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Harmony back in the black, eyes acquisitions

Gold miner Harmony Gold has bounced back into the black and is now eyeing acquisitions to reach its target of becoming a 1.5-million-ounce-a-year gold producer, at below $950/oz, within three years. Declaring its first dividend in four years, CEO Peter Steenkamp reported a net profit of R949-million for the 12 months to June 30, a significant swing from the R4.5-billion net loss reported in the prior year.