Harmony Gold Raises Fiscal Year 2018 Production Guidance on Mine Purchase
May 02 2018 - 8:49AM
Dow Jones News
By Adam Clark
Harmony Gold Mining Co. (HAR.JO) said Wednesday that it has
raised its financial 2018 production guidance following its recent
acquisition of the Moab Khotsong mine in South Africa, and that its
third-quarter production was flat from the prior year.
Harmony said that for its financial year ending June 30 it now
expects gold production of 1.18 million ounces compared with the
1.10 million ounces it previously forecast.
The company acquired Moab Khotsong from AngloGold Ashanti Ltd.
(ANG.JO) at the beginning of March for $300 million.
For the third quarter ended March 31, Harmony said production
was broadly flat from the prior year at 256,660 ounces.
Cash operating costs rose 16% in dollar terms to $1,215 per
ounce.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
May 02, 2018 09:34 ET (13:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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