Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  Gold       XAUUSD

GOLD
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Harmony Gold Mining : 1Q Production Up 5% on Year

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/07/2017 | 07:25am CEST

By Ian Walker

Harmony Gold Mining Co. (HAR.JO) on Tuesday said that total gold production for the first quarter of fiscal 2018 rose 5% compared with the fourth quarter of last year, leading to a fall in operating costs.

The South African gold miner produced a total of 290,644 ounces in the quarter ended Sept. 30, compared with 275,660 for previous quarter and 277,461 for the comparative quarter last year.

Harmony Gold Mining added that production from its South African operations rose 14% compared with the fourth quarter of fiscal 2017--the top end of its guided range--due to a 10% increase in ore milled and a 4% increase in recovered grade.

On Oct. 12 Harmony said it expected first quarter production from its South African underground operations to be 12%-14% higher than the fourth quarter of fiscal 2017.

Total costs fell to $1,152 an ounce in the quarter, compared with $1,219 in the earlier quarter, it said. Costs for its South African underground operations fell 8% to $1,151 an ounce in the quarter.

Write to Ian Walker at [email protected]; @IanWalk40289749

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLD
07/16Wheaton in streaming deal with gold miner Sibanye
RE
07/16Sibanye-Stillwater Strikes $500 Million Gold, Palladium Deal With Wheaton Pre..
DJ
07/13Materials Shares Edge Lower; Gold Prices Fall -- Materials Roundup
DJ
07/11Metals slide deepens as trade fears escalate
DJ
07/11Metals Slide Deepens as Trade Fears Escalate
DJ
07/11Metals Slide Deepens as Trade Fears Escalate
DJ
07/11Metals Slide Deepens as Trade Fears Escalate
DJ
07/11Metals Bear Brunt of Trade Concerns
DJ
07/11ELDORADO GOLD : Names Philip Yee Chief Financial Officer
DJ
07/09SHANDONG GOLD MINING : Canada's Barrick, China's Shandong Gold to deepen ties, l..
RE
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | XAUUSD | 4-Traders
Technical analysis trends GOLD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral