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Harmony Gold Mining Company Limited (NYSE:HMY) Q1 2023 Earnings Call Transcript

Good grade uplifts Harmony s gold output

Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on Wednesday. The quarter-on-quarter production increase was ascribed mainly to improved underground recovered grades mined during the second quarter of Harmony’s financial year 2023, which were higher than the 5.45 g/t to 5.60 g/t guided earlier this year. Underground recovered grade guidance for the full year remains at between 5.45 g/t to 5.60 g/t, however.

Grade boost helps Harmony halfway to 1 4-1 5 million oz gold target

Grade boost helps Harmony halfway to 1 4-1 5 million oz gold target
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