R949 million profit for Harmony Gold Mine
Harmony gold mine is in an upward trend continue to be driven by excellence.
The mine has recorded a net profit of R949 million for the six months and year ended 30 June 2016.
Harmony’s revenue increased by 19% during the period.
Executive director Mashego Mashego told Kaya News that they have also reduced net debt by 54% to R1.08 billion
“We did reach the target, we gave the indications to the markets previously that we were going to make 1.1 million ounces for the year and we have delivered on that target. I can say we are excited” said Mashego.