Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Moab Khotsong, Hidden Valley boost Harmony’s production, cash flows
And, Favourable gold price pushes Gold Fields’ cash flow into positive territory
Harmony Gold has reported favourable financial and operating results for the financial year ended June 30, with both output and cash flows having benefited from the inclusion of a full year’s production from the Moab Khotsong mine Hidden Valley.
Harmony CEO Peter Steenkamp:
Gold Fields CEO Nick Holland said the strong gold price, spotting between $1 400/oz and $1 450 during the six months ended June 30, has helped the company positively turn its cash flow position around.
Gold Fields CEO Nick Holland:
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