Harmony Gold Expects Costs to Jump After Surge in Profit [Financial Post (Toronto, Ontario, Canada)]
Harmony Gold Mining Company Limited (HMY)
US:NYSE Investor Relations:
harmony.co.za/investors
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Harmony Gold Mining Co., the largest producer of South African gold, expects costs to jump this year, after profit in the previous 12 months soared with rising output and prices. Johannesburg-based Harmony said the cost of extracting gold from its deep mines in South Africa and a project in Papua New Guinea will increase by 13% to 22% in the fiscal year through June 2025. It also forecasts production to decline, after exceeding expectations last year. The market will focus on Harmony's guidance for this year following the firm's “strong” 2024, analysts from RMB Morgan Stanley wrote in a note on Thursday. Lower production and higher costs “may come as a negative disappointment to some,” they said, adding that the company's dividend was also below consensus expectations. Harmony shares fell as much as 10%, the most since August 2022. This year's g
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HMY
News
- Harmony Gold Mining Company Limited (NYSE: HMY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Harmony Gold Mining Company Limited (NYSE: HMY) had its price target raised by analysts at JPMorgan Chase & Co. from $8.20 to $8.40. They now have a "neutral" rating on the stock.MarketBeat
- Are Basic Materials Stocks Lagging Harmony Gold (HMY) This Year? [Yahoo! Finance]Yahoo! Finance
- Harmony Gold Mining Company Limited (NYSE: HMY) is now covered by analysts at Bank of America Co.. They set a "neutral" rating on the stock.MarketBeat
- Harmony Gold Mining goes ex dividend tomorrow [Seeking Alpha]Seeking Alpha
HMY
Earnings
- 2/29/24 - Beat
HMY
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- 11/12/24 - Form 6-K
- HMY's page on the SEC website