Harmony Gold jumps 11% as higher gold price powers profit
Mponeng and Hidden Valley mines boost grades above upper end of guidance
23 August 2023 - 19:07
Harmony Gold expects full-year profit to rebound by up to 70%, boosted by higher gold prices and the recovery of better grades of metal.
Following the release of a trading update on Wednesday, Harmony’s share price jumped as much as 12.2% before settling about 11% higher at R73.06. This was its biggest one-day gain since mid-March. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.