Harmony reports flat production but improved cash flow from higher grades

JSE- and NYSE-listed Harmony Gold has reported relatively flat year-on-year gold production but announced significant improvements in operational cash flow owing to enhanced recovery grades. In its quarterly update for the three months to September 30, Harmony recorded a minor decrease of 1% in total gold production to 422 172 oz, compared with 425 130 oz in the comparable quarter of the prior year.