Harmony Gold Mining Projects Strong H1FY26 Performance Amid Gold Price Increase
Harmony Gold Mining Company Limited is poised for a robust financial performance in H1FY26, bolstered by rising gold prices and strong free cash flow, despite facing operational setbacks. The company remains on track to meet its full-year production target of 1.4 to 1.5 million ounces at an all-in-sustaining cost of R1,150,000 to R1,220,000 per kilogram. Additionally, progress continues on the CSA copper mine integration and the Eva Copper Project, with key developments expected in early 2026.
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Harmony Gold Mining Company Limited anticipates a strong financial performance for H1FY26, driven by high gold prices and significant free cash flow. Despite operational challenges, including a mill motor failure and a delay in a gold shipment, the company expects to achieve its full-year production guidance of 1,400,000 to 1,500,000 ounces at an all-in-sustaining cost of R1,150,000 to R1,220,000 per kilogram.
The CSA copper mine integration is progressing, with an EPC contractor appointed for the Eva Copper Project, set to mobilize in March 2026. Harmony will present its interim financial results on 11 March 2026, and its executives will participate in the Investing in African Mining Indaba from 9 to 12 February 2026.
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