Harmony Gold CEO’s Payment Decreases as Stock Fell 53%

(Bloomberg) – Harmony Gold Mining Co. paid Chief officer Graham Briggs 20% less within the last year once the shares had their biggest 12-month decline.

Briggs, 60, earned 11.2 million rand ($1.14 million) within the year through Gregorian calendar month, compared with fourteen million rand the previous year, in line with the company’s annual report printed nowadays. The stock dropped 53% within the amount.

Harmony, Africa’s third-largest gold producer, halted its dividend in August once its quarterly loss virtually quadrupled following strikes and write-downs. Bullion costs have dropped 20% this year because the U.S. signaled bond purchases might slow amid AN up economy, lowering demand for the haven plus.

Briggs’s compensation excluding share-based semipermanent incentives augmented 27% to 9.24 million rand within the year through Gregorian calendar month, in line with the annual report.