AfricaBullion rally helps S.Africa s Harmony Gold boost Q3 earnings
Reuters
2 minute read
South African miner Harmony Gold (HARJ.J) on Tuesday reported a jump in third-quarter core profit, boosted by higher output and a strong gold price, positioning the miner to pursue growth.
Firmer bullion prices have helped miners profits soar despite the COVID-19 pandemic, with the company receiving a 16% higher average gold price during the quarter of $1,708 per ounce.
The Johannesburg-listed miner said it was well positioned for its growth strategy with the higher gold price strengthening its balance sheet and boosting cash with operating free cash flow for the nine months ended March 2021 up 78% to 5.297 billion rand ($377 million).
Big jump in earnings margin generates strong cash for Harmony Gold
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JOHANNESBURG (miningweekly.com) – Gold mining company Harmony Gold has delivered another strong set of operational results year-on-year on the back of the integration of AngloGold Ashanti assets into its portfolio and a stronger rand per kilogram gold price.
4 of $5.0 million, or $0.03 per basic share
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Sandeep Singh, President and CEO of Osisko commented on the activities of the first quarter of 2021: The first quarter saw our royalty and streaming business continue to generate record cash margins and strong operating cash flows. This bodes well as our operating assets continue to perform, ramp up and expand over the coming quarters. We were also able to, relatively cheaply, acquire medium and longer-term royalty exposure to some highly promising exploration and development properties while maintaining a disciplined approach to growth.
In Q1, we also progressed our ambition to be a leader in the Environmental, Social and Governance ( ESG ) space with the publication of our inaugural ESG report and by entering into an investment and strategic partnership with Carbon Streaming Corp. The partnership leverages our streaming expertise to fund capital projects that reduce greenhouse gas emissions.
Legend, lore and local memories hover over this old house. The structure is one of the oldest permanent dwellings in Comal County. Old it is, and certainly old to be so far out of New Braunfels. The current address for the place is 7600 FM 2722. Back in the day, it was about 13 miles north out on Bear Creek Road on the way to the Sattler. The Sattler community then included Mountain Valley, Walhalla, Hidden Valley and Marienthal.Â
Exactly when it was built is a mystery. Gottfried Preusser came to Texas in Sept 1845 with his wife, Louise Busch, and five children. His eldest, Johann Georg, was old enough to get his own land grant from the German Emigration Company. Did Gottfried build the house? History tells us his next child, Johann Phillip, got married in 1855. One account has Phillip (we will call him that because I get confused since all the sons have Johann as their first name) living in a log cabin and building the house in 1858. Another version states Phillip and wife Kathe
Katy Perry s guesthouse is pricier than most people s dream house. After listing the home for NZ$10.9 million last year, the pop star just sold it for NZ$10.25 million – a profit of NZ$34,000, compared to what she paid for the Beverly Hills Post Office property in 2018. The singer of
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