DStv Channel 403 Saturday, 09 November 2024

Harmony Gold results | Mining company announces improved performance

 

JOHANNESBURG - Global mining company, Harmony Gold has benefited from higher prices.

Despite a 1-percent drop in gold production, the company says that the improved quality of gold mined, and its rand price, improved the group’s financial performance across all of its operations.

READ: JSE ends higher, boosted by gold, financials and banks

Gold revenue for South Africa's biggest mining company by volume, increased 14-percent.

Looking ahead, the business says it is well positioned to continue benefiting from its deep mine operations and diversification in the copper market.

The company says it has struggled with the energy crisis, but has developed a strategy that will reduce its reliance on Eskom.

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