GOLD – 1
The rapid integration of the Moab Khotsong gold mine into the Harmony Gold group has boosted the company’s overall underground gold grade, lifted production, driven down all-in sustaining unit costs and doubled free cash flow. Harmony acquired the deep-level Moab Khotsong mine from AngloGold Ashanti for $300-million on March 1, with the acquisition including the Great Noligwa mine, which presents a opportunity for Harmony to mine shaft pillars, and the Zaaiplaats resource.
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