Harmony Gold Expands Kareerand Facility, Boosts Cash Flow

Harmony Gold Mining (HMY) has released an update.

Harmony Gold Mining has successfully completed the first phase of the Kareerand tailings storage facility expansion, boosting Mine Waste Solutions’ capacity and extending its operational life by 15 years. With the completion of the Franco-Nevada streaming contract, the company will now benefit from higher gold market prices, increasing annual free cash flow by over R1 billion. This strategic expansion aligns with Harmony’s focus on enhancing its high-margin, low-cost surface retreatment operations.

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