Harmony achieves better than expected output levels, notes gold price benefits

Despite Covid-19 disruptions to its operations, Harmony Gold Mining Company managed to achieve up to 75% of planned production during the last quarter of the its financial year to June 30, which was higher than it initially expected to achieve.

However, year-on-year, total gold production was 15% lower at 1.2-million ounces, mainly as a result of the impact of the Covid-19 national lockdown and phased recovery in South Africa.