Harmony Gold Secures Approval for MAC Copper Acquisition

Harmony Gold Mining ( (HMY) ) has issued an update.

On August 19, 2025, Harmony Gold Mining Company Limited announced that its subsidiary, Harmony Gold (Australia) Pty Ltd, received approval from the Australian Foreign Investment Review Board for the acquisition of MAC Copper Limited. This acquisition includes the high-grade CSA Copper Mine in New South Wales, Australia, which produced approximately 41kt of copper in 2024. The approval marks a significant milestone in Harmony’s strategy to transform into a global gold and copper producer, promising substantial value for shareholders and stakeholders. The transaction is still subject to certain conditions, including shareholder approvals and court sanctioning, with the final decision expected after meetings on August 29, 2025.

The most recent analyst rating on (HMY) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Harmony Gold Mining stock, see the HMY Stock Forecast page.

Spark’s Take on HMY Stock

According to Spark, TipRanks’ AI Analyst, HMY is a Outperform.

Harmony Gold Mining’s stock is supported by a robust financial performance and positive earnings call results, with strong production and cash flow metrics. While technical analysis indicates potential resistance, the stock’s valuation is reasonable, contributing to a solid overall score.

To see Spark’s full report on HMY stock, click here.

More about Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African-based company engaged in the mining industry, primarily focusing on gold and copper production. The company is expanding its global presence through strategic acquisitions, enhancing its portfolio and market positioning.

Average Trading Volume: 4,035,948

Technical Sentiment Signal: Buy

Current Market Cap: $9.63B

Find detailed analytics on HMY stock on TipRanks’ Stock Analysis page.