Harmony Gold gets bump from weaker rand and cuts debt
The purchase of AngloGold Ashanti’s underground and tailings retreatment operations added extra ounces from October 2020
SA’s biggest gold producer, Harmony Gold, says it cut debt by a quarter in the three months to end-September, getting a bump from a weaker rand.
Net debt fell R139m to R454m in the period, the first quarter of the miner’s 2022 financial year, with the rand-gold price up 4% from the previous three months due to a weaker local currency. ..