South Africa's Harmony Gold said on Thursday it swung into quarterly profit as production inched up and a weaker rand currency offset declines in the dollar price of bullion.
Harmony Gold swings into quarterly profit
Production in the period rose for a third consecutive quarter by 2 percent to 287,074 ounces, the company said in a statement.
Recommended articles
Headline earnings per share - which strips off certain one-off items - reached 17 cents in the three months to December from a loss of 1.20 rand in the previous quarter.
South African mining companies benefit from mostly cheaper costs because they are paid in the rand and earn higher income from sales of their commodities in dollars.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
National Assembly to make law that'll make university admission illegal for under 18
Ganduje describes his purported suspension from APC as African drama
Minister of Education summons Lead British School management over bullying scandal
Coalition backs Tinubu's policies, security interventions, other reforms
Kano ranked as worst-governed state in Nigeria
EFCC boss vows to resign if Yahaya Bello is not prosecuted
EFCC arrests ex-aviation minister Sirika for ₦8bn Nigerian Air scandal
Ex-APC spokesperson backs EFCC's hunt for Yahaya Bello
Woman suffering incurable disease finally gets her wish to choose how she dies
ADVERTISEMENT