Harmony reports harmonious operation

Business

HARMONY Gold Mining Company Limited says its Papua New Guinea operation achieved a fatality-free quarter during the June quarter of 2017.
The company also made the same statement regarding its South African operations.
Harmony said gold production for the June 30, 2017 financial year is estimated to be 1.088 million ounces, which exceeds production guidance of 1.05 million ounces.
Underground recovered grade increased for a fifth consecutive year to 5.07g/t (grams per tonne).
“We will continue to focus on increasing cash margins through safe, predictable and profitable production” said chief executive of Harmony Peter Steenkamp, .
Harmony will announce its operating and financial results for the year ending June 30, 2017, on Aug 17.
Harmony operates in South Africa and PNG. The company has nine underground mines, one open-pit mine and surface operations in South Africa.
In PNG, it has Hidden Valley, an open-pit gold and silver mine and a 50 per cent interest in the Morobe Mining Joint Venture. It includes the Golpu project and extensive exploration tenements. Outside the joint venture, Harmony’s own exploration portfolio focuses principally on highly prospective areas in PNG.

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