April 2024, Harmony added gold zero cost collar (gold collar) hedging contracts to the gold forward sale derivative contracts to hedge the risk of lower gold prices. Cash flow hedge accounting is applied to the majority of these contracts, resulting in the effective portion of the unrealised gains and losses being recorded in other comprehensive income (other reserves – refer to note 23). Refer to note 37 for a summary of the risk management strategy applied and the balances relating to designated hedging instruments as at reporting date. Hedge effectiveness is determined at the inception of the hedge relationship and through periodic prospective effectiveness assessments. The group enters into gold forward and gold zero cost collar contracts that have similar terms as the hedged item, such as notional amount, maturity date and reference gold spot price thereby ensuring that an economic relationship exists between the hedging instrument and the hedged item and resulting in a hedge ratio of 1:1. Potential sources of hedge ineffectiveness include counterparty and own credit risk, day one gains and losses, a mismatch in the timing of the derivative and underlying gold sale maturities, location differential and the refining margin. Hedge ineffectiveness is measured by comparing the change in the expected cash flows from a forward sale contract versus the sale of an equivalent quantity of gold in the open market. Ineffectiveness results when the changes in the fair values in the hedging instruments exceed the fair value changes in the hedged item. A negligible amount of hedge ineffectiveness was experienced in the years presented. 17 Derivative financial instruments continued Hedge accounting continued A new limit for gold hedging was approved by the Board in April 2024 as 30%, 20% and 10% of production in a 12-, 24- and 36-month period, respectively, for contracts going forward. Refer to note 37 for further details. The gains and losses from derivative contracts to which hedge accounting is not applied are included in gains/(losses) on derivatives in profit or loss. During the current financial year the hedging policy was expanded to a 36-month period from a 24-month period at 30 June 2023. Consequently, the disclosure of open positions is now presented on a bi-annual basis compared to a quarterly basis in the prior years. HY1 represents the the period July to December and HY2 represents the period January to June. The following table shows the open position at the reporting date: FY25 FY26 FY27 Total HY1 HY2 HY1 HY2 HY1 HY2 At 30 June 2024 Foreign exchange contracts Zero cost collars US$m 178 146 48 18 — — 390 Average floor – R/US$ 18.48 19.30 19.21 19.57 — — 18.93 Average cap – R/US$ 20.48 21.31 21.21 21.57 — — 20.93 Forward contracts US$m 75 67 36 9 — — 187 Average forward rate – R/US$ 19.53 20.05 20.12 20.40 — — 19.79 Commodity contracts Rand gold forward contracts 000 oz – cash flow hedge 192 188 152 82 14 10 638 Average R'000/kg 1 253 1 365 1 389 1 550 1 679 1 734 1 373 US$ gold forward contracts 000 oz – cash flow hedge 20 19 18 11 5 2 75 Average US$/oz 2 151 2 155 2 249 2 496 2 634 2 695 2 273 Rand gold zero cost collar contracts 000 oz – cash flow hedge 24 22 4 26 50 44 170 Average floor – R'000/kg 1 346 1 412 1 463 1 534 1 577 1 618 1 524 Average cap – R'000/kg 1 523 1 591 1 672 1 726 1 786 1 827 1 722 US$ gold zero cost collar contracts 000 oz – cash flow hedge 2 2 6 7 7 7 31 Average floor – US$/oz 2 260 2 302 2 391 2 448 2 499 2 536 2 447 Average cap – US$/oz 2 510 2 552 2 658 2 721 2 786 2 818 2 721 Total gold contracts 000 oz – cash flow hedge 238 231 180 126 76 63 914 US$ silver contracts 000 oz 600 600 600 430 — — 2 230 Average floor – US$/oz 25.13 26.70 28.14 29.59 — — 27.22 Average cap – US$/oz 27.95 29.55 31.20 32.83 — — 30.20 17 Derivative financial instruments continued The following table shows the open position at the reporting date: FY24 FY25 Total HY1 HY2 HY1 HY2 At 30 June 2023 Foreign exchange contracts Zero cost collars US$m 156 156 154 96 562 Average floor – R/US$ 17.56 17.93 18.48 19.53 18.25 Average cap – R/US$ 19.48 19.90 20.49 21.55 20.23 Forward contracts US$m 72 72 69 37 250 Average forward rate – R/US$ 18.94 18.94 19.53 20.30 18.96 Commodity contracts Rand gold forward contracts 000 oz – cash flow hedge 156 150 144 102 552 Average R'000/kg 1 087 1 146 1 207 1 341 1 181 US$ gold forward contracts 000 oz – cash flow hedge 18 18 15 4 55 Average US$/oz 1 901 2 079 2 136 2 175 2 043 Total gold contracts 000 oz – cash flow hedge 174 168 159 106 607 US$ silver contracts 000 oz 480 480 420 160 1540 Average floor – US$/oz 24.22 24.54 24.79 25.66 24.62 Average cap – US$/oz 27.00 27.36 27.79 28.66 27.50

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of Trade and Other Receivables	SA Rand Figures in million 2024 2023 Financial assets Trade receivables (metals) 1 239 1 179 Other trade receivables 401 460 Loss allowance (212) (211) Trade receivables – net 1 428 1 428 Interest and other receivables 150 121 Employee receivables 10 12 Non-financial assets Prepayments 355 189 Value added tax and general sales tax 625 570 Income and mining taxes 36 75 Total trade and other receivables 2 604 2 395
Disclosure of Movement in the Loss Allowance for Trade and Other Receivables	The movement in the loss allowance for trade and other receivables during the year was as follows (refer to note 37 for details): SA Rand Figures in million 2024 2023 Balance at beginning of year 211 204 Increase in loss allowance recognised during the year 49 155 Reversal of loss allowance during the year (48) (148) Balance at end of year 212 211 The movement relates to various individually immaterial debtors.
Disclosure of allowance for credit losses [text block]	The loss allowance for trade and other receivables stratified according to the ageing profile at the reporting date is as follows: SA Rand Figures in million Gross Loss 30 June 2024 Not past due 1 1 364 — Past due by 1 to 30 days 33 12 Past due by 31 to 60 days 21 9 Past due by 61 to 90 days 15 7 Past due by more than 90 days 54 50 Past due by more than 361 days 153 134 Total 1 640 212 30 June 2023 Not past due 1 1 331 — Past due by 1 to 30 days 64 29 Past due by 31 to 60 days 22 14 Past due by 61 to 90 days 42 9 Past due by more than 90 days 42 38 Past due by more than 361 days 138 121 Total 1 639 211 1 The gross amount includes the full trade receivables (metals) balance, which has no attributable loss allowance.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Disclosure of Inventories	SA Rand Figures in million 2024 2023 Final gold in lock-up 180 138 Work in process, ore stockpiles and finished inventories (a) 1 533 1 095 Consumables at weighted average cost (net of provision) 2 070 2 170 Total inventories 3 783 3 403 Non-current portion of final gold in lock-up included in Other non-current assets (180) (138) Total current portion of inventories 3 603 3 265 Included in the balance above is: Inventory valued at net realisable value 1 145 138 1 The inventory at net realisable value relates to non-current gold in lock-up. (a) The increase is mainly due to a 301kg increase in gold stock volume in South African operations, combined with a higher cost per kilogram attributable to the gold stock at Hidden Valley, together accounting for R411 million of the increase. During the year, the provision for slow-moving and redundant stock decreased by R12 million (2023: increase of R85 million). The total provision at 30 June 2024 was R480 million (2023: R492 million).

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Jun. 30, 2024
Share Capital, Reserves and Other Equity Interest [Abstract]
Disclosure of treasury shares [text block]	Included in the total of issued shares are the following treasury shares: Number of shares 2024 2023 Ordinary shares Lydenburg Exploration Limited 1 335 335 Kalgold Share Trust 2 47 046 47 046 Harmony ESOP Trust 2 12 651 525 — Convertible preference shares Harmony Gold Community Trust 3 6 866 103 4 400 000 1 A wholly-owned subsidiary. 2 Trust controlled by the group. 3

Other Reserves (Tables)

Other Reserves (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of reserves within equity [abstract]
Disclosure of Other Reserves	SA Rand Figures in million 2024 2023 Foreign exchange translation reserve (a) 3 277 4 220 Hedge reserve (b) (1 389) (753) Time value reserve (b) 137 — Share-based payments (c) 3 607 3 363 Post-retirement benefit actuarial gain/(loss) (d) (3) — Equity instruments designated at fair value through other comprehensive income (e) 203 178 Acquisition of non-controlling interest in subsidiary (f) (381) (381) Equity component of convertible bond (g) 277 277 Repurchase of equity interest (h) (98) (98) Other (28) (28) Total other reserves 5 602 6 778 (a) The foreign exchange translation reserve movement represents the cumulative translation effect of the group's off-shore operations. Refer to note 37 for details on the exchange rate movements year on year. (b) Harmony has entered into gold hedging contracts. Cash flow hedge accounting is applied to these contracts, resulting in the effective portion of the unrealised gains and losses being recorded in other comprehensive income (other reserves). Harmony introduced gold collar hedging contracts during April 2024. The changes in time value relating to these gold collars has been included in the time value reserve and presented separately from the changes in intrinsic value of all Harmony’s gold hedging contracts. Refer to note 17 for further information. The reconciliation of the hedge and time value reserves are as follows: SA Rand Figures in million Hedge reserve Time value reserve Total At 30 June 2024 Balance at beginning of year (753) — (753) Remeasurement of gold hedging contracts (636) 137 (499) Unrealised loss on gold hedging contracts (1 891) 157 (1 734) Released to revenue 1 265 — 1 265 Foreign exchange translation 10 (1) 9 Deferred taxation thereon (20) (19) (39) Balance at end of year (1 389) 137 (1 252) Attributable to: Rand gold hedging contracts (1 192) 123 (1 069) US dollar gold hedging contracts (197) 14 (183) At 30 June 2023 Balance at beginning of year 480 — 480 Remeasurement of gold hedging contracts (1 233) — (1 233) Unrealised gain on gold hedging contracts (1 782) — (1 782) Released to revenue 184 — 184 Foreign exchange translation 6 — 6 Deferred taxation thereon 359 — 359 Balance at end of year (753) — (753) Attributable to: Rand gold hedging contracts (808) — (808) US dollar gold hedging contracts 55 — 55 23 Other reserves continued (c) The reconciliation of the movement in the share-based payments is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 3 363 3 249 Share-based payments expensed (i) 244 114 Balance at end of year 3 607 3 363 (i) The group issues equity-settled instruments to certain qualifying employees under an employee share option scheme and employee share ownership plan (ESOP) to award shares from the company’s authorised but unissued ordinary shares. Equity share-based payments are measured at the fair value of the equity instruments at the grant date and are expensed over the vesting period, based on the group’s estimate of the shares that are expected to vest. The increase relates to the costing under the new equity-settled plan known as the Katleho ya Moruo Employee Share Ownership Plan (Katleho ya Moruo ESOP) from 4 April 2024. Refer to note 34 for further details. (d) The actuarial gains or losses related to the post-retirement benefit obligation will not be reclassified to the income statement Refer to note 25. (e) Includes R123 million (2023: R114 million) related to the cumulative fair value movement of Harmony's interest in Rand Mutual Assurance. Refer to note 16. The remainder relates to investments held by the environmental trusts. (f) On 15 March 2004, Harmony announced that it had made an off-market cash offer to acquire all the ordinary shares, listed and unlisted options of Abelle Limited, held by non-controlling interests. The excess of the purchase price of R579 million over the carrying amount of non-controlling interest acquired, amounting to R381 million, has been accounted for under other reserves. (g) On 24 May 2004, the group issued a convertible bond. The amount representing the value of the equity conversion component is included in other reserves, net of deferred income taxes. The equity conversion component is determined on the issue of the bonds and is not changed in subsequent periods. The convertible bonds were repaid in 2009. (h) On 19 March 2010, Harmony Gold Mining Company Limited concluded an agreement with African Vanguard Resources (Proprietary) Limited (AVRD), for the purchase of its 26% share of the mining titles of the Doornkop South Reef. The original sale of the 26% share in the mining titles was accounted for as an in-substance call option by AVRD over the 26% mineral right. The agreement to purchase AVRD's 26% interest during the 2010 financial year was therefore considered to be a repurchase of the option (equity interest). The 26% interest was transferred from AVRD to Harmony in exchange for Harmony repaying the AVRD Nedbank loan and the issue of 2 162 359 Harmony shares. The difference between the value of the shares issued of R152 million, the liability to the AVRD and transaction costs, have been taken directly to equity.

Provision for Environmental R_2

Provision for Environmental Rehabilitation (Tables)	12 Months Ended
	Jun. 30, 2024
Provision For Environmental Rehabilitation [Abstract]
Disclosure of Rates Used in Calculation of Provision	The following rates were used in the calculation of the provision: % 2024 2023 2022 South African operations Inflation rate – short term (Year 1) 5.83 6.59 6.55 – short term (Year 2) 5.68 5.65 5.20 – medium term (Year 3) 1 5.64 5.68 n/a – long term (Year 3 onwards) 1 n/a n/a 5.50 – long term (Year 4 onwards) 1 5.64 5.64 n/a Discount rates 2 – 12 months 9.00 9.30 5.50 – one to five years — 9.20 8.30 – two to four years 9.20 — — – five to seven years 10.90 — — – six to nine years — 10.60 9.90 – ten years or more 12.00 12.10 10.90 – fifteen years or more 12.60 — — – twenty years or more 12.70 — — PNG operations Inflation rate 4.74 4.84 5.33 Discount rate 10.33 9.33 8.45 1 In 2023, management refined the approach for applying inflation rate assumptions in the calculation. 2 In 2024, the grouping of the discount rates were updated to reflect the changes in the concentration of the lives of group’s mines.
Reconciliation of the total liability for environmental rehabilitation	The following is a reconciliation of the total provision for environmental rehabilitation: SA Rand Figures in million 2024 2023 Balance at beginning of year 5 473 5 013 Change in estimate – Balance sheet 1 (531) (111) Change in estimate – Income statement 3 32 Utilisation of provision (117) (120) Time value of money and inflation component of rehabilitation costs 486 483 Translation (159) 176 Balance at end of year 5 155 5 473 1 The majority of the change in 2024 relates to the inclusion of the deepening project for Mponeng in its life of mine plan. This increased the number of years and together with higher discount rates resulted in a significant decrease in the net present value of the liability. In 2023, there were no significant changes other than an increase in discount rates.
Disclosure of Future Net Undiscounted Obligation	While the ultimate amount of rehabilitation costs to be incurred in the future is uncertain, the group has estimated that, based on current environmental and regulatory requirements, the total undiscounted cost for the operations, in current monetary terms, is as follows: SA Rand Figures in million 2024 2023 Future net undiscounted obligation Ultimate estimated rehabilitation cost 8 387 7 930 Amounts invested in environmental trust funds (refer to no te 15 ) (6 030) (5 673) Total future net undiscounted obligation 2 357 2 257

Other Provisions (Tables)

Other Provisions (Tables)	12 Months Ended
	Jun. 30, 2024
Other Provisions1 [Abstract]
Other Provisions	SA Rand Figures in million 2024 2023 Provision for silicosis settlement (a) 255 549 Retirement benefit obligation (b) 290 264 Total other provisions 545 813 Current portion of other provisions 19 180 Non-current portion of other provisions 526 633 .
Disclosure of Provision for Silicosis Settlement	The following is a reconciliation of the total provision for the silicosis settlement: SA Rand Figures in million 2024 2023 Balance at beginning of year 549 820 Change in estimate 1 (174) (183) Time value of money and inflation component 33 67 Payments 2 (153) (155) Balance at end of year 255 549 Current portion of silicosis settlement provision 3 19 180 Non-current portion of silicosis settlement provision 236 369 1 The change in estimate relates mainly to a change in the assumptions due to the availability of actual exit data and an adjustment to the take-up rate, which resulted in a decrease of the estimated obligation as at 30 June 2024. 2 These payments comprise of the administration and benefit contributions to the Tshiamiso Trust. 3 During the second half of FY24, Harmony had surplus funds available in the Tshiamiso Trust therefore no further benefit contributions have been made per instruction of the Tshiamiso Trust.
Disclosure of the Impact of a Reasonable Change in Certain Key Assumptions	The impact of these reasonable possible changes on the assumptions would increase or decrease the provision amount by the following amounts: SA Rand Figures in million 2024 2023 Effect of an increase in the assumption: Change in benefit take-up rate 1 67 81 Change in silicosis prevalence 2 67 81 Change in disease progression rates 3 25 61 Effect of a decrease in the assumption: Change in benefit take-up rate 1 (67) (81) Change in silicosis prevalence 2 (67) (81) Change in disease progression rates 3 (25) (61) 1 Change in benefit take-up rate: the take-up rate does not significantly affect the administration fees, but a 10% change results in a proportionate change in the base compensation values. 2 Change in the silicosis prevalence: the assumptions that will result in a change in the estimated number of cases are either a 10% change in the assumed labour numbers or a 10% change in the disease risk. 3 Change in disease progression rates: a 10% shorter/longer disease progression period was used, which results in more advanced silicosis cases. This assumption is not applicable to the dependant or tuberculosis classes.
Disclosure of Unfunded Obligations and Net Liability of Defined Benefit Plan	SA Rand Figures in million 2024 2023 Present value of all unfunded obligations 290 264 Current employees 101 100 Retired employees 189 164 The movement in the retirement benefit obligation is as follows: Balance at beginning of year 264 251 Contributions paid (16) (14) Other expenses included in staff costs/current service cost 3 3 Finance costs 35 30 Net actuarial (gain)/loss recognised in other comprehensive income during the year 4 (6) Balance at end of year (non-current) 290 264 The net actuarial loss for 2024 mainly due to a lower net discount rate driven by the low interest rates assumed and used (2023: the net actuarial gain mainly resulted due to the results of the higher real rate of discount assumed and used). SA Rand Figures in million 2024 2023 The net liability of the defined benefit plan is as follows: Present value of defined benefit obligation 290 264 Fair value of plan assets — — Net liability of defined benefit plan 290 264

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of leases [Abstract]
Disclosure of quantitative information about right-of-use assets	The movement in the right-of-use assets is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 553 480 Additions 270 240 Modifications 15 17 Depreciation (248) (259) Terminations (5) (45) Translation (16) 120 Balance at end of year 569 553
Disclosure of quantitative information about leases for lessee	The movement in the lease liabilities is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 526 442 Additions 249 228 Modifications 15 17 Interest expense on lease liabilities 32 28 Lease payments made (278) (229) Terminations (6) — Translation (32) 40 Balance at end of year 506 526 Current portion of lease liabilities 260 216 Non-current portion of lease liabilities 246 310
Disclosure Of Maturity Analysis of Capitalised Leases	The maturity of the group's undiscounted lease payments is as follows: SA Rand Figures in million 2024 2023 Less than and including one year 270 235 Between one and five years 182 273 Five years and more 131 128 Total 583 636
Disclosure of qualitative information about leases for lessee Income Statement	The amounts included in the income statement relating to leases: SA Rand Figures in million 2024 2023 Depreciation of right-of-use assets 1 248 259 Interest expense on lease liabilities 2 32 28 Short-term leases expensed 3 348 154 Leases of low value assets expensed 3 17 28 Variable lease payments expensed 3, 4 2 030 1 678 1 Included in depreciation and amortisation. 2 Included in finance costs. 3 Included in production costs and corporate, administration and other expenditure. 4 These payments relate mostly to mining and drilling contracts as well as contracts for transportation of marginal gold ore. Variable lease payments comprise 76% of the total lease payments made during the period. The majority of the variable lease payments made relate to the contracting of specialists for mining operations at Harmony's open-pit mines and are determined on a per tonne or square metre basis.
Disclosure of lease payments	The total cash outflows for leases are: SA Rand Figures in million 2024 2023 Principal and interest payments made for lease liabilities 278 229 Short-term lease payments 348 154 Lease payments of low value assets leased 17 28 Variable lease payments 2 030 1 678 Total cash outflows for leases 2 673 2 089

Contingent Consideration (Table

Contingent Consideration (Tables)	12 Months Ended
	Jun. 30, 2024
Contingent Consideration [Abstract]
Disclosure of the movement in Contingent Consideration [Table Text Block]	The movement in the contingent consideration liability is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 589 356 Acquisitions 1 — 169 Payment of Mponeng contingent consideration liability (108) — Remeasurement of contingent consideration (a) 484 64 Balance at end of year 965 589 Current portion of contingent consideration 2 115 — Non-current portion of contingent consideration 850 589 1 Initial recognition of the Eva Copper contingent consideration. 2 Relates to Mponeng contingent consideration for the above-infrastructure ounces being mined. (a) The movement in 2024 includes R291 million due to the change in the Mponeng operation’s production profile, which is based on Mponeng’s life-of-mine plan. It also includes R193 million for the changes in assumptions applied in determining the Eva Copper contingent consideration. These changes relate to a decrease in the discount rate and higher forecasted copper price and inflation rate.

Other Non-Current Liabilities (

Other Non-Current Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract]
Disclosure of Other Non-Current Liabilities	SA Rand Figures in million 2024 2023 Sibanye Beatrix ground swap royalty 1 25 22 Lease liability – non-current 2 246 310 Provision for Harmony Education Benefit Fund 5 5 Total non-current liabilities 276 337 1 The increase in royalty provision is due to an increase in gold prices used in the valuation. 2 Refer to note 26 for an analysis of the lease liability.

Streaming Arrangement (Tables)

Streaming Arrangement (Tables)	12 Months Ended
	Jun. 30, 2024
Streaming Contract Liabilities [Abstract]
Disclosure of reconciliation of the streaming contract liability	Reconciliation of the streaming contract liability: SA Rand Figures in million 2024 2023 Balance at beginning of year 390 687 Finance costs related to significant financing component 18 41 Non-cash consideration for delivery of gold ounces (included in Revenue) (323) (338) Balance at end of year 85 390 Current portion of streaming contract liability 85 285 Non-current portion of streaming contract liability — 105

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Disclosure of Terms and Debt Repayment Schedule	Summary of facilities' terms Commenced Tenor Matures Secured Security Interest payment Interest Repayment term Repaid Existing R2.5 billion revolving credit facility – sustainability linked May 2022 Five years May 2027 2 No Unsecured Variable JIBAR 3 + 2.40% On maturity n/a US$400 million facility – sustainability linked May 2022 Five years May 2027 2 No Unsecured Variable On maturity n/a – US$100 million term facility SOFR + 2.85% – US$300 million revolving credit facility SOFR + 2.70% R1.5 billion facility (green term loan) 1 May 2022 Six years, six months November 2028 No Unsecured Variable JIBAR 3 + 2.65% Bi-annual 4 n/a Matured US$24 million Westpac loan July Four years July Yes Cession and pledge of vehicles and machinery Variable LIBOR + 3.20% Quarterly instalments July 2022 1 This facility can only be drawn down for qualifying projects. 2 During March 2024 a 12-month extension was granted from May 2026. 3 The interest rates of these facilities is expected to be impacted by the South African IBOR reform, where JIBAR is planned to be discontinued and replaced with the South African Rand Overnight Index Average (ZARONIA). As these facilities’ agreements makes provision for the use of replacement benchmarks for determining interest rates, the impact of the IBOR reform is expected to be immaterial. 4 Initially ten equal bi-annual instalments starting from May 2024 with the final instalment on maturity. As no drawdowns have occurred as of 30 June 2024, the first R150 million is no longer available.
Disclosure of Interest Bearing Borrowings	SA Rand Figures in million 2024 2023 Non-current borrowings R2.5 billion facility – sustainability linked — — Balance at beginning of year — — Drawn down 300 700 Repayments (300) (700) Amortisation of issue costs 16 7 Reclassification from prepayments (Trade receivables) (16) (7) US$400 million facility – sustainability linked 1 785 5 592 Balance at beginning of year 5 592 3 180 Drawn down — 2 919 Repayments (3 747) (1 345) Amortisation of issue costs 23 19 Translation (83) 819 Total non-current borrowings 1 785 5 592 Current borrowings US$400 million facility – sustainability linked 9 103 Balance at beginning of year 103 — Interest accrued 129 103 Interest paid (224) — Translation 1 — Westpac fleet loan — — Balance at beginning of year — 25 Repayments — (26) Translation — 1 Total current borrowings 9 103 Total interest-bearing borrowings 1 794 5 695 SA Rand Figures in million 2024 2023 The maturity of borrowings is as follows: Current 9 103 Between one to two years — — Between two to three years 1 785 5 592 Total 1 794 5 695 30 Borrowings continued Interest-bearing borrowings continued SA Rand Figures in million 2024 2023 Undrawn committed borrowing facilities: Expiring within one year 1 1 350 — Expiring after one year 7 958 5 883 Total 9 308 5 883 1 The ability to draw down from the green loan ends at the end of November 2024. However repayment of any drawn down amounts prior to this date will be in line with the original payment terms.
Disclosure of Effective Interest Rates	2024 2023 Effective interest rates (%) Westpac fleet loan — 3.4 R2.5 billion RCF – sustainability linked 10.8 9.2 US$400 million – sustainability linked 8.2 6.8

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of Trade and Other Payables	SA Rand Figures in million 2024 2023 Financial liabilities Trade payables 1 138 1 205 Lease liability – current 1 260 216 Other liabilities 566 601 Non-financial liabilities Payroll accruals 968 888 Leave liabilities (a) 848 794 Shaft-related liabilities 2 1 367 1 016 Other accruals 116 173 Value added tax 214 176 Income and mining tax 3 152 169 Total trade and other payables 5 629 5 238 1 Refer to note 26 for an analysis of the lease liability. 2 The increase in certain cost categories contributed to the change year on year – refer to note 5. 3 Refer to note 11 for further detail on the movement. (a) Employee entitlements to annual leave are recognised on an ongoing basis. An accrual is made for the estimated liability for annual leave as a result of services rendered by employees up to the balance sheet date. The movement in the liability recognised in the balance sheet is as follows: SA Rand Figures in million 2024 2023 Balance at beginning of year 794 770 Benefits paid (838) (803) Total expense per income statement 907 807 Translation (gain)/loss (15) 20 Balance at end of year 848 794

Cash Generated by Operations (T

Cash Generated by Operations (Tables)	12 Months Ended
	Jun. 30, 2024
Cash Generated By Operations [Abstract]
Disclosure of Cash Generated by Operations	SA Rand Figures in million 2024 2023 2022 Reconciliation of profit/(loss) before taxation to cash generated by operations Profit/(loss) before taxation 11 770 6 606 (1 058) Adjustments for: Amortisation and depreciation 4 642 3 454 3 683 Impairment of assets 2 793 — 4 433 Share-based payments 250 112 145 Net decrease in provision for post-retirement benefits (16) (15) (14) Net increase/(decrease) in provision for environmental rehabilitation (114) (88) 71 (Profit)/loss on sale of property, plant and equipment 13 (46) (24) Loss on scrapping of property, plant and equipment 97 182 7 Profit from associates (81) (57) (63) Investment income (809) (663) (352) Finance costs 796 994 718 Inventory-related adjustments (503) 31 32 Foreign exchange translation differences (110) 795 338 Non-cash portion of (gains)/losses on derivatives (432) 253 252 Day one loss amortisation (16) (45) (49) Streaming contract revenue (323) (338) (471) Silicosis settlement provision – net (327) (338) (86) Contingent consideration remeasurement 484 64 (61) Other non-cash adjustments 37 5 36 Effect of changes in operating working capital items (Increase)/decrease in Receivables (258) (627) 21 Increase in Inventories (50) (308) (232) Increase in Payables 332 618 52 Cash generated by operations 18 175 10 589 7 378

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Jun. 30, 2024
Employee Benefits [Abstract]
Disclosure of Permanent Employees and Aggregate Earnings of Employees	2024 2023 Number of permanent employees as at 30 June: South African operations 1 33 123 33 341 International operations 2 1 592 1 572 Total number of permanent employees 34 715 34 913 SA Rand Figures in million 2024 2023 Aggregate earnings The aggregate earnings of employees including executive directors were: Salaries and wages and other benefits (excluding share-based payments) 17 006 15 988 Retirement benefit costs 1 226 1 146 Medical aid contributions 403 382 Total aggregated earnings 3 18 635 17 516 1 The South African operations include permanent employees for Phoenix of 86 and Margaret Water Company NPC of 50 as a result of Harmony’s shareholding of 72% and 66% respectively. 2 The Wafi-Golpu joint operation employees included in the total is 31 (2023: 31). 3 These amounts have been included in cost of sales, corporate expenditure and capital expenditure.

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
	Jun. 30, 2024
Share-based payment arrangements [Abstract]
Explanation of Effect of Share-based Payments on Entity's Profit or Loss	The total cost relating to employee share-based payments is made up as follows: SA Rand Figures in million 2024 2023 2022 Sisonke ESOP — — 91 Katleho ya Moruo ESOP 112 — — Management DSP 132 114 109 Total share-based payments 244 114 200
Disclosure of Terms and Conditions of Share-based Payment Arrangement	The shares were issued to the Harmony ESOP Trust (the Trust) on 4 April 2024. Each beneficiary under the scheme will be awarded 360 Participation Units (PU) from 1 July 2024, post year-end, if they qualified for the scheme upon its formation or within six months of the formation thereof. Thereafter, qualifying employees will be awarded PU on a pro-rata basis in line with the scheme rules. The PU will vest after a service period of five years commencing on 4 April 2024. The Katleho ya Moruo ESOP is equity-settled. Award Vesting Performance criteria PU* The PU will vest after 5 years from the date on which the service period commenced. The participant is still employed within the group. * Participation Unit refers to the vested rights of a beneficiary to an equal number of Harmony shares held by the Trust. Termination of employees' participation in the share scheme is based on "no fault" and "fault" definitions: • Fault All unvested and unexercised PU are lapsed and cancelled • No fault Accelerated vesting occurs and all unvested and unexercised PU are settled in accordance with the rules of the plan.
Disclosure of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options	Activity on share options Number of DS Activity on DS granted but not exercised 2024 2023 Balance at beginning of year 5 085 520 4 449 291 Options granted 1 993 119 2 318 254 Options exercised (1 765 592) (1 480 166) Options forfeited and lapsed (309 810) (201 859) Balance at end of year 5 003 237 5 085 520 34 Share-based payments continued Employee share-based payments continued Options granted under the Management Deferred Share Plan continued 2024 2023 18 September 2019 – 3 years Gain realised by participants on options exercised during the year (R million) — 12 Weighted average share price at the date of exercise (SA Rand) — 41.00 Remaining life (years) — — 18 September 2019 – 5 years Gain realised by participants on options exercised during the year (R million) 3 2 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 0.2 1.2 18 September 2020 – 3 years Gain realised by participants on options exercised during the year (R million) 23 11 Weighted average share price at the date of exercise (SA Rand) 85.46 41.50 Remaining life (years) — 0.2 18 September 2020 – 5 years Gain realised by participants on options exercised during the year (R million) 4 2 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 1.2 2.2 20 September 2021 – 3 years Gain realised by participants on options exercised during the year (R million) 62 31 Weighted average share price at the date of exercise (SA Rand) 85.00 40.21 Remaining life (years) 0.2 1.2 20 September 2021 – 5 years Gain realised by participants on options exercised during the year (R million) 9 4 Weighted average share price at the date of exercise (SA Rand) 90.60 47.41 Remaining life (years) 2.2 3.2 19 September 2022 – 3 years Gain realised by participants on options exercised during the year (R million) 43 — Weighted average share price at the date of exercise (SA Rand) 82.20 — Remaining life (years) 1.2 — 19 September 2022 – 5 years Gain realised by participants on options exercised during the year (R million) 7 — Weighted average share price at the date of exercise (SA Rand) 93.32 — Remaining life (years) 3.2 — List of options granted but not yet exercised (listed by grant date) Number of options Remaining life (years) As at 30 June 2024 Deferred shares 18 September 2019 – 5 years 99 992 0.2 18 September 2020 – 5 years 189 787 1.2 20 September 2021 – 3 years 692 409 0.2 20 September 2021 – 5 years 604 806 2.2 19 September 2022 – 3 years 1 007 583 1.2 19 September 2022 – 5 years 528 063 3.2 18 September 2023 – 3 years 1 429 778 2.2 18 September 2023 – 5 years 450 819 4.2 Total options granted but not yet exercised 5 003 237

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Jun. 30, 2024
Related Party [Abstract]
Disclosure of Directors and Prescribed Officers Who Own Shares in Harmony	The directors' remuneration is as follows: SA Rand Figures in million Executive directors Non-executive directors 2024 Salaries 23 — Retirement contributions 3 — Bonuses 12 — Exercise/settlement of share options 13 — Directors' fees — 13 Total 51 13 2023 Salaries 23 — Retirement contributions 3 — Bonuses 8 — Exercise/settlement of share options 6 — Directors' fees — 14 Total 40 14 On 29 November 2022, Harmony announced the retirement by rotation of Mr Andre Wilkens, non-executive director, and Mr Joaquim Chissano, independent non-executive director, with effect from 29 November 2022. 35 Related parties continued Directors and other key management continued The following directors and prescribed officers owned shares in Harmony at year-end. The balance of shares held is attributable to shares held privately and in terms of the minimum shareholding requirement as set out in our remuneration policy: Number of shares Name of director/prescribed officer 2024 2023 Directors Peter Steenkamp 612 436 598 513 Boipelo Lekubo 52 918 24 753 Harry Mashego 55 053 28 975 Prescribed officers Beyers Nel 79 706 54 195 Marian van der Walt 47 092 66 870 Johannes van Heerden 74 065 42 310 Anton Buthelezi 13 390 — Melanie Naidoo-Vermaak 1 n/a 7 966 1 Resigned as prescribed officer effective 31 December 2023.
Disclosure of Transactions with Related Parties	SA Rand Figures in million 2024 2023 Sales and services rendered to related parties Joint operations 5 4 Total 5 4 SA Rand Figures in million 2024 2023 Purchases and services acquired from related parties Associates 76 69 Total 76 69

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2024
Other provisions, contingent liabilities and contingent assets [Abstract]
Disclosure of Capital Commitments	Commitments and guarantees SA Rand Figures in million 2024 2023 Capital expenditure commitments Contracts for capital expenditure 1 681 1 893 Share of joint operation's contracts for capital expenditure 21 160 Authorised by the directors but not contracted for (a) 14 442 8 525 Total capital commitments 16 144 10 578 (a) The increase relates mainly to the additional capital included for renewable energy projects and the Zaaiplaats project, increasing approximately R1.5 billion and R1.0 billion respectively. The increase in the renewable energy projects relates to cost escalations as well as the inclusion of capital for phase 4 due to the Mponeng deepening project being authorised. Also contributing is the inclusion of approximately R2.9 billion for the Mponeng life of mine extension and deepening project.
Disclosure of Guarantees	SA Rand Figures in million 2024 2023 Guarantees Guarantees and suretyships 1 519 500 Environmental guarantees 2 509 500 Total guarantees 1 028 1 000 1 The guarantees and suretyships mainly relate to Eskom guarantees. 2 At 30 June 2024 R217 million (2023: R181 million) has been pledged as collateral for environmental guarantees in favour of certain financial institutions. Refer to note 15.

Financial Risk Management (Tabl

Financial Risk Management (Tables)	12 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
Disclosure of Financial Assets	The group's financial assets and liabilities are classified as set out below: SA Rand Figures in million Debt instruments at amortised cost Equity instruments designated Derivatives designated as cash flow hedges Derivatives at fair value through profit or loss Debt instruments at fair value through profit or loss Financial liabilities at amortised cost At 30 June 2024 Financial assets Restricted cash and investments 4 629 335 — — 1 569 — Other non-current assets 8 88 — — 68 — Non-current derivative financial instruments — — 352 101 — — – Rand gold forwards — — 172 — — — – US$ gold forwards — — 27 — — — – Rand gold collars 1 — — 135 — — — – US$ gold collars 1 — — 18 — — — – US$ silver contracts — — — 3 — — – Foreign exchange contracts — — — 98 — — Current derivative financial instruments — — 133 425 — — – Rand gold forwards — — 110 — — — – US$ gold forwards — — 3 — — — – Rand gold collars 1 — — 20 — — — – Foreign exchange contracts — — — 425 — — Trade and other receivables 1 588 — — — — — Cash and cash equivalents 4 693 — — — — — Financial liabilities Non-current derivative financial instruments — — 588 21 — — – Rand gold forwards — — 510 — — — – US$ gold forwards — — 77 — — — – US$ gold collars 1 — — 1 — — — – US$ silver contracts — — — 21 — — Current derivative financial instruments — — 1 460 42 — — – Rand gold forwards — — 1 289 — — — – US$ gold forwards — — 159 — — — – Rand gold collars 1 — — 9 — — — – US$ gold collars 1 — — 3 — — — – US$ silver contracts — — — 42 — — Borrowings — — — — — 1 794 Contingent consideration liability — — — — 965 — Other non-current liabilities — — — — — 271 Trade and other payables — — — — — 1 964 1 Harmony introduced gold zero cost collar hedging contracts to its derivative programme during April 2024 to hedge the risk of lower gold prices. Cash flow hedge accounting is applied to these contracts. 37 Financial risk management continued SA Rand Figures in million Debt instruments Equity instruments designated Derivatives designated Derivatives Debt instruments Financial liabilities at amortised At 30 June 2023 Financial assets Restricted cash and investments 4 152 305 — — 1 705 — Other non-current assets 15 78 — — 101 — Non-current derivative financial instruments — — 168 101 — — – Rand gold forwards — — 135 — — — – US$ gold forwards — — 33 — — — – US$ silver contracts — — — 16 — — – Foreign exchange contracts — — — 85 — — Current derivative financial instruments — — 78 32 — — – Rand gold forwards — — 44 — — — – US$ gold forwards — — 34 — — — – US$ silver contracts — — — 28 — — – Foreign exchange contracts — — — 4 — — Trade and other receivables 1 561 — — — — — Cash and cash equivalents 2 867 — — — — — Financial liabilities Non-current derivative financial instruments — — 401 69 — — – Rand gold forwards — — 401 — — — – Foreign exchange contracts — — — 69 — — Current derivative financial instruments — — 909 152 — — – Rand gold forwards — — 890 — — — – US$ gold forwards — — 19 — — — – Foreign exchange contracts — — — 152 — — Borrowings — — — — — 5 695 Contingent consideration liability — — — — 589 — Other non-current liabilities — — — — — 332 Trade and other payables — — — — — 2 022
Disclosure of Financial Liabilities	The group's financial assets and liabilities are classified as set out below: SA Rand Figures in million Debt instruments at amortised cost Equity instruments designated Derivatives designated as cash flow hedges Derivatives at fair value through profit or loss Debt instruments at fair value through profit or loss Financial liabilities at amortised cost At 30 June 2024 Financial assets Restricted cash and investments 4 629 335 — — 1 569 — Other non-current assets 8 88 — — 68 — Non-current derivative financial instruments — — 352 101 — — – Rand gold forwards — — 172 — — — – US$ gold forwards — — 27 — — — – Rand gold collars 1 — — 135 — — — – US$ gold collars 1 — — 18 — — — – US$ silver contracts — — — 3 — — – Foreign exchange contracts — — — 98 — — Current derivative financial instruments — — 133 425 — — – Rand gold forwards — — 110 — — — – US$ gold forwards — — 3 — — — – Rand gold collars 1 — — 20 — — — – Foreign exchange contracts — — — 425 — — Trade and other receivables 1 588 — — — — — Cash and cash equivalents 4 693 — — — — — Financial liabilities Non-current derivative financial instruments — — 588 21 — — – Rand gold forwards — — 510 — — — – US$ gold forwards — — 77 — — — – US$ gold collars 1 — — 1 — — — – US$ silver contracts — — — 21 — — Current derivative financial instruments — — 1 460 42 — — – Rand gold forwards — — 1 289 — — — – US$ gold forwards — — 159 — — — – Rand gold collars 1 — — 9 — — — – US$ gold collars 1 — — 3 — — — – US$ silver contracts — — — 42 — — Borrowings — — — — — 1 794 Contingent consideration liability — — — — 965 — Other non-current liabilities — — — — — 271 Trade and other payables — — — — — 1 964 1 Harmony introduced gold zero cost collar hedging contracts to its derivative programme during April 2024 to hedge the risk of lower gold prices. Cash flow hedge accounting is applied to these contracts. 37 Financial risk management continued SA Rand Figures in million Debt instruments Equity instruments designated Derivatives designated Derivatives Debt instruments Financial liabilities at amortised At 30 June 2023 Financial assets Restricted cash and investments 4 152 305 — — 1 705 — Other non-current assets 15 78 — — 101 — Non-current derivative financial instruments — — 168 101 — — – Rand gold forwards — — 135 — — — – US$ gold forwards — — 33 — — — – US$ silver contracts — — — 16 — — – Foreign exchange contracts — — — 85 — — Current derivative financial instruments — — 78 32 — — – Rand gold forwards — — 44 — — — – US$ gold forwards — — 34 — — — – US$ silver contracts — — — 28 — — – Foreign exchange contracts — — — 4 — — Trade and other receivables 1 561 — — — — — Cash and cash equivalents 2 867 — — — — — Financial liabilities Non-current derivative financial instruments — — 401 69 — — – Rand gold forwards — — 401 — — — – Foreign exchange contracts — — — 69 — — Current derivative financial instruments — — 909 152 — — – Rand gold forwards — — 890 — — — – US$ gold forwards — — 19 — — — – Foreign exchange contracts — — — 152 — — Borrowings — — — — — 5 695 Contingent consideration liability — — — — 589 — Other non-current liabilities — — — — — 332 Trade and other payables — — — — — 2 022
Schedule of Sensitivity Analysis for Types of Market Risk	The group has reviewed its foreign currency exposure on financial assets and financial liabilities and has identified the following sensitivities in the exchange rates that would affect profit and loss before tax: • Rand/US$ exchange rate – 3% (2023: 5%) based on the standard deviation from a one-year forecast of various financial institution outlooks • A$/US$ exchange rate – 3% (2023: 4%) based on the standard deviation from a one-year forecast of various financial institution outlooks. Only material foreign currency exposure balances were considered when determining the need for a sensitivity analysis and therefore management has not performed a sensitivity analysis on PGK/US$ exchange rates. SA Rand Figures in million 2024 2023 Sensitivity analysis – borrowings Rand against US$ Balance at 30 June 1 794 5 695 Strengthen by 3% (FY23: 5%) 54 285 Weaken by 3% (FY23: 5%) (54) (285) Closing rate 18.19 18.83 Sensitivity analysis – contingent consideration liability: Mponeng Rand against US$ Balance at 30 June 587 404 Strengthen by 3% (FY23: 5%) 18 20 Weaken by 3% (FY23: 5%) (18) (20) Closing rate 18.19 18.83 Sensitivity analysis – contingent consideration liability: Eva Copper US$ against A$ Balance at 30 June 378 185 Strengthen by 3% (FY23: 4%) 11 7 Weaken by 3% (FY23: 4%) (11) (8) Closing rate 0.67 0.67 37 Financial risk management continued Market risk continued Foreign exchange risk continued SA Rand Figures in million 2024 2023 Sensitivity analysis – other financial instruments Rand against US$ Balance at 30 June 523 (132) Strengthen by 3% (FY23: 5%) 250 495 Weaken by 3% (FY23: 5%) (241) (615) Closing rate 18.19 18.83 US$ against A$ Balance at 30 June 252 408 Strengthen by 3% (FY23: 4%) 7 16 Weaken by 3% (FY23:4%) (8) (17) Closing rate 0.67 0.67 The group has reviewed its exposure to commodity-linked instruments and identified a sensitivity of 8% (2023: 7%), based on the standard deviation of a one-year forecast gold price from various financial institution outlooks. The estimated sensitivity would affect other comprehensive income. Only material commodity balances were considered when determining the need for a sensitivity analysis and therefore management has not performed a sensitivity analysis on silver commodities. SA Rand Figures in million 2024 2023 Sensitivity analysis Rand gold derivatives Other comprehensive income Increase by 8% (FY23: 7%) (2 740) (1 472) Decrease by 8% (FY23: 7%) 2 439 1 314 US$ gold derivatives Other comprehensive income Increase by 8% (FY23: 7%) (418) (141) Decrease by 8% (FY23: 7%) 376 137 SA Rand Figures in million 2024 2023 Sensitivity analysis – borrowings (finance costs) US$-denominated borrowings Increase by 53 basis point (FY23: 15 basis point) (10) (9) Decrease by 53 basis points (FY23: 15 basis point) 10 9 Sensitivity analysis – financial assets (interest received) Increase by 41 basis points (FY23: 50 basis points) 38 34 Decrease by 41 basis points (FY23: 50 basis points) (38) (34)
Schedule of Credit Risk	Financial institutions' credit rating by exposure (source: Fitch Ratings and Global Credit Ratings) SA Rand Figures in million 2024 2023 Cash and cash equivalents AA+ 3 598 2 093 AA- 1 095 — A+ — 774 Total 4 693 2 867 Restricted cash and investments (refer to note 15) AAA 401 234 AA+ 5 722 5 411 Total 6 123 5 645 Derivative financial assets (refer to note 17) AA+ 407 117 AA 221 — AA- 156 127 A+ 227 135 Total 1 011 379
Disclosure of Contractual Maturities of Non-derivative Financial Liabilities	The following are the undiscounted contractual maturities of financial liabilities (including principal and interest payments assuming the closing R/US$ exchange rate, closing spot US$ gold price and interest rate at year end): SA Rand Figures in million 2024 2023 Current More than Current More than Contingent consideration liability 1 Due between 0 to five years 115 636 — 604 Due between six to 10 years — 414 — 225 Due between 10 to 15 years — 490 — 471 Due between 15 to 20 years — 461 — — Other non-current liabilities 2 — 25 — 22 Lease liability 3 270 313 235 401 Trade and other payables (excluding non-financial liabilities) 2,4 1 704 — 1 806 — Derivative financial liabilities 4 Due between 0 to six months 973 — 609 — Due between six to 12 months 649 — 639 — Due between one to two years — 766 — 812 Borrowings 4 Due between 0 to six months 75 — 597 — Due between six to 12 months 74 — 215 — Due between one to two years — 149 — 431 Due between two to three years 5 — 1 953 — 5 660 Total 3 860 5 207 4 101 8 626 1 The increase in the settlement period is due to the inclusion of the deepening project for Mponeng in its life-of-mine plan. 2 These balances exclude the lease liability as it has been disclosed separately. 3 Refer to note 26 for details of the maturity periods. 4 The group will utilise its cash generated from operations to settle outstanding obligations. 5 Final repayment of capital amount of R1 819 million in May 2027, taking into account a 12-month extension that was granted in March 2024. This repayment is based on the final outstanding balance of US$100 million and the closing exchange rate of R18.19.
Disclosure of Contractual Maturities of Derivative Financial Liabilities	The following are the undiscounted contractual maturities of financial liabilities (including principal and interest payments assuming the closing R/US$ exchange rate, closing spot US$ gold price and interest rate at year end): SA Rand Figures in million 2024 2023 Current More than Current More than Contingent consideration liability 1 Due between 0 to five years 115 636 — 604 Due between six to 10 years — 414 — 225 Due between 10 to 15 years — 490 — 471 Due between 15 to 20 years — 461 — — Other non-current liabilities 2 — 25 — 22 Lease liability 3 270 313 235 401 Trade and other payables (excluding non-financial liabilities) 2,4 1 704 — 1 806 — Derivative financial liabilities 4 Due between 0 to six months 973 — 609 — Due between six to 12 months 649 — 639 — Due between one to two years — 766 — 812 Borrowings 4 Due between 0 to six months 75 — 597 — Due between six to 12 months 74 — 215 — Due between one to two years — 149 — 431 Due between two to three years 5 — 1 953 — 5 660 Total 3 860 5 207 4 101 8 626 1 The increase in the settlement period is due to the inclusion of the deepening project for Mponeng in its life-of-mine plan. 2 These balances exclude the lease liability as it has been disclosed separately. 3 Refer to note 26 for details of the maturity periods. 4 The group will utilise its cash generated from operations to settle outstanding obligations. 5 Final repayment of capital amount of R1 819 million in May 2027, taking into account a 12-month extension that was granted in March 2024. This repayment is based on the final outstanding balance of US$100 million and the closing exchange rate of R18.19.
Disclosure of Net Debt	Net cash/(debt) is as follows: SA Rand Figures in million 2024 2023 Cash and cash equivalents 4 693 2 867 Borrowings (1 794) (5 695) Net cash/(debt) 2 899 (2 828)
Schedule of Financial Assets Measured at Fair Value	The following table sets out the group’s assets and liabilities measured at fair value by level within the fair value hierarchy: SA Rand Figures in million At 30 June 2024 At 30 June 2023 Level 1  Level 2  Level 3  Level 1 Level 2  Level 3  Fair value through other comprehensive income Other non-current assets (a) — — 88 — — 78 Restricted cash and investments (b) 335 — — 305 — — Fair value through profit or loss Restricted cash and investments (b) — 1 569 — — 1 705 — Derivative financial assets (c) — 1 011 — — 379 — Derivative financial liabilities (c) — (2 111) — — (1 531) — Loan to ARM BBEE Trust (d) — — 68 — — 101 Contingent consideration liability (e) — — (965) — — (589) (a) The majority of the balance relates to the equity investment in Rand Mutual Assurance. The fair value of the investment was estimated with reference to an independent valuation. A combination of the "Embedded Valuation" and "Net Asset Value" techniques were applied to revalue the investment at the reporting dates. In evaluating the group's share of the business, common practice marketability and minority discounts as well as additional specific risk discounts were applied. There are no inputs to the valuation that a reasonably possible change would result in a material change in the fair value of the investment. (b) The level 1 valued assets comprise listed equity securities designated as fair value through other comprehensive income instruments. The majority of the level 2 valued assets are directly derived from the Top 40 index on the JSE, and are discounted at market interest rates. This relates to equity-linked deposits in the group's environmental rehabilitation trust funds. The remaining balance of the environmental trust funds is carried at amortised cost and therefore not disclosed here. (c) The mark-to-market remeasurement of the derivative contracts (refer to note 17 for further details) was determined as follows: • Foreign exchange contracts comprise zero cost collars and FECs: The zero cost collars were valued using a Black-Scholes valuation technique derived from spot Rand/US$ exchange rate inputs, implied volatilities on the Rand/US$ exchange rate, Rand/US$ inter-bank interest rates and discounted at a market interest rate (zero-coupon interest rate curve). The value of the FECs is derived from the forward Rand/US$ exchange rate and discounted at a market interest rate (zero coupon interest rate curve) • Rand gold forward sale contracts: spot Rand/US$ exchange rate, Rand and dollar interest rates (forward points), spot US$ gold price, differential between the US interest rate and gold lease interest rate which is discounted at a market interest rate • US$ gold forward sale contracts: spot US$ gold price, differential between the US interest rate and gold lease interest rate and discounted at a market interest rate • Silver contracts (zero cost collars): a Black-Scholes valuation technique, derived from the spot US$ silver price, strike price, implied volatilities, time to maturity and interest rates and discounted at a market interest rate 37 Financial risk management continued Fair value determination for financial assets and liabilities continued (c) Derivative contracts continued • Rand gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot Rand/US$ exchange rate, spot US$ gold price, Rand and dollar interest rates (forward points) with discounting at the market interest rate (zero-coupon interest rate curve), US$ gold forward rates, time to maturity and implied volatilities • US$ gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot US$ gold price, US$ gold forward rates, US$ interest rates with discounting at the market interest rate (zero-coupon interest rate curve), time to maturity and implied volatilities. (d) At 30 June 2024, the fair value movement was calculated using a discounted cash flow model, taking into account forecast dividend payments over the estimated repayment period of the loan at a rate of 12.6% (2023: 12.7%). A 73 basis points (2023: 37 basis points) change in the discount rate, which would represent a reasonably possible change based on expected movements in lending rates, would not cause a material change in the fair value of the loan. The loan balance forms part of other non-current assets in the balance sheet. During the 2024 year, repayments to the value of R42 million (2023: R74 million) were received. (e) Contingent consideration liabilities (refer to note 27) consist of the following: • Mponeng operation The contingent consideration liability related to the Mponeng operation was determined using the expected gold production profile for Mponeng. At 30 June 2024, the liability was valued at R587 million (2023: R404 million), using a discounted cash flow valuation method at a post-tax real rate of 10.5% (2023: 9.6%). Should the expected gold production profile increase by 9.7% or decrease by 9.7%, the contingent consideration liability would increase by R354 million (2023: R411 million at 9.8%) or decrease by R340 million (2023: R314 million at 9.8%) respectively. This represents reasonably expected changes which, for FY24, were determined based on the average variance between the planned production and the actual production achieved over a number of years. The reasonably expected change for FY23 was determined using the standard deviation of previous years' actual production. No other reasonably expected changes in key unobservable inputs would have caused a material change in the fair value of the liability. The remeasurement of the liability has been included in other operating income/(expenses). • Eva Copper
Schedule of Financial Liabilities Measured at Fair Value	The following table sets out the group’s assets and liabilities measured at fair value by level within the fair value hierarchy: SA Rand Figures in million At 30 June 2024 At 30 June 2023 Level 1  Level 2  Level 3  Level 1 Level 2  Level 3  Fair value through other comprehensive income Other non-current assets (a) — — 88 — — 78 Restricted cash and investments (b) 335 — — 305 — — Fair value through profit or loss Restricted cash and investments (b) — 1 569 — — 1 705 — Derivative financial assets (c) — 1 011 — — 379 — Derivative financial liabilities (c) — (2 111) — — (1 531) — Loan to ARM BBEE Trust (d) — — 68 — — 101 Contingent consideration liability (e) — — (965) — — (589) (a) The majority of the balance relates to the equity investment in Rand Mutual Assurance. The fair value of the investment was estimated with reference to an independent valuation. A combination of the "Embedded Valuation" and "Net Asset Value" techniques were applied to revalue the investment at the reporting dates. In evaluating the group's share of the business, common practice marketability and minority discounts as well as additional specific risk discounts were applied. There are no inputs to the valuation that a reasonably possible change would result in a material change in the fair value of the investment. (b) The level 1 valued assets comprise listed equity securities designated as fair value through other comprehensive income instruments. The majority of the level 2 valued assets are directly derived from the Top 40 index on the JSE, and are discounted at market interest rates. This relates to equity-linked deposits in the group's environmental rehabilitation trust funds. The remaining balance of the environmental trust funds is carried at amortised cost and therefore not disclosed here. (c) The mark-to-market remeasurement of the derivative contracts (refer to note 17 for further details) was determined as follows: • Foreign exchange contracts comprise zero cost collars and FECs: The zero cost collars were valued using a Black-Scholes valuation technique derived from spot Rand/US$ exchange rate inputs, implied volatilities on the Rand/US$ exchange rate, Rand/US$ inter-bank interest rates and discounted at a market interest rate (zero-coupon interest rate curve). The value of the FECs is derived from the forward Rand/US$ exchange rate and discounted at a market interest rate (zero coupon interest rate curve) • Rand gold forward sale contracts: spot Rand/US$ exchange rate, Rand and dollar interest rates (forward points), spot US$ gold price, differential between the US interest rate and gold lease interest rate which is discounted at a market interest rate • US$ gold forward sale contracts: spot US$ gold price, differential between the US interest rate and gold lease interest rate and discounted at a market interest rate • Silver contracts (zero cost collars): a Black-Scholes valuation technique, derived from the spot US$ silver price, strike price, implied volatilities, time to maturity and interest rates and discounted at a market interest rate 37 Financial risk management continued Fair value determination for financial assets and liabilities continued (c) Derivative contracts continued • Rand gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot Rand/US$ exchange rate, spot US$ gold price, Rand and dollar interest rates (forward points) with discounting at the market interest rate (zero-coupon interest rate curve), US$ gold forward rates, time to maturity and implied volatilities • US$ gold zero cost collar contracts: a Black-Scholes valuation technique, derived from spot US$ gold price, US$ gold forward rates, US$ interest rates with discounting at the market interest rate (zero-coupon interest rate curve), time to maturity and implied volatilities. (d) At 30 June 2024, the fair value movement was calculated using a discounted cash flow model, taking into account forecast dividend payments over the estimated repayment period of the loan at a rate of 12.6% (2023: 12.7%). A 73 basis points (2023: 37 basis points) change in the discount rate, which would represent a reasonably possible change based on expected movements in lending rates, would not cause a material change in the fair value of the loan. The loan balance forms part of other non-current assets in the balance sheet. During the 2024 year, repayments to the value of R42 million (2023: R74 million) were received. (e) Contingent consideration liabilities (refer to note 27) consist of the following: • Mponeng operation The contingent consideration liability related to the Mponeng operation was determined using the expected gold production profile for Mponeng. At 30 June 2024, the liability was valued at R587 million (2023: R404 million), using a discounted cash flow valuation method at a post-tax real rate of 10.5% (2023: 9.6%). Should the expected gold production profile increase by 9.7% or decrease by 9.7%, the contingent consideration liability would increase by R354 million (2023: R411 million at 9.8%) or decrease by R340 million (2023: R314 million at 9.8%) respectively. This represents reasonably expected changes which, for FY24, were determined based on the average variance between the planned production and the actual production achieved over a number of years. The reasonably expected change for FY23 was determined using the standard deviation of previous years' actual production. No other reasonably expected changes in key unobservable inputs would have caused a material change in the fair value of the liability. The remeasurement of the liability has been included in other operating income/(expenses). • Eva Copper

Segment Report Segment Report (

Segment Report Segment Report (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Segment Report	Segment report continued Revenue 1 30 June Production cost 30 June Production Segment assets Capital expenditure # 30 June Kilograms produced* Tonnes milled* 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Rand million Rand million Rand million Rand million Rand million Kg 000t South Africa Underground Moab Khotsong 8 108 7 036 5 779 4 638 4 515 4 038 3 470 2 521 1 741 6 017 5 125 4 324 1 330 1 167 894 6 599 6 668 6 508 822 920 959 Mponeng 10 577 7 845 5 620 5 795 4 997 4 487 4 782 2 848 1 133 4 438 4 630 4 433 890 704 605 8 751 7 449 6 086 880 884 840 Tshepong North 3 877 3 530 3 429 2 827 2 701 2 894 1 050 829 535 2 369 2 226 2 049 559 553 1 038 3 248 3 354 3 793 726 795 988 Tshepong South 3 734 3 607 2 922 2 564 2 395 2 190 1 170 1 212 732 2 326 2 043 1 730 527 514 476 3 129 3 431 3 229 465 506 573 Doornkop 4 198 4 384 3 106 3 041 3 009 2 453 1 157 1 375 653 3 924 3 624 3 222 686 716 491 3 470 4 213 3 444 815 898 874 Joel 2 079 2 044 1 411 1 663 1 616 1 308 416 428 103 1 372 1 306 1 244 235 231 225 1 733 1 947 1 556 401 435 434 Target 1 2 262 1 308 1 648 2 352 2 009 1 812 (90) (701) (164) 1 951 1 745 1 517 488 428 384 1 859 1 275 1 800 462 365 455 Kusasalethu 4 638 3 621 4 139 3 670 3 343 3 086 968 278 1 053 520 634 822 226 253 210 3 842 3 460 4 567 584 567 607 Masimong 2 137 2 053 1 733 1 852 1 724 1 504 285 329 229 — 16 17 44 47 49 1 780 1 961 1 910 473 470 486 Bambanani 2 — 18 1 286 — 16 1 163 — 2 123 — — — — — 25 — — 1 433 — — 176 Surface Mine Waste Solutions 4 016 2 689 2 642 2 047 1 809 1 588 1 969 880 1 054 3 546 2 060 1 027 1 463 932 264 3 770 2 804 2 899 22 655 23 067 23 443 All other surface operations 6 463 4 945 4 868 3 694 3 371 3 551 2 769 1 574 1 317 1 268 1 234 1 066 338 316 282 5 296 4 719 5 304 19 676 19 382 20 737 Total South Africa 52 089 43 080 38 583 34 143 31 505 30 074 17 946 11 575 8 509 27 731 24 643 21 451 6 786 5 861 4 943 43 477 41 281 42 529 47 959 48 289 50 572 International Hidden Valley 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total international 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total operations 58 270 47 520 41 742 36 390 33 541 32 196 21 880 13 979 9 546 33 301 30 409 25 592 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 Reconciliation of segment information to the consolidated income 3 109 1 755 903 2 533 1 325 903 576 430 — 27 159 26 831 21 216 — — — — — — — — — 61 379 49 275 42 645 38 923 34 866 33 099 22 456 14 409 9 546 60 460 57 240 46 808 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R71 million (2023: R41 million) (2022: R22 million). * Production statistics are unaudited. 1 Segment revenue consists of revenue from the sale of gold, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement. 2 The Bambanani operation closed during June 2022. The transactions in the prior year relate to the inventory at 30 June 2022.

Reconciliation of Segment Inf_2

Reconciliation of Segment Information to Consolidated Income Statements and Balance Sheets (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Disclosure of Operating Segments	Reconciliation of segment information to consolidated income statement and balance sheet SA Rand Figures in million 2024 2023 2022 Reconciliation of production profit to consolidated profit/(loss) Revenue per segment report 58 270 47 520 41 742 Revenue per income statement 61 379 49 275 42 645 Other metal sales treated as by-product credits in the segment report (2 533) (1 325) (903) Toll treatment services (576) (430) — Production costs per segment report (36 390) (33 541) (32 196) Production costs per income statement (38 923) (34 866) (33 099) Other metal sales treated as by-product credits in the segment report 2 533 1 325 903 Production profit per segment report 21 880 13 979 9 546 Revenue not included in segments 576 430 — Cost of sales items other than production costs (8 310) (4 669) (8 828) Amortisation and depreciation of mining assets (4 546) (3 355) (3 622) Amortisation and depreciation of assets other than mining assets (96) (99) (61) Rehabilitation expenditure (3) (32) (136) Care and maintenance cost of restructured shafts (246) (227) (273) Employment termination and restructuring costs (86) (597) (218) Share-based payments (171) (51) (143) Impairment of assets (2 793) — (4 433) Toll treatment costs (420) (323) — Other 51 15 58 Gross profit 14 146 9 740 718 Corporate, administration and other expenditure (1 294) (1 044) (984) Exploration expenditure (1 047) (506) (214) Gains/(losses) on derivatives 453 (194) 53 Foreign exchange translation gain/(loss) 97 (634) (327) Other operating expenses (679) (268) (1) Operating profit/(loss) 11 676 7 094 (755) Acquisition-related costs — (214) — Share of profit from associate 81 57 63 Investment income 809 663 352 Finance costs (796) (994) (718) Profit/(loss) before taxation 11 770 6 606 (1 058) 40 Reconciliation of segment information to consolidated income statement and balance sheet continued SA Rand Figures in million 2024 2023 2022 Reconciliation of total segment assets to consolidated assets Non-current assets Property, plant and equipment not allocated to a segment 8 047 11 098 7 280 Mining assets (a) 1 064 1 080 943 Undeveloped property (b) 4 475 7 384 4 004 Other non-mining assets 567 516 510 Assets under construction (c) 1 941 2 118 1 823 Intangible assets 19 33 48 Restricted cash and investments 6 494 6 121 5 555 Investments in associates 165 111 125 Deferred tax assets 140 189 203 Other non-current assets 344 332 374 Derivative financial assets 453 269 137 Current assets Inventories 3 603 3 265 2 818 Restricted cash and investments 39 41 27 Trade and other receivables 2 604 2 395 1 682 Derivative financial assets 558 110 519 Cash and cash equivalents 4 693 2 867 2 448 Total 27 159 26 831 21 216 (a) These balances relate to Wafi-Golpu assets and assets that provide services to several CGUs, such as Harmony One Plant. (b) Undeveloped properties comprise the Target North property, Eva Copper (refer to note 14) and Wafi-Golpu’s undeveloped properties. Refer to note 6 for details on the impairment of Target North. (c) Assets under construction consist of the Wafi-Golpu assets.

Revenue (Details)

Revenue (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	R 62,321	R 49,121	R 41,677
Consideration from streaming contract	323	338	471
Hedging gain/(loss)	(1,265)	(184)	497
Total revenue	61,379	49,275	42,645
Total Gold
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	59,212	47,366	40,774
Silver
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	1,667	1,021	663
Uranium
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	866	304	240
Commodities
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	61,745	48,691	41,677
toll treatments services
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	R 576	R 430	R 0

Revenue from contracts with cus

Revenue from contracts with customers (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) R / kg $ / Ounce $ / oz R / $ kg	Jun. 30, 2023 ZAR (R)	Jun. 30, 2023	Jun. 30, 2023 $ / oz	Jun. 30, 2023 kg	Jun. 30, 2023 R / $	Jun. 30, 2023 R / kg	Jun. 30, 2022 ZAR (R) R / kg R / $ kg
Disclosure of disaggregation of revenue from contracts with customers [line items]
Percentage Gold Price Change	10.60%		17%
Average gold price received	1,999			1,808
Percentage Gold Production Change	5.50%
production Of Gold Proved Reserves | kg	48,222				45,690
Average foreign exchange rate | R / $	18.70					17.76		15.21
Percentage Average Foreign Exchange Rate Assumption Change	5.30%
Average Gold Price Received, excluding Hedging | R / kg							1,036,682	883,453
Revenue | R	R 61,379	R 49,275						R 42,645
Percentage Silver Production Change	39%		38%
Production Of Silver Proved Reserves | kg	114,240				82,093			59,489
Percentage Silver Price Change	12.90%		10.70%
Average silver price received	24.72			21.89			12,505
Percentage Uranium Production Change	12.70%		41.60%
Production Of Uranium Proved Reserves | kg	267,667				237,438			167,696
Percentage Uranium Price Change	59.20%		29.50%
Average uranium price received | R / kg	3,121						1,960
Third Party Production | kg	2,840				2,392
Change in Toll Treatment services revenue Year On Year | R	R 116
Change in management fees revenue Year On Year | R	R 30
Average Spot Gold Price Received, including Hedging | R / kg	1,249,344						1,045,527
Average Gold Forward Price of Matured Contracts | R / kg	1,134,735						1,028,764
Bambanani
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue | R								R 1,286

Cost of Sales - Disclosure of c

Cost of Sales - Disclosure of cost of sales (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Production costs	R 38,923	R 34,866	R 33,099
Amortisation and depreciation of mining assets	4,546	3,355	3,622
Amortisation and depreciation of assets other than mining assets	96	99	61
Rehabilitation expenditure	3	32	136
Care and maintenance costs of restructured shafts	246	227	273
Employment termination and restructuring costs	86	597	218
Share-based payments	171	51	143
Impairment of assets	2,793	0	4,433
Toll treatment costs	420	323	0
Other	(51)	(15)	(58)
Total cost of sales	R 47,233	R 39,535	R 41,927

Cost of Sales - Narrative (Deta

Cost of Sales - Narrative (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure Of Cost Of Sales [Line Items]
Change in production costs	R 4,057	R 1,767
Percentage production cost increase	12%	5%
Stripping Activities	R 892	R 1,514	R 1,096
Rehabilitation spend	92	90	65
Hidden Valley
Disclosure Of Cost Of Sales [Line Items]
Stripping Activities		R 408
Bambanani
Disclosure Of Cost Of Sales [Line Items]
Increase (Decrease) in depreciation			R 84
Kalgold and Hidden Valley
Disclosure Of Cost Of Sales [Line Items]
Increase (Decrease) in depreciation	R 535

Cost of Sales - Disclosure of p

Cost of Sales - Disclosure of production costs (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Labour costs, including contractors	R 21,333	R 19,760	R 19,350
Consumables	10,101	9,982	8,581
Water and electricity	7,633	6,342	6,009
Insurance	293	551	230
Transportation	517	281	185
Change in inventory	(487)	(11)	21
Capitalisation of mine development costs	(2,315)	(2,349)	(2,576)
Stripping activities	(892)	(1,514)	(1,096)
Royalty expense - regulatory	1,277	652	360
Other	1,463	1,172	2,035
Production costs	R 38,923	R 34,866	R 33,099

Cost of Sales - Disclosure of i

Cost of Sales - Disclosure of impairment of assets (Details) oz in Millions, R in Millions

12 Months Ended

Jun. 30, 2024 ZAR (R) oz

Jun. 30, 2023 ZAR (R) $ / oz

Jun. 30, 2022 ZAR (R)

Jun. 30, 2024 $ / oz

Jun. 30, 2024 R / $

Jun. 30, 2024 R / kg

Jun. 30, 2023 R / $

Jun. 30, 2023 R / kg

Jun. 30, 2022

Jun. 30, 2022 $ / oz

Jun. 30, 2022 R / $

Jun. 30, 2022 R / kg

Dec. 31, 2021 ZAR (R)

Dec. 31, 2021

Dec. 31, 2021 $ / oz

Dec. 31, 2021 R / $

Dec. 31, 2021 R / kg

Jun. 30, 2021

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

R 2,793

R 0

R 4,433

– 12 months

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Closing Price Of Gold Assumption

1,932

2,258

1,335,000

1,135,000

1,861

931,000

1,782

880,000

Exchange rate (R/USD) | R / $

18.39

18.28

15.55

15.36

Tshepong North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

0

R 0

2,296

Recoverable amount

1,938

Discount rate applied to cash flow projections

11.67%

10.11%

Tshepong South

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

0

0

1,326

Recoverable amount

1,645

Discount rate applied to cash flow projections

11.67%

10.11%

Moab Khotsong

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

0

0

522

Recoverable amount

3,748

Discount rate applied to cash flow projections

10.44%

9.35%

Kusasalethu

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

0

0

145

Recoverable amount

806

Bambanani

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

0

0

144

Recoverable amount

0

R 36

Discount rate applied to cash flow projections

12.59%

Tshepong OLOM

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Discount rate applied to cash flow projections

13.75%

12.02%

Target North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Impairment of assets

2,793

R 0

0

Recoverable amount

R 888

Total Mineral resource estimation before exploration drilling program | oz

56.4

Total Indicated Mineral resource estimation before exploration drilling program | oz

22

Total Inferred Mineral resource estimation before exploration drilling program | oz

34.4

Total Inferred mineral resource estimation after drilling progam | oz

13.8

Life-of-mine plan | Tshepong North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

1,088

Life-of-mine plan | Tshepong South

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

1,645

Life-of-mine plan | Moab Khotsong

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

3,748

Life-of-mine plan | Kusasalethu

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

806

Life-of-mine plan | Bambanani

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

0

Life-of-mine plan | Target North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

R 0

Resource base | Tshepong North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

850

Resource base | Tshepong South

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

0

Resource base | Moab Khotsong

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

0

Resource base | Kusasalethu

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

0

Resource base | Bambanani

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

R 0

Resource base | Target North

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]

Recoverable amount

R 888

Corporate, Administration and_3

Corporate, Administration and Other Expenditure (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of attribution of expenses by nature to their function [line items]
Professional and legal fees	R 92	R 87	R 61
Compliance and assurance cost	75	63	62
Corporate business development	38	20	39
Corporate office expenditure	1,007	847	797
Other corporate and administration expenses	82	27	25
Total corporate, administration and other expenditure	R 1,294	R 1,044	R 984

Foreign Exchange Translation _3

Foreign Exchange Translation Gain/(Loss) (Details) R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) R / $	Jun. 30, 2023 ZAR (R) R / $	Jun. 30, 2023 USD ($) R / $	Jun. 30, 2022 ZAR (R) R / $	Jun. 30, 2024 papuaNewGuineanKinaPerAustralianDollar	Jun. 30, 2024 ZAR_per_AUD	Jun. 30, 2024 southAfricanRandPerUSDollar	Jun. 30, 2023 papuaNewGuineanKinaPerAustralianDollar	Jun. 30, 2023 ZAR_per_AUD	Jun. 30, 2022 ZAR_per_AUD
Disclosure of attribution of expenses by nature to their function [line items]
Effect Of Exchange Rate Changes On Borrowings	R 83	R (820)		R (411)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents and Other items	14	186		84
Foreign exchange translation gain/(loss)	R 97	R (634)		R (327)
Closing rate	18.19	18.83	18.83	16.27	2.57	12.14	18.19	2.38	12.56	11.25
US$400 million facility - Sustainability Linked
Disclosure of attribution of expenses by nature to their function [line items]
Effect Of Exchange Rate Changes On Borrowings	R (83)	R 819
Draw down	R 0	2,919
Eva Copper operations and related assets | US$400 million facility - Sustainability Linked
Disclosure of attribution of expenses by nature to their function [line items]
Draw down		R 2,919	$ 170

Other Operating Expenses (Detai

Other Operating Expenses (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Social investment expenditure	R 185	R 208	R 145
Loss on scrapping of property, plant and equipment	97	182	7
Silicosis settlement provision	(174)	(183)	23
Loss allowance	35	4	22
Remeasurement of contingent consideration	484	64	(61)
Income from third party toll treatment fee before reclassification	0	0	(25)
Other (income)/expense – net	52	(7)	(110)
Total other operating expenses	679	R 268	1
Disclosure of attribution of expenses by nature to their function [table]
Pumping expense	32
Income from reimbursements under insurance policies			83
Gains on disposals of property, plant and equipment	R 13		R 24

Investment Income (Details)

Investment Income (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Interest income from financial assets measured at amortised cost	R 690	R 425	R 276
Dividend income	15	19	24
Net gain on financial instruments	104	219	52
Investment income	809	663	352
Disclosure of nature of investment income [Line Items]
Investment income	809	R 663	R 352
Equity-linked Deposits
Disclosure of nature of investment income [Line Items]
Increase (decrease) in fair value measurement, assets	R 89

Finance Costs (Details)

Finance Costs (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Financial liabilities
Borrowings	R 426	R 467	R 238
Other creditors and liabilities	35	29	22
Total finance costs from financial liabilities	461	496	260
Non-financial liabilities
Streaming arrangements	18	41	67
Finance Costs, Non-Financial Liabilities	572	621	523
Disclosure of attribution of expenses by nature to their function [line items]
Total finance costs before interest capitalised	1,033	1,117	783
Interest capitalised (b)	(237)	(123)	(65)
Total finance costs	R 796	R 994	R 718
Capitalisation rate	8.20%	9.20%	6.80%
Other Provisions
Non-financial liabilities
Expense due to unwinding of discount on provisions	R 68	R 97	R 79
Provision for environmental rehabilitation
Non-financial liabilities
Expense due to unwinding of discount on provisions	R 486	R 483	R 377

Taxation - Disclosure of Taxati

Taxation - Disclosure of Taxation (Expense)/Credit (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Major components of tax (expense) income
Prior year tax	R 0	R 0	R 10
Total taxation (expense)/credit	(3,082)	(1,723)	R 46
Deferred tax assets	R 140	R 189
Assessed loss limitation	80%	80%
Mponeng [Member]
Major components of tax (expense) income
Deferred Tax Rate	8.10%	17.70%	12.80%
Freegold
Major components of tax (expense) income
Deferred Tax Rate	12.60%	11.40%	7%
Moab Khotsong
Major components of tax (expense) income
Deferred Tax Rate	19%	16.70%	14.70%
Randfontein
Major components of tax (expense) income
Deferred Tax Rate	12.30%	10.50%	8.70%
Kalgold
Major components of tax (expense) income
Deferred Tax Rate	21.50%	17.10%	18.70%
Chemwes Proprietary Limited
Major components of tax (expense) income
Deferred Tax Rate	18.10%	11%	12.50%
Temporary Differences Excluding Hedge Accounted Derivatives [Member] | Mponeng [Member]
Major components of tax (expense) income
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes	R (379)	R 144	R 37
Temporary Differences Excluding Hedge Accounted Derivatives [Member] | Other legal entities
Major components of tax (expense) income
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes	239	444	(423)
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member]
Major components of tax (expense) income
Deferred tax expense (income) relating to origination and reversal of temporary differences	74	169	86
Deferred tax assets	2,623	3,761
Unused tax losses [member]
Major components of tax (expense) income
Deferred tax assets	1,922	1,925
Property, plant and equipment [member]
Major components of tax (expense) income
Deferred tax expense (income) relating to origination and reversal of temporary differences	510	377	101
Assessed Loss Related To Temporary Differences, Deferred Tax
Major components of tax (expense) income
Deferred tax expense (income) relating to origination and reversal of temporary differences	120	9	8
South Africa
Major components of tax (expense) income
Deferred tax (expense) income	(666)	(1,080)	353
Deferred tax - current year	R (666)	R (1,080)	R 353
Revenue exempt from taxation (as a percent)	5%	5%	5%
Australian entities and PNG operation
Major components of tax (expense) income
Applicable taxation rate	30%	30%	30%
Mining Products | Parent [member]
Major components of tax (expense) income
Current year tax	R (144)	R 0	R 0
Mining Products | Mponeng [Member]
Major components of tax (expense) income
Current year tax	(1,129)	(272)	0
Mining Products | Freegold
Major components of tax (expense) income
Current year tax	(235)	0	0
Mining Products | Moab Khotsong
Major components of tax (expense) income
Current year tax	(539)	(263)	(130)
Mining Products | South Africa
Major components of tax (expense) income
Current tax (expense) credit and adjustments of prior periods	(2,309)	(631)	(182)
Current year tax	(2,313)	(633)	(194)
Prior year tax	R 4	R 2	R 12
Applicable taxation rate	33%	33%	34%
Non-Mining Services | South Africa
Major components of tax (expense) income
Current tax (expense) credit and adjustments of prior periods	R (107)	R (12)	R (125)
Current year tax	(107)	(6)	(121)
Prior year tax	R 0	R (6)	R (4)
Applicable taxation rate	27%	27%	28%

Taxation - Disclosure of Major

Taxation - Disclosure of Major Items Causing the Income Tax Provision to Differ from the South African Mining Statutory Tax Rate (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]
Tax (expense)/credit on net profit/loss at the mining statutory tax rate	R (3,884)	R (2,180)	R 360
Non-allowable deductions and non-taxable items	(510)	(314)	(328)
Equity-settled share-based payments	(82)	(32)	(49)
Impairment of goodwill	0	0	(114)
Exploration expenditure	(242)	(25)	(79)
Finance costs	(138)	(145)	(52)
Other	(48)	(112)	(34)
Movement in temporary differences related to property, plant and equipment (a)	(1,596)	(333)	(1,447)
Movements in other temporary differences	699	80	(174)
Difference between effective mining tax rate and statutory mining rate on mining income	650	303	125
Difference between non-mining tax rate and statutory mining rate on non-mining income	23	1	26
Effect on temporary differences due to changes in effective tax rates	87	(588)	386
Prior year tax	0	0	10
Capital allowances	1,183	1,059	973
Deferred tax asset not recognised	266	249	115
Total taxation (expense)/credit	R (3,082)	R (1,723)	R 46
Effective income and mining tax rate (%)	26%	26%	4%
Avgold
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]
Effective Tax Rate	0%	0%	0%
Mining Products | SA taxation
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]
Mining statutory tax rate	33%	33%	34%
Prior year tax	R 4	R 2	R 12

Taxation - Analysis of Deferred

Taxation - Analysis of Deferred Tax Assets and Liabilities (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	R (140)	R (189)
Deferred tax liabilities	2,951	2,294
Net deferred tax liability	R 2,811	R 2,105
Parent Company
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	26.40%	26.40%	25.10%
Freegold
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	12.60%	11.40%	7%
Randfontein
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	12.30%	10.50%	8.70%
Kalgold
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	21.50%	17.10%	18.70%
Moab Khotsong
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	19%	16.70%	14.70%
Mponeng [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	8.10%	17.70%	12.80%
Chemwes Proprietary Limited
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Rate	18.10%	11%	12.50%
Deferred tax assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	R (1,080)	R (1,261)
Deferred tax asset to be recovered after more than 12 months
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(844)	(983)
Deferred tax asset to be recovered within 12 months
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(236)	(278)
Deferred tax liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	3,891	3,366
Deferred tax liability to be recovered after more than 12 months
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	3,488	2,971
Deferred tax liability to be recovered within 12 months
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	403	395
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(2,623)	(3,761)
Deferred tax expense (income) relating to origination and reversal of temporary differences	74	169	R 86
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member] | Hidden Valley
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(2,374)	(3,512)
Unused tax losses [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	R (1,922)	R (1,925)

Taxation - Disclosure of Deferr

Taxation - Disclosure of Deferred Tax Liabilities and Assets on the Balance Sheet (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Gross deferred tax liabilities	R 2,951	R 2,294
Deferred tax assets	(140)	(189)
Deferred tax liability (asset)	2,811	2,105	R 1,383
Net deferred tax liability	2,811	2,105
Gross deferred tax liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Gross deferred tax liabilities	3,891	3,366
Amortisation And Depreciation Of Deferred Tax [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Gross deferred tax liabilities	3,778	3,266
Derivative Financial Instruments
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Gross deferred tax liabilities	61	48
Deferred tax assets	(350)	(272)
Other temporary differences [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Gross deferred tax liabilities	52	52
Gross deferred tax assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(1,080)	(1,261)
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(2,623)	(3,761)
Deferred tax expense (income) relating to origination and reversal of temporary differences	74	169	86
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member] | Hidden Valley
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(2,374)	(3,512)
Provisions, including non-current provisions
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(1,227)	(1,220)
Contingent consideration liability
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(154)	(63)
Streaming contract liability
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(15)	(43)
Unused tax losses [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(1,922)	(1,925)
Unused tax losses [member] | Australian entities and PNG operation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(1,888)	(1,816)
Deferred tax asset not recognised
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred Tax Assets, amount not recognised	5,214	6,025
Other deferred tax assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	(3)	(2)
Assessed Loss Related To Temporary Differences, Deferred Tax
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax expense (income) relating to origination and reversal of temporary differences	R 120	R 9	R 8

Taxation - Disclosure of Moveme

Taxation - Disclosure of Movement in Net Deferred Tax Liabiilty (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of changes in deferred tax liability (asset)
Balance at beginning of year	R 2,105	R 1,383
Expense per income statement	666	1,080
Tax expense/(credit) directly charged to other comprehensive income1	40	(358)
Balance at end of year	2,811	2,105
Deferred tax assets	(140)	(189)
Deferred tax liabilities	2,951	2,294
Unredeemed Capital Expenditures Related To Temporary Differences, Deferred Tax [Member]
Reconciliation of changes in deferred tax liability (asset)
Deferred tax assets	R (2,623)	R (3,761)

Taxation - Disclosure of Potent

Taxation - Disclosure of Potential Future Tax Deductions (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Amount of deferred tax not recognised, deductible temporary differences	R 19,140	R 18,004
Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	51,988	49,478
Deductible temporary differences for which no deferred tax asset is recognised	51,018	47,968
Tax losses carried forward utilisable against mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	9,296	9,620
Deductible temporary differences for which no deferred tax asset is recognised	9,231	8,848
Capital Gains Tax (CGT) losses available to be utilised against future CGT gains
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	570	570
Deductible temporary differences for which no deferred tax asset is recognised	570	570
Avgold | Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(34,368)	(30,538)
Avgold | Tax losses carried forward utilisable against mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(2,851)	(2,772)
Randfontein | Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(12)	(327)
Randfontein | Tax losses carried forward utilisable against mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions		(543)
Mponeng [Member] | Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(135)	(145)
Mine Waste Solutions | Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(635)	(748)
Hidden Valley | Unredeemed capital expenditure available for utilisation against future mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	(16,650)	(17,430)
Hidden Valley | Tax losses carried forward utilisable against mining taxable income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Potential future tax deductions	R (6,293)	R (6,053)

Taxation - Dividend Tax (Detail

Taxation - Dividend Tax (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Taxes [Abstract]
Withholding tax	20%	20%	20%

Earnings_(Loss) Per Share - Dis

Earnings/(Loss) Per Share - Disclosure of Basic Earnings/(Loss) Per Share (Details) - ZAR (R) R / shares in Units, R in Millions									12 Months Ended
	Oct. 14, 2024	Sep. 17, 2024	Apr. 15, 2024	Oct. 16, 2023	Aug. 15, 2023	Oct. 17, 2022	Aug. 11, 2022	Apr. 11, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings per share [abstract]
Ordinary shares in issue (in shares)									632,634,000	618,072,000	616,526,000
Adjustment for weighted number of ordinary shares in issue (in shares)									(7,930,000)	(428,000)	(121,000)
Weighted number of ordinary shares in issue (in shares)									624,704,000	617,644,000	616,405,000
Treasury shares (in shares)									(5,267,000)	(47,000)	(3,950,000)
Basic weighted average number of ordinary shares in issue (in shares)									619,437,000	617,597,000	612,455,000
Owners of the parent									R 8,587	R 4,820	R (1,052)
Total basic earnings/(loss) per share (in rand per share)									R 13.86	R 7.80	R (1.72)
Disclosure of depositary receipts [line items]
Dividend declared	R 596		R 930	R 464		R 136		R 247	R 1,394	R 136	R 414
Dividends per share, ordinary shares	R 0.94		R 1.47	R 0.75		R 0.22		R 0.40	R 2.22	R 0.22	R 0.67
Dividends paid to non-controlling interests									R 43	R 18	R 16
Treasury shares (in shares)									(5,267,000)	(47,000)	(3,950,000)
Dividends paid, other shares		R 15			R 9		R 9
Sisonke ESOP
Earnings per share [abstract]
Treasury shares (in shares)											3,902,418
Disclosure of depositary receipts [line items]
Treasury shares (in shares)											3,902,418

Earnings_(Loss) Per Share - D_2

Earnings/(Loss) Per Share - Disclosure of Diluted Earnings/(Loss) Per Share (Details) - R / shares shares in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings per share [abstract]
Weighted average number of ordinary shares in issue (in shares)	619,437	617,597	612,455
Potential ordinary shares (in shares)	10,256	2,877	2,159
Weighted average number of ordinary shares for diluted earnings per share (in shares)	629,693	620,474	614,614
Total diluted earnings/(loss) per share (in rand per share)	R 13.64	R 7.77	R (1.72)

Earnings_(Loss) Per Share - D_3

Earnings/(Loss) Per Share - Disclosure of Dividends Declared (Details) - ZAR (R) R / shares in Units, R in Millions

12 Months Ended

Oct. 14, 2024

Sep. 17, 2024

Sep. 04, 2024

Apr. 15, 2024

Oct. 16, 2023

Aug. 15, 2023

Oct. 17, 2022

Aug. 29, 2022

Aug. 11, 2022

Apr. 11, 2022

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2022

Earnings per share [abstract]

Dividends per share, ordinary shares

R 0.94

R 1.47

R 0.75

R 0.22

R 0.40

R 2.22

R 0.22

R 0.67

Dividend declared

R 596

R 930

R 464

R 136

R 247

R 1,394

R 136

R 414

Dividends recognised as distributions to owners per share

R 0.94

R 0.22

Dividends paid to non-controlling interests

R 43

R 18

R 16

Disclosure of depositary receipts [line items]

Dividends per share, ordinary shares

R 0.94

R 1.47

R 0.75

R 0.22

R 0.40

R 2.22

R 0.22

R 0.67

Dividends recognised as distributions to owners per share

R 0.94

R 0.22

Dividends paid, other shares

R 15

R 9

R 9

Acquisitions and Business Com_3

Acquisitions and Business Combinations - Narrative (Details) R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) $ / lb	Jun. 30, 2023 ZAR (R) $ / lb	Jun. 30, 2022 ZAR (R) $ / lb	Dec. 16, 2022 ZAR (R) $ / lb australianDollarPerUSDollar	Dec. 16, 2022 USD ($) $ / lb australianDollarPerUSDollar	Oct. 06, 2022 USD ($)	Oct. 01, 2020 ZAR (R)
Disclosure of detailed information about business combination [line items]
Acquisition related costs	R 0	R 214	R 0
Corporate business development	R 38	R 20	R 39
Closing Price Of Copper Assumption | $ / lb	4	3.50	3.30
Australian entities and PNG operation
Disclosure of detailed information about business combination [line items]
Applicable taxation rate	30%	30%	30%
Mponeng operations and related assets
Disclosure of detailed information about business combination [line items]
Contingent consideration recognised as of acquisition date							R 544
Discount rate applied to cash flow projections	10.50%	9.60%	10.20%				10.60%
Eva Copper operations and related assets
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in subsidiary	100%	100%
Cash consideration paid				R 2,996	$ 170
Contingent consideration recognised as of acquisition date				R 169
Discount rate applied to cash flow projections				12.90%	12.90%
Acquisition related costs		R 214
Closing Price Of Copper Assumption | $ / lb				3.5	3.5
Deferred tax asset not recognised as of Acquisition Date				R 224
Average Foreign Exchange Rate Assumption used for Eva Copper Project | australianDollarPerUSDollar				1.4	1.4
Eva Copper operations and related assets | Nominal discount rate
Disclosure of detailed information about business combination [line items]
Discount rate applied to cash flow projections				12.90%	12.90%
Eva Copper operations and related assets | Cap
Disclosure of detailed information about business combination [line items]
Contingent Consideration Payable via 10% of net incremental revenue above US$3.80/Ib Cu | $						$ 30
Contingent Consideration Payable on New Copper Using US$0.03/Ib Cu | $						$ 30
Discount rate applied to cash flow projections				10.70%	10.70%
Eva Copper operations and related assets | Floor
Disclosure of detailed information about business combination [line items]
Discount rate applied to cash flow projections				10.70%	10.70%

Acquisitions and Business Com_4

Acquisitions and Business Combinations - Fair Value of Assets Acquired and Liabilities Assumed (Details) - Eva Copper operations and related assets R in Millions	Dec. 16, 2022 ZAR (R)
Provisional fair value
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	R 3,785
Restricted cash and investments as of acquisition date	4
Trade and other receivables	12
Deferred tax liabilities recognised as of acquisition date	636
Identifiable assets acquired (liabilities assumed)	3,165
Measurement period adjustment
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	(631)
Restricted cash and investments as of acquisition date	0
Trade and other receivables	(5)
Deferred tax liabilities recognised as of acquisition date	(636)
Identifiable assets acquired (liabilities assumed)	0
Final fair value
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	3,154
Restricted cash and investments as of acquisition date	4
Trade and other receivables	7
Deferred tax liabilities recognised as of acquisition date	0
Identifiable assets acquired (liabilities assumed)	R 3,165

Property, Plant and Equipment -

Property, Plant and Equipment - Disclosure of Property, Plant and Equipment (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Mining assets
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	R 28,884	R 28,618
Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	7,502	5,051
Undeveloped properties
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	4,475	7,385
Other non-mining assets
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	R 487	R 453

Property, Plant and Equipment_2

Property, Plant and Equipment - Mining assets (Narrative) (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Life-of-mine plans (term)	5 years
Doornkop | Mining assets
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate applied to cash flow projections	10.69%
Target 1 | Mining assets
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate applied to cash flow projections	12.15%
Hidden Valley | Mining assets
Disclosure of detailed information about property, plant and equipment [line items]
Transferred to mining assets	R 761	R 539
Bottom of range | South African operations
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate applied to cash flow projections		11.69%	10.20%
Top of range | South African operations
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate applied to cash flow projections		13.15%	13.10%

Property, Plant and Equipment_3

Property, Plant and Equipment - Disclosure of Gold Price, Silver Price, Copper price and Exchange Rates Assumptions (Details)	Jun. 30, 2024 $ / oz	Jun. 30, 2024 R / $	Jun. 30, 2024 R / kg	Jun. 30, 2024 $ / lb	Jun. 30, 2023 $ / oz	Jun. 30, 2023 R / $	Jun. 30, 2023 R / kg	Jun. 30, 2023 $ / lb	Jun. 30, 2022 $ / oz	Jun. 30, 2022 R / $	Jun. 30, 2022 R / kg	Jun. 30, 2022 $ / lb	Jun. 30, 2022 K / $	Dec. 31, 2021 $ / oz	Dec. 31, 2021 R / $	Dec. 31, 2021 R / kg
Disclosure Of Commodity Prices And Exchange Rate Assumptions [Line Items]
Closing Price Of Copper Assumption | $ / lb				4				3.50				3.30
Average Foreign Exchange Rate assumption PGK/US$ | K / $													3.50
Year 1
Disclosure Of Commodity Prices And Exchange Rate Assumptions [Line Items]
Gold price (in USD per oz and R/kg)	2,258		1,335,000		1,932		1,135,000		1,861		931,000			1,782		880,000
Silver price (in USD per oz) | $ / oz									23.85
Exchange rate (R/USD) | R / $		18.39				18.28				15.55					15.36
Year 2
Disclosure Of Commodity Prices And Exchange Rate Assumptions [Line Items]
Gold price (in USD per oz and R/kg)	2,173		1,255,000		1,844		1,034,000		1,744		860,000
Silver price (in USD per oz) | $ / oz									22.42
Exchange rate (R/USD) | R / $		17.96				17.44				15.34
Due between two to three years5
Disclosure Of Commodity Prices And Exchange Rate Assumptions [Line Items]
Gold price (in USD per oz and R/kg)	2,049		1,209,000		1,725		950,000		1,664		816,000
Silver price (in USD per oz) | $ / oz									21.46
Exchange rate (R/USD) | R / $		18.36				17.13				15.26
Long term year four onwards
Disclosure Of Commodity Prices And Exchange Rate Assumptions [Line Items]
Gold price (in USD per oz and R/kg)	1,772		1,040,000		1,582		825,000		1,546		763,000
Silver price (in USD per oz) | $ / oz									19.38
Exchange rate (R/USD) | R / $		18.26				16.22				15.35

Property, Plant and Equipment_4

Property, Plant and Equipment - Disclosure of Gold Resource Value Assumptions (Details) - $ / oz	Jun. 30, 2024	Jun. 30, 2022
South Africa | Surface resources
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Measured		30
Indicated		17.50
Inferred		8
South Africa | Underground resources
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Measured	16.50	16.50
Indicated	9	9
Inferred	3.60	3.60
Hidden Valley | Surface resources
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Indicated		9

Property, Plant and Equipment_5

Property, Plant and Equipment - Disclosure of Sensitivity Analysis - Impairment of Assets (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Property, plant and equipment [abstract]
Percentage increase resulting in additional impairment	11.90%	11.80%
Percentage decrease resulting in additional impairment	11.90%	11.80%
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Percentage decrease resulting in additional impairment	11.90%	11.80%
Percentage increase resulting in additional impairment	11.90%	11.80%
Doornkop [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment 11.9% decrease	R 2,623
Target 1
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment 11.9% decrease	450	R 1,719
Kusasalethu
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment 11.9% decrease		0
Kalgold
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment 11.9% decrease		R 475
Target North
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment 11.9% decrease	2,898
Impairment 11.9% increase	R 2,688

Property, Plant and Equipment_6

Property, Plant and Equipment - Disclosure of Movement in Property, Plant and Equipment (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Mining assets
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	R 28,618
Property, plant and equipment	28,884	R 28,618
Mining assets | Cost
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	76,774	70,587
Fully depreciated assets no longer in use derecognised	(586)	(1,419)
Additions	5,426	5,930
Scrapping of assets	(622)	(772)
Adjustment to rehabilitation asset	(531)	(111)
Transfers and other movements	749	596
Translation	(2,111)	1,963
Property, plant and equipment	79,099	76,774
Mining assets | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	(48,156)	(45,267)
Fully depreciated assets no longer in use derecognised	586	1,419
Scrapping of assets	525	590
Depreciation	(4,546)	(3,368)
Translation	1,376	(1,530)
Property, plant and equipment	(50,215)	(48,156)
Mining assets under construction
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	5,051
Property, plant and equipment	7,502	5,051
Mining assets under construction | Cost
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	5,721	3,802
Additions	3,247	2,053
Interest costs capitalised	237	123
Transfers and other movements	(770)	(539)
Translation	(263)	282
Property, plant and equipment	8,172	5,721
Mining assets under construction | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	(670)	(670)
Property, plant and equipment	(670)	(670)
Undeveloped properties
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	7,385
Property, plant and equipment	4,475	7,385
Undeveloped properties | Cost
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	8,861	5,478
Increase Decrease Through Transfers and Other Changes Undeveloped Properties	9	0
Translation	(127)	229
Property, plant and equipment	8,743	8,861
Undeveloped properties | Cost | Eva Copper operations and related assets
Reconciliation of changes in property, plant and equipment
Acquisitions through business combinations, property, plant and equipment	0	3,154
Undeveloped properties | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	(1,476)	(1,474)
Translation	1	(2)
Property, plant and equipment	(4,268)	(1,476)
Impairment of assets	(2,793)	0
Other non-mining assets
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	453
Property, plant and equipment	487	453
Other non-mining assets | Cost
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	1,000	895
Fully depreciated assets no longer in use derecognised	0	(7)
Additions	117	108
Translation	(1)	4
Property, plant and equipment	1,116	1,000
Other non-mining assets | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment
Balance at beginning of year	(547)	(479)
Fully depreciated assets no longer in use derecognised	0	7
Depreciation	(82)	(74)
Translation	0	(1)
Property, plant and equipment	(629)	(547)
Hidden Valley | Mining assets
Reconciliation of changes in property, plant and equipment
Stripping activities	676	1,330
Depreciation expense, capitalised stripping costs	823	514
Hidden Valley | Mining assets | Cost
Reconciliation of changes in property, plant and equipment
Depreciation capitalised	84	188
Kalgold | Mining assets
Reconciliation of changes in property, plant and equipment
Stripping activities	216	184
Depreciation expense, capitalised stripping costs	R 130	R 41

Property, Plant and Equipment_7

Property, Plant and Equipment - Other non-mining assets (Narrative) (Details)	12 Months Ended
	Jun. 30, 2024
Vehicles
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate, property, plant and equipment	20%
Computer equipment
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate, property, plant and equipment	33.30%

Property, Plant and Equipment M

Property, Plant and Equipment Mining Assets Under Construction (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Additions	R 8,327	R 7,598	R 6,192
Gross | Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Additions	3,247	2,053
Hidden Valley | Gross | Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Additions	865	582
Moab Khotsong | Gross | Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Additions	794	537
Doornkop | Gross | Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Additions	251	304
Mine waste solutions Kareerand TSF Expansion Project | Gross | Mining assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Additions	960	462
Wafi-Golpu Joint Operation
Disclosure of detailed information about property, plant and equipment [line items]
Exploration Expenditure Expensed	R 37	R 48

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about intangible assets [line items]
Intangible assets and goodwill	R 19	R 33

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Changes in Goodwill (Details) R in Millions	Jun. 30, 2024 ZAR (R)
Reconciliation of changes in intangible assets and goodwill
Balance at beginning of year	R 33
Balance at end of year	R 19

Restricted Cash and Investmen_3

Restricted Cash and Investments (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Total Restricted cash and investments [Abstract]
Restricted cash	R 489	R 475
Restricted investments	6,044	5,687
Restricted cash and investments	6,533	6,162
Restricted cash and investments	39	41
Restricted cash and investments	R 6,494	R 6,121

Restricted Cash (Details)

Restricted Cash (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Total Restricted cash and investments [Abstract]
Restricted cash	R 489	R 475
Restricted Cash [line items]
Non-current restricted cash and cash equivalents	450	434
Current restricted cash and cash equivalents	39	41
Environmental Guarantees And Rehabilitation
Total Restricted cash and investments [Abstract]
Restricted cash	217	183
Silicosis Settlement
Total Restricted cash and investments [Abstract]
Restricted cash	205	225
PNG Operations
Total Restricted cash and investments [Abstract]
Restricted cash	45	45
Other Restricted Cash
Total Restricted cash and investments [Abstract]
Restricted cash	R 22	R 22

Restricted Investments - Disclo

Restricted Investments - Disclosure of Restricted Investments (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of financial assets [line items]
Restricted investments	R 6,044	R 5,687
Total environmental trust funds
Disclosure of financial assets [line items]
Restricted investments	6,030	5,673	R 5,244
Investments held by social trust funds
Disclosure of financial assets [line items]
Restricted investments	R 14	R 14

Restricted Investments - Disc_2

Restricted Investments - Disclosure of Environmental Trust Funds (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of financial assets [line items]
Restricted investments	R 6,044	R 5,687
Fixed deposits
Disclosure of financial assets [line items]
Restricted investments	3,665	3,385
Cash equivalents
Disclosure of financial assets [line items]
Restricted investments	74	58
Equity-linked deposits
Disclosure of financial assets [line items]
Restricted investments	1,494	1,493
Government bonds
Disclosure of financial assets [line items]
Restricted investments	401	234
Equity investments
Disclosure of financial assets [line items]
Restricted investments	335	305
Collective investment scheme (unit trusts)
Disclosure of financial assets [line items]
Restricted investments	61	198
Total environmental trust funds
Disclosure of financial assets [line items]
Restricted investments	R 6,030	R 5,673	R 5,244

Restricted Investments - Reconc

Restricted Investments - Reconciliation of Movement in Investments Held by Environmental Trust Funds (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of financial assets [line items]
Restricted investments	R 6,044	R 5,687
Fair value gain through profit and loss	104	219	R 52
Total environmental trust funds
Disclosure of financial assets [line items]
Restricted investments	6,030	5,673	5,244
Interest income	329	258	R 185
Fair value gain through profit and loss	95	184
Dividend received	15	13
Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax	18	30
Acquisition/(maturity) of Equity-linked deposits	(96)	229
Acquisition/(maturity) of Fixed deposits	(5)	154
Acquisition/(maturity) of Collective investment schemes (unit trusts)	(138)	141
Acquisition/(maturity) of Government bonds	145	0
Net transfer of cash equivalents	93	(524)
Withdrawal of funds for rehabilitation work performed	(99)	(56)
Collective investment scheme (unit trusts)
Disclosure of financial assets [line items]
Restricted investments	R 61	R 198

Other Non-Current Assets - Sche

Other Non-Current Assets - Schedule of Other Non-Current Assets (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2021	Jun. 30, 2023
Disclosure of financial assets [line items]
Debt instruments	R 76		R 116
Loans to associates	116		116
Other loans	8		15
Equity instruments	88		78
Inventories	180		138
Final gold in lock-up	180		138
Total other non-current assets	344		332
ARM BBEE Trust
Disclosure of financial assets [line items]
Non-current financial assets at fair value through profit or loss	R 68		101
Settlement of loan		R 264
Refinanced loan advances		R 264
ARM
Disclosure of financial assets [line items]
Ownership interest (as a percent)	12.04%
Pamodzi
Disclosure of financial assets [line items]
Loans to associates	R 116		116
Rand Mutual Assurance
Disclosure of financial assets [line items]
Equity instruments	78		69
Other investments
Disclosure of financial assets [line items]
Equity instruments	10		9
Debt instrument
Disclosure of financial assets [line items]
Loss allowance	R (116)		R (116)

Other Non-Current Assets - Disc

Other Non-Current Assets - Disclosure of movement in ARM BBEE Trust Loan (Details) - ARM BBEE Trust - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2021
Disclosure of financial assets [line items]
Non-current financial assets at fair value through profit or loss	R 101
Repayments Of Loans	42	R 74
Settlement of loan			R 264
Refinanced loan advances			R 264
Non-current financial assets at fair value through profit or loss	R 68	R 101

Derivative Financial Instrume_3

Derivative Financial Instruments - Disclosure of Derivative Financial Assets and Liabilities (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R)	Jun. 30, 2023 ZAR (R)	Jun. 30, 2022 ZAR (R)
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	R 1,011	R 379
Non-current	453	269
Current	558	110
Derivative financial liabilities	(2,111)	(1,531)
Non-current	(609)	(470)
Current	(1,502)	(1,061)
Net derivative financial instruments	(1,100)	(1,152)
Unrealised gains/(losses) included in other reserves, net of tax	(1,389)	(753)	R 480
Realised losses included in revenue	(1,265)	(184)	497
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	(1,734)	(1,782)	(242)
Gains/(losses) on derivatives	572	(124)	98
Day one gain/(loss) amortisation	(119)	(70)	(45)
Total gains/(losses) on derivatives	453	(194)	53
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	(1,734)	(1,782)
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	1,734	1,782
Reserve Of Cash Flow Hedges and Change in Value of Time Value	R (1,252)	(753)	480
– 12 months
Hedge effectiveness
New board approved hedging limit	0.30
Between one to two years
Hedge effectiveness
New board approved hedging limit	0.20
Due between two to three years5
Hedge effectiveness
New board approved hedging limit	0.10
Rand Gold Hedging Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	R 282	179
Non-current	172	135
Current	110	44
Derivative financial liabilities	(1,799)	(1,291)
Non-current	(510)	(401)
Current	(1,289)	(890)
Net derivative financial instruments	(1,517)	(1,112)
Unrealised gains/(losses) included in other reserves, net of tax	(1,192)	(808)
Realised losses included in revenue	(1,215)	(209)	602
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	(1,580)	(1,748)	(292)
Gains/(losses) on derivatives	0	0	0
Day one gain/(loss) amortisation	(114)	(66)	(39)
Total gains/(losses) on derivatives	(114)	(66)	(39)
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	(1,580)	(1,748)
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	1,580	1,748
Reserve Of Cash Flow Hedges and Change in Value of Time Value	(1,069)	(808)
US$ Gold Hedging Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	30	67
Non-current	27	33
Current	3	34
Derivative financial liabilities	(236)	(19)
Non-current	(77)	0
Current	(159)	(19)
Net derivative financial instruments	(206)	48
Unrealised gains/(losses) included in other reserves, net of tax	(197)	55
Realised losses included in revenue	(50)	25	(105)
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	(310)	(34)	50
Gains/(losses) on derivatives	0	0	0
Day one gain/(loss) amortisation	(11)	(4)	(6)
Total gains/(losses) on derivatives	(11)	(4)	(6)
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	(310)	(34)
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	310	34
Reserve Of Cash Flow Hedges and Change in Value of Time Value	(183)	55
Rand Gold Collars Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	155
Non-current	135
Current	20
Derivative financial liabilities	(9)
Non-current	0
Current	(9)
Net derivative financial instruments	146
Unrealised gains/(losses) included in other reserves, net of tax	123
Realised losses included in revenue	0
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	141
Gains/(losses) on derivatives	0
Day one gain/(loss) amortisation	5
Total gains/(losses) on derivatives	5
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	141
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	(141)
US Gold Collars Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	18
Non-current	18
Current	0
Derivative financial liabilities	(4)
Non-current	(1)
Current	(3)
Net derivative financial instruments	14
Unrealised gains/(losses) included in other reserves, net of tax	14
Realised losses included in revenue	0
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	15
Gains/(losses) on derivatives	0
Day one gain/(loss) amortisation	1
Total gains/(losses) on derivatives	1
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	15
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	(15)
US$ silver contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	3	44
Non-current	3	16
Current	0	28
Derivative financial liabilities	(63)	0
Non-current	(21)	0
Current	(42)	0
Net derivative financial instruments	(60)	44
Unrealised gains/(losses) included in other reserves, net of tax	0	0
Realised losses included in revenue	0	0	0
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	0	0	0
Gains/(losses) on derivatives	(98)	21	114
Day one gain/(loss) amortisation	0	0	0
Total gains/(losses) on derivatives	(98)	21	114
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	0	0
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	0	0
Foreign exchange hedging contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets	523	89
Non-current	98	85
Current	425	4
Derivative financial liabilities	0	(221)
Non-current	0	(69)
Current	0	(152)
Net derivative financial instruments	523	(132)
Unrealised gains/(losses) included in other reserves, net of tax	0	0
Realised losses included in revenue	0	0	0
Unrealised gains/(losses) on gold contracts recognised in other comprehensive income	0	0	0
Gains/(losses) on derivatives	670	(145)	(16)
Day one gain/(loss) amortisation	0	0	0
Total gains/(losses) on derivatives	670	(145)	R (16)
Hedge effectiveness
Changes in the fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness	0	0
Changes in the fair value of the hedged item used as the basis for recognising hedge ineffectiveness	R 0	R 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Disclosure of Open Position at the Reporting Date (Details) oz in Thousands, R / kg in Thousands, $ in Millions	Jun. 30, 2024 USD ($) $ / Ounce $ / oz oz R / kg R / $	Jun. 30, 2023 USD ($) $ / oz R / kg R / $ oz
Rand Gold Hedging Contracts | Cash flow hedges
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	638	552
Rand Gold Hedging Contracts | Cash flow hedges | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	192	156
Rand Gold Hedging Contracts | Cash flow hedges | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	188	150
Rand Gold Hedging Contracts | Cash flow hedges | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	152	144
Rand Gold Hedging Contracts | Cash flow hedges | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	82	102
Rand Gold Hedging Contracts | Cash flow hedges | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	14
Rand Gold Hedging Contracts | Cash flow hedges | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	10
US$ Gold Hedging Contracts | Cash flow hedges
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	75	55
US$ Gold Hedging Contracts | Cash flow hedges | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	20	18
US$ Gold Hedging Contracts | Cash flow hedges | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	19	18
US$ Gold Hedging Contracts | Cash flow hedges | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	18	15
US$ Gold Hedging Contracts | Cash flow hedges | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	11	4
US$ Gold Hedging Contracts | Cash flow hedges | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	5
US$ Gold Hedging Contracts | Cash flow hedges | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	2
Rand Gold Zero Cost Collars | Cash flow hedges
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	170
Rand Gold Zero Cost Collars | Cash flow hedges | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	24
Rand Gold Zero Cost Collars | Cash flow hedges | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	22
Rand Gold Zero Cost Collars | Cash flow hedges | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	4
Rand Gold Zero Cost Collars | Cash flow hedges | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	26
Rand Gold Zero Cost Collars | Cash flow hedges | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	50
Rand Gold Zero Cost Collars | Cash flow hedges | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	44
US Gold Zero Cost Collars | Cash flow hedges
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	31
US Gold Zero Cost Collars | Cash flow hedges | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	2
US Gold Zero Cost Collars | Cash flow hedges | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	2
US Gold Zero Cost Collars | Cash flow hedges | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	6
US Gold Zero Cost Collars | Cash flow hedges | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	7
US Gold Zero Cost Collars | Cash flow hedges | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	7
US Gold Zero Cost Collars | Cash flow hedges | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Nominal amount of hedging instrument (oz)	7
Zero cost collars
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 390	$ 562
Zero cost collars | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	18.93	18.25
Zero cost collars | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	20.93	20.23
Zero cost collars | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 178	$ 156
Zero cost collars | Due between 0 to six months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	18.48	17.56
Zero cost collars | Due between 0 to six months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	20.48	19.48
Zero cost collars | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 146	$ 156
Zero cost collars | Due between six to 12 months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	19.30	17.93
Zero cost collars | Due between six to 12 months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	21.31	19.90
Zero cost collars | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 48	$ 154
Zero cost collars | Later Than One Year Not Later Than One Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	19.21	18.48
Zero cost collars | Later Than One Year Not Later Than One Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	21.21	20.49
Zero cost collars | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 18	$ 96
Zero cost collars | Later Than One Year Six Months and Not Later Than Two Years | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	19.57	19.53
Zero cost collars | Later Than One Year Six Months and Not Later Than Two Years | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	21.57	21.55
Zero cost collars | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 0
Zero cost collars | Later Than Two Year Not Later Than Two Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	0
Zero cost collars | Later Than Two Year Not Later Than Two Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	0
Zero cost collars | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 0
Zero cost collars | Later Than Two Year Six Months Not Later Than Three Year | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	0
Zero cost collars | Later Than Two Year Six Months Not Later Than Three Year | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / $	0
Forward contracts
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 187	$ 250
Price of derivative instrument at fair value through profit and loss | R / $	19.79	18.96
Forward contracts | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 75	$ 72
Price of derivative instrument at fair value through profit and loss | R / $	19.53	18.94
Forward contracts | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 67	$ 72
Price of derivative instrument at fair value through profit and loss | R / $	20.05	18.94
Forward contracts | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 36	$ 69
Price of derivative instrument at fair value through profit and loss | R / $	20.12	19.53
Forward contracts | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 9	$ 37
Price of derivative instrument at fair value through profit and loss | R / $	20.40	20.30
Forward contracts | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 0
Price of derivative instrument at fair value through profit and loss | R / $	0
Forward contracts | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Derivative, notional amount | $	$ 0
Price of derivative instrument at fair value through profit and loss | R / $	0
Rand Gold Hedging Contracts
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,373	1,181
Rand Gold Hedging Contracts | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,253	1,087
Rand Gold Hedging Contracts | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,365	1,146
Rand Gold Hedging Contracts | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,389	1,207
Rand Gold Hedging Contracts | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,550	1,341
Rand Gold Hedging Contracts | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,679
Rand Gold Hedging Contracts | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | R / kg	1,734
US$ Gold Hedging Contracts
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,273	2,043
US$ Gold Hedging Contracts | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,151	1,901
US$ Gold Hedging Contracts | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,155	2,079
US$ Gold Hedging Contracts | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,249	2,136
US$ Gold Hedging Contracts | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,496	2,175
US$ Gold Hedging Contracts | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,634
US$ Gold Hedging Contracts | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Price of hedging instrument | $ / oz	2,695
Total Gold
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	914	607
Total Gold | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	238	174
Total Gold | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	231	168
Total Gold | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	180	159
Total Gold | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	126	106
Total Gold | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	76
Total Gold | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	63
US$ silver contracts
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	2,230	1,540
US$ silver contracts | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	27.22	24.62
US$ silver contracts | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	30.20	27.50
US$ silver contracts | Due between 0 to six months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	600	480
US$ silver contracts | Due between 0 to six months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	25.13	24.22
US$ silver contracts | Due between 0 to six months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	27.95	27
US$ silver contracts | Due between six to 12 months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	600	480
US$ silver contracts | Due between six to 12 months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	26.70	24.54
US$ silver contracts | Due between six to 12 months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	29.55	27.36
US$ silver contracts | Later Than One Year Not Later Than One Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	600	420
US$ silver contracts | Later Than One Year Not Later Than One Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	28.14	24.79
US$ silver contracts | Later Than One Year Not Later Than One Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	31.20	27.79
US$ silver contracts | Later Than One Year Six Months and Not Later Than Two Years
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	430	160
US$ silver contracts | Later Than One Year Six Months and Not Later Than Two Years | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	29.59	25.66
US$ silver contracts | Later Than One Year Six Months and Not Later Than Two Years | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	32.83	28.66
US$ silver contracts | Later Than Two Year Not Later Than Two Year Six Months
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	0
US$ silver contracts | Later Than Two Year Not Later Than Two Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	0
US$ silver contracts | Later Than Two Year Not Later Than Two Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	0
US$ silver contracts | Later Than Two Year Six Months Not Later Than Three Year
Disclosure of detailed information about financial instruments [line items]
Derivative, Nonmonetary Notional Amount	0
US$ silver contracts | Later Than Two Year Six Months Not Later Than Three Year | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	0
US$ silver contracts | Later Than Two Year Six Months Not Later Than Three Year | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / oz	0
Rand Gold Zero Cost Collars | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,524
Rand Gold Zero Cost Collars | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,722
Rand Gold Zero Cost Collars | Due between 0 to six months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,346
Rand Gold Zero Cost Collars | Due between 0 to six months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,523
Rand Gold Zero Cost Collars | Due between six to 12 months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,412
Rand Gold Zero Cost Collars | Due between six to 12 months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,591
Rand Gold Zero Cost Collars | Later Than One Year Not Later Than One Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,463
Rand Gold Zero Cost Collars | Later Than One Year Not Later Than One Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,672
Rand Gold Zero Cost Collars | Later Than One Year Six Months and Not Later Than Two Years | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,534
Rand Gold Zero Cost Collars | Later Than One Year Six Months and Not Later Than Two Years | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,726
Rand Gold Zero Cost Collars | Later Than Two Year Not Later Than Two Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,577
Rand Gold Zero Cost Collars | Later Than Two Year Not Later Than Two Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,786
Rand Gold Zero Cost Collars | Later Than Two Year Six Months Not Later Than Three Year | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,618
Rand Gold Zero Cost Collars | Later Than Two Year Six Months Not Later Than Three Year | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | R / kg	1,827
US Gold Zero Cost Collars | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,447
US Gold Zero Cost Collars | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,721
US Gold Zero Cost Collars | Due between 0 to six months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,260
US Gold Zero Cost Collars | Due between 0 to six months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,510
US Gold Zero Cost Collars | Due between six to 12 months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,302
US Gold Zero Cost Collars | Due between six to 12 months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,552
US Gold Zero Cost Collars | Later Than One Year Not Later Than One Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,391
US Gold Zero Cost Collars | Later Than One Year Not Later Than One Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,658
US Gold Zero Cost Collars | Later Than One Year Six Months and Not Later Than Two Years | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,448
US Gold Zero Cost Collars | Later Than One Year Six Months and Not Later Than Two Years | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,721
US Gold Zero Cost Collars | Later Than Two Year Not Later Than Two Year Six Months | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,499
US Gold Zero Cost Collars | Later Than Two Year Not Later Than Two Year Six Months | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,786
US Gold Zero Cost Collars | Later Than Two Year Six Months Not Later Than Three Year | Floor
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,536
US Gold Zero Cost Collars | Later Than Two Year Six Months Not Later Than Three Year | Cap
Disclosure of detailed information about financial instruments [line items]
Price of derivative instrument at fair value through profit and loss | $ / Ounce	2,818

Trade and Other Receivables - D

Trade and Other Receivables - Disclosure of Trade and Other Receivables (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Financial assets
Trade receivables	R 1,428	R 1,428
Interest and other receivables	150	121
Employee receivables	10	12
Non-financial assets
Prepayments	355	189
Value added tax and general sales tax	625	570
Income and mining taxes	36	75
Total trade and other receivables	2,604	2,395
Trade receivables (metals) | Gross
Financial assets
Trade receivables	1,239	1,179
Other trade receivables | Gross
Financial assets
Trade receivables	401	460
Trade receivables [member]
Non-financial assets
Loss allowance	R (212)	R (211)	R (204)

Trade and Other Receivables -_2

Trade and Other Receivables - Disclosure of Movement in the Loss Allowance for Trade and Other Receivables (Details) - Trade and other receivables - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of changes in allowance account for credit losses of financial assets
Increase in loss allowance recognised during the year	R 49	R 155
Reversal of loss allowance during the year	(48)	(148)
Trade And Other Receivables At Amortised Cost Allowance For Expected Credit Losses	R 212	R 211	R 204

Trade and Other Receivables -_3

Trade and Other Receivables - Disclosure of Ageing of Loss Allowance for Trade and Other Receivables (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure of financial assets that are either past due or impaired [line items]
Collateral pledged or held for receivables	R 0	R 0
Trade and other receivables | Gross
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	1,640	1,639
Trade and other receivables | Gross | Past due by 1 to 30 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	33	64
Trade and other receivables | Gross | Past due by 31 to 60 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	21	22
Trade and other receivables | Gross | Past due by 61 to 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	15	42
Trade and other receivables | Gross | Past due by more than 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	54	42
Trade and other receivables | Gross | Past due by more than 361 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	153	138
Trade and other receivables | Loss allowance
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(212)	(211)
Trade and other receivables | Loss allowance | Past due by 1 to 30 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(12)	(29)
Trade and other receivables | Loss allowance | Past due by 31 to 60 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(9)	(14)
Trade and other receivables | Loss allowance | Past due by 61 to 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(7)	(9)
Trade and other receivables | Loss allowance | Past due by more than 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(50)	(38)
Trade and other receivables | Loss allowance | Past due by more than 361 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	(134)	(121)
Financial assets individually assessed for credit losses [member] | Trade and other receivables | Gross | Neither Past Due Nor Impaired [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	1,364	1,331
Financial assets individually assessed for credit losses [member] | Trade and other receivables | Loss allowance | Neither Past Due Nor Impaired [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	R 0	R 0

Investments in Associates - Nar

Investments in Associates - Narrative (Details) - ZAR (R) R in Millions		12 Months Ended
	Feb. 27, 2008	Jun. 30, 2024	Jun. 30, 2023
Disclosure of associates [line items]
Investments in associates		R 165	R 111
Pamodzi
Disclosure of associates [line items]
Ownership interest (as a percent)	32.40%
Investments in associates	R 345
Rand Refinery
Disclosure of associates [line items]
Ownership interest (as a percent)		10.38%

Investments in Associates - Mov

Investments in Associates - Movement In Investments In Associate (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of associates [line items]
Balance at beginning of year	R 111
Balance at end of year	165	R 111
Rand Refinery
Disclosure of associates [line items]
Dividend income	R 27	R 71

Investment in Joint Operations

Investment in Joint Operations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of joint operations [line items]
Property, plant and equipment	R 41,348	R 41,507
Wafi-Golpu Joint Operation
Disclosure of joint operations [line items]
Proportion of ownership interest in joint operation (as a percent)	50%
Property, plant and equipment	R 2,800	R 3,100
Newcrest Mining Limited | Wafi-Golpu Joint Operation
Disclosure of joint operations [line items]
Proportion of ownership interest in joint operation (as a percent)	50%
PG State [Member]
Disclosure of joint operations [line items]
Potential Percentage of equity interests	30%

Inventories (Details)

Inventories (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) kg	Jun. 30, 2023 ZAR (R)
Disclosure of products and services [line items]
Final gold in lock-up	R 180	R 138
Work in process, ore stockpiles and finished inventories	1,533	1,095
Consumables at weighted average cost (net of provision)	2,070	2,170
Total inventories	3,783	3,403
Non-current portion of final gold in lock-up included in Other non-current assets	(180)	(138)
Total current portion of inventories	3,603	3,265
Inventory valued at net realisable value1	145	138
Write-downs (reversals of write-downs) of inventories	12	(85)
Provision for slow moving and redundant stock	480	R 492
Changes In Inventories of Gold in process, ore stockpiles and bullion on hand	R 411
Change in gold stock volume | kg	301

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Inventories [Abstract]
Increase (decrease) in provisions for slow-moving and redundant stock	R (12)	R 85
Provision for slow moving and redundant stock	R 480	R 492

Share Capital - Narrative (Deta

Share Capital - Narrative (Details) - R / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Apr. 04, 2024	Feb. 21, 2024
Disclosure of classes of share capital [line items]
Shares issued relating to exercise of share options (in shares)	1,910,916	1,546,270
Ordinary shares
Disclosure of classes of share capital [line items]
Number of shares authorised (in shares)	1,200,000,000	1,200,000,000
Number of shares issued and fully paid (in shares)	632,634,413	618,071,972
Convertible preference shares
Disclosure of classes of share capital [line items]
Number of shares authorised (in shares)	6,866,103	4,400,000
Number of shares issued and fully paid (in shares)	6,866,103	4,400,000
Harmony ESOP Trust
Disclosure of classes of share capital [line items]
Ownership interest (as a percent)	2%
Harmony ESOP Trust | Share trust controlled by entity | Ordinary shares
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)			12,651,525
Harmony Gold Community Trust | Share trust controlled by entity
Disclosure of classes of share capital [line items]
Minimum annual preference dividend (in rand per share)	R 2
Harmony Gold Community Trust | Share trust controlled by entity | Convertible preference shares
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)	6,866,103	4,400,000		2,466,103

Share Capital - Treasury shares

Share Capital - Treasury shares (Details) - shares	Jun. 30, 2024	Apr. 04, 2024	Feb. 21, 2024	Jun. 30, 2023
Lydenburg Exploration Limited | Ordinary shares | Total for all subsidiaries
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)	335			335
Kalgold Share Trust | Ordinary shares | Share trust controlled by entity
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)	47,046			47,046
Harmony ESOP Trust | Ordinary shares | Share trust controlled by entity
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)		12,651,525
Harmony Gold Community Trust | Convertible preference shares | Share trust controlled by entity
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)	6,866,103		2,466,103	4,400,000
Harmony Gold ESOP Trust | Ordinary shares | Share trust controlled by entity
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares)	12,651,525			0

Other Reserves - Disclosure of

Other Reserves - Disclosure of Other Reserves (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of reserves within equity [abstract]
Foreign exchange translation reserve	R 3,277	R 4,220
Hedge reserve	(1,389)	(753)	R 480
Time value reserve	137	0	0
Share-based payments	3,607	3,363	R 3,249
Post-retirement benefit actuarial gain/(loss)	(3)	0
Equity instruments designated at fair value through other comprehensive income	203	178
Acquisition of non-controlling interest in subsidiary	(381)	(381)
Equity component of convertible bond	277	277
Repurchase of equity interest	(98)	(98)
Other	(28)	(28)
Total other reserves	R 5,602	R 6,778

Other Reserves - Reconciliation

Other Reserves - Reconciliation of the Hedge Reserve (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Changes In hedge reserve and change in time value reserve
Balance at beginning of year - hedge reserve	R (753)	R 480
Remeasurement of gold hedging contracts	(636)	(1,233)
Unrealised gain/(loss) on gold hedging contracts	(1,891)	(1,782)
Released to revenue	1,265	184
Foreign exchange translation	10	6
Deferred tax thereon	(20)	359
Balance at end of year - hedge reserve	(1,389)	(753)
Change in time value reserve
Balance at beginning of year - time value reserve	0	0
Gains (losses) on change in value of time value of options, net of tax	137	0
Gains (losses) on change in value of time value of options, before tax	157	0
Reclassification adjustments on change in value of time value of options, before tax	0	0
Increase (Decrease) Through Net Exchange Differences Hedge Contracts, Time value reserve	(1)	0
Deferred Tax Effect From Change In Reserve Through Unrealised Gains (Losses) On Time Value Reserve	(19)	0
Balance at end of year - time value reserve	137	0
Total hedge reserve and time value reserve
Balance at beginning of year	(753)	480
Remeasurement of gold hedging contracts	(499)	(1,233)
Unrealised loss on gold hedging contracts	(1,734)	(1,782)
Released to revenue	(1,265)	(184)
Foreign exchange translation	9	6
Deferred taxation thereon	(39)	359
Balance at end of year	(1,252)	(753)
Rand Gold Hedging Contracts
Changes In hedge reserve and change in time value reserve
Balance at beginning of year - hedge reserve	(808)
Balance at end of year - hedge reserve	(1,192)	(808)
Change in time value reserve
Balance at beginning of year - time value reserve	0
Balance at end of year - time value reserve	123	0
Total hedge reserve and time value reserve
Balance at beginning of year	(808)
Balance at end of year	(1,069)	(808)
US$ Gold Hedging Contracts
Changes In hedge reserve and change in time value reserve
Balance at beginning of year - hedge reserve	55
Balance at end of year - hedge reserve	(197)	55
Change in time value reserve
Balance at beginning of year - time value reserve	0
Balance at end of year - time value reserve	14	0
Total hedge reserve and time value reserve
Balance at beginning of year	55
Balance at end of year	R (183)	R 55

Other Reserves - Reconciliati_2

Other Reserves - Reconciliation of Share Based Payment Reserve (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Reconciliation Of The Share-Based Payments Reserve
Balance at beginning of year	R 3,363	R 3,249
Share-based payments expensed	244	114	R 143
Balance at end of year	R 3,607	R 3,363	R 3,249

Other Reserves - Narrative (Det

Other Reserves - Narrative (Details) - ZAR (R) R in Millions			12 Months Ended
	Mar. 19, 2010	Mar. 15, 2004	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of reserves within equity [line items]
Reserve for equity instruments designated at fair value through other comprehensive income			R 203	R 178
Purchase price			5	0	R 0
Acquisition of non-controlling interest in subsidiary			381	381
Abelle Limited
Disclosure of reserves within equity [line items]
Purchase price		R 579
Acquisition of non-controlling interest in subsidiary		R 381
Doornkop South Reef | AVRD
Disclosure of reserves within equity [line items]
Share of mining titles acquired (as a percent)	26%
Shares issued in exchange for interest in mining titles (in shares)	2,162,359
Difference between the value of shares issued	R 152
Rand Mutual Assurance
Disclosure of reserves within equity [line items]
Reserve for equity instruments designated at fair value through other comprehensive income			R 123	R 114

Provision for Environmental R_3

Provision for Environmental Rehabilitation - Disclosure of Rates Used in the Calculated of the Provision (Details) - Provision for environmental rehabilitation	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
South African operations | – 12 months
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate	5.83%	6.59%	6.55%
Discount rates	9%	9.30%	5.50%
South African operations | Between one to two years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate	5.68%	5.65%	5.20%
South African operations | Between two to three years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate	5.64%	5.68%
South African operations | Between three to four years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate			5.50%
South African operations | Long term year four onwards
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate	5.64%	5.64%
South African operations | Due between 0 to five years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	0%	9.20%	8.30%
South African operations | – two to four years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	9.20%	0%	0%
South African operations | – five to seven years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	10.90%	0%	0%
South African operations | – six to nine years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	0%	10.60%	9.90%
South African operations | Due between 10 to 15 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	12%	12.10%	10.90%
South African operations | Due between 15 to 20 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	12.60%	0%	0%
South African operations | – twenty years or more
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Discount rates	12.70%	0%	0%
PNG operations
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Inflation rate	4.74%	4.84%	5.33%
Discount rates	10.33%	9.33%	8.45%

Provision for Environmental R_4

Provision for Environmental Rehabilitation - Reconciliation of the Total Liability for Environmental Rehabilitation (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of changes in other provisions
Balance at beginning of year	R 813
Balance at end of year	545	R 813
Provision for environmental rehabilitation
Reconciliation of changes in other provisions
Balance at beginning of year	5,473	5,013
Change in estimate - Balance sheet	(531)	(111)
Change in estimate - Income Statement	3	32
Utilisation of provision	(117)	(120)
Time value of money and inflation component of rehabilitation costs	486	483
Translation	(159)	176
Balance at end of year	5,155	5,473
Provision for environmental rehabilitation | PNG operations
Reconciliation of changes in other provisions
Balance at beginning of year	1,478
Balance at end of year	R 1,446	R 1,478

Provision for Environmental R_5

Provision for Environmental Rehabilitation - Disclosure of Future Net Undiscounted Obligation (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of financial assets [line items]
Ultimate estimated rehabilitation cost	R 8,387	R 7,930
Amounts invested in environmental trust funds	(6,044)	(5,687)
Total future net undiscounted obligation	2,357	2,257
Total environmental trust funds
Disclosure of financial assets [line items]
Amounts invested in environmental trust funds	R (6,030)	R (5,673)	R (5,244)

Other provisions (Details)

Other provisions (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of other provisions [line items]
Provision for silicosis settlement	R 255	R 549	R 820
Retirement benefit obligation	290	264	R 251
Total Other Provisions	545	813
Current portion of other provisions	19	180
Non-current portion of other provisions	526	633
Present value of defined benefit obligation
Disclosure of other provisions [line items]
Retirement benefit obligation	R 290	R 264

Other Provisions - Provision fo

Other Provisions - Provision for Silicosis Settlement - Narative (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Change in benefit take-up rate
Disclosure of other provisions [line items]
Increase in assumption (as a percent)	10%	10%
Change in labour number
Disclosure of other provisions [line items]
Increase in assumption (as a percent)	10%	10%
Change in disease risk
Disclosure of other provisions [line items]
Increase in assumption (as a percent)	10%	10%
Change in disease progression rates
Disclosure of other provisions [line items]
Increase in assumption (as a percent)	10%	10%
Provision raised for settlement
Disclosure of other provisions [line items]
Discount rates	9.30%	9.50%	6.50%
Provisions, Nominal Amount	R 355

Other Provisions - Provision _2

Other Provisions - Provision for Silicosis Settlement - Reconciliation of the Total Provision for Silicosis Settlement (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of other provisions [line items]
Balance at beginning of year- silicosis	R 549	R 820
Payments	(153)	(155)
Balance at end of year - silicosis	255	549
Current portion of silicosis settlement provision	19	180
Non-current portion of silicosis settlement provision	236	369
Provision raised for settlement
Disclosure of other provisions [line items]
Change in estimate	(174)	(183)
Time value of money and inflation component	R 33	R 67

Other Provisions - Provision _3

Other Provisions - Provision for Silicosis Settlement - Disclosure of the Impact of a Reasonable Change in Certain Key Assumptions (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Change in benefit take-up rate
Disclosure of other provisions [line items]
Decrease in assumption (as a percent)	10%	10%
Increase in assumption (as a percent)	10%	10%
Change in labour number
Disclosure of other provisions [line items]
Decrease in assumption (as a percent)	10%	10%
Increase in assumption (as a percent)	10%	10%
Change in disease risk
Disclosure of other provisions [line items]
Decrease in assumption (as a percent)	10%	10%
Increase in assumption (as a percent)	10%	10%
Change in disease progression rates
Disclosure of other provisions [line items]
Decrease in assumption (as a percent)	10%	10%
Increase in assumption (as a percent)	10%	10%
Change in benefit take-up rate
Disclosure of other provisions [line items]
Effect of an increase in the assumption	R 67	R 81
Effect of a decrease in the assumption	(67)	(81)
Change in silicosis prevalence
Disclosure of other provisions [line items]
Effect of an increase in the assumption	67	81
Effect of a decrease in the assumption	(67)	(81)
Change in disease progression rates
Disclosure of other provisions [line items]
Effect of an increase in the assumption	25	61
Effect of a decrease in the assumption	R (25)	R (61)

Other Provisions - Retirement B

Other Provisions - Retirement Benefit Obligation - Narrative (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Employee Benefits [Abstract]
Discount rate	12.20%	13.50%	12.30%
Actuarial assumption of retirement age	60 years	60 years	60 years
Medical inflation rate	9.70%	10.10%	9%
Retirement benefit costs	R 1,226	R 1,146
Subsidy for every completed year of employment (as a percent)	2%
Maximum subsidy to be paid (as a percent)	50%
Expected employed members that will be married at retirement or earlier death (as a percent)	90%
Expected age gap between husbands and their younger wives (term)	4 years

Other Provisions - Retirement_2

Other Provisions - Retirement Benefit Obligation - Disclosure of Unfunded Obligations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	R 290	R 264	R 251
Present value of defined benefit obligation
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	290	264
Contributions paid	(16)	(14)
Other expenses included in staff costs/current service cost	3	3
Finance costs	35	30
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions	4	(6)
Current employees
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	101	100
Retired employees
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	R 189	R 164

Other Provisions - Retirement_3

Other Provisions - Retirement Benefit Obligation - Disclosure of Net Liability of Defined Benefit Plan (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	R 290	R 264	R 251
Present value of defined benefit obligation
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	290	264
Fair value of plan assets
Disclosure of defined benefit plans [line items]
Retirement benefit obligation	R 0	R 0

Leases Disclosure of Informatio

Leases Disclosure of Information about Right of Use Assets (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Presentation of leases for lessee [abstract]
Right-of-use assets	R 553	R 480
Additions to right-of-use assets	270	240
Lease modifications	15	17
Depreciation, right-of-use assets	(248)	(259)
Termination of lease asset	(5)	(45)
Increase / (Decrease) Through Net Exchange Differences - Right of use Assets	(16)	120
Right-of-use assets	569	553
Disclosure of quantitative information about right-of-use assets [line items]
Additions to right-of-use assets	270	240
Increase / (Decrease) Through Net Exchange Differences - Right of use Assets	(16)	120
Termination of lease asset	(5)	(45)
Depreciation, right-of-use assets	248	259
Lease modifications	R 15	R 17

Leases Disclosure of Current an

Leases Disclosure of Current and Non-Current Lease Liabilities (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Presentation of leases for lessee [abstract]
Lease liabilities	R 526	R 442
Additions	249	228
Lease modifications	15	17
Interest expense on lease liabilities	32	28
Cash outflow for leases	(278)	(229)
Termination of lease liability	(6)	0
Increase (Decrease) Through Net Exchange Differences - Lease Liabilities	(32)	40
Lease liabilities	506	526
Current lease liabilities	260	216
Non-current lease liabilities	R 246	R 310

Leases Disclosure of Maturity A

Leases Disclosure of Maturity Analysis of Capitalised Leases (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure Of Maturity Analysis Of Finance Lease Payments [Line Items]
Gross lease liabilities	R 583	R 636
– 12 months
Disclosure Of Maturity Analysis Of Finance Lease Payments [Line Items]
Gross lease liabilities	270	235
Due between 0 to five years
Disclosure Of Maturity Analysis Of Finance Lease Payments [Line Items]
Gross lease liabilities	182	273
- Five years and more
Disclosure Of Maturity Analysis Of Finance Lease Payments [Line Items]
Gross lease liabilities	R 131	R 128

Leases Disclosure of amounts in

Leases Disclosure of amounts included in the Income Statements relating to leases (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Presentation of leases for lessee [abstract]
Depreciation, right-of-use assets	R 248	R 259
Interest expense on lease liabilities	32	28
Expense relating to short-term leases for which recognition exemption has been used	348	154
Expense relating to leases of low-value assets for which recognition exemption has been used	17	28
Expense relating to variable lease payments not included in measurement of lease liabilities	R 2,030	R 1,678
Percentage of variable lease payments	76%

Leases Disclosure of lease paym

Leases Disclosure of lease payments (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of lease payments [Line Items]
Cash outflow for leases	R 278	R 229
Principal and interest payments made for lease liabilities
Disclosure of lease payments [Line Items]
Cash outflow for leases	278	229
Short-term lease payments
Disclosure of lease payments [Line Items]
Cash outflow for leases	348	154
Lease payments of low value assets leased
Disclosure of lease payments [Line Items]
Cash outflow for leases	17	28
Variable lease payments
Disclosure of lease payments [Line Items]
Cash outflow for leases	2,030	1,678
Total cash outflows for leases
Disclosure of lease payments [Line Items]
Cash outflow for leases	2,673	2,089
Phase 1 Power Purchase Agreements
Disclosure of lease payments [Line Items]
Cash outflow for leases	R 54	R 0

Leases (Details)

Leases (Details)	12 Months Ended
	Jun. 30, 2024 ZAR (R)
Lease Liabilities Verbiage [Line Items]
Statement that lessee accounts for leases of low-value assets using recognition exemption	•The low value lease exemption – the group has elected to take the low value exemption
Maximum Amount Applied For Low Value Lease Exemption	R 50,000
Statement that lessee accounts for short-term leases using recognition exemption	•The short-term lease exemption – leases with a duration of less than a year will be expensed in the income statement on a straight-line basis

Contingent consideration narati

Contingent consideration narative (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Dec. 16, 2022	Jun. 30, 2022	Oct. 01, 2020
Disclosure of contingent consideration liabilities [line items]
Contingent consideration Liabilities Recognised	R 965	R 589		R 356
Mponeng operations and related assets
Disclosure of contingent consideration liabilities [line items]
Contingent consideration recognised as of acquisition date					R 544
Discount rate applied to cash flow projections	10.50%	9.60%		10.20%	10.60%
Contingent consideration for below infrastructure production	R 303	R 0		R 0	R 0
Mponeng [Member]
Disclosure of contingent consideration liabilities [line items]
Contingent consideration Liabilities Recognised	587	404
Eva Copper operations and related assets
Disclosure of contingent consideration liabilities [line items]
Contingent consideration recognised as of acquisition date			R 169
Discount rate applied to cash flow projections			12.90%
Contingent consideration Liabilities Recognised	R 378	R 185

Contingent consideration - Disc

Contingent consideration - Disclosure in the movement of the liability (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Dec. 16, 2022
Disclosure of contingent consideration liabilities [line items]
Balance at beginning of year	R 589	R 356
Payment of Mponeng contingent consideration liability	(108)	0	R 0
Remeasurement of contingent consideration	484	64	(61)
Balance at end of year	965	589	R 356
Current portion of contingent consideration	115	0
Non-current portion of contingent consideration	850	589
Remeasurement of Mponeng contingent consideration	291
Remeasurement of Eva Copper contingent consideration	193
Eva Copper operations and related assets
Disclosure of contingent consideration liabilities [line items]
Balance at beginning of year	185
Acquisitions				R 169
Balance at end of year	378	185
Mponeng [Member]
Disclosure of contingent consideration liabilities [line items]
Balance at beginning of year	404
Payment of Mponeng contingent consideration liability	108
Balance at end of year	R 587	R 404

Other Non-Current Liabilities_2

Other Non-Current Liabilities (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract]
Sibanye Beatrix ground swap royalty1	R 25	R 22
Non-current lease liabilities	246	310
Provision for Harmony Education Benefit Fund	5	5
Total non-current liabilities	R 276	R 337

Streaming Arrangement (Details)

Streaming Arrangement (Details) R in Millions		6 Months Ended	12 Months Ended
	Dec. 17, 2008 $ / Ounce	Jun. 30, 2024 ZAR (R) $ / Ounce	Jun. 30, 2024 ZAR (R)	Dec. 16, 2023 $ / Ounce	Dec. 16, 2022 $ / Ounce	Dec. 16, 2021 $ / Ounce	Jun. 30, 2023 ZAR (R)	Jun. 30, 2022 ZAR (R)	Oct. 01, 2020 ZAR (R)
Franco Nevada
Disclosure of streaming arrangement [Line Items]
Percent of production covered by streaming arrangement			25%
Contract liabilities | R		R 85	R 85				R 390	R 687	R 1,400
Contract price receivable for each ounce of gold delivered		451		446	442	437
Discount rate applied to cash flow projections									11.60%
Franco Nevada | Cap
Disclosure of streaming arrangement [Line Items]
Contract price receivable for each ounce of gold delivered	400
Parent [member]
Disclosure of streaming arrangement [Line Items]
Cost of Debt									7.70%

Streaming Arrangement - Contrac

Streaming Arrangement - Contract liability and gold delivered (Details) R in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 ZAR (R) $ / Ounce oz	Jun. 30, 2024 ZAR (R) oz	Dec. 16, 2023 $ / Ounce	Jun. 30, 2023 ZAR (R) oz	Dec. 16, 2022 $ / Ounce	Jun. 30, 2022 ZAR (R) oz	Dec. 16, 2021 $ / Ounce
Disclosure of streaming arrangement [Line Items]
Finance costs related to significant financing component		R 18		R 41		R 67
Streaming contract revenue		(323)		(338)		R (471)
Current portion of streaming contract liability	R 85	85		285
Non-current portion of streaming contract liability	R 0	R 0		R 105
Franco Nevada
Disclosure of streaming arrangement [Line Items]
Balance of ounces to be delivered | oz	9,164	9,164		38,888		61,157
Gold ounces delivered | oz		(29,724)		(22,269)
Balance of ounces to be delivered | oz	9,164	9,164		38,888		61,157
Contract price receivable for each ounce of gold delivered | $ / Ounce	451		446		442		437
Balance at beginning of year		R 390		R 687
Finance costs related to significant financing component		18		41
Streaming contract revenue		(323)		(338)
Balance at end of year	R 85	85		390		R 687
Current portion of streaming contract liability	85	85		285
Non-current portion of streaming contract liability	R 0	R 0		R 105

Borrowings - Disclosure of Faci

Borrowings - Disclosure of Facilities' Terms Schedule (Details) $ in Millions, R in Billions	1 Months Ended
	May 30, 2022 ZAR (R)	Jul. 31, 2018 USD ($)	May 30, 2022 USD ($)
R2.5 Billion Facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity | R	R 2.5
Term of facility	Five years
R2.5 Billion Facility - Sustainability Linked | JIBAR
Disclosure of detailed information about borrowings [line items]
Interest charge (as a percent)	2.40%		2.40%
US$400 million facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity			$ 400
Term of facility	Five years
R1.5 billion facility - Green Term Loan
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity | R	R 1.5
Term of facility	Six years, six months
R1.5 billion facility - Green Term Loan | JIBAR
Disclosure of detailed information about borrowings [line items]
Interest charge (as a percent)	2.65%		2.65%
Westpac fleet loan
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity - Matured		$ 24
Term of facility		Four years
Westpac fleet loan | LIBOR
Disclosure of detailed information about borrowings [line items]
Interest charge (as a percent)		3.20%
Term loan | US$400 million facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity			$ 100
Term loan | US$400 million facility - Sustainability Linked | Secured Overnight Financing Rate (SOFR)
Disclosure of detailed information about borrowings [line items]
Interest charge (as a percent)	2.85%		2.85%
Revolving credit facility | US$400 million facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Maximum borrowing capacity			$ 300
Revolving credit facility | US$400 million facility - Sustainability Linked | Secured Overnight Financing Rate (SOFR)
Disclosure of detailed information about borrowings [line items]
Interest charge (as a percent)	2.70%		2.70%

Borrowings - Narrative (Details

Borrowings - Narrative (Details)	12 Months Ended
	Jun. 30, 2024 Ratio	Jun. 30, 2023 Ratio
Disclosure of detailed information about borrowings [line items]
Minimum interest cover ratio	5
Maximum leverage ratio	2.5
Borrowings, Restrictive Covenants, Minimum Interest Cover Ratio Actual	44.1	26
Borrowings, Restrictive Covenants, Maximum Leverage Ratio Actual	(0.2)	0.2

Borrowings - Disclosure of Inte

Borrowings - Disclosure of Interest Bearing Borrowings (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Non-current borrowings
Balance at beginning of year	R 5,592
Translation	83	R (820)	R (411)
Total non-current borrowings	1,785	5,592
Current borrowings
Balance at beginning of year	103
Interest accrued	426	467	238
Total current borrowings	9	103
Borrowings Bearing Interest	1,794	5,695
Undrawn committed borrowing facilities	9,308	5,883
Westpac fleet loan
Current borrowings
Balance at beginning of year	0	25
Repayments of current borrowings	0	26
Translation	0	1
Total current borrowings	0	0	25
R2.5 Billion Facility - Sustainability Linked
Non-current borrowings
Balance at beginning of year	0	0
Draw down	300	700
Repayments	(300)	(700)
Amortisation of issue costs	16	7
Reclassification from prepayments	(16)	(7)
Total non-current borrowings	0	0	0
US$400 million facility - Sustainability Linked
Non-current borrowings
Balance at beginning of year	5,592	3,180
Draw down	0	2,919
Repayments	(3,747)	(1,345)
Amortisation of issue costs	23	19
Translation	(83)	819
Total non-current borrowings	1,785	5,592	3,180
Current borrowings
Balance at beginning of year	103	0
Interest accrued	129	103
Repayments of current borrowings	224	0
Translation	1	0
Total current borrowings	9	103	0
Current
Current borrowings
Balance at beginning of year	103
Total current borrowings	9	103
Undrawn committed borrowing facilities	1,350	0
Between one to two years
Non-current borrowings
Balance at beginning of year	0
Total non-current borrowings	0	0
Due between two to three years5
Non-current borrowings
Balance at beginning of year	5,592
Total non-current borrowings	1,785	5,592
Expiring after one year
Current borrowings
Undrawn committed borrowing facilities	R 7,958	R 5,883	R 7,254

Borrowings - Disclosure of Effe

Borrowings - Disclosure of Effective Interest Rates (Details) - Effective Interest Rate	Jun. 30, 2024	Jun. 30, 2023
Westpac fleet loan
Disclosure of detailed information about borrowings [line items]
Interest rate	0%	3.40%
R2.5 Billion Facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Interest rate	10.80%	9.20%
US$400 million facility - Sustainability Linked
Disclosure of detailed information about borrowings [line items]
Interest rate	8.20%	6.80%

Trade and Other Payables - Disc

Trade and Other Payables - Disclosure of Trade and Other Payables (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Financial liabilities
Trade payables	R 1,138	R 1,205
Current lease liabilities	260	216
Other liabilities	566	601
Non-financial liabilities
Short-term employee benefits accruals	968	888
Leave liabilities	848	794	R 770
Shaft related accruals	1,367	1,016
Other accruals	116	173
Value added tax	214	176
Income and mining tax	152	169
Total current trade and other payables	R 5,629	R 5,238

Trade and Other Payables - Di_2

Trade and Other Payables - Disclosure of Movement in the Liability for Annual Leave (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Balance at beginning of year	R 794	R 770
Benefits paid	(838)	(803)
Total expense per income statement	907	807
Translation (gain)/loss	(15)	20
Balance at end of year	848	794
Disclosure Of Non-Financial Assets And Liabilities [Line Items]
Leave liabilities	R 848	R 794

Cash Generated by Operations -

Cash Generated by Operations - Disclosure of Cash Generated by Operations (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of profit/(loss) before taxation to cash generated by operations
Profit/(loss) before taxation	R 11,770	R 6,606	R (1,058)
Adjustments for:
Amortisation and depreciation	4,642	3,454	3,683
Impairment of assets	2,793	0	4,433
Share-based payments	250	112	145
Net decrease in provision for post-retirement benefits	(16)	(15)	(14)
Net increase/(decrease) in provision for environmental rehabilitation	(114)	(88)	71
(Profit)/loss on sale of property, plant and equipment	13	(46)	(24)
Loss on scrapping of property, plant and equipment	97	182	7
Profit from associates	(81)	(57)	(63)
Investment income	(809)	(663)	(352)
Finance costs	796	994	718
Inventory-related adjustments	(503)	31	32
Foreign exchange translation differences	(110)	795	338
Non-cash portion of (gains)/losses on derivatives	(432)	253	252
Day one loss amortisation	(16)	(45)	(49)
Streaming contract revenue	(323)	(338)	(471)
Silicosis settlement provision – net	(327)	(338)	(86)
Contingent consideration remeasurement	484	64	(61)
Other non-cash adjustments	37	5	36
Effect of changes in operating working capital items
(Increase)/decrease in Receivables	(258)	(627)	21
Increase in Inventories	(50)	(308)	(232)
Increase in Payables	332	618	52
Cash generated by operations	R 18,175	R 10,589	R 7,378

Cash Generated by Operations _2

Cash Generated by Operations - Narrative (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of financial assets [line items]
Borrowing facilities available for future operation activities and future capital commitments	R 9,308	R 5,883
Eva Copper operations and related assets
Disclosure of financial assets [line items]
Proportion of ownership interest in subsidiary	100%	100%
Expiring after one year
Disclosure of financial assets [line items]
Borrowing facilities available for future operation activities and future capital commitments	R 7,958	R 5,883	R 7,254
Restricted cash and investments (refer to note R15)
Disclosure of financial assets [line items]
Interest income	R 329	R 258	R 185

Employee Benefits - Disclosure

Employee Benefits - Disclosure of Permanent Employees and Aggregate Earnings of Employees (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) numberOfEmployees	Jun. 30, 2023 ZAR (R) numberOfEmployees
Employee benefits [line items]
Total number of permanent employees | numberOfEmployees	34,715	34,913
Salaries and wages and other benefits (excluding share-based payments) | R	R 17,006	R 15,988
Retirement benefit costs | R	1,226	1,146
Medical aid contributions | R	403	382
Total aggregated earnings | R	R 18,635	R 17,516
South African operations
Employee benefits [line items]
Total number of permanent employees | numberOfEmployees	33,123	33,341
International operations
Employee benefits [line items]
Total number of permanent employees | numberOfEmployees	1,592	1,572
Wafi-Golpu Joint Operation
Employee benefits [line items]
Total number of permanent employees | numberOfEmployees	31	31

Employee Benefits - Narrative (

Employee Benefits - Narrative (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Employee Benefits [Abstract]
Termination costs	R 182	R 609

Share-Based Payments - Narrativ

Share-Based Payments - Narrative (Details)							12 Months Ended
	Sep. 18, 2023 R / shares	Sep. 19, 2022 R / shares	Sep. 20, 2021 R / shares	Sep. 18, 2020 R / shares	Sep. 18, 2019 R / shares	Jan. 15, 2019 shares	Jun. 30, 2024 ZAR (R) R / shares shares
Harmony ESOP Trust
Disclosure of terms and conditions of share-based payment arrangement [line items]
Ownership interest (as a percent)							2%
Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share)				R 74.90
Katleho ya Moruo Employee Share Ownership Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share)							R 175.65
Stock Value Issued Period, Exercise of Stock Options | R							1,273,502,507
Ordinary shares | Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares authorised | shares							25,000,000
Participation units | Katleho ya Moruo Employee Share Ownership Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period (in years)						5 years
Number of participation units awarded to each beneficiary under scheme | shares						360
Bottom of range | Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share)	R 84.88	R 42.48	R 45.58		R 45.89
Top of range | Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share)	R 105.85	R 47.25	R 57.93		R 56.87

Share-Based Payments - Total Co

Share-Based Payments - Total Costs Related to Employee Share-Based Payments (Details)						12 Months Ended
	Sep. 18, 2023 ZAR (R) R / shares	Sep. 19, 2022 R / shares	Sep. 20, 2021 R / shares	Sep. 18, 2020 R / shares	Sep. 18, 2019 R / shares	Jun. 30, 2024 ZAR (R) shares R / shares	Jun. 30, 2023 ZAR (R) shares	Jun. 30, 2022 ZAR (R)	Apr. 04, 2024 shares	Dec. 08, 2023 R / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees						R 244,000,000	R 114,000,000	R 200,000,000
90 Day Average Market Price | R / shares										100.66
Shares issued relating to exercise of share options (in shares) | shares						1,910,916	1,546,270
Harmony ESOP Trust
Disclosure of terms and conditions of share-based payment arrangement [line items]
Ownership interest (as a percent)						2%
Ordinary shares | Harmony ESOP Trust | Share trust controlled by entity
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares in entity held by entity or by its subsidiaries or associates (in shares) | shares									12,651,525
Sisonke ESOP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees						R 0	R 0	91,000,000
Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees						R 132,000,000	114,000,000	109,000,000
Spot share price (in SA rand per share) | R / shares				R 74.90
Management DSP | Ordinary shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of instruments granted in share-based payment arrangement | shares						4,262,157
Management DSP | Floor
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share) | R / shares	R 84.88	R 42.48	R 45.58		R 45.89
Management DSP | Floor | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility, share options granted	53.03%
Expected dividend, share options granted	0.79%
Spot Price on Grant Date	R 87.39
Risk free interest rate, share options granted	7.91%
Management DSP | Cap
Disclosure of terms and conditions of share-based payment arrangement [line items]
Spot share price (in SA rand per share) | R / shares	R 105.85	R 47.25	R 57.93		R 56.87
Management DSP | Cap | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility, share options granted	59.23%
Expected dividend, share options granted	1.88%
Spot Price on Grant Date	R 116.27
Risk free interest rate, share options granted	8.35%
Management DSP | Over five years [Member] | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period (in years)	5 years
Management DSP | Over three years [Member] | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period (in years)	3 years
Katleho ya Moruo Employee Share Ownership Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees						R 112,000,000	R 0	R 0
Spot share price (in SA rand per share) | R / shares						R 175.65

Share-Based Payments - Terms an

Share-Based Payments - Terms and Conditions of Options Granted Under share plans (Details)	12 Months Ended
	Jun. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of Terms and Conditions of Share-based Payment Arrangement	The shares were issued to the Harmony ESOP Trust (the Trust) on 4 April 2024. Each beneficiary under the scheme will be awarded 360 Participation Units (PU) from 1 July 2024, post year-end, if they qualified for the scheme upon its formation or within six months of the formation thereof. Thereafter, qualifying employees will be awarded PU on a pro-rata basis in line with the scheme rules. The PU will vest after a service period of five years commencing on 4 April 2024. The Katleho ya Moruo ESOP is equity-settled. Award Vesting Performance criteria PU* The PU will vest after 5 years from the date on which the service period commenced. The participant is still employed within the group. * Participation Unit refers to the vested rights of a beneficiary to an equal number of Harmony shares held by the Trust. Termination of employees' participation in the share scheme is based on "no fault" and "fault" definitions: • Fault All unvested and unexercised PU are lapsed and cancelled • No fault Accelerated vesting occurs and all unvested and unexercised PU are settled in accordance with the rules of the plan.
Management DSP
Disclosure of terms and conditions of share-based payment arrangement [line items]
Disclosure of Terms and Conditions of Share-based Payment Arrangement	Award Vesting Performance criteria DS* The awards will vest at a rate of 20% per annum over the following five years for executive directors and prescribed officers, and one-third per annum over the following three years for qualifying management. The participant is still employed within the group. * Deferred shares. Termination of employees' participation in the share scheme is based on "no fault" and "fault" definitions: • Fault All unvested and unexercised DS not yet vested are lapsed and cancelled • No fault All unvested and unexercised DS will continue in force to vest on the original vesting dates in accordance with the rules of the plan.
Executive Directors and Prescribed Officers | Year One | Management DSP | DS
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting percentage	20%
Executive Directors and Prescribed Officers | Year Two | Management DSP | DS
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting percentage	20%
Executive Directors and Prescribed Officers | Year three | Management DSP | DS
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting percentage	20%
Executive Directors and Prescribed Officers | Year four | Management DSP | DS
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting percentage	20%
Executive Directors and Prescribed Officers | Year five | Management DSP | DS
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting percentage	20%

Share-Based Payments - Activity

Share-Based Payments - Activity on Share Options (Details) R / shares in Units, R in Millions			12 Months Ended
	Sep. 18, 2023	Jan. 15, 2019	Jun. 30, 2024 ZAR (R) year R / shares	Jun. 30, 2023 ZAR (R) year R / shares
Management DSP | Over three years [Member] | September 18, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Vesting period (in years)	3 years
Management DSP | Over five years [Member] | September 18, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Vesting period (in years)	5 years
Participation units | Katleho ya Moruo Employee Share Ownership Plan
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Vesting period (in years)		5 years
DS | Management DSP
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at beginning of year			5,085,520	4,449,291
Options granted (in shares)			1,993,119	2,318,254
Options exercised or vested (in shares)			(1,765,592)	(1,480,166)
Options forfeited and lapsed (in shares)			(309,810)	(201,859)
Balance at end of year			5,003,237	5,085,520
DS | Management DSP | Over three years [Member] | September 18, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Weighted average option price (in SA rand per share) | R / shares			R 0	R 41
Gain realised by participants on options and rights traded during the year | R			R 0	R 12
Remaining life (years)			0	0
DS | Management DSP | Over three years [Member] | September 18, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Weighted average option price (in SA rand per share) | R / shares			R 85.46	R 41.50
Gain realised by participants on options and rights traded during the year | R			R 23	R 11
Remaining life (years)			0	0.2
DS | Management DSP | Over three years [Member] | September 20, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			692,409
Weighted average option price (in SA rand per share) | R / shares			R 85	R 40.21
Gain realised by participants on options and rights traded during the year | R			R 62	R 31
Remaining life (years)			0.2	1.2
DS | Management DSP | Over three years [Member] | September 19, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			1,007,583
Weighted average option price (in SA rand per share) | R / shares			R 82.20	R 0
Gain realised by participants on options and rights traded during the year | R			R 43	R 0
Remaining life (years)			1.2	0
DS | Management DSP | Over three years [Member] | September 18, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			1,429,778
Remaining life (years)			2.2
DS | Management DSP | Over five years [Member] | September 18, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			99,992
Weighted average option price (in SA rand per share) | R / shares			R 90.60	R 47.41
Gain realised by participants on options and rights traded during the year | R			R 3	R 2
Remaining life (years)			0.2	1.2
DS | Management DSP | Over five years [Member] | September 18, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			189,787
Weighted average option price (in SA rand per share) | R / shares			R 90.60	R 47.41
Gain realised by participants on options and rights traded during the year | R			R 4	R 2
Remaining life (years)			1.2	2.2
DS | Management DSP | Over five years [Member] | September 20, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			604,806
Weighted average option price (in SA rand per share) | R / shares			R 90.60	R 47.41
Gain realised by participants on options and rights traded during the year | R			R 9	R 4
Remaining life (years)			2.2	3.2
DS | Management DSP | Over five years [Member] | September 19, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			528,063
Weighted average option price (in SA rand per share) | R / shares			R 93.32	R 0
Gain realised by participants on options and rights traded during the year | R			R 7	R 0
Remaining life (years)			3.2	0
DS | Management DSP | Over five years [Member] | September 18, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Balance at end of year			450,819
Remaining life (years)			4.2

Share-Based Payments - Options

Share-Based Payments - Options by Grant Date (Details) - Management DSP - DS R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) year	Jun. 30, 2023 ZAR (R) year	Jun. 30, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments exercised or vested in share-based payment arrangement	1,765,592	1,480,166
Number of other equity instruments forfeited in share-based payment arrangement	309,810	201,859
Number of options and rights (in shares)	5,003,237	5,085,520	4,449,291
Over three years [Member] | September 18, 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Remaining life (years)	0	0
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 0	R 12
Over three years [Member] | September 18, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Remaining life (years)	0	0.2
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 23	R 11
Over three years [Member] | September 20, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	692,409
Remaining life (years)	0.2	1.2
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 62	R 31
Over three years [Member] | September 19, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	1,007,583
Remaining life (years)	1.2	0
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 43	R 0
Over three years [Member] | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	1,429,778
Remaining life (years)	2.2
Over five years [Member] | September 18, 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	99,992
Remaining life (years)	0.2	1.2
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 3	R 2
Over five years [Member] | September 18, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	189,787
Remaining life (years)	1.2	2.2
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 4	R 2
Over five years [Member] | September 20, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	604,806
Remaining life (years)	2.2	3.2
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 9	R 4
Over five years [Member] | September 19, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	528,063
Remaining life (years)	3.2	0
Other Equity Instruments Exercised, Gain (Loss) Realised by Plan Participants | R	R 7	R 0
Over five years [Member] | September 18, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options and rights (in shares)	450,819
Remaining life (years)	4.2

Related Parties - Disclosure of

Related Parties - Disclosure of Directors’ Renumeration (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Executive directors
Disclosure of transactions between related parties [line items]
Salaries	R 23	R 23
Retirement contributions	3	3
Bonuses	12	8
Exercise/settlement of share options	13	6
Key management personnel compensation	51	40
Non-executive directors
Disclosure of transactions between related parties [line items]
Directors' fees	R 13	R 14

Related Parties - Narrative (De

Related Parties - Narrative (Details)	12 Months Ended
	Jun. 30, 2024
Rand Refinery
Disclosure of transactions between related parties [line items]
Ownership interest (as a percent)	10.38%

Related Parties - Disclosure _2

Related Parties - Disclosure of Directors and Prescribed Officers Who Own Shares in Harmony (Details) - shares	Jun. 30, 2024	Jun. 30, 2023
Directors | Peter Steenkamp
Disclosure of transactions between related parties [line items]
Number of shares held	612,436	598,513
Directors | Boipelo Lekubo
Disclosure of transactions between related parties [line items]
Number of shares held	52,918	24,753
Directors | Harry 'Mashego' Mashego
Disclosure of transactions between related parties [line items]
Number of shares held	55,053	28,975
Prescribed officers | Beyers Nel
Disclosure of transactions between related parties [line items]
Number of shares held	79,706	54,195
Prescribed officers | Marian van der Walt
Disclosure of transactions between related parties [line items]
Number of shares held	47,092	66,870
Prescribed officers | Melanie Naidoo-Vermaak
Disclosure of transactions between related parties [line items]
Number of shares held		7,966
Prescribed officers | Johannes Van Heerden
Disclosure of transactions between related parties [line items]
Number of shares held	74,065	42,310
Prescribed officers | Anton Buthelezi, Prescribed Officer
Disclosure of transactions between related parties [line items]
Number of shares held	13,390	0

Related Parties - Disclosure _3

Related Parties - Disclosure of Transactions with Related Parties (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of transactions between related parties [line items]
Sales and services rendered to related parties	R 5	R 4
Purchases and services acquired from related parties	76	69
Joint operations
Disclosure of transactions between related parties [line items]
Sales and services rendered to related parties	5	4
Associates
Disclosure of transactions between related parties [line items]
Purchases and services acquired from related parties	R 76	R 69

Commitments and Contingencies -

Commitments and Contingencies - Disclosure of Guarantees (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Other provisions, contingent liabilities and contingent assets [Abstract]
Contracts for capital expenditure	R 1,681	R 1,893
Share of joint operation's contracts for capital expenditure	21	160
Authorised capital commitments but not contracted for	14,442	8,525
Total capital commitments	16,144	10,578
Disclosure of contingent liabilities [line items]
Authorised capital commitments but not contracted for	14,442	8,525
Financial assets pledged as collateral for liabilities or contingent liabilities	217	181
Mponeng [Member]
Other provisions, contingent liabilities and contingent assets [Abstract]
Authorised capital commitments but not contracted for	2,900
Disclosure of contingent liabilities [line items]
Authorised capital commitments but not contracted for	2,900
Solar projects
Other provisions, contingent liabilities and contingent assets [Abstract]
Authorised capital commitments but not contracted for	1,500
Disclosure of contingent liabilities [line items]
Authorised capital commitments but not contracted for	1,500
Zaaiplaats project
Other provisions, contingent liabilities and contingent assets [Abstract]
Authorised capital commitments but not contracted for	1,000
Disclosure of contingent liabilities [line items]
Authorised capital commitments but not contracted for	1,000
Total guarantees
Disclosure of contingent liabilities [line items]
Guarantees	1,028	1,000
Guarantees and surityships
Disclosure of contingent liabilities [line items]
Guarantees	519	500
Environmental guarantees
Disclosure of contingent liabilities [line items]
Guarantees	R 509	R 500

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) R in Millions, $ in Millions	Dec. 01, 2008 ZAR (R) shares	Jun. 30, 2024 ZAR (R)	Jun. 30, 2023 ZAR (R)	Dec. 01, 2008 USD ($)
Disclosure of contingent liabilities [line items]
Additional cash payable when decision to mine is made | $				$ 7
Wafi-Golpu Joint Operation
Disclosure of contingent liabilities [line items]
Contractual obligations in respect of mineral tenement leases		R 64	R 23
Additional cash payable when decision to mine is made | $				3
Rio Tinto
Disclosure of contingent liabilities [line items]
Shares issued for purchase of rights to the royalty agreement (in shares) | shares	3,364,675
Value of shares on transaction date	R 242
Additional cash payable when decision to mine is made | $				$ 10
Liability for environmental disturbances and degradation caused before the effective date (in excess of)
Disclosure of contingent liabilities [line items]
Financial exposure		75
Liability for environmental disturbances and degradation caused before the effective date (in excess of) | Rand Uranium
Disclosure of contingent liabilities [line items]
Financial exposure		75
Contingent Liability for rates payable | Floor
Disclosure of contingent liabilities [line items]
Financial exposure		124
Contingent Liability for rates payable | Cap
Disclosure of contingent liabilities [line items]
Financial exposure		164
Contingent liability payable for rates, Harmony | Floor
Disclosure of contingent liabilities [line items]
Financial exposure		17
Contingent liability payable for rates, Harmony | Cap
Disclosure of contingent liabilities [line items]
Financial exposure		R 69

Financial Risk Management - Sch

Financial Risk Management - Schedule of Financial Assets and Liabilities (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure Of Financial Assets And Liabilities [Line Items]
Total assets	R 60,460	R 57,240	R 46,808
Borrowings | Financial liabilities at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	1,794	5,695
Other non-current liabilities | Financial liabilities at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	271	332
Trade and other payables | Financial liabilities at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	1,964	2,022
Contingent consideration liability | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	965	589
Other non-current assets | Debt instruments at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	8	15
Other non-current assets | Equity instruments designated at fair value through OCI
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	88	78
Other non-current assets | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	68	101
Trade and other receivables | Debt instruments at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	1,588	1,561
Cash and cash equivalents | Debt instruments at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	4,693	2,867
Restricted Cash and Investments | Debt instruments at amortised cost
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	4,629	4,152
Restricted Cash and Investments | Equity instruments designated at fair value through OCI
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	335	305
Restricted Cash and Investments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	1,569	1,705
Not designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	21	69
Not designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	42	152
Not designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	101	101
Not designated as hedging instrument | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	425	32
Not designated as hedging instrument | US$ silver contracts | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	3	16
Not designated as hedging instrument | US$ silver contracts | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets		28
Not designated as hedging instrument | Foreign exchange hedging contracts | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	98	85
Not designated as hedging instrument | Foreign exchange hedging contracts | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	425	4
Foreign exchange hedging contracts | Not designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities		69
Foreign exchange hedging contracts | Not designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	152
US$ silver contracts | Not designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	21
US$ silver contracts | Not designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	42
Cash flow hedges | Designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	588	401
Cash flow hedges | Designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	1,460	909
Cash flow hedges | Designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	352	168
Cash flow hedges | Designated as hedging instrument | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	133	78
Cash flow hedges | Rand Gold Hedging Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	510	401
Cash flow hedges | Rand Gold Hedging Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	1,289	890
Cash flow hedges | Rand Gold Hedging Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	172	135
Cash flow hedges | Rand Gold Hedging Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	110	44
Cash flow hedges | US$ Gold Hedging Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	77
Cash flow hedges | US$ Gold Hedging Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	159	19
Cash flow hedges | US$ Gold Hedging Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	27	33
Cash flow hedges | US$ Gold Hedging Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	3	R 34
Cash flow hedges | Rand Gold Collars Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	9
Cash flow hedges | Rand Gold Collars Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	135
Cash flow hedges | Rand Gold Collars Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	20
Cash flow hedges | US Gold Collars Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	1
Cash flow hedges | US Gold Collars Contracts | Designated as hedging instrument | Current derivative financial instruments | Financial liabilities at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial liabilities	3
Cash flow hedges | US Gold Collars Contracts | Designated as hedging instrument | Non-current derivative financial instruments | Financial assets at fair value through profit or loss
Disclosure Of Financial Assets And Liabilities [Line Items]
Financial assets	R 18

Financial Risk Management - For

Financial Risk Management - Foreign Exchange Risk (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R)	Jun. 30, 2024 ZAR (R)	Jun. 30, 2024 ZAR (R)	Jun. 30, 2024 ZAR (R) ZAR_per_AUD	Jun. 30, 2024 ZAR (R) southAfricanRandPerUSDollar	Jun. 30, 2024 ZAR (R) australianDollarPerPapuaNewGuineanKina	Jun. 30, 2023 ZAR (R)	Jun. 30, 2023 ZAR (R)	Jun. 30, 2023 ZAR (R) ZAR_per_AUD	Jun. 30, 2023 ZAR (R) southAfricanRandPerUSDollar	Jun. 30, 2023 ZAR (R) australianDollarPerPapuaNewGuineanKina	Jun. 30, 2022 ZAR (R) R / $	Jun. 30, 2024 R / $	Jun. 30, 2024 papuaNewGuineanKinaPerAustralianDollar	Jun. 30, 2024 ZAR_per_AUD	Jun. 30, 2024 southAfricanRandPerUSDollar	Jun. 30, 2024 USD_per_AUD	Jun. 30, 2023 R / $	Jun. 30, 2023 papuaNewGuineanKinaPerAustralianDollar	Jun. 30, 2023 ZAR_per_AUD	Jun. 30, 2023 USD_per_AUD	Jun. 30, 2022 ZAR_per_AUD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Foreign exchange rate risk hedged limit (as a percent)			25%
Foreign exchange risk exposure term	24 months
Closing rate												16.27	18.19	2.57	12.14	18.19		18.83	2.38	12.56		11.25
Foreign exchange translation gain/(loss)		R (943)					R 1,123					R 742
Remeasurement of gold hedging contracts		(499)					(1,233)					R (571)
Floor
Disclosure of nature and extent of risks arising from financial instruments [line items]
Closing daily foreign exchange rate				11.71	17.54	2.30			11.19	16.17	2.18
Cap
Disclosure of nature and extent of risks arising from financial instruments [line items]
Closing daily foreign exchange rate				12.72	19.51	2.60			12.94	19.81	2.52
Current derivative financial instruments | Not designated as hedging instrument | Financial assets at fair value through profit or loss, category [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial assets	R 425	425	R 425	R 425	R 425	R 425	32	R 32	R 32	R 32	R 32
US$ silver contracts | Current derivative financial instruments | Not designated as hedging instrument | Financial assets at fair value through profit or loss, category [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial assets							28	28	28	28	28
Currency risk | Financial assets | US$ against AU$
Disclosure of nature and extent of risks arising from financial instruments [line items]
Risk exposure	252	252	R 252	252	252	252	408	R 408	408	408	408
Reasonably possible increase in risk variable percent			3%					4%
Increase by 3%, impact on earnings		7					16
Decrease by 3%, impact on earnings		(8)					(17)
Closing rate | USD_per_AUD																	0.67				0.67
Currency risk | Derivative financial instruments | Rand against US$
Disclosure of nature and extent of risks arising from financial instruments [line items]
Risk exposure	523	523	R 523	523	523	523	(132)	R (132)	(132)	(132)	(132)
Reasonably possible increase in risk variable percent			3%					5%
Increase by 3%, impact on earnings		250					495
Reasonably possible decrease in risk variable percent			3%					5%
Decrease by 3%, impact on earnings		(241)					(615)
Closing rate | R / $													18.19					18.83
Currency risk | Borrowings | Rand against US$
Disclosure of nature and extent of risks arising from financial instruments [line items]
Risk exposure	1,794	1,794	R 1,794	1,794	1,794	1,794	5,695	R 5,695	5,695	5,695	5,695
Reasonably possible increase in risk variable percent			3%					5%
Increase by 3%, impact on earnings		54					285
Reasonably possible decrease in risk variable percent			3%					5%
Decrease by 3%, impact on earnings		(54)					(285)
Closing rate | R / $													18.19					18.83
Currency risk | Contingent Consideration Liability (Eva) | US$ against AU$
Disclosure of nature and extent of risks arising from financial instruments [line items]
Risk exposure	378	378	R 378	378	378	378	185	R 185	185	185	185
Reasonably possible increase in risk variable percent			3%					4%
Increase by 3%, impact on earnings		11					7
Reasonably possible decrease in risk variable percent			3%					4%
Decrease by 3%, impact on earnings		(11)					(8)
Closing rate | R / $													0.67					0.67
Currency risk | Contingent Consideration Liability (Mponeng) | Rand against US$
Disclosure of nature and extent of risks arising from financial instruments [line items]
Risk exposure	R 587	587	R 587	R 587	R 587	R 587	404	R 404	R 404	R 404	R 404
Reasonably possible increase in risk variable percent			3%					5%
Increase by 3%, impact on earnings		18					20
Reasonably possible decrease in risk variable percent			3%					5%
Decrease by 3%, impact on earnings		R (18)					R (20)
Closing rate | R / $													18.19					18.83

Financial Risk Management - Com

Financial Risk Management - Commodity Price Sensitivity (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) $ / Ounce	Jun. 30, 2023 ZAR (R) $ / Ounce
Disclosure of nature and extent of risks arising from financial instruments [line items]
Limit of silver production hedged (as a percent)	50%
Silver production period hedged (in months)	24 months
Prior Maximum Gold Production Hedged, as a Percent		20%
Prior Gold Production Period Hedged		24 months
– 12 months
Disclosure of nature and extent of risks arising from financial instruments [line items]
Limit of gold production hedged (as a percent)	30%
Between one to two years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Limit of gold production hedged (as a percent)	20%
Due between two to three years5
Disclosure of nature and extent of risks arising from financial instruments [line items]
Limit of gold production hedged (as a percent)	10%
Cap
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gold Spot Price | $ / Ounce	2,425	2,051
Floor
Disclosure of nature and extent of risks arising from financial instruments [line items]
Gold Spot Price | $ / Ounce	1,820	1,622
Cash flow hedges | Commodity price risk | US$ Gold Hedging Contracts
Disclosure of nature and extent of risks arising from financial instruments [line items]
Reasonably possible increase in risk variable percent	8%	7%
Reasonably possible decrease in risk variable percent	8%	7%
Increase by 8%, impact on other comprehensive income	R (418)	R (141)
Decrease by 8%, impact on other comprehensive income	R 376	R 137
Cash flow hedges | Commodity price risk | Rand Gold Hedging Contracts
Disclosure of nature and extent of risks arising from financial instruments [line items]
Reasonably possible increase in risk variable percent	8%	7%
Reasonably possible decrease in risk variable percent	8%	7%
Increase by 8%, impact on other comprehensive income	R (2,740)	R (1,472)
Decrease by 8%, impact on other comprehensive income	R 2,439	R 1,314

Financial Risk Management - Oth

Financial Risk Management - Other Price Risk (Details) - Other price risk	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of nature and extent of risks arising from financial instruments [line items]
Reasonably possible increase in risk variable percent	2%	6%
Reasonably possible decrease in risk variable percent	2%	6%

Financial Risk Management - Int

Financial Risk Management - Interest Rate Risk (Details) - Interest rate risk R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) Basis_points	Jun. 30, 2023 ZAR (R) Basis_points
Financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Increase by 1%, impact on earnings | R	R 38	R 34
Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Decrease In Risk Variable, Basis points | Basis_points	41	50
Decrease by 1%, impact on earnings | R	R (38)	R (34)
Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Increase In Risk Variable, Basis points | Basis_points	41	50
US$ denominated borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Increase by 1%, impact on earnings | R	R (10)	R (9)
Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Decrease In Risk Variable, Basis points | Basis_points	53	15
Decrease by 1%, impact on earnings | R	R 10	R 9
Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Increase In Risk Variable, Basis points | Basis_points	53	15

Financial Risk Management - Cre

Financial Risk Management - Credit Risk (Details) - ZAR (R) R in Millions	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	R 13,566	R 10,780
Restricted investments	6,044	5,687
Restricted Investments Collective investment scheme combined (unit trust)
Disclosure of detailed information about financial instruments [line items]
Restricted investments	75	212
Equity investments
Disclosure of detailed information about financial instruments [line items]
Restricted investments	335	305
Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	4,693	2,867
Restricted Cash and Investments
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	6,123	5,645
Derivative financial assets
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	1,011	379
AA Plus | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	3,598	2,093
AA Plus | Restricted Cash and Investments
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	5,722	5,411
AA Plus | Derivative financial assets
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	407	117
A Plus | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk		774
A Plus | Derivative financial assets
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	227	135
AAA | Restricted Cash and Investments
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	401	234
AA | Derivative financial assets
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	221	0
AA Minus | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	1,095
AA Minus | Derivative financial assets
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	R 156	R 127

Financial Risk Management - Liq

Financial Risk Management - Liquidity Risk (Details) R in Millions, $ in Millions

12 Months Ended

Jun. 30, 2024 R / $

Jun. 30, 2024 ZAR (R)

Jun. 30, 2024 USD ($)

Jun. 30, 2024 papuaNewGuineanKinaPerAustralianDollar

Jun. 30, 2024 ZAR_per_AUD

Jun. 30, 2024 southAfricanRandPerUSDollar

Jun. 30, 2023 R / $

Jun. 30, 2023 ZAR (R)

Jun. 30, 2023 papuaNewGuineanKinaPerAustralianDollar

Jun. 30, 2023 ZAR_per_AUD

Jun. 30, 2022 R / $

Jun. 30, 2022 ZAR_per_AUD

May 30, 2022 USD ($)

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Extension term of facility

12 months

Closing rate

18.19

2.57

12.14

18.19

18.83

2.38

12.56

16.27

11.25

US$400 million facility - Sustainability Linked

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Maximum borrowing capacity | $

$ 400

US$400 million facility - Sustainability Linked | Term loan

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Maximum borrowing capacity | $

$ 100

Liquidity risk | US$400 million facility - Sustainability Linked | Term loan

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Maximum borrowing capacity | $

$ 100

Liquidity risk | Due between 0 to five years

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Contingent consideration liability1

R 636

R 604

Liquidity risk | Due between six to 10 years

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Contingent consideration liability1

414

225

Liquidity risk | Due between 10 to 15 years

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Contingent consideration liability1

490

471

Liquidity risk | Due between 15 to 20 years

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Contingent consideration liability1

461

Liquidity risk | Current

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Contingent consideration liability1

115

Lease liability, undiscounted cash flows

270

235

Trade and other payables (excluding non-financial liabilities)2,4

1,704

1,806

Financial liabilities

3,860

4,101

Liquidity risk | Due between 0 to six months

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Derivative financial liabilities4

973

609

Borrowings4

75

597

Liquidity risk | Due between six to 12 months

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Derivative financial liabilities4

649

639

Borrowings4

74

215

Liquidity risk | Expiring after one year

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Other non-current liabilities2

25

22

Lease liability, undiscounted cash flows

313

401

Financial liabilities

5,207

8,626

Liquidity risk | Due between one to two years

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Derivative financial liabilities4

766

812

Borrowings4

149

431

Liquidity risk | Due between two to three years5

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Borrowings4

1,953

R 5,660

Liquidity risk | Borrowings Final Repayment of Capital, May 2027

Disclosure of maturity analysis for non-derivative financial liabilities [line items]

Borrowings4

R 1,819

Financial Risk Management - Cap

Financial Risk Management - Capital Risk Management, Net Debt (Details) R in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R)	Jun. 30, 2023 ZAR (R)	Jun. 30, 2022 ZAR (R)	Dec. 16, 2022 ZAR (R)	Dec. 16, 2022 USD ($)	Jun. 30, 2021 ZAR (R)
Disclosure of detailed information about financial instruments [line items]
Repayments of borrowings, classified as financing activities	R 4,047	R 2,071	R 3,601
Cash and cash equivalents	4,693	2,867	R 2,448			R 2,819
Borrowings	(1,794)	(5,695)
Net cash/(debt)	R 2,899	R (2,828)
Eva Copper operations and related assets
Disclosure of detailed information about financial instruments [line items]
Cash consideration paid				R 2,996	$ 170

Financial Risk Management - Fai

Financial Risk Management - Fair Value Determination for Financial Assets and Liabilities (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) Basis_points	Jun. 30, 2023 ZAR (R) Basis_points	Dec. 16, 2022	Jun. 30, 2022 ZAR (R)	Oct. 01, 2020
Disclosure of fair value measurement of assets [line items]
Assets	R 60,460	R 57,240		R 46,808
Contingent consideration liability	850	589
Contingent consideration Liabilities Recognised	R 965	R 589		R 356
Mponeng operations and related assets
Disclosure of fair value measurement of assets [line items]
Discount rate applied to cash flow projections	10.50%	9.60%		10.20%	10.60%
Eva Copper operations and related assets
Disclosure of fair value measurement of assets [line items]
Discount rate applied to cash flow projections			12.90%
Contingent consideration Liabilities Recognised	R 378	R 185
Contingent consideration liability | Mponeng [Member]
Disclosure of fair value measurement of assets [line items]
Contingent consideration Liabilities Recognised		(404)
Contingent consideration liability | Eva Copper operations and related assets
Disclosure of fair value measurement of assets [line items]
Contingent consideration Liabilities Recognised		(185)
Financial assets at fair value through other comprehensive income | Other non-current assets | Level 3
Disclosure of fair value measurement of assets [line items]
Assets	88	78
Financial assets at fair value through other comprehensive income | Restricted Cash and Investments | Level 1 of fair value hierarchy [member]
Disclosure of fair value measurement of assets [line items]
Assets	335	305
Financial assets at fair value through profit or loss | Other non-current assets | Level 3
Disclosure of fair value measurement of assets [line items]
Assets	68	101
Financial assets at fair value through profit or loss | Derivative financial instruments | Level 2
Disclosure of fair value measurement of assets [line items]
Assets	1,011	379
Financial assets at fair value through profit or loss | Restricted Cash and Investments | Level 2
Disclosure of fair value measurement of assets [line items]
Assets	1,569	1,705
Financial liabilities at fair value through profit or loss | Derivative financial instruments | Level 2
Disclosure of fair value measurement of assets [line items]
Liabilities	(2,111)	(1,531)
Financial liabilities at fair value through profit or loss | Contingent consideration liability | Level 3
Disclosure of fair value measurement of assets [line items]
Liabilities	R (965)	R (589)
Financial liabilities at fair value through profit or loss | Contingent consideration liability | Level 3  | Mponeng operations and related assets
Disclosure of fair value measurement of assets [line items]
Discount rate applied to cash flow projections	10.50%	9.60%
Financial liabilities at fair value through profit or loss | Contingent consideration liability | Level 3  | Eva Copper operations and related assets
Disclosure of fair value measurement of assets [line items]
Discount rate applied to cash flow projections	11.40%	12.90%
ARM BBEE Trust | Financial assets at fair value through profit or loss | Other non-current assets | Level 3
Disclosure of fair value measurement of assets [line items]
Discount rate applied to cash flow projections	12.60%	12.70%
Fair value model [member] | ARM BBEE Trust | Other non-current assets | Level 3
Disclosure of fair value measurement of assets [line items]
Sensitivity Analysis For Types Of Fair Value Risk, Reasonably Increase In Risk Variable, Basis points | Basis_points	73	37
Sensitivity analysis for types of fair value risk, reasonable decrease in risk variable, Basis points | Basis_points	73	37
Sensitivity Analysis For Types Of Fair Value Risk, Reasonably Increase In Risk Variable, Basis points | Basis_points	73	37
Sensitivity analysis for types of fair value risk, reasonable decrease in risk variable, Basis points | Basis_points	73	37
Fair value model [member] | AngloGold Ashanti | Contingent consideration liability
Disclosure of fair value measurement of assets [line items]
Sensitivity analysis for types of fair value risk, reasonably increase in risk variable, Percent	9.70%	9.80%
Sensitivity analysis for types of fair value risk, reasonably decrease in risk variable, Percent	9.70%	9.80%
Sensitivity analysis for types of fair value risk, reasonably Increase in risk variable, Impact on Pre-Tax Earnings	R 354	R 411
Sensitivity analysis for types of fair value risk, reasonably Decrease in risk variable, Impact on Pre-Tax Earnings	R (340)	R 314
Fair value model [member] | Copper Mountain Mining Corporation | Contingent consideration liability
Disclosure of fair value measurement of assets [line items]
Sensitivity analysis for types of fair value risk, reasonably change in risk variable, Percent	10.40%

Subsequent Events (Details)

Subsequent Events (Details) R / shares in Units, R in Millions, $ in Millions

12 Months Ended

Oct. 14, 2024 R / shares

Sep. 04, 2024 R / shares

Jul. 30, 2024 AUD ($)

Apr. 15, 2024 R / shares

Oct. 16, 2023 R / shares

Oct. 17, 2022 R / shares

Aug. 29, 2022 R / shares

Apr. 11, 2022 R / shares

Jun. 30, 2024 ZAR (R) R / shares

Jun. 30, 2023 ZAR (R) R / shares

Jun. 30, 2022 ZAR (R) R / shares

Sep. 01, 2024 ZAR (R)

Disclosure of non-adjusting events after reporting period [line items]

Dividends recognised as distributions to owners per share | R / shares

R 0.94

R 0.22

Dividends per share, ordinary shares | R / shares

R 0.94

R 1.47

R 0.75

R 0.22

R 0.40

R 2.22

R 0.22

R 0.67

Retirement benefit obligation

R 290

R 264

R 251

Queensland Government

Disclosure of non-adjusting events after reporting period [line items]

Future Government grant | $

$ 20.7

RMA Life Assurance Company Limited

Disclosure of non-adjusting events after reporting period [line items]

Payments In Respect Of Settlements Net Defined Benefit Liability

R 350

Retirement benefit obligation

R 290

Segment Report - Narrative (Det

Segment Report - Narrative (Details) R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) product	Jun. 30, 2023 ZAR (R)	Jun. 30, 2022 ZAR (R)
Disclosure of operating segments [line items]
Number of economic products | product	1
Additions other than through business combinations, property, plant and equipment	R 8,327	R 7,598	R 6,192
Segment Report	Segment report Accounting policy Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM). The CODM has been identified as the Group CEO's office. The group has one main economic product, being gold. In order to determine operating and reportable segments, management reviewed various factors, including geographical location as well as managerial structure. It was determined that an operating segment consists of a shaft or a group of shafts or open pit mine managed by an operational management team. After applying the qualitative and quantitative thresholds from IFRS 8 Operating Segments , the reportable segments were determined as: Tshepong North, Tshepong South, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Mponeng, Mine Waste Solutions and Hidden Valley. All other operating segments have been grouped together under all other surface operations. The CODM has been identified as the Group CEO's office consisting of the: • Chief executive officer • Financial director • Executive director: Stakeholder relations and Corporate affairs • Group Chief operating officer: Operations • Group Chief operating officer: Chief Development Officer • Chief financial officer: Treasury • Senior executive: Chief Corporate Officer • Senior executive: Chief Sustainability Officer • Senior executive: Chief People Officer • Executive: Chief Technology and Information Officer • Executive operating officer: South Africa Operations • Executive operating officer: Australasia Operations. When assessing profitability, the CODM considers the revenue and production costs of each segment. The net of these amounts is the production profit or loss. Therefore, production profit has been disclosed in the segment report as the measure of profit or loss. The CODM also considers capital expenditure, gold production and tonnes milled when assessing the overall economic sustainability of each segment. The CODM, however, does not consider depreciation or impairment and therefore these amounts have not been disclosed in the segment report. Segment assets consist of mining assets and mining assets under construction included under property, plant and equipment which can be attributed to the segment. Current and non-current group assets that are not allocated at a segment level form part of the reconciliation to total assets. A reconciliation of the segment totals to the group financial statements has been included in note 40. continued Revenue 1 30 June Production cost 30 June Production Segment assets Capital expenditure # 30 June Kilograms produced* Tonnes milled* 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Rand million Rand million Rand million Rand million Rand million Kg 000t South Africa Underground Moab Khotsong 8 108 7 036 5 779 4 638 4 515 4 038 3 470 2 521 1 741 6 017 5 125 4 324 1 330 1 167 894 6 599 6 668 6 508 822 920 959 Mponeng 10 577 7 845 5 620 5 795 4 997 4 487 4 782 2 848 1 133 4 438 4 630 4 433 890 704 605 8 751 7 449 6 086 880 884 840 Tshepong North 3 877 3 530 3 429 2 827 2 701 2 894 1 050 829 535 2 369 2 226 2 049 559 553 1 038 3 248 3 354 3 793 726 795 988 Tshepong South 3 734 3 607 2 922 2 564 2 395 2 190 1 170 1 212 732 2 326 2 043 1 730 527 514 476 3 129 3 431 3 229 465 506 573 Doornkop 4 198 4 384 3 106 3 041 3 009 2 453 1 157 1 375 653 3 924 3 624 3 222 686 716 491 3 470 4 213 3 444 815 898 874 Joel 2 079 2 044 1 411 1 663 1 616 1 308 416 428 103 1 372 1 306 1 244 235 231 225 1 733 1 947 1 556 401 435 434 Target 1 2 262 1 308 1 648 2 352 2 009 1 812 (90) (701) (164) 1 951 1 745 1 517 488 428 384 1 859 1 275 1 800 462 365 455 Kusasalethu 4 638 3 621 4 139 3 670 3 343 3 086 968 278 1 053 520 634 822 226 253 210 3 842 3 460 4 567 584 567 607 Masimong 2 137 2 053 1 733 1 852 1 724 1 504 285 329 229 — 16 17 44 47 49 1 780 1 961 1 910 473 470 486 Bambanani 2 — 18 1 286 — 16 1 163 — 2 123 — — — — — 25 — — 1 433 — — 176 Surface Mine Waste Solutions 4 016 2 689 2 642 2 047 1 809 1 588 1 969 880 1 054 3 546 2 060 1 027 1 463 932 264 3 770 2 804 2 899 22 655 23 067 23 443 All other surface operations 6 463 4 945 4 868 3 694 3 371 3 551 2 769 1 574 1 317 1 268 1 234 1 066 338 316 282 5 296 4 719 5 304 19 676 19 382 20 737 Total South Africa 52 089 43 080 38 583 34 143 31 505 30 074 17 946 11 575 8 509 27 731 24 643 21 451 6 786 5 861 4 943 43 477 41 281 42 529 47 959 48 289 50 572 International Hidden Valley 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total international 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total operations 58 270 47 520 41 742 36 390 33 541 32 196 21 880 13 979 9 546 33 301 30 409 25 592 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 Reconciliation of segment information to the consolidated income 3 109 1 755 903 2 533 1 325 903 576 430 — 27 159 26 831 21 216 — — — — — — — — — 61 379 49 275 42 645 38 923 34 866 33 099 22 456 14 409 9 546 60 460 57 240 46 808 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R71 million (2023: R41 million) (2022: R22 million). * Production statistics are unaudited. 1 Segment revenue consists of revenue from the sale of gold, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement. 2 The Bambanani operation closed during June 2022. The transactions in the prior year relate to the inventory at 30 June 2022. SA Rand Figures in million 2024 2023 2022 Reconciliation of production profit to consolidated profit/(loss) Revenue per segment report 58 270 47 520 41 742 Revenue per income statement 61 379 49 275 42 645 Other metal sales treated as by-product credits in the segment report (2 533) (1 325) (903) Toll treatment services (576) (430) — Production costs per segment report (36 390) (33 541) (32 196) Production costs per income statement (38 923) (34 866) (33 099) Other metal sales treated as by-product credits in the segment report 2 533 1 325 903 Production profit per segment report 21 880 13 979 9 546 Revenue not included in segments 576 430 — Cost of sales items other than production costs (8 310) (4 669) (8 828) Amortisation and depreciation of mining assets (4 546) (3 355) (3 622) Amortisation and depreciation of assets other than mining assets (96) (99) (61) Rehabilitation expenditure (3) (32) (136) Care and maintenance cost of restructured shafts (246) (227) (273) Employment termination and restructuring costs (86) (597) (218) Share-based payments (171) (51) (143) Impairment of assets (2 793) — (4 433) Toll treatment costs (420) (323) — Other 51 15 58 Gross profit 14 146 9 740 718 Corporate, administration and other expenditure (1 294) (1 044) (984) Exploration expenditure (1 047) (506) (214) Gains/(losses) on derivatives 453 (194) 53 Foreign exchange translation gain/(loss) 97 (634) (327) Other operating expenses (679) (268) (1) Operating profit/(loss) 11 676 7 094 (755) Acquisition-related costs — (214) — Share of profit from associate 81 57 63 Investment income 809 663 352 Finance costs (796) (994) (718) Profit/(loss) before taxation 11 770 6 606 (1 058) 40 Reconciliation of segment information to consolidated income statement and balance sheet continued SA Rand Figures in million 2024 2023 2022 Reconciliation of total segment assets to consolidated assets Non-current assets Property, plant and equipment not allocated to a segment 8 047 11 098 7 280 Mining assets (a) 1 064 1 080 943 Undeveloped property (b) 4 475 7 384 4 004 Other non-mining assets 567 516 510 Assets under construction (c) 1 941 2 118 1 823 Intangible assets 19 33 48 Restricted cash and investments 6 494 6 121 5 555 Investments in associates 165 111 125 Deferred tax assets 140 189 203 Other non-current assets 344 332 374 Derivative financial assets 453 269 137 Current assets Inventories 3 603 3 265 2 818 Restricted cash and investments 39 41 27 Trade and other receivables 2 604 2 395 1 682 Derivative financial assets 558 110 519 Cash and cash equivalents 4 693 2 867 2 448 Total 27 159 26 831 21 216 (a) These balances relate to Wafi-Golpu assets and assets that provide services to several CGUs, such as Harmony One Plant. (b) Undeveloped properties comprise the Target North property, Eva Copper (refer to note 14) and Wafi-Golpu’s undeveloped properties. Refer to note 6 for details on the impairment of Target North. (c) Assets under construction consist of the Wafi-Golpu assets.
Segment Report	Segment report continued Revenue 1 30 June Production cost 30 June Production Segment assets Capital expenditure # 30 June Kilograms produced* Tonnes milled* 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Rand million Rand million Rand million Rand million Rand million Kg 000t South Africa Underground Moab Khotsong 8 108 7 036 5 779 4 638 4 515 4 038 3 470 2 521 1 741 6 017 5 125 4 324 1 330 1 167 894 6 599 6 668 6 508 822 920 959 Mponeng 10 577 7 845 5 620 5 795 4 997 4 487 4 782 2 848 1 133 4 438 4 630 4 433 890 704 605 8 751 7 449 6 086 880 884 840 Tshepong North 3 877 3 530 3 429 2 827 2 701 2 894 1 050 829 535 2 369 2 226 2 049 559 553 1 038 3 248 3 354 3 793 726 795 988 Tshepong South 3 734 3 607 2 922 2 564 2 395 2 190 1 170 1 212 732 2 326 2 043 1 730 527 514 476 3 129 3 431 3 229 465 506 573 Doornkop 4 198 4 384 3 106 3 041 3 009 2 453 1 157 1 375 653 3 924 3 624 3 222 686 716 491 3 470 4 213 3 444 815 898 874 Joel 2 079 2 044 1 411 1 663 1 616 1 308 416 428 103 1 372 1 306 1 244 235 231 225 1 733 1 947 1 556 401 435 434 Target 1 2 262 1 308 1 648 2 352 2 009 1 812 (90) (701) (164) 1 951 1 745 1 517 488 428 384 1 859 1 275 1 800 462 365 455 Kusasalethu 4 638 3 621 4 139 3 670 3 343 3 086 968 278 1 053 520 634 822 226 253 210 3 842 3 460 4 567 584 567 607 Masimong 2 137 2 053 1 733 1 852 1 724 1 504 285 329 229 — 16 17 44 47 49 1 780 1 961 1 910 473 470 486 Bambanani 2 — 18 1 286 — 16 1 163 — 2 123 — — — — — 25 — — 1 433 — — 176 Surface Mine Waste Solutions 4 016 2 689 2 642 2 047 1 809 1 588 1 969 880 1 054 3 546 2 060 1 027 1 463 932 264 3 770 2 804 2 899 22 655 23 067 23 443 All other surface operations 6 463 4 945 4 868 3 694 3 371 3 551 2 769 1 574 1 317 1 268 1 234 1 066 338 316 282 5 296 4 719 5 304 19 676 19 382 20 737 Total South Africa 52 089 43 080 38 583 34 143 31 505 30 074 17 946 11 575 8 509 27 731 24 643 21 451 6 786 5 861 4 943 43 477 41 281 42 529 47 959 48 289 50 572 International Hidden Valley 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total international 6 181 4 440 3 159 2 247 2 036 2 122 3 934 2 404 1 037 5 570 5 766 4 141 1 541 1 737 1 249 5 101 4 370 3 707 3 360 3 846 3 229 Total operations 58 270 47 520 41 742 36 390 33 541 32 196 21 880 13 979 9 546 33 301 30 409 25 592 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 Reconciliation of segment information to the consolidated income 3 109 1 755 903 2 533 1 325 903 576 430 — 27 159 26 831 21 216 — — — — — — — — — 61 379 49 275 42 645 38 923 34 866 33 099 22 456 14 409 9 546 60 460 57 240 46 808 8 327 7 598 6 192 48 578 45 651 46 236 51 319 52 135 53 801 # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R71 million (2023: R41 million) (2022: R22 million). * Production statistics are unaudited. 1 Segment revenue consists of revenue from the sale of gold, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement. 2 The Bambanani operation closed during June 2022. The transactions in the prior year relate to the inventory at 30 June 2022.
Wafi-Golpu Joint Operation | Foreign operations | Eva Copper operations and related assets
Disclosure of operating segments [line items]
Additions other than through business combinations, property, plant and equipment	R 71	R 41	R 22

Segment Report (Details)

Segment Report (Details) t in Thousands, R in Millions	12 Months Ended
	Jun. 30, 2024 ZAR (R) kg t	Jun. 30, 2023 ZAR (R) t kg	Jun. 30, 2022 ZAR (R) kg t
Disclosure of operating segments [line items]
Revenue	R 61,379	R 49,275	R 42,645
Production costs	38,923	34,866	33,099
Production profit/(loss)	22,456	14,409	9,546
Assets	60,460	57,240	46,808
Capital expenditure	R 8,327	R 7,598	R 6,192
Kilograms produced | kg	48,578	45,651	46,236
Tonnes milled | t	51,319	52,135	53,801
Bambanani
Disclosure of operating segments [line items]
Revenue			R 1,286
Operating segments
Disclosure of operating segments [line items]
Revenue	R 58,270	R 47,520	41,742
Production costs	36,390	33,541	32,196
Production profit/(loss)	21,880	13,979	9,546
Operating segments | Total operations
Disclosure of operating segments [line items]
Revenue	58,270	47,520	41,742
Production costs	36,390	33,541	32,196
Production profit/(loss)	21,880	13,979	9,546
Segment assets	33,301	30,409	25,592
Capital expenditure	R 8,327	R 7,598	R 6,192
Kilograms produced | kg	48,578	45,651	46,236
Tonnes milled | t	51,319	52,135	53,801
Reconciliation of segment information to the consolidated income statement and balance sheet
Disclosure of operating segments [line items]
Revenue	R 3,109	R 1,755	R 903
Production costs	2,533	1,325	903
Production profit/(loss)	576	430	0
Unallocated amounts
Disclosure of operating segments [line items]
Assets	27,159	26,831	21,216
South Africa | Operating segments
Disclosure of operating segments [line items]
Revenue	52,089	43,080	38,583
Production costs	34,143	31,505	30,074
Production profit/(loss)	17,946	11,575	8,509
Segment assets	27,731	24,643	21,451
Capital expenditure	R 6,786	R 5,861	R 4,943
Kilograms produced | kg	43,477	41,281	42,529
Tonnes milled | t	47,959	48,289	50,572
South Africa | Operating segments | Moab Khotsong
Disclosure of operating segments [line items]
Revenue	R 8,108	R 7,036	R 5,779
Production costs	4,638	4,515	4,038
Production profit/(loss)	3,470	2,521	1,741
Segment assets	6,017	5,125	4,324
Capital expenditure	R 1,330	R 1,167	R 894
Kilograms produced | kg	6,599	6,668	6,508
Tonnes milled | t	822	920	959
South Africa | Operating segments | Mponeng [Member]
Disclosure of operating segments [line items]
Revenue	R 10,577	R 7,845	R 5,620
Production costs	5,795	4,997	4,487
Production profit/(loss)	4,782	2,848	1,133
Segment assets	4,438	4,630	4,433
Capital expenditure	R 890	R 704	R 605
Kilograms produced | kg	8,751	7,449	6,086
Tonnes milled | t	880	884	840
South Africa | Operating segments | Tshepong North
Disclosure of operating segments [line items]
Revenue	R 3,877	R 3,530	R 3,429
Production costs	2,827	2,701	2,894
Production profit/(loss)	1,050	829	535
Segment assets	2,369	2,226	2,049
Capital expenditure	R 559	R 553	R 1,038
Kilograms produced | kg	3,248	3,354	3,793
Tonnes milled | t	726	795	988
South Africa | Operating segments | Tshepong South
Disclosure of operating segments [line items]
Revenue	R 3,734	R 3,607	R 2,922
Production costs	2,564	2,395	2,190
Production profit/(loss)	1,170	1,212	732
Segment assets	2,326	2,043	1,730
Capital expenditure	R 527	R 514	R 476
Kilograms produced | kg	3,129	3,431	3,229
Tonnes milled | t	465	506	573
South Africa | Operating segments | Doornkop
Disclosure of operating segments [line items]
Revenue	R 4,198	R 4,384	R 3,106
Production costs	3,041	3,009	2,453
Production profit/(loss)	1,157	1,375	653
Segment assets	3,924	3,624	3,222
Capital expenditure	R 686	R 716	R 491
Kilograms produced | kg	3,470	4,213	3,444
Tonnes milled | t	815	898	874
South Africa | Operating segments | Joel [Member]
Disclosure of operating segments [line items]
Revenue	R 2,079	R 2,044	R 1,411
Production costs	1,663	1,616	1,308
Production profit/(loss)	416	428	103
Segment assets	1,372	1,306	1,244
Capital expenditure	R 235	R 231	R 225
Kilograms produced | kg	1,733	1,947	1,556
Tonnes milled | t	401	435	434
South Africa | Operating segments | Target 1
Disclosure of operating segments [line items]
Revenue	R 2,262	R 1,308	R 1,648
Production costs	2,352	2,009	1,812
Production profit/(loss)	(90)	(701)	(164)
Segment assets	1,951	1,745	1,517
Capital expenditure	R 488	R 428	R 384
Kilograms produced | kg	1,859	1,275	1,800
Tonnes milled | t	462	365	455
South Africa | Operating segments | Kusasalethu
Disclosure of operating segments [line items]
Revenue	R 4,638	R 3,621	R 4,139
Production costs	3,670	3,343	3,086
Production profit/(loss)	968	278	1,053
Segment assets	520	634	822
Capital expenditure	R 226	R 253	R 210
Kilograms produced | kg	3,842	3,460	4,567
Tonnes milled | t	584	567	607
South Africa | Operating segments | Masimong
Disclosure of operating segments [line items]
Revenue	R 2,137	R 2,053	R 1,733
Production costs	1,852	1,724	1,504
Production profit/(loss)	285	329	229
Segment assets	0	16	17
Capital expenditure	R 44	R 47	R 49
Kilograms produced | kg	1,780	1,961	1,910
Tonnes milled | t	473	470	486
South Africa | Operating segments | Bambanani
Disclosure of operating segments [line items]
Revenue	R 0	R 18	R 1,286
Production costs	0	16	1,163
Production profit/(loss)	0	2	123
Segment assets	0	0	0
Capital expenditure	R 0	R 0	R 25
Kilograms produced | kg	0	0	1,433
Tonnes milled | t	0	0	176
South Africa | Operating segments | Mine Waste Solutions
Disclosure of operating segments [line items]
Revenue	R 4,016	R 2,689	R 2,642
Production costs	2,047	1,809	1,588
Production profit/(loss)	1,969	880	1,054
Segment assets	3,546	2,060	1,027
Capital expenditure	R 1,463	R 932	R 264
Kilograms produced | kg	3,770	2,804	2,899
Tonnes milled | t	22,655	23,067	23,443
South Africa | Operating segments | All other surface operations
Disclosure of operating segments [line items]
Revenue	R 6,463	R 4,945	R 4,868
Production costs	3,694	3,371	3,551
Production profit/(loss)	2,769	1,574	1,317
Segment assets	1,268	1,234	1,066
Capital expenditure	R 338	R 316	R 282
Kilograms produced | kg	5,296	4,719	5,304
Tonnes milled | t	19,676	19,382	20,737
Foreign operations | Operating segments
Disclosure of operating segments [line items]
Revenue	R 6,181	R 4,440	R 3,159
Production costs	2,247	2,036	2,122
Production profit/(loss)	3,934	2,404	1,037
Segment assets	5,570	5,766	4,141
Capital expenditure	R 1,541	R 1,737	R 1,249
Kilograms produced | kg	5,101	4,370	3,707
Tonnes milled | t	3,360	3,846	3,229
Foreign operations | Operating segments | Hidden Valley
Disclosure of operating segments [line items]
Revenue	R 6,181	R 4,440	R 3,159
Production costs	2,247	2,036	2,122
Production profit/(loss)	3,934	2,404	1,037
Segment assets	5,570	5,766	4,141
Capital expenditure	R 1,541	R 1,737	R 1,249
Kilograms produced | kg	5,101	4,370	3,707
Tonnes milled | t	3,360	3,846	3,229

Reconciliation of Segment Inf_3

Reconciliation of Segment Information to Consolidated Income Statements and Balance Sheets (Details) - ZAR (R) R in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [line items]
Revenue	R (61,379)	R (49,275)	R (42,645)
Production costs	38,923	34,866	33,099
Production profit per segment report	22,456	14,409	9,546
Amortisation and depreciation of mining assets	(4,546)	(3,355)	(3,622)
Amortisation and depreciation of assets other than mining assets	(96)	(99)	(61)
Rehabilitation expenditure	(3)	(32)	(136)
Care and maintenance cost of restructured shafts	(246)	(227)	(273)
Employment termination and restructuring costs	(86)	(597)	(218)
Share-based payments	(171)	(51)	(143)
Impairment of assets	(2,793)	0	(4,433)
Toll treatment costs	(420)	(323)	0
Other	51	15	58
Gross profit	14,146	9,740	718
Corporate, administration and other expenditure	(1,294)	(1,044)	(984)
Exploration expenditure	(1,047)	(506)	(214)
Gains/(losses) on derivatives	453	(194)	53
Foreign exchange translation gain/(loss)	97	(634)	(327)
Other operating expenses	(679)	(268)	(1)
Operating profit/(loss)	11,676	7,094	(755)
Acquisition-related costs	0	(214)	0
Share of profits from associate	81	57	63
Investment income	809	663	352
Finance costs	(796)	(994)	(718)
Profit/(loss) before taxation	11,770	6,606	(1,058)
Non-current assets
Property, plant and equipment	41,348	41,507
Intangible assets	19	33
Restricted cash and investments	6,494	6,121
Investments in associates	165	111
Deferred tax assets	140	189
Other non-current assets	344	332
Derivative financial assets	453	269
Current assets
Inventories	3,603	3,265
Restricted cash and investments	39	41
Trade and other receivables	2,604	2,395
Derivative financial assets	558	110
Cash and cash equivalents	4,693	2,867	2,448	R 2,819
Total assets	60,460	57,240	46,808
Mining assets
Non-current assets
Property, plant and equipment	28,884	28,618
Undeveloped properties
Non-current assets
Property, plant and equipment	4,475	7,385
Other non-mining assets
Non-current assets
Property, plant and equipment	487	453
Mining assets under construction
Non-current assets
Property, plant and equipment	7,502	5,051
Operating segments
Disclosure of operating segments [line items]
Revenue	(58,270)	(47,520)	(41,742)
Production costs	36,390	33,541	32,196
Production profit per segment report	21,880	13,979	9,546
Reconciliation of segment information to the consolidated income statement and balance sheet | Silver and Uranium sales
Disclosure of operating segments [line items]
Revenue	(2,533)	(1,325)	(903)
Production costs	2,533	1,325	903
Reconciliation of segment information to the consolidated income statement and balance sheet | toll treatments services
Disclosure of operating segments [line items]
Revenue	576	430	0
Reconciliation of segment information to the consolidated income statement and balance sheet
Disclosure of operating segments [line items]
Revenue	(3,109)	(1,755)	(903)
Production costs	2,533	1,325	903
Production profit per segment report	576	430	0
Unallocated amounts | toll treatments services
Disclosure of operating segments [line items]
Revenue	(576)	(430)	0
Unallocated amounts
Disclosure of operating segments [line items]
Cost of sales items other than production costs	(8,310)	(4,669)	(8,828)
Amortisation and depreciation of mining assets	(4,546)	(3,355)	(3,622)
Amortisation and depreciation of assets other than mining assets	(96)	(99)	(61)
Rehabilitation expenditure	(3)	(32)	(136)
Care and maintenance cost of restructured shafts	(246)	(227)	(273)
Employment termination and restructuring costs	(86)	(597)	(218)
Share-based payments	(171)	(51)	(143)
Impairment of assets	(2,793)	0	(4,433)
Toll treatment costs	(420)	(323)	0
Other	51	15	58
Gross profit	14,146	9,740	718
Corporate, administration and other expenditure	(1,294)	(1,044)	(984)
Exploration expenditure	(1,047)	(506)	(214)
Gains/(losses) on derivatives	453	(194)	53
Foreign exchange translation gain/(loss)	97	(634)	(327)
Other operating expenses	(679)	(268)	(1)
Operating profit/(loss)	11,676	7,094	(755)
Acquisition-related costs	0	(214)	0
Share of profits from associate	81	57	63
Investment income	809	663	352
Finance costs	(796)	(994)	(718)
Profit/(loss) before taxation	11,770	6,606	(1,058)
Non-current assets
Property, plant and equipment	8,047	11,098	7,280
Intangible assets	19	33	48
Restricted cash and investments	6,494	6,121	5,555
Investments in associates	165	111	125
Deferred tax assets	140	189	203
Other non-current assets	344	332	374
Derivative financial assets	453	269	137
Current assets
Inventories	3,603	3,265	2,818
Restricted cash and investments	39	41	27
Trade and other receivables	2,604	2,395	1,682
Derivative financial assets	558	110	519
Cash and cash equivalents	4,693	2,867	2,448
Total assets	27,159	26,831	21,216
Unallocated amounts | Mining assets
Non-current assets
Property, plant and equipment	1,064	1,080	943
Unallocated amounts | Undeveloped properties
Non-current assets
Property, plant and equipment	4,475	7,384	4,004
Unallocated amounts | Other non-mining assets
Non-current assets
Property, plant and equipment	567	516	510
Unallocated amounts | Mining assets under construction
Non-current assets
Property, plant and equipment	R 1,941	R 2,118	R 1,823