Articles for tag: dividend, extend, Gold, Harmony, interim, life, Mponeng, pay, record

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

January 22, 2024

Ron Finklestien

mining

Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service

Expanding the Collaborative Horizon Glenn Heard, the mining executive at Barrick, heralded the ongoing cooperation with Sandvik Mining and Rock Solutions as an instrumental source of value-adding technologies for Barrick’s global mining operations. “This mutually beneficial cooperation will help ensure we continue our growth journeys in the areas of automation, digitalization and electrification in order to drive improvements across our sites,” asserted Heard. The extended framework agreement encompasses Barrick’s rollout of Sandvik’s remote monitoring service (RMS) to its entire global underground fleet of more than 200 connected Sandvik trucks, loaders, and drills. RMS has garnered praise by reducing maintenance costs