Harmony Gold Mining Company Limited (HMY) Reports Pre-Year-End Update

Harmony Gold Mining Company Limited (NYSE:HMY) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.

A man, dressed in protective gear, holding a golden nugget freshly extracted from an underground mining shaft.

On June 23, 2025, ahead of its financial year-end on June 30, 2025, Harmony Gold Mining Company Limited (NYSE:HMY) reported a pre-year-end update. The company reaffirmed its 1.4 to 1.5 million ounces of total production guidance, while expecting its all-in sustaining costs to remain in the $0.057-$0.062 per kg range. Meanwhile, underground recovered grades have surpassed expectations, and capital expenditure is expected to be below the guided $0.61 billion.

The company’s capital allocation strategy allowed it to meet or exceed guidance for a 10th consecutive year. Furthermore, Harmony Gold Mining Company Limited (NYSE:HMY) reported a record interim dividend payment of $0.08 billion. Its share price on the domestic exchange also hit a record high in April.

Looking ahead, the company’s potential acquisition of MAC Copper Australia is expected to increase annual copper output by 40,000 tons, boosting free cash flow. Harmony Gold Mining Company Limited (NYSE:HMY) aims to focus its investment strategy on high-grade, low-risk assets like Hidden Valley and Mponeng. Harmony Gold Mining Company Limited (NYSE:HMY) also aims to advance feasibility studies at Eva Copper and permitting for the Tier 1 Wafi-Golpu project, strengthening its copper-gold growth trajectory.

With mineral properties located in South Africa, Papua New Guinea, and Australasia, Harmony Gold Mining Company Limited (NYSE:HMY) is focused on the exploration, extraction, and processing of gold, uranium, silver, and copper deposits. It is included in our list of the best gold stocks.

While we acknowledge the potential of HMY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Most Undervalued Cloud Stocks Under $10 According to Hedge Funds and 11 Best Mineral Stocks to Buy According to Hedge Funds.

Disclosure: None.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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