Harmony Gold announces rising profits

File: A gold mine. AFP/Rodger Bosch

JOHANNESBURG - Harmony Gold is the latest local miner to announce soaring profits.

It has posted a more than three-fold rise in first-half profit and reinstated its dividend.

READ: Anglogold Ashanti announces increase in earnings

The profits are thanks largely to a surge in the gold price.

Gold output for the six months to end December was eight-percent greater.

Harmony declared after-tax profit of R5,8-billion compared with R1,3-billion in the same period a year earlier.


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