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Confident, cash-pumping Harmony stands by 1.1Moz production forecast

A confident, cash-pumping Harmony Gold on Thursday told the market that its 1.1-million-ounce production forecast for the financial year to June 30 still stood.

The JSE- and NYSE-listed gold mining company outlined in a release to Creamer Media’s Mining Weekly Online that production in the March 2016 quarter was 6% higher than in the comparative quarter, on a higher-than-forecast 5 g/t grade and stronger cash flows.