We are dropping coverage of Harmony Gold HMY . We provide broad coverage of more than 1,700 companies across more than 140 industries, and adjust our coverage as necessary based on client demand and investor interest.
strategies. We believe Gold Fields' spin-off announcement could also prompt other major South African gold miners such as AngloGold Ashanti AU and Harmony Gold HMY to take a hard look at rationalizing their own respective South African mines.
Harmony Gold HMY reported second-quarter results for fiscal 2011 that might not seem promising at first glance, with stubbornly high cash production
larger firms include Agnico-Eagle Mines AEM, Buenaventura Mining BVN, Eldorado Gold EGO, Gold Fields GFI, Harmony Gold HMY , IAMGold IAG, Kinross Gold KGC, Lihir Gold LIHR, and Yamana Gold AUY. Smaller miners that may be potential takeover targets
miners whose reserves were valued at a discount to the industry average were DRDGold DROOY , Gold Fields GFI , Harmony Gold HMY , and Yamana Gold AUY . The reserves valuations for our remaining gold miners , AngloGold Ashanti AU , Barrick Gold ABX , Buenaventura
is less rosy for higher-cost gold miners such as DRDGold DROOY, Gammon Gold GRS, Golden Star Resources GSS, Harmony Gold HMY , and IAMGold IAG. These firms face substantial risk, since they could potentially slip deep into the red in an environment
Since early July, gold and shares of gold producers, including Harmony HMY , have been under significant selling pressure. Given a de facto buyers' strike, it is difficult to gauge the depth of this
We are placing Harmony Gold Mining HMY under review as we review the company's skyrocketing costs and assess the implications following the sudden departure of CEO Bernard Swanepoel. We anticipate lowering our fair value estimate.
Harmony Gold Mining Company HMY delivered better-than-expected results for its fiscal third quarter, posting a 15% quarter-over-quarter rise in operating
margins could have improved at Gold Fields. We anticipate that other South African gold producers, namely Harmony Gold Mining HMY , Anglogold Ashanti AU, and DRDGold DROOY, will derive more benefits from the depreciated rand than Gold Fields did. Overall