Johannesburg - Harmony Gold Mining Company would post a 10 percent boost in its gold production for the September 2016 quarter, the JSE-listed producer said on Monday.
“Harmony continues to benefit from its currency and gold hedge, which - in addition to higher production - aided strong cash flows. Underground grade at above 5 grams a ton was maintained,” the company said.
Last month, the company acquired 100 percent of Hidden Valley, a gold and copper project in Papua New Guinea, after buying out its partner, Newcrest Mining.
Harmony said the production report for the quarter would be published on November 10.
Harmony Gold shares were up 0.17 percent on the JSE yesterday to close at R42.04.