Harmony Gold reports mine fatality

Indicated resources increased to 11.3 million tonnes from 6.9 Mt.

Africa's biggest steel producer was rocked by a two-week wage strike in May 2022.

One hole cut 1 metres at 204 g/t from 59 metres depth, along with 2 metres of 1.46 g/t.

The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024 to $12.5 billion from $12.9 billion last year, with juniors bearing the brunt of the cuts.