Shares in Harmony Gold Mining (HARJ.J: Quote) rose by over 5 percent in early trade on Thursday with dealers attributing the rise to an investment rating upgrade.
On Wednesday Royal Bank of Canada (RBC) (RY.TO: Quote) had raised its rating on the stock to ‘outperform’ from ‘sector perform’.
The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.
