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Harmony Gold Mining's Kalgold mine broken into; shares fall

Thieves broke into the heavily guarded gold storage units at the mine in northwest South Africa

Picture of a miner with a piece of gold
The stolen gold is valued at roughly US$518,000

Harmony Gold Mining Co.’s (NYSE:HMY) Kalgold mine was reportedly the scene of a robbery this week as thieves took as much as 12 kilograms (386 ounces) of gold.

On Tuesday, the thieves broke into the gold storage units at the mine, which is located in northwest South Africa, according to published reports. 

Brazen attack

“The gold was stored at the mine under heavy security," spokeswoman Lauren Forie told Bloomberg News. “It was a brazen attack, luckily nobody was hurt.”

The stolen gold is valued at roughly US$518,000 at recent pricing levels.

Shares in Harmony Gold shed 6.9% in morning trade to US$2.15.

Quick facts: Harmony Gold

Price: 4.21 USD

Market: NYSE
Market Cap: $2.51 billion

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