Johannesburg - Harmony Gold, the world's fifth largest gold producer, on Monday reported that its production in the quarter to September was about 10 percent higher than the April to June quarter.
“Harmony continued to benefit from its currency and gold hedge, which - in addition to higher production - aided strong cash flows,” the gold miner said, adding that it maintained underground grade of above five grams per tonne.
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In September, Harmony Gold said that it plans to lift its total output to 1.5 million ounces a year within three years as it combines its increasing output from African and Papua New Guinea (PNG) mines.
Harmony will publish a full production report for the quarter ended September 30 next month.
AFRICAN NEWS AGENCY