Harmony

Harmony’s FY HEPS were up 132% to 1852c, below the Bloomberg consensus of 1906c | Revenue +25% to 61.4bn | Gold production +6% | Silver +39% | Record free cash flow of R12.7 bn, with Operating free cash flow margins increasing to 22% from 13%, thx to higher recovered gold grades and stronger gold prices | Ave. gold price received +16% to $1,999/oz | AISC +1% to $1,500/oz | Capex +10% to 8.3bn | Divi +25% to 94c
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