Superior quality uplifts Harmony’s gold output

JOHANNESBURG ( – Regardless of the ongoing electrical power shortages and supply chain disruptions, the whole gold production of Harmony Gold has improved quarter-on-quarter, the Johannesburg- and New York-detailed firm, which will be presenting at future week’s Investing in African Mining Indaba in Cape Town, mentioned on Wednesday.

The quarter-on-quarter generation enhance was ascribed mostly to improved underground recovered grades mined for the duration of the 2nd quarter of Harmony’s monetary yr 2023, which were bigger than the 5.45 g/t to 5.60 g/t guided previously this year. Underground recovered grade assistance for the total calendar year remains at amongst 5.45 g/t and 5.60 g/t, having said that.

Generation guidance for the whole economic year 2023 continues to be at from 1 400 000 oz to 1 500 000 oz, with all-in-sustaining charges forecast to be beneath R900 000/kg, as has been reached in the 6 months to December 31.

The 47 000-personnel Harmony, which has 9 underground mines, one particular openpit mine and numerous surface area functions in South Africa, is this country’s greatest gold producer by quantity.

Outside the house of South Africa, it mines in Papua New Guinea, wherever it is also building the Wafi-Golpu gold/copper venture, and previous yr obtained Eva Copper in Australia, the place feasibility experiments are underway into what is a fully-permitted, in close proximity to-term copper/gold venture in northern Queensland.


Meanwhile, all the vital permits and approvals have been gained for the expansion of the Kareerand tailings storage facility at Mine Waste Alternatives, a lower-risk, very low-charge surface procedure, in close proximity to Stilfontein, in North West province, which is predicted to create about 100 000 oz/y of gold and increase 16 yrs of mine existence to the procedure.

COPPER Potential clients

Pursuing the conclusion of the Eva transaction in December, feasibility experiments are underway into this absolutely-permitted, in close proximity to-term copper/gold task in Northern Queensland, Australia, which is absolutely permitted, with the benefits of the studies expected within 12 months. Together with Wafi-Golpu, Eva Copper introduces the prospect of near-term copper into the portfolio.


With immediate influence, Harmony’s South Africa and Southeast Asia operational executive teams have been restructured as regional govt administration teams beneath the leadership of Beyers Nel as team main functioning officer operations. From 2016 Nel held the position of main working officer of the South African operations.

In addition, a process is under way to recruit two regional government working officers covering South Africa and Southeast Asia, who who will report to Nel, and the new enterprise growth and growth function has been strengthened beneath the management of Johannes Van Heerden as team chief functioning officer of small business advancement and progress.

Van Heerden, who joined Harmony in 1998 and who has been main govt officer Southeast Asia given that 2008, is now committed thoroughly to company development and growth, with aim areas which includes major Eva Copper into growth, progressing Wafi-Golpu, and pursuing further growth options in Africa, Southeast Asia and Australia.