Harmony cuts guidance on Papua New Guinea woes

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Harmony cuts guidance on Papua New Guinea woes
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The group has trimmed its full-year gold output forecast by 4% after geotechnical issues at the Hidden Valley operation

Harmony, SA’s largest gold miner, has cut its full-year production forecast by about 4% due to issues in Papua New Guinea, including a conveyor belt failure.

Gold production from the core SA operations remained steady in the six months to end-December, but the company cut its full-year guidance for its Hidden Valley mine by about a quarter...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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