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Africa|Gold|Underground
Africa|Gold|Underground
africa|gold|underground

Harmony expects at least 12% growth in interim production

25th January 2024

By: Marleny Arnoldi

Deputy Editor Online

     

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Ahead of JSE-listed Harmony Gold releasing its interim results on February 28, the company has advised that total gold production for the six months ended December 31 would be between 820 000 oz and 835 000 oz.

This would mark an increase of between 12% and 14% compared with the six months ended December 31, 2022.

Harmony says the production increase was driven by better recovered higher grades from the Mponeng and Moab Khotsong mines, in South Africa, and a strong operational performance from the Hidden Valley mine, in Papua New Guinea.

The company maintains its guidance for the full-year at between 1.38-million and 1.48-million ounces of gold and gold equivalents, at an all-in sustaining cost below R975 000/kg.

Underground recovered grade guidance also remains unchanged at between 5.6 g/t and 5.7 g/t.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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