Harmony forecasts output increase

Comment on this story


GRAHAM_BRIGGS

Independent Newspapers

Chief executive of Harmony Gold Graham Briggs.

Harmony Gold (HAR) on Friday said it expected gold production for the three months ended in June to have increased by between 13% and 14%‚ compared with the previous quarter.

Releasing its latest production guidance‚ the company said the rise in output was driven by higher tonnage mined along with an improvement in the grade.

Total operating costs are expected to come in higher‚ due to the increase in electricity tariffs.

“June was a pleasing quarter‚ with operations performing more in line with their plans‚” said Graham Briggs‚ Harmony’s CEO. - I-Net Bridge


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks