HARMONY GOLD MINING CO LTD SEC Filings

Harmony Gold Mining Company Limited (HMY) reported a very strong FY26, combining record shareholder returns with higher profitability while continuing its transition to a gold-and-copper producer. Group revenue rose 34% to R99 238 million, driven mainly by a 35% increase in the average gold price received to R2 069 710/kg. Headline earnings per share jumped 87% to 4 363 SA cents, and adjusted free cash flow grew 54% to R17 148 million, supporting a record final dividend of 750 SA cents per share and total FY26 dividends of R8 151 million.

Gold production declined 3% to 44 464kg as planned, while AISC on gold increased 13% to R1 191 698/kg, partly offset by stronger prices and by-product credits. The newly acquired CSA mine delivered 18 207 tonnes of copper at a C1 cash cost of US$2.47/lb, contributing to diversification. Net debt ended at R852 million with net debt/EBITDA of 0.02x and liquidity of R17 101 million, after funding copper growth. Harmony increased gold Mineral Reserves to 27.4Moz and copper Mineral Reserves to 4.0Mt, and guided FY27 production of 1.4–1.5 million gold-equivalent ounces, with higher copper volumes expected to offset lower gold.

HARMONY GOLD MINING CO LTD (HMY) reports a strong operational and financial performance for the year ended 30 June 2026, meeting all gold and copper production, grade and cost guidance. Group gold production was 44 464kg (1 429 551oz), with underground recovered grade of 5.83g/t and all-in sustaining costs of R1 191 698/kg (US$2 195/oz).

The CSA mine in Australia contributed 18 207 tonnes of copper at a recovered grade of 3.75%. A sharply higher average gold price received of R2 069 710/kg (US$3 811/oz), up 35.3%, plus copper sales of 16 719t, and R2.8 billion (US$165 million) impairment reversals, supported substantial earnings growth.

EPS is expected at 4 400–4 800 SA cents (up 90–108%) or 265–285 US cents (up 109–124%). HEPS is expected at 4 050–4 450 SA cents (up 73–90%) or 245–265 US cents (up 90–105%). These results reflect higher revenues but also higher production costs, royalties, taxes, derivative losses and R1.4 billion (US$82 million) CSA acquisition costs.

Harmony Gold Mining Company Limited reported that Van Eck Associate Corporation has increased its holding in Harmony’s ordinary shares. Van Eck Associate Corporation now holds a 5.0167% beneficial interest in Harmony’s total issued ordinary share capital, triggering a disclosure under South African company and JSE listing rules.

Harmony filed the required notice with the Takeover Regulation Panel, and the board stated it has received the formal TRP121.1 notification from Van Eck Associate Corporation and believes the disclosed information to be accurate.

Harmony Gold Mining Company Limited announced changes in its board governance structure. With effect from 14 August 2026, Mr Frans ("Faan") Lombard has been appointed Chairperson of Harmony’s Nomination Committee, succeeding Dr Mavuso Msimang, who will continue to serve as a committee member.

On the same date, Mr Lombard was also appointed as Harmony’s Lead Independent Director, again succeeding Dr Msimang. These new roles are in addition to Mr Lombard’s existing membership of the Audit and Risk Committee, previously announced on 17 January 2025.

Harmony Gold Mining Company Limited concluded new syndicated, multi-tranche, multi-currency loan facilities totaling US$500 million, A$500 million and R7 billion. The new facilities reduce funding costs relative to the refinanced facilities, extend the debt maturity profile and strengthen overall liquidity.

The loans will partly refinance Harmony’s 2022 US dollar and Rand syndicated facilities and the MAC Copper acquisition bridge facility, and also support general corporate purposes. The package introduces Australian dollar funding aligned to the MAC Copper acquisition (about US$1.25 billion) and the Eva Copper Project (about US$1.55–US$1.75 billion), improving alignment between funding and underlying assets.

The financing attracted about 93% lender participation and commitments around three times the targeted amount. Four sustainability-linked loans with three-year terms (plus two one-year extension options) are tied to KPIs on renewable energy, potable water reduction and mine community spend, with potential margin adjustments of up to 5 basis points. Debt covenants remain unchanged.

Harmony Gold Mining Company Limited reported that an employee died after an incident at the TauTona service shaft near Carletonville on 19 July 2026. The Department of Mineral and Petroleum Resources and other stakeholders have been notified, and management is supporting the employee’s family and colleagues.

Chief Executive Officer Beyers Nel stated that Harmony is working with the DMPR and other stakeholders to understand what happened, ensure lessons are learned and urgently applied, and strengthen efforts to prevent similar incidents in future.

Harmony Gold Mining Company Limited reports a strong pre-year-end update for FY26, highlighting consistent gold output, growing copper production and robust shareholder returns.

The company expects FY26 gold production to meet guidance for the 11th consecutive year at between 1.4 million and 1.5 million ounces, with underground recovered grades around 5.80g/t, all-in sustaining costs within guidance and capital expenditure slightly below plan. The CSA copper mine is forecast to reach the upper end of guidance with 17 500 to 18 500 tonnes of copper, supported by a ventilation project aimed at enabling growth toward a 40 000 tonne-per-annum profile.

Harmony emphasizes disciplined capital allocation, funding major projects such as the Eva Copper project from internal cash flows and capital-efficient structures. Strong cash generation allowed the company to pay a record R4.4 billion in dividends over the past 12 months while maintaining a robust balance sheet. An upgrade of its MSCI ESG rating to ‘A’ and ongoing safety and environmental initiatives, including a pause in certain Eva Copper land-clearing activities for a protected species assessment, underscore its focus on sustainable operations.

Harmony Gold Mining Company Limited reported a tragic loss-of-life incident at its Moab Khotsong mine near Orkney. An employee died in a seismicity-related fall-of-ground incident that occurred on the morning of 19 June 2026.

Harmony expressed condolences to the employee’s family, friends and colleagues, and stated that management is providing support to those affected. All relevant stakeholders have been notified, and an investigation led by the Department of Mineral and Petroleum Resources (DMPR) is underway to determine the circumstances of the incident.

Chief Executive Officer Beyers Nel reiterated that safety is Harmony’s foremost priority and committed to working closely with the DMPR to ensure lessons from this event are applied across the company’s operations.

Harmony Gold Mining Company Limited reported that executive director HE Mashego executed an on-market sale of ordinary shares. On 28 May 2026, Mashego sold 3,000 Harmony shares at a volume weighted average price of R284.0333 per share, for a total value of R852,100.80. The disclosed price range for the trades was between R284.00 and R284.10 per share, and the interest in the shares is described as direct and beneficial. The company notes that prior clearance was obtained for these dealings, as required by the JSE Listings Requirements.