Harmony Gold to pay record interim dividend, extend life of Mponeng mine
Harmony Gold, South Africa’s leading gold miner by volume, said on Wednesday it will spend 7.9 billion rand ($410 million) to extend the life of Mponeng, the world’s deepest gold mine.
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Harmony sees half-year gold output up 14%
Harmony Gold says its gold production increased by as much as 14% in the six months to December 2023, driven by higher grades at its South African mines and a strong operational performance in Papua New Guinea.
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Harmony Gold weighs CEO succession amid tilt to copper
Mining News Pro - Harmony Gold Mining boss Peter Steenkamp plans to retire at the end of next year as South Africa’s biggest gold producer by volume seeks new growth opportunities mining copper.
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Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - South Africa’s Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
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Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
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Harmony Gold drops on profit slump
Mining News Pro - Shares of Harmony Gold fell 4% on Tuesday, after the South African company posted a 49% decline in profit and said it has paused a project to extend the mine life at its Tshepong operations, citing tough mining conditions and low grades.
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Harmony reports fatality at Johannesburg mine
Mining News Pro - South African gold miner Harmony Gold said on Monday that a mine-worker had died of an accident at one its mines in Johannesburg on Friday.
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Harmony Gold cuts output forecast
Mining News Pro - South African miner Harmony Gold on Wednesday cut its forecast for annual gold production by 4% and made a similar increase to its cost guidance due to operational challenges at its Papua New Guinea mine.
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Harmony re-engineering portfolio, deleveraging balance sheet, creating optionality
Mining News Pro - Harmony Gold is at a very exciting point as it pivots in a new portfolio-enhancing direction and sheds costs at the same time, says Harmony investor relations head Jared Coetzer.
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Harmony planning further 73 MW of green electricity generation
Mining News Pro - Like everybody else, we’re on the verge of now starting to build our renewable energy plants.
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Harmony profits 66% up on 26% higher production
Mining News Pro - Gold mining company Harmony Gold on Tuesday reported a 66% increase in profits to R12-billion for the 12 months to June 30.
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Harmony confident it will continue to deliver long-term positive returns
Mining News Pro - As the 2022 financial year approaches, gold miner Harmony Gold on July 7 said it would benefit from further opportunities created through acquisitions.
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Big jump in earnings margin generates strong cash for Harmony Gold
Mining News Pro - Gold mining company Harmony Gold has delivered another strong set of operational results year-on-year on the back of the integration of AngloGold Ashanti assets into its portfolio and a stronger rand per kilogram gold price.
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Harmony expects to report up to 340% rise in interim profit
Mining News Pro - Harmony Gold Mining Company expects, with a reasonable degree of certainty, that its net profit for the six months ended December 31, 2020, will be between R5.7-billion and R5.9-billion.
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Harmony employee killed in fall-of-ground at Target
Mining News Pro - Gold miner Harmony Gold Mining says an employee at its Target mine, in Welkom, has died following a seismic event that triggered a fall of ground on February 3.
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Harmony on track to meet guidance as Mponeng
Mining News Pro - Harmony Gold says it is on track to meeting its full-year production guidance of between 1.26-million and 1.3-million ounces of gold after having produced 745 347 oz in the six months ended December 31, 2020.
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Harmony Gold’s free operating cash soars
Mining News Pro - Gold mining company Harmony Gold on Tuesday reported 106% increase in operating free cash flows on a 25% improvement in the rand gold price.
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Harmony achieves better than expected output levels
Mining News Pro - Despite Covid-19 disruptions to its operations, Harmony Gold Mining Company managed to achieve up to 75% of planned production during the last quarter of its financial year to June 30, which was higher than it initially expected to achieve.
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Mponeng transfer to Harmony expected soon
Mining News Pro - The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, says outgoing AngloGold Ashanti CEO Kelvin Dushnisky.
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Harmony implements bookbuild to raise $200m
Mining News Pro - Harmony Gold Mining, which is led by CEO Peter Steenkamp, intends to place authorised, but unissued, shares in the company to qualifying investors who agreed to subscribe for about $200-million.
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Harmony begins share sale to fund AngloGold deal
Mining News Pro - Harmony Gold Mining Company, one of South Africa’s biggest gold miners, said it will start its proposed share sale on Wednesday to raise $200 million to part fund its purchase of a rival company’s assets.
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Harmony Gold EGM on $200m equity raise
Mining News Pro - Gold mining company Harmony Gold on Monday reminded shareholders that it would be conducting a virtual extraordinary annual general (EGM) meeting on Thursday, June 11.
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Harmony to raise $200m as rand gold price nears all-time high
Mining News Pro - Gold mining company Harmony Gold intends raising $200-million equity capital to fund the first tranche payment of its acquisition of the remaining South African assets of AngloGold Ashanti.
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Harmony Gold targeting Covid test facilities on own mine premises
Mining News Pro - Gold mining company Harmony Gold is targeting the establishment of coronavirus testing facilities at its own premises to speed up the current two-day turnaround time.
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Harmony Gold’s nine underground mines cease operations
Mining News Pro - Mining has ceased at all of the nine underground gold mines of Harmony Gold, but the Johannesburg- and New York-listed company’s surface retreatment operations and opencast mine will continue to function, collectively producing between 650 kg and 700 kg in the 21-day lockdown period in response to the Covid-19 pandemic.
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