Harmony Gold FY19 Gold Output Rose 17%
25 Juillet 2019 - 9:20AM
Dow Jones News
By Oliver Griffin
Harmony Gold Mining Co. (HAR.JO) on Thursday said gold
production rose 17% in fiscal 2019, boosted by the full inclusion
of output from the Moab Khotsong and Hidden Valley projects.
The South African gold miner said it produced 1.44 million
ounces of gold in the year ended June 30, in line with its guidance
of 1.45 million ounces.
Production was helped by higher grades at underground
operations, which also marks the seventh consecutive year of
underground recovered grades increasing.
On a U.S. dollar basis, all-in sustaining costs for the year are
expected to be 2% lower at between $1,210 to $1,220 an ounce.
The company also said recent developments in Papua New Guinea
have resulted in a delay to permitting of the Wafi-Golpu
project.
Harmony Gold said it is difficult to estimate the duration of
this delay but further updates will be made when possible.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
July 25, 2019 03:05 ET (07:05 GMT)
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