Harmony Gold Mining Mining News

Harmony logs record quarterly revenue, halves debt

The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.

Harmony Gold bullish on cash flows as it reports increased output in Q3

After losing money for three years to 2015, Harmony is now focused on finding mines able to offset falling production at its South African operations.

Harmony buys out Newcrest stake in Hidden Valley gold mine

Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.

Harmony eyes lift in total gold output to 1.5moz pa and to add wider African gold acquisitions

The world’s fifth largest gold producer has told a Perth mining forum today that it plans to lift its total output to 1.5 million ounces a year within three years as it combines its increasing output from African and PNG mines.

Graham Briggs to retire as the CEO of Harmony Gold

A geologist by training, the 62 year old executive has been with the company for 20 years.

Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.

Harmony halts operations at Unisel mine after fatal incident

The employee was fatally injured in an accident while performing maintenance work on Saturday.

All workers rescued at Harmony's mine, but profit to take a hit

The mine, Harmony's single largest gold producer, will likely remain closed for an indefinite period while a probe is held.

About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Specially trained rescue teams continue their efforts to save the remaining employees, said the company.

Newcrest, Harmony set to build one of the world's lowest-cost gold mines

The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.

Newcrest outlines plans for US$2.3 billion PNG gold mine

Newcrest Mining Ltd. (NCM.AU) and Harmony Gold Mining Co. Ltd. (HAR.JO) will carry out a feasibility study for a possible new gold mine in Papua New Guinea that they forecast will cost US$2.3 billion to begin building, and which they say could start producing metal by the end of the decade.

Harmony Gold cutting jobs at S. African mine to turn around operation

The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.

South Africa’s gold miners look at mergers to stay afloat

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

Harmony Gold to write down $130 million on mothballed mine expansion

Harmony decided against expanding its Phakisa mine and will write down the value of the asset.

KTI erects jumbo ice plant at Harmony’s Phakisa gold mine in 10 days

Structural steel for walkways, container supports pre-manufactured and delivered ahead of time.

Strikes, violence threaten Harmony Gold's mine

The miner revealed it is reviewing its Kusasalethu mine’s financial and operational status.

Labour unrest forces Harmony Gold to close South African mine

Harmony Gold Mining (NYSE:HMY) announced Thursday it has closed its Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season due to violent demonstrations following the suspension of 578 workers.

Break out of violence at Harmony Gold mine leaves two dead

South African Harmony Gold (NYSE:HMY) said police is investigating a violent incident that left two of its workers another and injured at one of its mines as unrest continues in the industry.

Harmony Gold’s mine halted after deadly accident

Drilling at Harmony Gold’s Kusasalethu mine, in western Gauteng, was halted on Monday after a worker was killed and another injured in a blasting accident.

Gold Fields issues ultimatum to 15,000 striking miners

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Harmony Gold: Kusasalethu mine still closed as workers barricade entrance

Harmony Gold Mining Co. said yesterday that workers barricaded the entrance to its Kusasalethu mine on the West Rand keeping mine operations shuttered.

South Africa's wildcat strikes reach Harmony Gold

South Africa's third-largest gold producer after AngloGold and Gold Fields Ltd., Harmony Gold Ltd. (JSE:HAR), said Wednesday that workers at its Kusasalethu mine embarked on a strike.

Harmony up 7% as punters bet Wafi-Golpu pre-feasibility will map out a Grasberg rival

Release of a pre-feasibility study for Wafi-Golpu in Papua New Guinea is expected any day now and punters hope drilling results that put the deposit into the same league as Freeport-McMoran’s Grasberg mine across the border in West Papua, Indonesia are confirmed.

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.