https://www.miningweekly.com
Africa|Gold|Mining|Underground
Africa|Gold|Mining|Underground
africa|gold|mining|underground

Harmony returns to profit as output rises

Harmony's Mponeng mine

Harmony's Mponeng mine

30th August 2023

By: Reuters

  

Font size: - +

Harmony Gold Mining, South Africa's biggest gold producer by volume, said profit in the 12 months through to June rebounded to $275-million from a net loss of $48-million in the prior period.

The Johannesburg-based company, among the few gold miners squeezing profits from some of the world's deepest gold mines, said earnings rose as it boosted output and grades at some of its underground mines in South Africa.

Harmony's gold output was buoyed by a 22% jump in production and high grades at Mponeng, the world's deepest mine it purchased from AngloGold Ashanti .

The miner forecasts it will produce between 1.38-million and 1.48-million ounces of gold this year, compared with 1.47-million ounces last year.

Edited by Reuters

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.177 0.214s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: