{"id":944891,"date":"2018-08-21T10:26:31","date_gmt":"2018-08-21T10:26:31","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=944891"},"modified":"2018-08-21T10:26:31","modified_gmt":"2018-08-21T10:26:31","slug":"harmony-gold-swings-to-loss-sees-deaths-at-operations-mount-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=944891","title":{"rendered":"Harmony Gold swings to loss, sees deaths at operations mount"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

Harmony Gold (JSE:HAR) (NYSE:HMY), the world’s fifth largest producer of the precious metal, swung to a net loss for fiscal 2018 after booking impairment costs at a number of its mines, as well as an additional loss due to foreign-currency effects.<\/p>\n

The South African gold miner posted a 43% drop in annual earnings<\/a>, or a 4.47 billion South African rand loss (about $309 million), compared to a net profit of 362 million rand in fiscal 2017.<\/p>\n

It also revealed a significant setback in terms of safety at its operations, with 13 workers killed in the 12-month period to June 30, compared to just five in 2017.<\/p>\n

Headline earnings per share came in at 171 cents, in line with what it had previously flagged to the market, from 298 cents a year earlier.<\/p>\n

Harmony’s total gold output increased 13% to 1.22 million ounces. For 2019, the company is targeting 1.45 million ounces thanks to its re-investment in Hidden Valley and acquisition of Moab Khotsong<\/a>.<\/p>\n

The company said the key focus areas for 2019 will be safety, repaying debt, delivering on its operational plans and substantially progressing the permitting of its Wafi-Golpu project in Papua New Guinea.<\/p>\n

The post Harmony Gold swings to loss, sees deaths at operations mount<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie Harmony Gold (JSE:HAR) (NYSE:HMY), the world’s fifth largest producer of the precious metal, swung to a net loss for fiscal 2018 after booking impairment costs at a number of its mines, as well as an additional loss due to foreign-currency effects. The South African gold miner posted a 43% drop in annual […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/944891"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=944891"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/944891\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=944891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=944891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=944891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}