Harmony Gold reports 65% plunge in H1 profits
Gold mining company Harmony Gold reported a 69 per cent drop in net profit for the six months ended December 2021. Peter Steenkamp, CEO at Harmony Gold joins CNBC Africa’s Godfrey Mutizwa to break down the numbers.
Mon, 28 Feb 2022 10:51:32 GMT
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AI Generated Summary
- Harmony Gold reported a significant decline in net profit for the six months ended December 2021
- CEO Peter Steenkamp discussed production challenges, labor costs, and gold prices during the interview
- The company emphasized financial prudence, strategic investments, and responsible mining practices
Gold mining company Harmony Gold recently reported a significant decline in net profit for the six months ended December 2021. The company's CEO, Peter Steenkamp, sat down with CNBC Africa's Godfrey Mutizwa to discuss the financial results and provide insights into the future outlook for the company. During the interview, Steenkamp addressed various issues, including production challenges, labor costs, gold prices, and the potential impact of cryptocurrencies on the industry. He also touched on the company's exploration efforts and the possibility of expansion into new markets. Harmony Gold's performance in South Africa and Papua New Guinea were key topics of discussion, as well as the company's approach to cost management and sustainable growth. Steenkamp emphasized the importance of financial prudence and strategic investments to support long-term success in the gold mining sector. The CEO also highlighted Harmony Gold's commitment to responsible mining practices and environmental stewardship. Overall, the interview provided valuable insights into the challenges and opportunities facing Harmony Gold in the current market environment.
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