#HAR #Harmony #TradingStatement Another incredible trading statement from Harmony, these guys are flaming....you wouldn't think they are operating in the same environment as the other SA corporates.. No excuses just results.
Harmony Gold Mining Company - Trading Update Summary (6 months ended December 31, 2023)
Key findings:
🔴Expected basic and headline earnings: Significantly higher than the same period last year, driven by increased gross profit, gold production, and average gold price.
🔴Contributing factors: Higher recovered grades, increased production of silver and uranium, higher commodity prices.
🔴Offsetting factors: Increased production costs (inflation, royalties), depreciation, exploration expenses, taxation.
🔴Earnings per share (EPS): Expected to be between 937 and 976 South African cents (over 100% increase), or 50-52 US cents (over 100% increase).
🔴Headline earnings per share (HEPS): Expected to be between 937 and 976 South African cents (over 100% increase), or 50-52 US cents (over 100% increase).
Financial results release: February 28, 2024.
Overall, Harmony Gold Mining Company expects a significant increase in earnings for the first half of 2024, driven by favorable gold prices and operational improvements.