Market welcome Harmony Golds earnings forecast


18 May 2017 - Five more bodies have been recovered from the Eland Shaft on Thursday bringing the total to 30 suspected zama zamas who have died underground.

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&39;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.


Paid Content