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Strategies & Market Trends : Winter in the Great White North

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From: teevee	7/27/2012 12:06:49 PM
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Grade is king.....also looking forward to exploration update on Zimake on August 16th:-) Harmony’s guidance for June 2012 quarter27 July 2012Johannesburg. Friday, 27 July 2012. Harmony Gold Mining Company Limited (Harmony) announces that gold production* for the June 2012 quarter is likely to be 13% to 14% higher than the previous quarter, driven by higher tonnage and improved grade. Total operating costs were higher, mainly due to an increase in electricity tariffs and consumables. Cash operating cost per unit was approximately 5% lower quarter on quarter at R280 000/kg. Chief Executive Officer, Graham Briggs, commented that: “June was a pleasing quarter, with operations performing more in line with their plans.” Harmony’s results for the quarter and year ended 30 June 2012 will be released on Thursday, 16 August 2012.

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