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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Ken Benes who wrote (59848)10/16/2000 3:27:13 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116764
 
Ken, <<ABX>> Soon, people will be paying us to take that stock? LOL



To: Ken Benes who wrote (59848)10/17/2000 9:19:25 AM
From: lorne  Read Replies (2) | Respond to of 116764
 
The problem >>> Harmony Gold shares hit
By Nicol Degli Innocenti in Johannesburg
Published: October 16 2000 22:36GMT | Last Updated: October 17 2000 03:06GMT

Shares in Harmony Gold, the world's sixth largest gold producer, fell 9 per cent to R33.50 on the Johannesburg Stock Exchange on Monday after the company reported what it called "disappointing" results for the three months to the end of September.

Despite the weak rand, cash operating profit declined 23 per cent from $26m to $20m, while net earnings per share fell from 17 cents to 12 cents.

Production fell in the June quarter, while cash costs increased from $234 to $245 an ounce.

"It has been a quarter of missed opportunities," Bernard Swanepoel, Harmony chief executive, said on Monday - largely as a result of lower recovered grades.
news.ft.com

The solution >>>Harmony chief pledges 50% higher output by 2002

Posted: 2000/10/16 10:20 PM GMT+2
" Harmony Gold's chief executive Bernard Swanepoel has spectacularly pledged to add another million ounces to gold output in the next two years or be fired. "
Full story >>>
m1.mny.co.za