Shares in South Africa’s top three gold miners, AngloGold (ANG), Gold Fields (GFI) and Harmony (HAR), were up early on Wednesday in line with the spot gold price which is trading above $380 a troy ounce for the first time since November 1996.
At 1010, spot gold was at $383,00/oz, up $1,12/oz from Tuesday’s New York
close after touching a six-and-half year high of $387,25/oz earlier on Wednesday.
AngloGold rose R6 to R306, Gold Fields climbed R3,39 to R109,40 while Harmony added R1,54 to R132,65.
AngloGold’s annual bullion production is just below six-million ounces at
5,939 million ounces, Gold Fields’ annual output is 4,11-million ounces and
Harmony produces 2,7-million ounces. – I-Net-Bridge