That leaves Harmony with 46.65 million ounces of reserves that would complies with SEC guidelines, which falls to just under 42 million ounces once metal lost in recovery is factored in.
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Harmony Gold Spikes A Rumour
SA Harmony Gold has finally released the results of its revised mineral resources
SA Harmony Gold has finally released the results of its revised mineral resources, because earlier its rival Gold Fields accused Harmony of overstating audited numbers by more than 20 million ounces.
The company reported its latest mineral reserves as 59.1 million ounces, down from 62.1 million ounces as per its Annual Report issued this past June, but still well above the audited figure of 39 million ounces of March.
Harmony reported grossed up reserves of 66.8 million ounces. That is reduced by 1.7 million ounces depleted in the course of normal operations, and a further 5.95 million ounces which is inferred material from planned projects. A further 12.5 million ounces of reserves are ?below infrastructure? meaning they cannot be brought to account without development.
That leaves Harmony with 46.65 million ounces of reserves that would complies with SEC guidelines, which falls to just under 42 million ounces once metal lost in recovery is factored in.
That leaves Harmony with 46.65 million ounces of reserves that would complies with SEC guidelines, which falls to just under 42 million ounces once metal lost in recovery is factored in.
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