Harmony's (HMY) headline earnings per share for the full year ended June 30 sank 49% to 4.99 rand (~$0.296) from 9.87 rand a year ago.

The miner swung to a full-year net loss of 1.05 billion rand ($62.3M) from a net profit of 5.09B for FY 2021, including a 4.43B rand ($263.1M) impairment due to a reserve downgrade at its Tshepong operations, which significantly affected their valuation.

Full-year revenues rose 2% Y/Y to 42.65B rand from 41.73B rand, but gold production edged lower to 1.49M oz vs. 1.54M oz a year earlier, and all-in sustaining costs increased 3% during the year to $1,749/oz from $1,515/oz, as a result of the lower production but also due to higher costs for labor, electricity and consumables.

Harmony's (HMY) board declared a final dividend of 22 South African cents per share, down from 27 cents declared a year earlier.

Harmony Gold's (HMY) stock price return in U.S. trading shows a 30% YTD loss and a 28% decline during the past year.