Business UpdateJun 30, 2026, 08:37 AM
Harmony Gold Meets FY26 Gold Production Guidance for 11th Consecutive Year
AI Summary
Harmony Gold Mining Company Limited provided a pre-year-end update for FY26, announcing it met its annual gold production guidance for the 11th consecutive year, with expected production between 1.4 million and 1.5 million ounces. The company also reported strong performance from its CSA copper mine, which is expected to deliver towards the upper end of its guidance, and progress on the Eva Copper project. Harmony highlighted robust cash generation, enabling a record R4.4 billion return to shareholders through dividends, and an upgrade to its MSCI ESG rating to 'A'.
Key Highlights
- Met annual gold production guidance for 11th consecutive year, targeting 1.4M-1.5M ounces.
- Underground recovered gold grades approximately 5.80g/t.
- CSA copper mine expected to deliver 17,500-18,500 tonnes, towards upper end of guidance.
- CSA copper mine aims to grow to 40,000 tonnes per annum with capital ventilation project.
- Returned a record R4.4 billion to shareholders through dividends over the past 12 months.
- MSCI ESG rating upgraded to 'A'.
Price Impact
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