Trade Resources Industry Views Gold Production Increased by 12% for The Second Consecutive Quarter

Gold Production Increased by 12% for The Second Consecutive Quarter

Harmony Gold Mining Company Limited is pleased to advise that gold production increased by 12% for the second consecutive quarter, while cash operating costs decreased by 7% to R324 272/kg (11% to US$1 013/oz) and all-in sustaining costs decreased by 14% to R404 694/kg (19% from US$1 551/oz to US$1 264/oz) quarter on quarter.

12% increase in gold production for second consecutive quarter

55% increase in operating profit quarter on quarter

Significant cost reductions during the quarter

cash operating costs decreased by 7% to R324 272/kg (11% to US$1 013/oz)

14% decrease in all-in sustaining costs from R471 146/kg to R404 694/kg (19% from US$1 551/oz to US$1 264/oz)

Please refer to the details of our dial-in and webcast information for today's results' calls and to download the quarterly booklet and presentation in support of our webcast and calls.

Source: http://www.yourmetalnews.com/news_item.php?newsID=96074
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Topics: Metallurgy