Harmony Gold Mining

Harmony Gold Mining shares enter oversold territory

In trading on Tuesday, shares of Harmony Gold Mining Co. Ltd. (NYSE: HMY) entered into oversold territory, changing hands as low as $8.66 per share.

Harmony Gold may boost output by 150,000 ounces next year

Harmony Gold Mining Co. (HAR), the third- largest African miner of the metal, may boost output by 150,000 ounces in the fiscal year ending June 2013 as the company starts new projects, Chief Executive Officer Graham Briggs said.

Harmony Gold’s workers mining their own business: company to give them 2,9% ownership

Over 33,000 workers of Harmony Gold Mining (NYSE:HMY), South Africa's third-biggest gold producer, will be owners of direct shares in the company thanks to its employee share ownership plan (ESOP), announced CEO Graham Briggs today.

Two fatalities at South African gold mines in one day

Two South African gold mines have reported fatalities at their mines on the same day.

SA gold stocks underpinned by Harmony

South African gold stocks tick higher despite a fall in spot bullion prices after the country's third-largest producer reports a jump in third-quarter earnings.

Harmony Terminates Option to Acquire Purisima Project

Harmony Gold Corp. (TSX VENTURE:H) (the "Company") announces that it has terminated the option agreement (the "Agreement") with ECI Exploration and Mining Inc. ("ECI") pursuant to which it had been granted an option to acquire up to a 70% interest in ECI's Purisima Project located in the state of Nayarit, in west-central Mexico.

Harmony Gold eyes copper-gold projects in Philippines

South African mining firm Harmony Gold Mining Co. Ltd., the worlds fifth largest gold producer, is looking to invest in copper-gold projects in the Philippines.

Harmony preparing for possible strike

Harmony Gold Mining Company Limited said that following wage negotiations with the trade unions (National Union of Mineworkers (NUM), Solidarity and UASA) a deadlock was declared yesterday.

South Africa gold miners hammered as costs spiral

By early afternoon on Thursday 7.5% or over $400m had been wiped off the value of Harmony Gold Mining stock in New York, the worst performer in an index of 50 of the largest gold and silver counters. Other South African gold miners were also punished with both Anglogold Ashanti and Gold Fields down over 5%.

Some South African produces are struggling with cash outlays of $1,200/ounce – almost double the global average – thanks to a strong currency, wage disputes, power supply problems and geological issues. As the gold price eases as much as 180,000 oz of quarterly production are being put at risk.

Buyers could line up for Harmony’s massive Papua New Guinea find

The takeover rumour mill is working overtime as speculation about the size of Harmony Gold’s Wafi-Golpu deposit increases. Harmony has already been forced to share the planet’s potentially third largest gold and copper mine with Australia’s Newcrest Mining, selling 50% of the project for $525m three years ago.

Now, as the value of Wafi-Golpu climbs – Deutsche Bank recently put it at $9.9bn – and predictions of development cost reach $5bn, other suitors may be lining up for the assets. M&A activity in the gold sector is at a 10-year high and top takeover candidates are Harmony’s South African peer Gold Fields, Canada's Barrick Gold, Newmont Mining and partner Newcrest itself.

Harmony CEO reckons gold to hit $1800 next year

South Africa's Harmony Gold (HARJ.J),the world's fifth-largest gold miner, sees the price of gold rising to $1,800 an ounce in 2012, its chief executive said on Thursday.
The spot price of gold has been at record peaks, surpassing the $1,500 an ounce mark, and Chief Executive Graham Briggs said it could even go higher.

Harmony CEO says Wafi-Golpu gold mine development cost could reach $4 billion

The cost of developing the huge Wafi-Golpu gold-copper project in PNG could be as much as $4billion according to Harmony CEO, Graham Briggs.

Harmony Gold forecasts drop in March quarter gold production

Harmony Gold (HARJ.J: Quote) said on Wednesday that its gold production for the March 2011 quarter would likely be two percent lower than the previous quarter mainly due the impact of the Christmas break.

It did not give figures in a brief guidance to investors but it said cash operating costs remained steady and capital expenditure was contained during the quarter.

Harmony shares up 5% on ratings upgrade

Shares in South African gold miner, Harmony Gold, rose just over 5% on the back of a positive investment rating by RBC Shares in Harmony Gold Mining (HARJ.J: Quote) rose by over 5 percent in early trade on Thursday with dealers attributing the rise to an

Harmony’s operating profit is up 33%

Gold production was down four percent but operating profit increased 33% at Harmony. The company announced second quarter results on Monday for the period ending Dec. 31, 2010.