Uncategorized 26.3.2014 03:19 pm

Harmony production down

PHOTO: AFP

PHOTO: AFP

Harmony Gold’s March quarter production will be 15 percent lower compared with the previous quarter, the company said on Wednesday.

“The company advises that gold production for the quarter ended March 2014 will be 12 percent to 15 percent lower than the previous quarter,” the company said in a statement.

It said production stoppages at Doornkop due to an accident in February, flooding of the shaft bottom at Joel and a slower turnaround at Kusasalethu have contributed to lower production quarter on quarter.

“Production at Steyn 2 was suspended six months earlier than its original life of mine plan, due to the safety risk that seismicity in the working areas posed.”

Harmony’s results for the quarter ended March 31 will be released on May 6.

Sapa

 

 

 

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