(EMAILWIRE.COM, May 30, 2011 ) New York, NY -- Harmony Gold Mining Co. (ADR) (NYSE:HMY) hit at high of $13.80 and a low of $13.30 on Friday and closed at $13.79 with an increase of 6.32%. Its Market cap remained at 5.93 billions with a price Earnings ratio if 63.09. During the 52-week period it has ranged from a low of $9.43 to a high of $15.73.

To Receive Free Stock Alerts, including Penny Stocks, Pharmaceutical and Biotech Stocks, Oil, and Gold Stocks - visit http://www.EpicStockPicks.com

The medical condition known as silicosis is the scarring of the lungs caused by extended exposure to the dust found in South African mines. Silicosis could be a potential problem for some gold miners. These mines are now run by companies such as Harmony Gold Mining (NYSE:HMY), Gold Fields Ltd.(NYSE:GFI), and AngloGold Ashanti Ltd. (NYSE:AU). These miners are currently facing threats of coming lawsuits. HMY declined the most on the day, closing 3.57% lower.

Although currently the total number of claims and size of judgements are nearly impossible to project, RBC Capital Markets claims the liability of these mining companies could amount to as high as $100 billion. This Projection has been derived by RBC based on assumption that there are 300k claimants, each suing for at least 2 million rand. According to the Constitutional Court, those workers who were qualified for state benefits for occupational related disease, can also claim additional compensation from their former mining employers.

Harmony Gold Mining Company Limited (Harmony) is engaged in underground and surface gold mining and related activities, including exploration, processing and smelting.

ABOUT EpicStockPicks.com
Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.

DISCLAIMER

EpicStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from Epic Stock Picks' website or emails.
http://www.EpicStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. EpicStockPicks.com s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. EpicStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. EpicStockPicks.com viewers should always make their own financial decisions.

epicstockpicks
Editor
732-229-0668
epicstockpicks@gmail.com


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/press_release_distribution_lists.php.


Source: EmailWire.Com