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 Gold to beat revised guidance after stellar year
HARMONY Gold said today it expected to exceed 1.55 million ounces in gold output for the 12 months ended June 30, beating guidance it previously revised upwards. In March the…
Harmony Gold has “pathway” for 1.5m oz/year until 2038
SHARES in Harmony Gold hit a 20-year high in mid-April at just over R186 per share. Were the share to maintain its current value, equal to a market capitalisation of R110bn, it…
Harmony Gold continues strong production momentum
HARMONY Gold maintained full year production guidance of between 1.38 to 1.48 million ounces for the period to end-June following a strong first half showing. In a production…
Harmony says Hidden Valley output unaffected by PNG violence
HARMONY Gold said production from its Hidden Valley mine in Papua New Guinea was unaffected by violence that erupted on the Pacific island nation this week. The country’s prime…
Motsepe in PNG as opportunity knocks for Harmony’s $5bn project
PATRICE Motsepe sought to give Harmony Gold’s Papua New Guinea ambitions a much-needed push after meeting with the Oceania nation’s president James Marape earlier this week. The…
Harmony gets Wafi Golpu back on the road after years stuck in mire of PNG politics
AFTER more than three years of delay and uncertainty, Harmony Gold has put its Wafi Golpu copper/gold prospect in Papua New Guinea back on the road. The company today announced…
Harmony passes dividend as net debt climbs R4bn following offshore expansion
HARMONY Gold passed the interim dividend citing a “prudent” approach to capital allocation. The South African gold producer announced in October plans to buy the Eva Copper…
Harmony Gold fears electricity tariff hike will have “severe impact”
A PROPOSED 18.65% hike in the electricity tariff this year would have “a severe impact on our business”, said Harmony Gold CEO, Peter Steenkamp. The increase in the tariff is…
Spate of first quarter mine fatalities, power tariff hits Harmony Gold as AISC rise 9%
HARMONY Gold blamed the regression in safety at its South African mines on seismicity, fatigue and poor discipline. The company reported its tenth fatality of 2021 this month.…