Harmony Gold Reports Strong Operational Gains

Harmony Gold Mining Co. Ltd (HMY) has released an update.

Harmony Gold Mining Company Limited has reported a robust operational update, with improved production and lower all-in sustaining costs, driven by higher grades at key mines. The uplift in production and grades has led to an upward revision of their FY24 guidance, while the high rand gold price has significantly bolstered margins and free cash flow. The company’s strong performance has fortified their balance sheet, with a notable increase in net cash.

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