Move is aimed at creating immediately profitable operation, CEO says
Harmony Gold, which operates mines in SA and Papua New Guinea, is splitting its Tshepong operations in the Free State and suspending one of its projects as it warned headline earnings could halve in 2022.
The miner sees headline earnings per share dropping 44%-53% to 461c-549c in the year to end-June because of higher production costs, impairment losses on property, plant and equipment as well as goodwill...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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