{"id":16471,"date":"2012-11-07T08:38:25","date_gmt":"2012-11-07T06:38:25","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/update-1-harmony-gold-q1-earnings-rise\/"},"modified":"2012-11-07T08:38:25","modified_gmt":"2012-11-07T06:38:25","slug":"update-1-harmony-gold-q1-earnings-rise","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-harmony-gold-q1-earnings-rise\/","title":{"rendered":"UPDATE 1-Harmony Gold Q1 earnings rise"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Nov 7 (Reuters) &#8211; Harmony Gold, South<br \/>\nAfrica&#8217;s third largest bullion producer, reported a dramatic<br \/>\nturnaround in first-quarter earnings on Wednesday as it cashed<br \/>\nin on rand gold prices hovering at quarterly highs.<\/p>\n<p><span><\/span><\/p>\n<p>Headline earnings were 123 cents per share for the three<br \/>\nmonths from  July to September from a headline loss of 15 cents<br \/>\na share in the previous quarter, which beat the average estimate<br \/>\nof 107.7 cents in a Reuters poll of six analysts.<\/p>\n<p><span><\/span><\/p>\n<p>Headline earnings per share, the main measure of profit in<br \/>\nSouth Africa, excludes certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>The average gold price in the September quarter rose 3<br \/>\npercent to $1,652 per ounce. And weakness in the South African<br \/>\ncurrency meant in rand terms the average price during  the<br \/>\nJuly-September quarter was up 4 percent to 438,000 rand per<br \/>\nkilogram.<\/p>\n<p><span><\/span><\/p>\n<p>Production was 8 percent up at 321,924 ounces but output is<br \/>\nlikely to fall in the December quarter after it lost about<br \/>\n25,000 ounces of production due to an illegal strike at its<br \/>\nKusasalethu operations near Carletonville in October.<\/p>\n<p><span><\/span><\/p>\n<p>Despite getting more than 90 percent of its output from<br \/>\nSouth Africa, Harmony managed to escape relatively unscathed<br \/>\nfrom violent wildcat strikes that have crippled operations at<br \/>\nSouth African gold and platinum producers in recent months.<\/p>\n<p><span><\/span><\/p>\n<p>The strikes over wages and discontent with the industry&#8217;s<br \/>\nlargest trade union have led to the violent deaths of more than<br \/>\n50 people, 34 at the hands of police.<\/p>\n<p> (Reporting by Sherilee Lakmidas; Editing by Ed Stodddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details) JOHANNESBURG Nov 7 (Reuters) &#8211; Harmony Gold, South Africa&#8217;s third largest bullion producer, reported a dramatic turnaround in first-quarter earnings on Wednesday as it cashed in on rand gold prices hovering at quarterly highs. Headline earnings were 123 cents per share for the three months from July to September from a headline loss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16471"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16471\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}