Latest News

South Africa's top gold miner boosts dividend after earnings leaps

Harmony Gold, South Africa's biggest gold miner by volume, says it will pay a. record interim dividend after a jump in output of the precious. metal and revenues in the 6 months through December.

The Johannesburg-based gold miner on Wednesday declared an. interim payment of 147 rand cents per share, increasing returns. to financiers as higher gold cost, enhanced mine grades and. greater output assisted to lower expenses and enhanced revenues by 35%. Harmony stated its net profit in the first-half rose 220% to. nearly 6 billion rand.

Harmony is amongst South Africa's few staying gold miners. squeezing make money from a few of the world's most costly, aging. and deepest gold mines.

Gold output leapt 14% to about 832,000 ounces and. production for the year is forecast at about 1.48 million. ounces. Output was buoyed by a 30% boost in production from. its Mponeng mine. Consistency stated it likewise approved a plan to extend. the life of Mponeng, the world's deepest gold mine, by 20 years. from 7 presently.

Like the majority of its South African peers, Consistency is moving. focus away from home nation to gold and copper jobs in. Papua New Guinea, where it already owns a producing operation,. and Australia.

(source: Reuters)