[miningmx.com] – HARMONY Gold said group production would be 10% lower quarter-on-quarter in the three months ended March owing to slow a start-up post the December holidays, and safety stoppages.
“Operating and capital costs are expected to have reduced by a similar percentage compared to the previous quarter,” the company said in an announcement.
“Underground grade remained consistent,” it added. Harmony is due to report its March operating and financial figures on May 8.
The gold producer also said restructuring at its Kusasalethu mine was completed with “a full cost saving” due to be realised in the June quarter.
