South Africa's Harmony Gold reports jump in Q3 core earnings

  • Reuters
  • Stock Market News
South Africa's Harmony Gold reports jump in Q3 core earnings
Credit: © Reuters.

JOHANNESBURG, May 11 (Reuters) - South African miner Harmony Gold HARJ.J on Tuesday reported a jump in third-quarter core profit and a 14% increase in production driven by the inclusion of its Mponeng assets and a stronger gold price.

Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose 360% to 9.439 billion rand ($672 million)for the nine months ended March 2021.

The gold miner said production increased to 1,124,274 ounces during the quarter from 990,691 ounces the same period a year earlier. ($1 = 14.0461 rand)

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