Harmony Gold, the world's fifth biggest gold producer, posted a 33 percent slide in second quarter profit on Friday, worse than analysts' expectations, as output dipped and costs rose.
South Africa's Harmony Gold Mining Company Ltd said headline EPS for the three months to end December fell to 44 South African cents from 66 cents the previous quarter.
Harmony was expected to post a 25 percent fall in EPS to 50 cents, according to an average estimate of 9 analysts polled by Reuters. Their estimates were in a range of 20-70 cents.
Harmony said production for the quarter fell 3.8 percent to 18,724 kg while cash costs increased by 6.8 percent to 104,132 rand per kg.
Read more at Reuters South Africa
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