HARMONY GOLD MINING CO LTD (HMY) Form 6-K — Nov 9, 2026
Harmony Gold reported Q1FY27 gold production of 342 758oz, down 12% year-on-year, mainly from the planned ore gap at Moab Khotsong and a now-resolved regulatory stoppage at Hidden Valley. AISC rose 17% to US$2 484/oz, but stayed at the lower end of FY27 guidance, and FY27 production, cost and grade guidance was left unchanged. Higher gold prices carried the quarter: the average price received jumped 17% to US$4 057/oz, lifting gold revenue 3% to US$1.4 billion. The newly acquired CSA mine added R1.3 billion of copper revenue, though its C1 cash cost of US$2.72/lb sits above full-year guidance.
Key figures
- Revenue
- R22.3 billion gold revenue (US$1.4 billion) plus R1 280 million (US$79 million) copper revenue
- Guidance
- FY27 unchanged: 1.3-1.4Moz gold production, recovered grade ~5.60g/t, AISC R1 300 000-R1 395 000/kg; copper 28 000-30 000t, yield ~3.50%, C1 US$2.55-2.65/lb
- Revenue Yoy
- +3% (gold revenue)
- Cash Position
- R20.7 billion gross cash (US$1.3 billion); net cash R4.2 billion (US$243 million)
- Aisc
- R1 300 073/kg (US$2 484/oz), up 17% YoY
- Ltifr
- 5.04
- Liquidity
- R30.2 billion (US$1.8 billion)
- Fatalities
- 3
- Copper c1 cost
- US$2.72/lb (above FY27 guidance)
- Convertible bond
- US$500 million at 1.5% coupon
- Copper production
- 7 077 tonnes
- Eva capital range
- US$1.55 billion to US$1.75 billion
- Copper price received
- US$6.44/lb
- Gold production q1fy27
- 10 661kg (342 758oz), down 12% YoY
- Avg gold price received
- R2 123 588/kg (US$4 057/oz), up 17% YoY
- Underground recovered grade
- 5.53g/t, down 6% YoY
- Eva construction complete pct
- 15
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