Harmony rolls over its hedge book as it ramps up production
SA's largest domestic gold producer pushes back 191,000oz of gold hedges after a three-week stoppage at its mines in a national lockdown
20 April 2020 - 15:23
Harmony Gold has delayed contracted gold sales for prices far below the metal's prevailing price because of SA's national lockdown that curtailed its mining operations for the past three weeks.
Harmony said on Monday it will ramp up its mines up to 50% capacity over five days as regulations governing mining during the five-week lockdown to end-April were eased for the broad sector after the first 21 days that brought SA's mines to a standstill...
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