Podcast with Johannes van Heerden, Chief executive officer: South-east Asia operations
Bobo Ndinisa speaks to Johannes van Heerden, Chief executive officer: South-east Asia operations at Harmony Gold.
Harmony lifts September quarter output 10% q/q
JSE-listed Harmony Gold on Monday reported that it had achieved a 10% quarter-on-quarter increase in gold production for the quarter ended September 30.
Harmony bullish on cash flow after quarter output rises 10%
The good news story at Harmony Gold looks set to continue until the year-end at least after the company said September quarter production was 10% higher than in the previous June quarter.
Hedges boost Harmony Gold
Harmony Gold, the world's fifth largest gold producer, on Monday reported that its production in the quarter to September was about 10 percent higher than the April to June quarter.
A collaboration of three mining houses bears fruit
AngloGold Ashanti, together with Sibanye Gold and Harmony Gold, engaged with the Merafong City Local Municipality to explore ways in which waste could be efficiently managed as a way of addressing the current environmental challenges faced by communities in Merafong and simultaneously creating jobs for the unemployed youth.
Harmony Gold acquires Hidden Valley
Johannesburg - Harmony Gold has acquired 100 percent of Hidden Valley, a gold and copper project in Papua New Guinea, after buying out its partner, Newcrest Mining, Australia’s biggest gold producer for $1 (R14).
Harmony buys out Newcrest stake in Hidden Valley gold mine
Harmony Gold (NYSE:HMY)(JSE:HAR), South Africa’s third-largest producer of the precious metal, has become the sole owner of the Hidden Valley mine in Papua New Guinea after partner Australia’s Newcrest Mining (ASX:NCM) agreed to sell its 50% stake in the joint venture.
Harmony to spend $180m doubling Hidden Valley after $1 deal
Harmony Gold is to buy out joint venture partner Newcrest Mining’s 50% stake in Hidden Valley and invest $180m in the Papua New Guinea mine in an effort to double its production.
Harmony Gold takes control of PNG mine after Newcrest sale
Harmony Gold will take full control of the Hidden Valley mine in Papua New Guinea after Newcrest Mining, the Australian gold producer, said it was selling its half of the joint venture.
Harmony buys Hidden Valley from Newcrest
Australian gold miner Newcrest Mining has agreed to sell its half of the Hidden Valley mine, in Papua New Guinea, to its South African joint venture (JV) partner Harmony Gold.
Harmony to pay first dividend in three years
Harmony Gold will pay its first dividend in three years after returning to a full-year profit, boosted by a higher bullion price and a weaker South African rand.
Harmony Gold interims. First dividend since 2012
Harmony Gold declared its first dividend since the end of 2012 on the back of a sharply higher rand gold price and steady gold output. Harmony’s revenue was 19% higher as a result of a 21% increase in the rand gold price. And they hit their 1.1-million-ounce production target for the year. They also swung to a net profit of R949m.
Harmony hunts chances for tie-ups
Harmony Gold, which posted its first dividend in nearly four years, is "harvesting" four high-cost mines as it seeks merger and acquisition opportunities at home and abroad to boost production by half to 1.5-million ounces in the next three years.
Harmony back in the black, eyes acquisitions
Gold miner Harmony Gold has bounced back into the black and is now eyeing acquisitions to reach its target of becoming a 1.5-million-ounce-a-year gold producer, at below $950/oz, within three years.
Harmony Gold back in profit, resumes dividend payout
South African miner Harmony Gold swung back into profit in the last year ended June and will pay its first dividend in four years as it benefited from a 21 % increase in the average Rand gold price, the company said on Wednesday.
Harmony Gold reports a rise in FY revenue
Harmony Gold has released results for the 6 months and year ended June citing a 19 per cent increase in full year revenue. Joining CNBC Africa to tell us about the group's performance is Harmony Gold CEO, Peter Steenkamp.
Harmony version 1.5 is still being deployed
Harmony remains a company in transition, despite successfully negotiating its near-death experience over the last few years.
Happier shareholders for Harmony Gold
Shareholders of Harmony Gold Mining are advised that a reasonable degree of certainty exist that earnings for the year ended 30 June 2016 will be higher than for the year ended 30 June 2015 primarily due to a 21% increase in the average rand gold price.
Harmony Gold declares dividend and swings into profit
Harmony Gold, the gold-mining company has declared its first dividend since 2012, paying its shareholders R0.50 cents per share, after returning to profit.
Investors cheer Harmony results
Johannesburg - Investors cheered Harmony Gold Mining’s interim results for the six months ended June 30 2016 on Wednesday, sending the share price up more than 5% after the gold miner posted a net profit of R949m on the back of a 21% increase in the R/kg gold price.
Harmony declares first dividend in four years
Peter Steenkamp, CEO of Harmony Gold Mining, discusses full-year results with Giulietta Talevi, including the decision to shorten the life of its Kusasalethu mine to four years due to lower grades.
Harmony continues to box itself into shape following the helping hand of higher dollar gold prices and the weaker rand.
Harmony to hedge about 20% of its production
Harmony Gold Mining Company is hedging about 20% of its production for the next two years at an average price of R682,000/kg, the company said in a statement on Monday morning.
Hard work pays off for Harmony Gold
Harmony Gold on Monday announced that it had met its annual production guidance of approximately 1.1 million ounces for the financial year.
Harmony Gold: comeback kid
Ahead of the half year results, which will be announced on Thursday, Harmony Gold Mining company published results for the second quarter to end December 2015.
Harmony’s restructuring pays off
Harmony Gold managed to stem losses in the first half of this financial year, reporting a net loss of R445m, compared with a R1bn loss in the first half of the previous year, which pushed the share up 9.49%.
Puny rand is music to Harmony
Harmony Gold, the best performer on the JSE this year, wants to buy new mines and to repay R2.5-billion in debt by the end of 2016 - after the plunge in the rand sent its profits soaring.
Harmony’s the shining star again
The best performer on the JSE since the beginning of the year, Harmony Gold’s shares yesterday leapt 9.49 percent to R36.12 as the gold producer posted a solid set of results.
Harmony Gold CEO Peter Steenkamp's plans to reduce debt
There are not many South African industries that are thanking a weak rand for bringing them back from the brink, but one such company that is, is Harmony Gold. It is among the top performing shares this year on the JSE. Its CEO Peter Steenkamp joins CNBC Africa to discuss the gold miner's plans to pay down debt.
Harmony seeks acquisitions, debt repayments as profits surge
Harmony Gold Mining [JSE:HAR], the best performer on the Johannesburg stock exchange this year, is seeking to make acquisitions and repay debt after a plunge in the South African rand caused its profit margins to increase in the second quarter.
Harmony Gold increases revenue by 10% in Q2, 2016 financial year
JSE-listed gold miner Harmony Gold has recorded another solid set of results for the second quarter of financial year 2016 with a 10% increase in revenue to R4.57 billion. This is the third consecutive quarter of increased delivery.
Harmony manages to stem losses in its first half
We have to hear from Peter Steenkamp, who is the incoming CEO of Harmony Gold. Harmony managed to stem losses in the first half of this fiscal year, citing greater production and a higher gold price in rand terms as the reason. So Mineweb editor Warren Dick spoke to Steenkamp.
Harmony back in black, eyes Golpu advancement
Shares in dual-listed Harmony Gold surged some 15% on the Johannesburg bourse on Thursday after the gold mining group turned the corner in the second quarter of the current financial year, posting positive earnings after a prolonged period in the red.
Harmony to wipe out debt by December
Harmony Gold CEO Peter Steenkamp speaks to Alishia Seckam and Stephen Gunnion about the group’s improving financial position due to the weak rand and plans to pay off its debt.
Harmony Gold thrives as rand raises margin
Shares in Harmony Gold were on the march again on Thursday gaining 8% and taking the company's market value to nearly R11bn, roughly three times its value at the beginning of December.