Wedoany.com Report on Mar 10th, Harmony Gold Mining Company recently issued a trading statement, projecting a significant rise in its earnings per share for the six months ending December 31. In Rand terms, the increase is expected to be between 21% and 30%; in US Dollar terms, it is projected to be between 23% and 30%. Core earnings per share are expected to increase by 11% to 17% in Rand terms and by 11% to 21% in US Dollar terms.

Harmony Gold's CEO, Beyers Nel, stated in a press release: "Harmony's fundamentals remain robust, as reflected in the performance of our portfolio. Prudent capital allocation has enabled us to convert higher gold prices into growth, while integrating our copper business to expand profit margins and reduce cash flow risk. We are focused on selective growth and responsibly returning value to shareholders."

The increase in earnings is primarily attributed to a significant rise in the average gold price. In the second half of 2025, the average gold price increased by 36% in Rand terms, reaching R1,909,849 per kilogram, and by 40% in US Dollar terms, reaching $3,421 per ounce. Additionally, the reversal of an impairment on the Tshepong North asset and favorable foreign currency translation gains also contributed to the growth.

However, the earnings growth was partially offset by the following factors: increased production costs, including higher electricity and labor costs; higher taxes and royalties due to improved profitability; increased amortization and depreciation expenses, primarily due to asset additions following the acquisition of MAC Copper; derivative losses resulting from the silver price exceeding contracted lock-in prices; and increased costs and financing expenses related to acquisitions.

Harmony Gold Mining Company plans to announce its full half-year financial results on March 11. As a major gold producer in South Africa, the company is listed on the Johannesburg Stock Exchange, and its performance is closely watched by the market.