Close

Harmony Gold has announced that gold production for the quarter ended March 2013 will be approximately 15% lower than the previous quarter.

The company noted that temporary closure of its Kusasalethu mine, due to safety and security problems, the ventilation challenge at Phakisa and a slow start-up at other operations post the festive season, resulted in lower quarter on quarter gold production.

More than half of the employees at Kusasalethu have returned to the mine to date and Kusasalethu is expected to return to normal production levels after June 2013.

Harmony Gold advised that Kusasalethu‘s and Phakisa‘s performance may further impact the company’s June 2013 production quarter.

Results for the quarter ended 31 March 2013 will be released on 3 May, 2013.

Additional Reading?

Request Free Copy