Harmony Sees 1Q18 South African Production 12%-14% Higher than 4Q17
October 12 2017 - 4:25AM
Dow Jones News
By Ian Walker
Harmony Gold Mining Co. Ltd. (HMY) said Thursday that first
quarter production from its South African underground operations is
expected to be 12% to 14% higher than the fourth quarter of fiscal
2017, with higher volumes and grades recovered.
The gold miner added that gold production is 6% to 8% higher
than the corresponding quarter in the previous financial year.
Including Hidden Valley, total gold production for the first
quarter is up 3% to 5% compared with the fourth quarter last
year.
It said the company remains on track to meet production guidance
for the year. It didn't give any further information, but said in
August that the company expected to produce 1.1 million ounces for
the year ended June 30, 2018 at a cost of about $1,180 an
ounce.
For the year ended June 30, Harmony produced 1.09 million ounces
of gold at a cost of to $1,182 an ounce.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 12, 2017 04:10 ET (08:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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