Harmony Gold set to pluck fruit of gold price rise in next financial year
The miner reported a loss in the current year despite bullion’s sky-high international prices
15 September 2020 - 07:58
UPDATED 15 September 2020 - 19:34
SA gold miner Harmony Gold expects to report a profit when the full benefit of record-high rand gold prices filter through to its bottom line.
The company, which will become the largest gold producer in SA in terms of volumes when it takes over AngloGold Ashanti’s Mponeng gold mine in October, reported a R850m loss for the financial year ended in June 2020 despite record-high rand gold prices in the period under review...
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