Harmony Announces Platinum, Gold Production Drop, Shares Follow

IBTimes reported Harmony Gold’s (NYSE:HMY) shares fell on Friday following the announcement gold and platinum production is down for the quarter.

As quoted in the market news:

Harmony’s announcement that output would be 18 percent lower compared to the previous quarter came a day after official data showed gold output in South Africa had fallen 11.5 percent in volume terms in February on an annual basis.

Platinum output in the same period fell almost 50 percent.

Click here to read the full IBTimes report.