S.Africa's Harmony Gold on track to meet output guidance after Mponeng acquisition

  • Reuters
  • Stock Market News
S.Africa's Harmony Gold on track to meet output guidance after Mponeng acquisition
Credit: © Reuters.

JOHANNESBURG, Jan 25 (Reuters) - South African bullion producer Harmony Gold HARJ.J said on Monday it was on track to meet its annual output guidance due to the inclusion of its newly acquired Mponeng mine and as measures to offset the impact of COVID-19 paid off.

Harmony said it was on track to meet its annual gold production guidance of between 1.26 million ounces and 1.3 million ounces after producing 745,347 ounces in the six months ended December.

Mponeng mine, the deepest in the world, and related assets have contributed 103,525 ounces to the group since it assumed full ownership from rival AngloGold Ashanti ANGJ.J in October.

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