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7

Harmony Sold Gold Fields Shares

South African gold producer Harmony Gold announced it has sold...

South African gold producer Harmony Gold announced on Friday that it sold 30 million ADRs, or 6.1% of the shares out, in New York at $10.50 per share to realize $315 million.

Thus, the stock was offloaded at a discount of 5-6% to the weighted average price for the day.