Harmony mulls digging even farther at world’s deepest gold mine

Bloomberg/Felix Njini

Repost from 2-25-2021

photograph of gold pour“The nation’s top producer is studying mining beyond the current depth of about 4 kilometers (2.5 miles) at Mponeng to potentially extend the mine’s life by 20 to 30 years, Chief Executive Officer Peter Steenkamp said. Ore reserves below that level are ‘massive’ and Harmony is exploring ways and the investment needed to tap them, he said.”

USAGOLD note:  We post this not as an endorsement of the stock but as a matter of interest. The use of the word “massive” with respect to the ore body directly below admittedly caught our attention.

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