Harmony Gold Guides FY26 EPS Up 90–108% on Record Gold Prices and Copper Integration
HMY sits 88% above its 52-week low of $12.58.
Summary
Harmony Gold expects FY26 EPS between 4,400–4,800 SA cents, up 90–108% from FY25, on higher gold prices and the CSA copper mine acquisition. Full results are due 27 August 2026.
Key Events · Earnings and Guidance · HMY
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FY26 EPS Guidance Up 90–108%
Basic EPS expected between 4,400–4,800 SA cents (US$2.65–2.85), up from 2,313 SA cents (US$1.27) in FY25. Headline EPS expected between 4,050–4,450 SA cents (US$2.45–2.65), up 73–90%.
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Gold Price Received Up 35.3%
Average gold price received rose to R2,069,710/kg (US$3,811/oz) from R1,529,358/kg (US$2,620/oz), driving revenue growth.
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R2.8B Impairment Reversal
Reversal of R2.8 billion (US$165M) in property, plant and equipment impairments across Tshepong North, Tshepong South, Kusasalethu, and Doornkop CGUs due to higher gold price assumptions.
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CSA Copper Mine Integration
CSA mine contributed 18,207 tonnes of copper at 3.75% grade; 16,719 tonnes sold at an average US$5.62/lb. Acquisition costs of R1.4 billion (US$82M) were incurred.
Analysis · HMY · Energy & Transportation
Harmony Gold's FY26 trading statement reveals earnings per share will rise 90–108% year-over-year, driven by a 35.3% jump in the average gold price received and the first full-year contribution from the CSA copper mine. The company also reversed R2.8 billion in impairments as higher gold price assumptions lifted asset valuations. This is a major earnings inflection for a diversified gold-copper producer, with full results due 27 August 2026.
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At the time of this filing, HMY was trading at $23.63 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $12.58 to $26.06. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.