By Carlo Martuscelli
Harmony Gold Mining Co. Ltd. (HMY) said Wednesday that it had raised 1.05 billion South African rand ($82.8 million) in a placing of shares at ZAR19.12 each, a 12% discount to Tuesday's closing price.
The proceeds came in under the ZAR1.26 billion figure that the South African miner was aiming for. The money will be used to pay back part of an outstanding bridge loan that was used to buy the Moab Khotsong gold mine in South Africa.
Write to Carlo Martuscelli at [email protected]