Dallas, Texas 04/21/2014 (FINANCIALSTRENDS) – Harmony Gold Mining Co. (ADR)(NYSE:HMY) for a explorative company in gold mining has been reporting mixed performance on the stock market. The South African miner despite the high value mines it holds not just in its native country but in some of the highest ranking mines in the world as well.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) however has been concentrating its operations on those sites as South Africa as well as Papua New Guinea PNG. At last count the company held over 11 mines, of which most are underground mines, along with one open-pit mine. It also reports surface operations which are typically conducted in the Witwatersrand Basin. It is also in the Kraaipan Greenstone Belt.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) at its PNG site has co-investors and owners. Newcrest Mining Limited in the Hidden Valley holds open-pit gold as well as silvers mine, besides a Wafi-Golpu project, which are of increasingly extensive exploration tenements.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) other than these mines, it also holds independent charge on such ranges of PNG as is possible for maximum production increase.
In the previous couple of quarters HMY has been hugely successful with the total operations it can provide. Heading this list is the total proved as well as probable reserves for 51.5 million ounces. These production increases were noticeably in the sources of South African mines.
HMY has been making waves, in recent weeks, for the discerning increase in production as well and some of the other precious metals as well.
Latest financials for HMY
Harmony Gold Mining Co. (ADR) (NYSE:HMY) holds a market capital of $1.34 billion and opened its previous session of trading at prices as low as $3.09. This is very close to its infra-day low trading price point of $3.07 and is much below the infra-day high of $3.14.