Harmony Gold prices $500m bond as growth capex ramps up
HARMONY Gold today announced terms of a $500m convertible bond amid a major increase in capital expenditure during its 2027 financial year. The gold miner has targeted…
Harmony studying plans to expand surface gold output
HARMONY Gold is weighing up plans to expand its surface remining activities which includes development of tailings facilities accessing 5.7 million ounces in gold resources in…
Harmony gives green light to $1.55bn Eva copper project
HARMONY Gold has given the green light to its Eva copper project in Australia saying on Monday the project would cost $1.55bn over a three year construction period to build,…
Harmony Gold to review capital structure as cash vaults R6bn
HARMONY Gold said it was reviewing its capital structure in a way that would match “its funding profile to its cash flow generation”. Commenting in a production update for the…
Is it realistic to expect more from gold shares?
THE VanEck Gold Miners Equity ETF has outstripped the spot price of gold this year — yet analysts think shares can still do better. Valuations do not appear “overly lofty”,…
South Deep ‘belongs’ in Harmony, says gold miner
GIVEN all that he has on his plate, it is perhaps surprising that Harmony Gold CEO Beyers Nel is still looking around for further merger and acquisition (M&A) opportunities. Nel…
Harmony Gold’s incredible ascent to JSE rock-star
OF all the recent developments in the South African mining industry, the transformation of Harmony Gold from JSE ‘dog’ to ‘rock star’ in 18 months has to be the most dramatic.…
Soaring tax takes edge off Harmony earnings
HARMONY Gold expects that its earnings for the year to end-June will be between 57% and 77% higher at between R21,80 and R24,5 a share compared with the R13,86 a share reported…
Harmony hoping to export its operational nous to Australia
NOW we know what Harmony Gold intends doing with all that cash it’s built up since the gold price went into overdrive early in 2024. On May 27 it unveiled an agreement to buy New…
Harmony third quarter gold output knocked 10% by flooding
HARMONY Gold said on Monday rainfall and safety-related stoppages in the third quarter resulted in 6% lower production year-to-date. With three months to go before the conclusion…
Time for Harmony Gold to loosen the purse strings?
HARMONY Gold’s former CEO Peter Steenkamp will go down in the company’s history as one of its most important change agents. It was under his watch the company bought the…
Harmony declares record dividend as net cash mounts
PROPELLED by record-breaking gold prices Harmony Gold on Tuesday declared a record-breaking interim dividend. Coming in at R1.4bn, the payout was as Harmony’s net cash leapt…
Harmony Gold on track to beat production forecast for 2025
HARMONY Gold said on Monday it was on course to produce more gold than forecast for its 2025 financial year ended June 30. For the six months to December production would come in…
Harmony Gold anoints Beyers Nel as CEO, with a twist
HARMONY Gold on Thursday said Beyers Nel would take over as CEO from 2025 continuing the group’s tradition of promoting its chief operating officers to the top job. Nel takes…
Harmony increases proposed Eva Copper output 20%
HARMONY Gold may produce more metal from Eva Copper than first proposed as it nears the conclusion of a feasibility study into the Australian project. Commenting in its first…
MWS expansion is a turning point in the future of Harmony says CEO Peter Steenkamp
The bucks are rolling into Harmony’s Mine Waste Solutions (MWS) dump retreatment operation near Klerksdorp which – according to CEO Peter Steenkamp – stands as a key example of…
Cash flush Harmony never better placed to grow offshore
EXECUTIVES at Harmony Gold struggled to recall the last time the company had net cash. “Not in my lifetime,” CEO Peter Steenkamp said in an interview earlier this month.…
Harmony says Free State surface gold could be mined for 100 years
HARMONY Gold will complete studies into a tailings project in South Africa’s Free State province this year that could ensure gold production from the region for a century. Peter…
Harmony posts record free cash flow, but sticks to dividend policy
HARMONY Gold generated record operating free cash flow of R12.74bn for its 2024 financial year ended June but it opted against a special dividend for shareholders ahead of major…
Harmony Gold to write down Target North by R2.79bn
HARMONY Gold plans to write-down its Target North gold resource in the Free State province for R2.79bn – a development that takes the gloss off a stellar production and financial…