Harmony Gold Increases Its Production by 38% In a Three-month Period

The total gold production has increased about 38% from the quarter ended   September 2020 which was 9 758kg (313 725oz) until the quarter ended 31 December 2020 which was 13 425kg (431 622oz) reported by the Harmony Gold. The average recovered underground grade has also increased by 9% during this time from 5.31g/t to 5.80g/t.

The total production of the last six months of 2020 has raised about 8% to 23 183kg in comparison with the total production of the last six months of 2019, that was 21 411 kilograms. The Underground recovered grade has increased by 5% from 5.29g/t in 2019 to 5.58g/t in 2020.

As the Harmony Gold stated, the overall improvement in gold production was because of the incorporation of the Mponeng, and Mine Waste Solutions assets and some efficient steps have been taken to avoid and minimize the effects of COVID-19 and disciplined mining has also been introduced.

Peter Steenkamp, the Harmony Gold CEO, said that Mponeng and Mine Waste Solutions were integrated as it was expected and it resulted in better production of ounces in both quality and quantity. He would also like to thank their health, and operational teams for doing a great job creating a safe and secure comeback to work since their most significant concerns were the health condition, safety and general well-being of their workers.

Harmony, a gold and copper mining and exploration company, operates in South Africa and Papua New Guinea. It owns ten underground mines, an open-pit operation and several surface sources in South Africa in addition to one open-pit mine and several exploration tenements in Papua New Guinea. Its significant gold-copper portfolio includes a 50% stalk in the Wafi-Golpu project and a tier 1 asset in Papua New Guinea's joint venture.