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Last 1,160
Change Today +35.00 / 3.11%
Volume 2.1M
As of 12:30 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

harmony gold mining co ltd (HAR) Snapshot

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01/21/15 - $3,850
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08/27/15 - $1,081
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harmony gold mining co ltd (HAR) Details

Harmony Gold Mining Company Limited is engaged in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for silver, copper, and molybdenum. It has 10 underground operations located on the Witwatersrand Basin; 1 open-pit mine exploiting the Kraaipan Greenstone Belt; and various other surface operations in South Africa. The company also owns interests in the Hidden Valley open-pit gold and silver mine and the Wafi-Golpu project; and a 100% interest in exploration projects covering an area of approximately 7,867 square kilometers in Papua New Guinea. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.

Founded in 1950

harmony gold mining co ltd (HAR) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $980.0K
Chief Financial Officer, Financial Director a...
Total Annual Compensation: $614.0K
Executive Director of Government Relations an...
Total Annual Compensation: $431.0K
Compensation as of Fiscal Year 2014.

harmony gold mining co ltd (HAR) Key Developments

Harmony Gold Mining Company Limited Announces Exploration Results from Kili Teke Prospect

Harmony Gold Mining Company Limited announced that additional drilling results from its 100% owned exploration licence at its Kili Teke prospect in the Hela province in Papua New Guinea (PNG) continues to return porphyry style mineralisation with highly significant copper gold intercepts. Kili Teke's early exploration drill results including KTDD013 and KTDD007: 422m @ 0.55% Cu, 0.43 g/t Au (released on 11 March 2015), already compares favourably with deposit grades out lined for Frieda River (resources of 2.77Bt @ 0.47% Cu, 0.23 g/t Au*) and Ok Tedi (resources of 871Mt @ 0.44% Cu, 0.54 g/t Au*) in PNG. Drilling completed since the previous release, comprises of five boreholes for a total of 3 550.3 meters (KTDD009-KTDD013). The high-grade intercept in KTDD013 (186m @ 1.02% Cu, 0.72 g/t Au from 252m) correlates with intervals of intense quartz vein stockwork with disseminated and veinlet chalcopyrite and bornite, developed within potassic altered hornblende diorite. The occurrence of bornite (Cu5FeS4) as part of the copper sulphide assemblage is highly significant, indicating a potential vector to the higher temperature, higher-grade core of the system. This mineralisation in hole KTDD013, together with intercepts in hole KTDD007 (202m @ 0.74% Cu, 0.57 g/t Au) and KTDD012 outline a zone of higher grade mineralisation developing within the broader 0.2% copper shell, which remains open off the grid to the north.

Graham Briggs, Chief Executive Officer, to Retire as CEO and Member of the Board of Harmony Gold Mining Company Limited

The Board of Harmony Gold Mining Company Limited advised that Graham Briggs, Chief Executive Officer (CEO), has indicated his wish to retire as CEO and member of the board. He was appointed as CEO in 2008. Graham has agreed to remain in the role of CEO until a suitable candidate has been appointed and to ensure a smooth handover.

Harmony Gold Mining Company Limited Provides Operating Guidance for the Year Ended June 30, 2015

Harmony Gold Mining Company Limited provided operating guidance for the year ended June 30, 2015. For the year, the company provided gold production during the June 2015 quarterly is likely to be 4% to 5% higher quarter on quarter, while gold production for fiscal year 2015 ended June 30, 2015 is estimated to be at 1.08 million ounces.


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