Harmony Gold Mining Co Ltd

Latest Results (03.04.2026):

Harmony Gold Mining Co Ltd — second quarter of the 2026 financial year (Q2 FY2026) / six months ended 31 December 2025 (H1 FY26) — expects a solid H1FY26 financial performance driven by elevated gold prices and strong free-cash-flow generation, despite operational setbacks in Q2. The company reports temporary production and recovered-grade headwinds but reiterates full-year production and cost guidance and notes ongoing integration of the recently acquired CSA copper mine; full interim results will be published on 11 March 2026.

Key operational impacts in Q2 FY2026

Q2 was affected by a mill motor failure and a deferred final gold shipment at Hidden Valley, while recovered grades were reduced by lower metallurgical recoveries and an industry-wide cyanide shortage in South Africa — issues the company describes as temporary and being addressed.

Production and cost guidance

Harmony reiterates full-year production guidance of 1,400,000–1,500,000 oz and an all-in-sustaining cost (AISC) range of R1,150,000/kg to R1,220,000/kg, with an expected underground recovered grade above 5.8 g/t.

Financial position and cash flow

The company says fundamentals remain robust, underpinned by improved safety, a healthy balance sheet and sustained margin improvement, with continued strong free-cash-flow generation supporting the expected solid H1FY26 performance.

CSA acquisition and integration

Integration of the high‑grade CSA copper mine (New South Wales, Australia) is progressing well; specific guidance for the CSA operation will be provided with the interim results to ensure the mine is fully integrated into H1FY26 reporting.

Eva Copper Project update

The EPC contractor for the Eva Copper Project has been appointed and is expected to mobilise during the March 2026 quarter, advancing Harmony’s copper development pipeline.

Balance sheet review and capital structure

Harmony is advancing a review of the balance sheet to optimise capital structure and financial flexibility to fund long‑term growth projects while aiming to preserve consistent shareholder returns.

Reporting timetable and audit note

Comprehensive interim operating and financial results for the six months ended 31 December 2025 will be released on 11 March 2026 (07:05 SAST) with a presentation at 10:00 SAST; the guidance release has not been reviewed or reported on by the company’s external auditors. Summarized from source with an LLMView Source