Harmony Gold Mining

Harmony Gold delivered record results for fiscal 2026: revenue rose 34% to ZAR 99.2 billion, net profit doubled to ZAR 30 billion and HEPS climbed 87% to ZAR 43.63. Adjusted free cash flow reached ZAR 17 billion and the company announced a record final dividend of ZAR 7.50, ending the year almost debt-free. The stock fell about 2.8% in pre-market trading as investors focus on higher capital expenditure plans (around ZAR 28 billion for 2027), expected declines in gold production, losses from hedging transactions and permitting risks at the Eva-Copper project. » Altro su de.investing.com

Harmony Gold Mining reported stronger cash generation for H1 and introduced a revised dividend policy with a base payout plus upside participation, declaring an interim dividend of ZAR 5.30 per share (record ZAR 3.4 billion). The company reiterated FY2026 gold guidance (1.4–1.5 Moz production, AISC ZAR 1.15–1.22m/kg, underground grades >5.8 g/t) and provided CSA copper guidance while confirming Eva Copper construction is underway with first production targeted late 2028 and total project capex of $1.55–1.75bn. Management expects to return to net cash by year-end, updated group capex to ZAR 18.5 billion, and highlighted operational disruptions (Hidden Valley mill motor failure, cyanide supply issues) that weighed on H1 output but said operations remain on track to meet guidance. » Altro su finance.yahoo.com

The takeover of MAC Copper by Harmony Gold was approved by the Royal Court of Jersey and is therefore legally binding. Harmony Gold (Australia) acquires 100% of the issued share capital of MAC Copper under a Scheme of Arrangement, which had previously received approvals from FIRB and the South African Reserve Bank. The implementation date is 24 October; shareholders on the record date of 17 October will receive payments between 27 and 31 October. Trading in MAC CDIs on the ASX will be suspended after market close and a delisting is planned for 3 November, with complete delisting from the NYSE on 24 October; financial details were not disclosed. » Altro su de.investing.com