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Harmony Gold Reports Strong First-Half Performance Amid Higher Grades

Story Highlights
  • Harmony Gold Mining achieved a strong operational performance in H1FY25 with notable production levels.
  • The company improved its financial position with increased net cash and positive cash flows from most operations.
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Harmony Gold Reports Strong First-Half Performance Amid Higher Grades

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Harmony Gold Mining ( (HMY) ) has shared an announcement.

Harmony Gold Mining Company Limited reported a strong operational performance for the first half of the 2025 financial year, with gold production reaching between 790,000 and 805,000 ounces. The company remains on track to meet its full-year production guidance, with all-in sustaining costs expected to remain below the projected range. The improved underground recovered grades, especially from Mponeng, contributed significantly to this performance. Harmony’s balance sheet has strengthened, with a notable increase in net cash, and all underground operations, except Target 1, generated positive cash flows. The company is well-positioned to fund its capital projects, reflecting its robust financial health and strategic execution.

More about Harmony Gold Mining

Harmony Gold Mining Company Limited is a prominent player in the gold mining industry, primarily focusing on gold extraction and production. The company operates in South Africa and Papua New Guinea, emphasizing underground mining operations and surface-source operations.

YTD Price Performance: 32.90%

Average Trading Volume: 5,854,843

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.1B

For detailed information about HMY stock, go to TipRanks’ Stock Analysis page.

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