speaker
Max
Investor Relations Team

Good day, everyone, and thank you for joining us. Today, Harmony released the interim results for the six months ended 31 December 2020. I'm joined today by Harmony Management, CEO, Curtis Yankum, Financial Director, Bupele Lukubo, Senior Group Executive, Mariam from the Vault, our CFO for Treasury, and our Executive Director, Mashiko Mashiko, as well as Jared Kutzer, who is the new head of IRR, and Jenison Glover from the team as well. My name is Max from the Investor Relations Team, and I will now hand over to Harmony's CEO, Peter Schlenker.

speaker
Peter Schlenker
CEO

Thank you, Max, and good morning, everyone. I think without repeating the highlights published in both the results booklet and the presentation, let's give the media to what Harmony looks like in 2021. The exceptional performances achieved in the first half of 2021 the financial here now, substantiates the growth strategy that we set out to pursue at the beginning of 2016. Through astute acquisitions, we have successfully added quality answers and de-risked our asset portfolio. Harmony is no longer a marginal gold producer, but an emerging market mining specialist. We have transformed into a company capable of creating value throughout the cycle. We have optimized our existing portfolio and improved our asset mix significantly. and continue to make decisions that benefit all stakeholders. We have acquired assets and linked their lives and others no longer so fit to do so. All of these actions have resulted in better margins which we have been able to lock in through an effective hedging strategy. These effective business practices have allowed us to create a robust yet flexible balance sheet with a war chest of available cash and the facilities to deploy in both opportune or uncertain times. All of this has been done to ensure that we deliver positive shareholder returns through the sustainable mining practices. We are therefore pleased to declare an interim dividend of 110 South African cents. With that, I will hand over to you for any questions.

speaker
Conference Operator
Operator

Thank you, Phil. Ladies and gentlemen, at this stage, if you would like to ask a question, please press star and then 1 now. If you decide to withdraw the question, please press star and then 2. Again, if you would like to ask a question, please press star and then 1. The first question we have is from Jared Hoover from RMB Morgan Stanley.

Disclaimer

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Investor presentation