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Harmony Gold expects over 100% increase in FY23 basic earnings

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Harmony Gold , a senior global gold producer, announced today that it met its production and cost guidance and beat its guidance on underground recovered grades in FY23 .

Harmony noted that it continues to deliver"excellent" underground-recovered grades from its South African operations, underpinned by a"phenomenal" performance from Mponeng. Importantly, the company announced that its basic earnings per share are expected to be between 43 and 45 US cents in FY23, which is an increase of more than 100% on the loss per share of 8 US cents reported for the previous comparable period.

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