Harmony Gold prices $500m bond as growth capex ramps up
HARMONY Gold today announced terms of a $500m convertible bond amid a major increase in capital expenditure during its 2027 financial year. The gold miner has targeted…
Harmony reports fatality at Moab Khotsong
HARMONY Gold said an employee was killed in a seismic incident at its Moab Khotsong mine near Orkney on Sunday. The Department of Mineral and Petroleum Resources (DMPR) is…
Harmony studying plans to expand surface gold output
HARMONY Gold is weighing up plans to expand its surface remining activities which includes development of tailings facilities accessing 5.7 million ounces in gold resources in…
Harmony Gold to review capital structure as cash vaults R6bn
HARMONY Gold said it was reviewing its capital structure in a way that would match “its funding profile to its cash flow generation”. Commenting in a production update for the…
South Deep ‘belongs’ in Harmony, says gold miner
GIVEN all that he has on his plate, it is perhaps surprising that Harmony Gold CEO Beyers Nel is still looking around for further merger and acquisition (M&A) opportunities. Nel…
Harmony Gold’s incredible ascent to JSE rock-star
OF all the recent developments in the South African mining industry, the transformation of Harmony Gold from JSE ‘dog’ to ‘rock star’ in 18 months has to be the most dramatic.…
Harmony third quarter gold output knocked 10% by flooding
HARMONY Gold said on Monday rainfall and safety-related stoppages in the third quarter resulted in 6% lower production year-to-date. With three months to go before the conclusion…
Time for Harmony Gold to loosen the purse strings?
HARMONY Gold’s former CEO Peter Steenkamp will go down in the company’s history as one of its most important change agents. It was under his watch the company bought the…
Harmony declares record dividend as net cash mounts
PROPELLED by record-breaking gold prices Harmony Gold on Tuesday declared a record-breaking interim dividend. Coming in at R1.4bn, the payout was as Harmony’s net cash leapt…
Harmony Gold anoints Beyers Nel as CEO, with a twist
HARMONY Gold on Thursday said Beyers Nel would take over as CEO from 2025 continuing the group’s tradition of promoting its chief operating officers to the top job. Nel takes…
Harmony Gold to write down Target North by R2.79bn
HARMONY Gold plans to write-down its Target North gold resource in the Free State province for R2.79bn – a development that takes the gloss off a stellar production and financial…
Gold propels Harmony to double value of Sibanye-Stillwater
THE price of gold hit a fresh all-time high on Wednesday amid comments by the Federal Reserve it was getting closer to a possible rate cut – a development generally supportive of…
Harmony Gold boosts cash staggering R1.4bn in third quarter
HARMONY Gold reported a staggering increase in net cash to R1.5bn in the nine months ended March 31 compared to R74m at the half year point only three months earlier. Commenting…
Harmony scans SA for uranium as targets lift in fuel’s output
HARMONY Gold is looking at increasing uranium production through third party supply and by improving the capacity of its processing facilities. “There are quite a few dumps in…
Harmony Gold to spend R7.9bn extending Mponeng to 2044
HARMONY Gold on Wednesday announced the R7.9bn extension of Mponeng which will keep the mine, located west of Johannesburg, operating until at least 2044. Commenting in its half…
Harmony Gold to delay Eva Copper project as seeks new permits
HARMONY Gold said it expected “a bit” of slippage on its Eva copper project after saying earlier this week permit authorisations would take “longer than anticipated”. “Project…
Harmony Gold opens 2024 with barnstorming performance
HARMONY Gold kicked off its 2024 financial year in barnstorming fashion reporting today first quarter operating free cash of R3.2bn – nearly four times better than a year ago –…
AngloGold completes restructure as shares trade for first time in New York
SHARES in AngloGold Ashanti traded for the first time in New York on Monday, the gold producer said today. The stock closed 0.73% higher. This was after changing its primary…
AngloGold Ashanti announces primary listing will move to New York Stock Exchange
ANGLOGOLD Ashanti today unveiled a major corporate restructuring in which it will move the primary listing of its shares to New York from Johannesburg, and domicile the business…
Harmony Gold’s cup runneth over as rand gold price surges
HARMONY Gold reported a 49% year-on-year increase in group operating cash flow for the nine months to end March with its high grade Mponeng mine making the largest single…