JOHANNESBURG (miningweekly.com) – JSE-listed Harmony Gold Mining expects its total gold production for the three months to September 30, to be 8% to 10% higher than that produced in the three months to June 30.
Gold production from its South African operations increased by 16% quarter-on-quarter, owing to an increase in both tonnes and grade, while production at Hidden Valley in Papua New Guinea was negatively impacted by a fatality.
“The September quarter demonstrates that, if we focus on what we can control, we are able to benefit from the current higher rand per kilogramme gold price,” CEO Graham Briggs commented.
Harmony’s results for the first quarter of the 2016 financial year, ended September 30, would be released on November 5.