Harmony Gold FY19 Gold Output Rose 17%

Date : 07/25/2019 @ 7:20AM
Source : Dow Jones News
Stock : Harmony Gold Mining Company Limited (HMY)
Quote : 3.19  -0.07 (-2.15%) @ 12:59AM
After Hours
Last Trade
Last $ 3.19 ◊ 0.00 (0.00%)

Harmony Gold FY19 Gold Output Rose 17%

Harmony Gold Mining (NYSE:HMY)
Historical Stock Chart

6 Months : From Jun 2019 to Dec 2019

Click Here for more Harmony Gold Mining Charts.

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)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest HMY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.