Harmony Gold says 2017 production guidance well within reach

|About: Harmony Gold Mining Company... (HMY)|By:, SA News Editor

Harmony Gold (HMY -1.4%) says its FY 2017 gold production guidance of 1.05M oz. is "well in reach," with YTD production of 812K oz. at a cash operating cost of $996/oz.

HMY says Q/Q gold production was 7% lower mainly due to the customary slow start up after the December holidays.

HMY also says it recorded a YTD 8% operating free cash flow margin, strengthened by gold hedging agreements in place.

In recent months, HMY has lost production at its Kusasalethu gold mine following a strike.

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