JOHANNESBURG (miningweekly.com) – 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.
Headline earnings a share are, however, expected to increase by between 25% and 45% year-on-year to between 276c and 320c, compared with the 221c reported for the 2016 financial year.
Harmony will publish its results on August 17.
Edited by: Creamer Media Reporter
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