StockLogistics
3年前
Debt talk in U.S. pushing prices higher, looking for a double of this SP by end of month, Pelosi date provided Oct 31, shakey US leadership makes gold a good hold until debt ceiling is resolved and maybe after infrastructures vote if passed due to inflation, perfect storm? all imo
“The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus. What this means is that for every ounce of gold a mining company produced in 2020, it got to pocket $828 on average.Mar 30, 2021”
https://www.forbes.com/sites/greatspeculations/2021/03/30/gold-miners-recorded-record-high-margins-last-year/
bistouriman
3年前
For your information :
Thanks for reaching out and we pleased that you are happy with our FY21 performance. We are naturally seeing a drop in the gold sector share prices across the board. I believe the market is moving away from resources during this period, albeit commodities delivered the highest returns this time last year across all sectors. We still remain bullish nonetheless and believe that we run a profitable company at these prices. The ZAR did strengthen against the dollar and as a Rand producer and $ seller, this would not be ideal for us. We still have good hedges in place at prices well over R900 000/kg and forex above R16,00 to the US$ coming through in the FY22- FY23
The variance between FY21 and FY20 was a function of numerous items but predominantly the inclusion of Mponeng and related assets into our numbers.
It is also worth noting that FY20 costs were lower than anticipated due to the lockdowns and impact of the pandemic so we did see a normalisation of costs year on year.
Other items which increased were:
• Consumables (general stores and maintenance R305m ; Support Costs R133m, Chemicals and Explosives R83m)
• Contractors (contractors at Kalgold +R171m, maintenance +R57m)
• Electricity mainly due to annual tariff increases.
•
Our AISC for FY21 was R723 054/kg – marginally more than our cost guidance which was R700 000/kg to R720 000/kg. The two contributing factors to the higher AISC was Covid-19 and our Royalties which each added around 2% to our AISC. Excluding these items – we would have been below the lower end of guidance and we are confident that we will manage to keep our costs controlled.
We don’t expect Covid-19 costs to be as high as this included a number of one-offs such as the establishment of clinics and installation of temperature readers at all operations.
AISC for FY22 is planned at R765 000/kg to R800 000/kg – about 6% higher year on year to cater for inflationary increases and the increase in electricity costs in SA. Wage negotiations are currently underway and we expect an agreement in the first quarter of FY22.
In FY22 we are expecting production to increase to just under 50,000kg across all our operations. This translates to around 1,589,000 ounces.
This is an increase in production of between 3 and 4%.
Please reach out to us should you have any further questions
Kind regards
Moeketsi Max Manoeli
MY FIRST EMAIL WAS >>>>
Hi Max,
I come back to you abour your last results. To start, congratulations ! Very great results.
I'm suprise ... the stock decrease but the market is no good on this moment BUT i think the reason is really somewhere else. You explain in your last PR your AISC will be between 750 000 and 800 000 Rands. Therefore, the worst will be 800 000 rand or... on the change USD /Rand now, 1751 USD. Ma question is : why so expensive when we know your AISC decrease strongly last year on 1460 USD ??
Why 20% increase !???
Is it just a problem change Rand/USD ? Because if your AISC will be really 800 000 Rand, your profit next year, with a average price like last year, will be near 0 USD....
Do I make a mistake ?
Best regards,
bistouriman
3年前
Just sent this to Harmony Team >>
Dear Mister Manoeli, dear mister Coetzer,
I come back to you abour your last results. To start, congratulations ! Very great results.
I'm suprise ... the stock decrease but the market is no good on this moment BUT i think the reason is really somewhere else. You explain in your last PR your AISC will be between 750 000 and 800 000 Rands. Therefore, the worst will be 800 000 rand or... on the change USD /Rand now, 1751 USD. Ma question is : why so expensive when we know your AISC decrease strongly last year on 1460 USD ??
Why 20% increase !???
Is it just a problem change Rand/USD ? Because if your AISC will be really 800 000 Rand, your profit next year, with a average price like last year, will be near 0 USD....
Do I make a mistake ?
Best regards,
Briboy
5年前
Anyone read charts, at least the way I
have since the year of the Templar Knight,
I see share price consolidating like a big
dog. Gold price is turning back up again,
so I think this will now break higher after
a couple days of retreat. I had a 20+ gain
and held longer than I'd like, so I am here
as we speak.
Now to more important news: if we don't have
college football start on time, and a full season,
I'll lose it to the little sisters of the poor
cause can't take it no more.
Briboy
Briboy
5年前
HMY.....today was a good day. Perhaps should
have taken profits into the weekend, but held.
Looking at the chart, chart lines, upper and
lower trend lines...does anyone else using
a 3 month chart see some serious consolidation
going on?
Here's what the experts say about consolidation:
Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges.
Maybe I can't read charts very good, cause today was anything
but consolidation, but to me it looks like things have
come to a head, and it's either going to break up, or
tally downward for a while.
I'm not doing this to get others do buy or sell,
I'm not that savvy,
an just seeing what others might think?
So far up 4.6%. I'm taking it with me Monday, pending
more due diligence.
Briboy
Timetravelerdos
5年前
Gold managed to surprise traders once more this year with prices rallying alongside record-high equity markets this week. Analysts see the rally continuing with more gains during the first week of the New Year.
Gold moved north of $1,500 an ounce on Christmas Eve, with February Comex gold futures last trading at $1,516.10, up about 2.4% on the week.
This week’s performance has been the best since August. Overall, gold is up around 18% year-to-date.
https://www.kitco.com/news/2019-12-27/Gold-prices-look-ready-to-start-the-new-year-with-a-bang.html
whytestocks
5年前
News: $HMY Why Gold Stocks Are Soaring Today
The price of gold rallied about 1% today, closing at a nearly one-month high of $1,484 an ounce. That uptick sent most gold stocks soaring. Leading the way were Harmony Gold (NYSE: HMY) , Sibanye-Stillwater (NYSE: SBGL) , and Coeur Mining (NYSE: CDE) , which all rallied around 10...
In case you are interested HMY - Why Gold Stocks Are Soaring Today
Timetravelerdos
5年前
Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming.
“The amount of debt is growing tremendously, with the U.S. government’s growing by billions and billions of dollars a day. Corporations have to borrow more and more just to function. Interest rates are negative, so they’re being paid to borrow, so debt is growing really quickly. You’re probably pushing the upper limits of $300 trillion of debt at some point, so I don’t see that slowing down, and I think gold has to play catch up,” Tucker told Kitco News on the sidelines of the Denver Gold Forum.
https://www.kitco.com/news/2019-09-23/Gold-prices-could-jump-50-higher-and-it-will-come-out-of-nowhere.html
Timetravelerdos
5年前
Will Harmony Gold Continue to Surge Higher?
As of late, it has definitely been a great time to be an investor Harmony Gold Mining Co. Ltd. HMY. The stock has moved higher by 14.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider HMY’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as HMY has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.
https://finance.yahoo.com/news/harmony-gold-continue-surge-higher-111211571.html
TFMG
5年前
HMY - Still running With Strong Supports In Place
As of late, it has definitely been a great time to be an investor Harmony Gold Mining Company Limited HMY . The stock has moved higher by 82.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider HMY’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as HMY has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company (Source: https://finance.yahoo.com/news/harmony-g...)
Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company's segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3. The Surface segment comprises the Company's other surface operations. The Company's International segment comprises Hidden Valley Project. The Company has operations in South Africa and Papua New Guinea ( PNG ). The Company's principal product is the Gold bullion. The Company's exploration projects include Golpu project and Kili Teke prospect. The Company has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company's subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited.
SHORT INTEREST
6.8M 07/15/19
P/E Ratio (with extraordinary items)
-3.50
Analyst Recommendation: BUY