Harmony Gold Reports Fiscal Q1 Results, Reaffirms Production Guidance
Gold revenue rose 3% to $1.4 billion as a 17% increase in average realized gold price to $4,057 per troy ounce offset a 12% decline in production. Copper revenue was $79 million, and net cash stood at $243 million.
Harmony Gold announced its financial results for the first quarter of fiscal 2026, ending September 30, 2026. The company reported a 3% increase in gold revenue to $1.4 billion, driven by a 17% rise in the average gold price received to $4,057 per troy ounce, which offset a 12% decline in gold production. Additionally, the company's copper assets generated $79 million in revenue during the period, and it ended the quarter with a net cash position of $243 million. Management reaffirmed the company's full-year production guidance for both gold and copper.