The stock closed 2.37 percent higher at R35.38 on the JSE after the group said that precious metal production had increased to 1.44 million ounces in line with its financial year 2019 guidance.
Harmony, whose portfolio gold projects spread across South Africa and Papua New Guinea, previously announced a target of producing 1.45 million ounces in 2019.
Chief executive Peter Steenkamp said yesterday that Hidden Valley's return to full production and the inclusion of Moab Khotsong had boosted production.
“Harmony’s 2019 financial year operating performance was boosted by the inclusion of a full financial year of production from both Moab Khotsong and Hidden Valley. We are committed to increase margins, which is achieved by mining safely and delivering increased profitable production,” Steenkamp said.