JOHANNESBURG/LONDON (Reuters) - South Africa's Harmony Gold (HARJ.J: Quote, Profile, Research, Stock Buzz) expects flat production and costs during the current fourth quarter to end-June, its CEO said on Tuesday.
"We would expect very similar numbers (compared to the previous quarter)," Chief Executive Bernard Swanepoel told the Reuters Global Mining and Steel Summit in London via telephone from Cape Town.
"We wouldn't expect our costs to be problematic," he said, adding they might be up or down 1-2 percent compared to the previous quarter.
Production in the quarter to end March fell 4 percent to 579,000 oz and cash costs dropped 1 pct to 103,608 rand/kg or
$445.
South African gold mining companies and investors traditionally compare results quarter-on-quarter rather than year-on-year.
Harmony Gold Mining Company Ltd, the world's fifth-biggest gold producer, is the least internationally diversified of major South African gold miners with 90 percent of output from its home base.
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