Harmony Gold expects to beat targets for full-year production, costs

seekingalpha06-20

Harmony Gold (NYSE:HMY) +1.3% pre-market Thursday after saying it expects to beat its targets for production, costs and grade for the fiscal year ended June 30, as it continues to generate "...

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The South African miner said it expects to exceed full-year production guidance of 1.55M oz, citing \"sustained operational excellence,\" while it sees costs coming in \"comfortably below\" its forecast of 920K rand/kg , and total underground recovered grades were higher than its estimate of 6 g/t. \"Our balance sheet has been bolstered, and our group operating free cash flow margins have improved, enabling us to take the Eva Copper project up the value curve,\" CEO Peter Steenkamp said. \"We have built a solid balance sheet, which remains in a net cash position,\" the CEO said. \"Although Harmony has entered a cycle of higher capex, this is necessary to ensure we continue replacing our mineral reserves, while improving the qu","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4017":"黄金","HMY":"哈莫尼黄金"},"translate_title":"Harmony Gold预计将超出全年产量和成本目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HMY":1},"content_text":"Harmony Gold (NYSE:HMY) +1.3% pre-market Thursday after saying it expects to beat its targets for production, costs and grade for the fiscal year ended June 30, as it continues to generate \"exceptional\" operating free cash flow from higher gold prices and improved recovered grades. 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