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Harmony Gold Mining
(NYSE:HMY)
Harmony Gold Mining (HMY) vs. SPDR S&P 500 ETF (SPY)
Harmony Gold Mining Business Overview & Revenue Model
Harmony Gold Mining Earnings Call Summary
Harmony Gold Mining Financial Statement Overview
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Harmony Gold Mining Technical Analysis
Harmony Gold Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
79 Outperform | $2.59B | 21.25 | 28.10% | 1.17% | 30.05% | 73.40% | |
78 Outperform | $18.76B | 30.47 | 14.90% | 0.81% | 28.11% | 66.85% | |
77 Outperform | $12.95B | 16.23 | 32.05% | 0.92% | 29.08% | 72.12% | |
74 Outperform | $13.01B | 63.93 | 8.88% | 0.08% | 45.61% | ― | |
69 Neutral | $10.85B | 25.22 | 19.57% | ― | 72.94% | ― | |
58 Neutral | $9.78B | -50.95 | -8.31% | ― | 6.27% | 93.14% |
Harmony Gold Mining Corporate Events
On November 26, 2025, Harmony Gold Mining Company Limited held its electronic annual general meeting, where all proposed ordinary and special resolutions were approved by the requisite majority of shareholders. This included the election and re-election of directors and committee members, as well as the re-appointment of external auditors. The approval of these resolutions reflects shareholder confidence in the company’s governance and strategic direction, potentially strengthening its position in the industry.
On November 24, 2025, Harmony Gold Mining Company Limited announced the approval of the Final Investment Decision for the Eva Copper Project in Queensland, Australia. The project is expected to produce approximately 65,000 tonnes of copper annually in its initial years and is projected to have a 15-year mine life. The development is strategically important for Harmony as it diversifies its portfolio with copper, complementing its gold production and enhancing cash flow resilience. The project is anticipated to contribute significantly to Queensland’s economy and provide substantial employment opportunities. With a robust technical and financial foundation, the project is set to commence production in the second half of 2028, aligning with a predicted copper supply gap.
Harmony Gold Mining Company Limited reported a strong operational performance for the quarter ending September 30, 2025, with significant improvements in safety, operational excellence, and financial metrics. The company achieved a loss-of-life-free quarter, improved its lost-time injury frequency rate, and saw a 20% increase in gold revenue due to a higher gold price. Notably, Harmony completed the acquisition of MAC Copper, marking a strategic move to expand its copper portfolio, which is essential for the global energy transition. The acquisition supports Harmony’s strategy to grow as a global gold and copper producer, reinforcing its role in the renewable energy sector and positioning it for long-term demand. The company’s balance sheet remains robust, with increased cash flow and liquidity, enabling continued investment in growth projects and operational resilience.
On November 3, 2025, Harmony Gold Mining Company Limited announced the filing of its annual report on Form 20-F for the fiscal year ending June 30, 2025, with the United States Securities and Exchange Commission. This filing, which was completed on October 31, 2025, is a significant step in maintaining transparency and compliance with international financial reporting standards, potentially impacting the company’s operations and stakeholder confidence.
On October 27, 2025, Harmony Gold Mining Company Limited reported a tragic incident at its Mponeng mine, resulting in the loss of life of an electrician during routine maintenance on October 26, 2025. The company expressed condolences to the bereaved family and initiated a full investigation in collaboration with the Department of Mineral and Petroleum Resources. Harmony reiterated its commitment to safety and proactive measures to ensure a culture of care across its operations.
Harmony Gold Mining Company Limited announced the release of its annual reporting suite for the financial year ending June 30, 2025, on October 24, 2025. The reports highlight a year of consistent delivery, with Harmony meeting production guidance for the tenth consecutive year and achieving record free cash flows. The company is celebrating its 75th anniversary and is focused on expanding into copper to diversify its operations. Additionally, Harmony is committed to transformation in South Africa, as evidenced by its Broad-Based Black Economic Empowerment report. The company also announced proposed changes to its board committees, including the appointment of Ms. Zanele Matlala as Chairperson of the Social and Ethics Committee, subject to shareholder approval at the upcoming AGM.
On October 24, 2025, Harmony Gold Mining Company Limited announced the completion of its acquisition of MAC Copper Limited, securing full ownership of the high-grade CSA copper mine in New South Wales, Australia. This strategic acquisition, valued at approximately US$1.01 billion, was funded through cash reserves and a bridge facility, and is expected to enhance Harmony’s position as a global gold and copper producer. The integration of the CSA mine is set to begin immediately, aiming to align its operations with Harmony’s frameworks to boost efficiency and contribute to long-term growth. This move marks a significant step in Harmony’s strategy to expand its copper production capabilities, reinforcing its commitment to sustainable value creation.
On October 10, 2025, Harmony Gold Mining Company Limited announced that the Royal Court of Jersey has sanctioned its acquisition of MAC Copper Limited through a scheme of arrangement. This legal approval allows Harmony to proceed with the acquisition, with the implementation expected on October 24, 2025, granting Harmony ownership and operational control of the CSA Copper Mine. This strategic move is anticipated to enhance Harmony’s market position by diversifying its mining portfolio to include copper, potentially impacting stakeholders positively by expanding the company’s operational footprint.
On October 3, 2025, Harmony Gold Mining Company Limited announced the awarding of deferred shares to its executive directors and prescribed officers as part of the 2018 Harmony Deferred Share Plan. The shares, awarded on September 18, 2025, are set to vest in five equal tranches over a five-year period. This move is in compliance with the JSE Listings Requirements and reflects the company’s commitment to aligning the interests of its executives with those of its shareholders, potentially impacting the company’s operational focus and stakeholder confidence.
On September 25, 2025, Harmony Gold Mining Company Limited announced the vesting and settlement of deferred share awards for its directors and prescribed officers under the Harmony Deferred Share Plan 2018. The transactions, which took place on September 18 and 22, 2025, involved the sale of vested ordinary shares by key executives, including the Group CEO, Financial Director, and other senior officers. These transactions reflect the company’s ongoing efforts to align executive compensation with shareholder interests and market performance.