Harmony Gold Mining reported record financial results for fiscal 2026 on Wednesday, with revenue rising 34% year-over-year to ZAR 100 billion ($5.9 billion) and headline earnings per share surging 87% to ZAR 43.63.
Adjusted free cash flow climbed 54% to a record ZAR 17 billion, while gold production reached 1.43 million ounces, matching guidance for the 11th consecutive year. All-in sustaining costs were ZAR 1.19 million per kilogram, or $2,195 per ounce, with underground recovered grades averaging 5.83 grams per ton.
The company declared a final dividend of ZAR 7.50 per share, bringing the full-year payout to ZAR 12.80 per share, totaling ZAR 8.2 billion in shareholder returns. The dividend yield stood at approximately 3.5%. Copper operations at CSA contributed 18,207 tonnes of production with a recovered grade of 3.75%, while C1 cash costs were $2.47 per pound.
Mineral reserves expanded, with gold reserves increasing to 27.4 million ounces and copper reserves rising 71% to 4 million tons. Eva Copper remains on track for first production in 2028, with construction advancing on pre-cleared areas. Portfolio progression is focused on 2025, with execution and value unlocking targeted between 2026 and 2030.
Harmony’s shares slipped 2.27% to $22.43 in regular trading on August 26, following the record results and dividend announcement. The stock remains well above its 52-week low of $12.58 but below its recent high of $26.06.
