Mega gold producer, copper aspirant Harmony flags cost-offsetting silver, uranium value

Harmony CEO Peter Steenkamp, who retires at year-end. Harmony CEO Peter Steenkamp, who retires at year-end. By: Martin Creamer

Creamer Media Editor

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Listen to this article6 minJOHANNESBURG (miningweekly.com) – Johannesburg Stock Exchange-listed Harmony, which has 74 years of mining experience in South Africa and two decades in Papua New Guinea (PNG), is not only a mega gold mining specialist with an emerging copper footprint, but on Thursday also flagged the cost-offsetting value of its silver and uranium production.While 96% of revenue is from gold , byproducts play a role in cost offsetting, with silver produced at Hidden Valley in PNG contributing 3% and uranium mined at Moab Khotsong in South Africa 1%.Silver production rose by 39% to a record 3.7-million ounces, generating revenue of R1.7-billion and uranium production increased by 13% to 590 000 lb, generating revenue of close to R900-million.Interestingly, Harmony mineral reserves of 130-million […]

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