HomeGoldGold producer set to meet annual guidance of 1.1 Moz

Gold producer set to meet annual guidance of 1.1 Moz

Gold production for the six months ended 31 December 2017 from its South African operations will be 9% to 11% higher than the previous six month period ended 30 June 2017.

Gold production for the group increased by between 3% and 5% in the six months ended 31 December 2017 compared to the six months ended 30 June 2017.

As previously reported on 30 November 2017, the processing infrastructure upgrade at Hidden Valley was completed and processing of ore started two weeks ahead of schedule.

The Hidden Valley mine is well on track to deliver as guided in FY18.

Harmony’s interim results for the half year ended 31 December 2017 will be released on Tuesday, 13 February 2017.

Harmony at a glance

Harmony, a mining and exploration company, conducts its activities in South Africa, one of the world’s best-known gold mining regions, and in Papua New Guinea, one of the world’s premier new gold-copper regions.

In South Africa, our nine underground operations are on the world-renowned Witwatersrand Basin – two on the West Rand and seven in the Free State, in the southern portion of the Basin.

In addition, we have an open-pit mine on the Kraaipan Greenstone Belt as well as several surface operations.

In Papua New Guinea, Hidden Valley is a wholly-owned open-pit gold and silver mine.

Its significant gold-copper portfolio includes the wholly-owned Kili Teke prospect in the Western Highlands and a 50% stake in the Wafi-Golpu project in Morobe Province, through a 50:50 joint venture with Newcrest Mining.

Headquartered in Randfontein, South Africa, Harmony Gold is listed on the Johannesburg Stock Exchange and on the New York Stock Exchange, on which its shares are quoted as American Depositary Receipts.

Feature image credit: Wikimedia