BRIEF-Harmony Gold Mining Says HY HEPS Increased By 211%

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BRIEF-Harmony Gold Mining Says HY HEPS Increased By 211%
Credit: © Reuters.

Feb 23 (Reuters) - Harmony Gold Mining Company Ltd HARJ.J :

* JSE: HAR - RESULTS FOR THE INTERIM PERIOD ENDED 31 DECEMBER 2020 – SHORT FORM ANNOUNCEMENT

* HALF YEAR NET PROFIT ROSE 336 PERCENT TO 5.8 BILLION ZAR

* HALF YEAR REVENUE 21.6 BILLION ZAR

* HARMONY GOLD - HY HEPS INCREASED BY 211% TO 775 SA CENTS (48 US CENTS) FROM 249 SA CENTS (17 US CENTS)

* HARMONY GOLD - HY 336% INCREASE IN NET PROFIT TO R5.8BN (US$356M) FROM R1.3BN (US$91M)

* HARMONY GOLD - INTERIM DIVIDEND OF 110 SA CENTS (APPROXIMATELY 7.5 US CENTS) PER SHARE DECLARED (DECEMBER 2019: NIL)

* HARMONY GOLD - PRODUCTION GUIDANCE FOR FY21 IS EXPECTED TO BE BETWEEN 1.56MOZ AND 1.6MOZ

* HARMONY GOLD - SEES FY21 ALL-IN SUSTAINING COST OF BETWEEN R700 000/KG AND R720 000/KG

* HARMONY GOLD - SEES FY21 UNDERGROUND RECOVERED GRADE IS EXPECTED TO INCREASE FROM BETWEEN 5.47G/T AND 5.64G/T (PREVIOUSLY 5.47G/T TO 5.5G/T).

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