Harmony Gold Posts Profit Surge and Raises Dividend
Harmony Gold reported an 87 percent rise in annual profit driven by higher gold prices. The strong financial performance enabled the miner to pay a record dividend to shareholders.
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HARMONY GOLD MINING CO LTD posted an 87% surge in annual profit on Thursday, allowing South Africa's biggest miner to pay a record dividend of 7.50 rand per share. Headline earnings reached 43.63 rand ($2.73) per share in the year ended June 30, up from 23.37 rand previously. The record payout reflects strong commodity prices that offset lower operational output across core mines.