Johannesburg - The Harmony Gold Mining Company [JSE:HAR]
announced on Monday that gold production for the quarter ended March 2013 will be approximately 15% lower than the previous quarter.
It said the temporary closure of Kusasalethu due to safety and security reasons‚ the ventilation challenge at Phakisa and a slow start-up at the other operations post the festive season‚ had resulted in lower quarter on quarter gold production.
“More than half of the employees at Kusasalethu have returned to the mine to date and Kusasalethu is expected to return to normal production levels after June 2013. Kusasalethu’s and Phakisa’s performance may further impact Harmony’s June 2013 production quarter‚” the group cautioned.
Harmony’s results for the quarter ended 31 March 2013 will be released on Friday 3 May 2013.
It said the temporary closure of Kusasalethu due to safety and security reasons‚ the ventilation challenge at Phakisa and a slow start-up at the other operations post the festive season‚ had resulted in lower quarter on quarter gold production.
“More than half of the employees at Kusasalethu have returned to the mine to date and Kusasalethu is expected to return to normal production levels after June 2013. Kusasalethu’s and Phakisa’s performance may further impact Harmony’s June 2013 production quarter‚” the group cautioned.
Harmony’s results for the quarter ended 31 March 2013 will be released on Friday 3 May 2013.