Harmony Gold Mining HY HEPS 249 SA Cents Feb 11 (Reuters) – Harmony Gold Mining Company Ltd: * RESULTS FOR THE INTERIM PERIOD ENDED 31 DECEMBER 2019 – SHORT FORM ANNOUNCEMENT * HY 12% INCREASE IN REVENUE TO R15 477 MILLION (8% INCREASE TO US$1 054 MILLION) * NO ORDINARY CASH DIVIDEND DECLARED FOR SIX MONTHS * HY HEADLINE EARNINGS PER SHARE OF 249 SA CENTS * HY EARNINGS PER SHARE OF 249 SA CENTS * PLANS TO PRODUCE ABOUT 1.4 MOZ GOLD IN FY20 (4% LESS THAN THE 1.46MOZ PREVIOUSLY GUIDED) * SEES 2020 OUTPUT AT AVERAGE UNDERGROUND RECOVERED GRADE OF ABOUT 5.50G/T TO 5.57G/T (6% ADJUSTMENT) * SEES 2020 OUTPUT AT AN ALL-IN SUSTAINING COST OF R600 000/KG TO R610 000KG (4% ADJUSTMENT) * PRUDENT TO ADJUST GRADE GUIDANCE FOR SOUTH AFRICAN OPERATIONS FOR 2020 FINANCIAL YEAR BY 6.5% FROM 5.96G/T TO BETWEEN 5.50G/T & 5.57G/T * “UNRELIABILITY OF ELECTRICITY SUPPLY, TOGETHER WITH ITS COST – NOW CLOSE TO 16% OF TOTAL COSTS – IS A CONTINUING CONCERN” Source text for Eikon: Further company coverage: 2020-02-11 07:15:52
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