Harmony Gold doubles dividend on higher half-year profit
The South African miner reported a 13 percent rise in half-year earnings and a record dividend payout. Higher gold prices offset a 9 percent drop in production.
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Harmony Gold reported a 13% rise in half-year profits, bolstered by a significant rally in bullion prices that offset lower production volumes. The leading gold producer in South Africa saw its headline earnings per share reach 14.31 rand ($0.8827) for the six months ending December 31, up from 12.70 rand in the previous year. This performance allowed the miner to more than double its interim dividend to 5.30 rand per share, marking a record total distribution of 3.38 billion rand.
