Market welcome Harmony Gold’s earnings forecast

File: Harmony Gold’s currently in the process of buying one of Anglo-Gold’s mines. Photo: eNCA / Michael Appel

JOHANNESBURG - The market has welcomed Harmony Gold’s earnings forecast on Friday.

The mine says its half-year headline earnings will be 60-percent higher compared to the same period the year before.

This is largely due to operational improvements across its asset portfolio.

Headline earnings are expected to be between R2.10 and R2.40 per share.

READ: Mining production plummets

It will be up compared to the R1.50 reported a year earlier.

The company's currently in the process of buying one of Anglo-Gold’s mines.

It is also set to surpass its production targets for the half-year period.


 

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