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Harmony Gold Expects Higher Earnings

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Harmony Gold said a "reasonable degree of certainty exists" that its full year earnings in 2019 will be better than the prior year.

The South African gold miner highlighted made the announcement today and listed currency, increased production and lower impairment charges as some of the causes.

Harmony Gold expects a earning per share loss to be between 32 and 39 US cents per share, which is approximately between 46% and 56% higher than the loss of 72 US cents per share reported for the previous comparable period.

The announcement precedes the company's financial release since Harmony Gold noted that "...a company listed on the JSE is required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period."

Harmony Gold will publish its 30 June 2019 year end five days from now.

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