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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Harmony Gold Mining Company Ltd    HARJ   ZAE000015228

HARMONY GOLD MINING COMPANY LTD (HARJ)
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Harmony Gold Mining : Receives Encouraging Exploration Results at Kalgold Project

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06/04/2018 | 06:00pm CEST

By Maryam Cockar

Harmony Gold Mining Company Ltd. (HAR.JO) said Monday that it received encouraging exploration results for its Kalgold open-pit operation in South Africa.

The miner said the results from exploration drilling at Kalgold indicate an expanded, robust mineralized system that extends beyond the current resource limits.

Chief Executive Peter Steenkamp said intersections at the project show good geology and mineralization continuity and present a growth opportunity for Harmony.

The company said it will prepare an updated mineral resource estimate incorporating the exploration data, which will form the basis of prefeasibility studies planned for 2019.

Write to Maryam Cockar at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.13% 1267.5 Delayed Quote.-2.12%
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Financials ( ZAR)
Sales 2018 20 503 M
EBIT 2018 1 936 M
Net income 2018 1 448 M
Debt 2018 3 690 M
Yield 2018 0,30%
P/E ratio 2018 6,60
P/E ratio 2019 7,65
EV / Sales 2018 0,70x
EV / Sales 2019 0,57x
Capitalization 10 575 M
Chart HARMONY GOLD MINING COMPAN
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Harmony Gold Mining Compan Technical Analysis Chart | HARJ | ZAE000015228 | 4-Traders
Technical analysis trends HARMONY GOLD MINING COMPAN
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 29,3  ZAR
Spread / Average Target 37%
EPS Revisions
Managers
NameTitle
Peter Steenkamp Chief Executive Officer & Executive Director
Patrice Tlhopane Motsepe Non-Independent Non-Executive Chairman
Beyers Nel Chief Operating Officer-South African Operations
Boipelo Lekubo Co-Chief Financial Officer
Danie Muller Co-Chief Financial Officer
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