Quarterly UpdatesMay 18, 2026, 10:12 AM
Harmony Gold 9MFY26 Revenue +34%; Returns to Net Cash Position
AI Summary
Harmony Gold Mining Company Limited reported a strong third quarter, returning to a net cash position and remaining on track to achieve its full-year guidance for both gold and copper. Gold and copper revenue increased by 34% to $4,016 million for the nine months ended March 31, 2026, driven by a 39% increase in the average gold price received. The company also paid a record interim dividend of $204 million and saw its MSCI ESG rating upgraded to 'A' from 'BB'.
Key Highlights
- Gold and copper revenue increased 34% to $4,016 million for 9MFY26.
- Returned to a net cash position of $78 million from $335 million net debt.
- Operational free cash flow increased by 87% year-on-year.
- Q3FY26 gold production rose 5% to 349,511oz from prior quarter.
- 9MFY26 gold production decreased 3% to 1,073,610oz, in line with plan.
- CSA copper C1 cash costs were $2.58/lb, below guidance.
- Record interim dividend of $204 million (32 US cents/share) paid.
- On track to meet full-year production, grade, and cost guidance.
Price Impact
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