Articles for tag: buffed, dividend, Group, margins, mining, raises, sector, Weir

February 29, 2024

Ron Finklestien

mining

Weir Group Boosts Margins in Mining Sector, Elevates Dividend

Strong Momentum from Transformation Program The Weir Group, based in Glasgow, is reveling in the substantial impact of its Performance Excellence transformation program. This initiative not only achieved cost savings of £6 million but also unearthed fresh opportunities leading to a twofold increase in the company’s cost-saving target to £60 million by 2026. CEO Jon Stanton’s Optimism Jon Stanton, the CEO of Weir, expressed his satisfaction with the company’s performance, stating, “Weir is delivering on the compelling value creation opportunity we set out as a focused mining technology company.” He highlighted the unique capabilities enabling the company to take advantage

February 28, 2024

Ron Finklestien

mining

A Record Breaker: Harmony Gold Shines with Interim Dividend & Extended Mponeng Mine

Production Boost & Profit Surge Harmony Gold unveiled its financial and operational performance for the first half of 2023 on Wednesday. The mining giant witnessed a remarkable 14% surge in total gold production, reaching 832,349 ounces, up from 733,325 ounces in the same period a year earlier. This upsurge was fueled by a remarkable 30% increase in output from the Mponeng mine. Record Dividend Declaration Harmony Gold’s profit tripled to a staggering 5.96 billion rand in the latter half of 2023 compared to the previous year. Riding on this success, the company has declared a record interim dividend. Shareholders are