Harmony Gold Mining Company Limited (HMY) reiterates that it will meet all FY25 operating and financial guidance metrics. Total gold production is expected between 1.4 – 1.5 million ounces, with all-in sustaining costs (AISC) comfortably inside the R1 020 000 /kg – R1 100 000 /kg range. Underground recovered grades will exceed the 6 g/t guidance and full-year capital expenditure is set to come in slightly below the R10.8 billion budget.
The group attributes this performance to its three-year operational turnaround, stringent cost discipline over its predominantly rand-denominated cost base (labour, consumables, electricity) and continued benefit from a robust rand gold price. Management emphasises that safety remains “non-negotiable”, highlighting the roll-out of the Thibakotsi safety framework aimed at achieving zero harm.
FY25 operational highlights
- Met or surpassed guidance for the 10th consecutive year.
- Record interim dividend of R1.4 billion.
- JSE share price reached an all-time high in April 2025.
- Phase 1 of the Mine Waste Solutions extension completed on time and on budget.
- MSCI upgraded ESG rating to BB (from B) in June 2025.
- Announced potential acquisition of MAC Copper (NSW, Australia) which could add >40 000 tpa copper and be cash-flow accretive after anticipated H2 2025 closing.
Strategic outlook
FY26 capital will be focused on higher-grade, lower-risk assets (Hidden Valley, Moab Khotsong, Mponeng). Feasibility on the Eva Copper project is nearing completion; results will be released with FY25 results on 28 August 2025. Permitting for the Tier-1 Wafi-Golpu copper-gold project continues to be a long-term priority.
The financial information in this 6-K is management-prepared and has not been reviewed by external auditors. A detailed, audited set of results will be presented on 28 August 2025.
Harmony Gold Mining Company Limited filed a Form 6-K on 20 June 2025 that discloses a routine director dealing. Executive director H.E. Mashego executed an on-market sale of 1,000 ordinary shares on 19 June 2025 at R261.50 per share, for a total value of R261,500. The interest is classified as direct beneficial, and the company confirms that prior clearance for the transaction was obtained under JSE Listings Requirements 3.63-3.74. No additional financial metrics, earnings information, or major corporate actions are included in this filing.