Harmony’s first-quarter gold output up 6%
October 30, 2009 by goldguru · Leave a Comment
South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure some of its lowest-grade, highest-cost operations as a result of the strengthening rand.
Both the underground and surface sources had increased output during the first quarter of the company’s 2010 financial year, with underground output up by 5% quarter-on-quarter to 10 724 kg.
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