Impairment, silicosis claims provision lowers Harmony’s FY earnings a share

A R1.7-billion impairment recorded following the annual life-of-mine planning process and the provision of R917-million for a possible silicosis class action settlement will result in Harmony Gold’s earnings a share for the 2017 financial year being lower than that of the previous year. Earnings a share are expected to decrease by between 50% and 70% to between 65c and 109c for the year ended June 30, compared with the 218c reported for the 2016 financial year.