Despite the decline in SA’s gold output, Harmony Gold remains upbeat about the growth potential of its SA mines after reporting operating free cash flow at R12.7bn for its latest financial year — more than double that of the previous year and the highest in the company’s history. 

This was largely thanks to Harmony’s SA surface operations, whose operating free cash flows were more than three times that of the previous financial year, at R2.6bn for the year to end-June...

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