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Harmony expects turnaround in FY earnings

A 21% increase in the average rand gold price has pushed Harmony Gold’s earnings back into positive territory in the 2016 financial year. The gold miner expects to report headline earnings per share (HEPS) of between 202c and 240c for the year ended June 30, a 207% to 227% increase on the headline loss a share of 189c reported in the prior financial year.