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Harmony Gold just posted its best fiscal year ever, yet the CEO is telling investors the real payoff does not arrive until after 2030. Here is what that bet looks like when you strip out the gold price tailwind.
Harmony Gold Mining (NYSE: HMY) reported record financial results for the year ended June 30, 2026, as higher gold prices, operating performance and contributions from its copper business lifted revenue, earnings and cash flow. The company produced 1.43 million ounces of gold and 18,200 tonnes of copper, reaching the upper end of its guidance range for
Harmony Gold Mining (NYSE: HMY) said fiscal 2026 marked a "defining year" in its transition toward a diversified gold and copper producer, reporting record revenue, earnings and adjusted free cash flow while meeting its operating guidance. Chief Executive Officer Beyers Nel said the company achieved its gold production guidance for the 11th consecutive financial year. Group
Harmony Gold Mining Company Limited (HMY) Q4 2026 Earnings Call Transcript
Harmony Gold Mining NYSE: HMY reported record financial results for fiscal 2026, supported by gold production that met guidance for an 11th consecutive year, the contribution from its acquired CSA copper mine and higher operating free cash flow.
The South African miner's headline earnings per share rose 87%.
Harmony Gold continues to maintain value appeal with FY26 expected EPS guidance of ~$2.65, implying an ~8.8x P/E and ~11% earnings yield at ~$23.50. HMY's copper expansion is a structural earnings catalyst, targeting ~40% of future production, diversifying away from gold dependency while capitalizing on copper demand tailwinds. HMY's upside is closely linked to ongoing commodity tailwinds; continued reinvestment of free cash flow increases both the upside if the commodity cycle continues and drawdowns if the cycle reverses.
On August 19, 2026, Harmony Gold Mining Co Ltd (HMY) shares rose 9.4% to a current price of $21.09, reflecting a significant uptick in market interest. The stoc