Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €15.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Total returns to shareholders of 323% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.39 per share. Duyuru • Apr 21
Ninety One SA (Pty) Ltd. acquired an unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR). Ninety One SA (Pty) Ltd. acquired an unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on April 20, 2026. The total interest in the ordinary shares in Harmony Gold Mining Company held by the Ninety One now amounts to 5.2017% of the total issued shares of Harmony Gold Mining Company.
Ninety One SA (Pty) Ltd. completed the acquisition of an unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on April 20, 2026. Duyuru • Mar 29
Harmony Gold Mining Company Limited to Report Fiscal Year 2026 Results on Aug 27, 2026 Harmony Gold Mining Company Limited announced that they will report fiscal year 2026 results on Aug 27, 2026 Duyuru • Mar 10
Harmony Gold Mining Company Limited Provides Earnings Guidance for the Six Months Ended 31 December 2025 Harmony Gold Mining Company Limited provides earnings guidance for the six months ended 31 December 2025. For the period, the company expects earnings per share (“EPS”) are expected to be between 1527 and 1638 South African cents per share, which represents an increase of between 21% and 30% on the EPS of 1265 South African cents per share for the previous comparable period. In United States ("US") dollar terms, the EPS are expected to be between 87 and 92 US cents per share, which is an increase of between 23% and 30% on the EPS of 71 US cents per share reported for the previous comparable period. Duyuru • Dec 13
Harmony Gold Mining Company Limited to Report First Half, 2026 Results on Mar 11, 2026 Harmony Gold Mining Company Limited announced that they will report first half, 2026 results on Mar 11, 2026 Duyuru • Nov 24
Harmony Gold Mining Limited Approves High-Marin, Long-Life EVA Copper Project Harmony Gold Mining. Company Limited approved high-MARGIN, long-LIFE EVA COPPER PRO project. A comprehensive three-year feasibility study update and FEED phase have been completed, using Tier 1 contractors, further de-risking the project. First production is estimated to commence in the second half of calendar year 2028, aligning with the anticipated structural copper supply gap, which would support higher prices. Copper, a critical metal, complements gold portfolio, offering counter-cyclical benefits and a strong price outlook, enhancing resilience and growth potential. With a life-of-mine of at least 15 years and strong margins, the project enhances Harmony's resilience and cash flow generation through the cycle. Strategically important for Queensland and its North West region, independent analysis by economics firm ACIL Allen estimates the Project will add over AUD17 billion to Queensland's gross state product over its anticipated 15-year mine life, while providing significant new employment opportunities during construction and steady-state operations. Duyuru • Oct 25
Harmony Gold Mining Company Limited, Annual General Meeting, Nov 26, 2025 Harmony Gold Mining Company Limited, Annual General Meeting, Nov 26, 2025. Duyuru • Aug 28
Harmony Gold Mining Company Limited Declares Final Dividend for the Twelve Months Ended 30 June 2025, Payable on 13 October 2025 Harmony Gold Mining Company Limited declared 155.00000 SA cents (8.88252 US cents) per ordinary share, being the dividend for the 12 months ended 30 June 2025, has been declared payable on 13 October 2025 to those shareholders recorded in the share register of the company at the close of business on 10 October 2025. The dividend is declared in the currency of the Republic of South Africa. Duyuru • Aug 25
Harmony Gold Mining Company Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Harmony Gold Mining Company Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 Duyuru • Jun 25
Harmony Gold Mining Company Limited Provides Production Guidance for the Financial Year Ending June 30, 2025 Harmony Gold Mining Company Limited provided production guidance for the financial year ending June 30, 2025. For the year, the group expects total production of between 1 400 000 to 1 500 000 ounces. Underground recovered grades will be higher than the guided 6g/t. Duyuru • Mar 05
Harmony Gold Mining Company Limited Reaffirms Group Production Guidance for the Fiscal Year 2025 Harmony Gold Mining Company Limited reaffirmed group production guidance for the fiscal year 2025. Fiscal year 2025 production guidance for the group remains unchanged at between 1,400,000 ounces to 1,500,000 ounces. Underground grade guidance remains unchanged at above 5.80g/t. Despite the strong performance in the first half of the financial year, the third quarter is traditionally slowest quarter due to the January start up. Duyuru • Mar 04
Harmony Gold Mining Company Limited Announces Dividend for the Six Months Ended 31 December 2024, Payable on 14 April 2025 Harmony Gold Mining Company Limited announced dividend of 227.00000 SA cents (12.29686 US cents) per ordinary share, being the dividend for the six months ended 31 December 2024, has been declared payable on 14 April 2025 to those shareholders recorded in the books of the company at the close of business on 11 April 2025. The dividend is declared in the currency of the Republic of South Africa. Any change in address or dividend instruction to apply to this dividend must be received by the company's transfer secretaries or registrar not later than 4 April 2025. Duyuru • Feb 27
Harmony Gold Mining Company Limited Provides Earnings Guidance for the Six Months Ended 31 December 2024 Harmony Gold Mining Company Limited provided earnings guidance for the six months ended 31 December 2024. For the period, earnings per share ("EPS") are expected to be between 1182 South African cents per share and 1355 South African cents per share, which represents an increase of between 24% and 42% on the EPS of 956 South African cents per share for the previous comparable period. In United States ("US") dollar terms, the EPS are expected to be between 66 US cents per share and 76 US cents per share, which is an increase of between 29% and 48% on the EPS of 51 US cents per share reported for the previous comparable period. Headline earnings per share ("HEPS") are expected to be between 1188 South African cents per share and 1361 South African cents per share, which represents an increase of between 24% and 42% from the HEPS of 956 South African cents reported in the previous comparable period. In US dollar terms, the HEPS are expected to be between 67 US cents per share and 77 US cents per share, which is an increase of between 31% and 50% on the headline earnings of 51 US cents per share reported for the previous comparable period. Shareholders of Harmony are advised that a reasonable degree of certainty exists that basic earnings for H1FY25 will be higher than for H1FY24. This is due to an increase in revenue as a result of the delivery of safe, predictable and consistent production and a higher average gold price received. The average gold price received increased by 23% to R1 405 020/kg in H1FY25 from R1 141 424/kg in H1FY24. In US dollar terms, the average gold price received increased by 28% to $2,437/oz in H1FY25 from $1,900/oz in H1FY24. The increase in earnings was partially offset by the following: an increase in production costs due to planned above-inflation increases in labour and electricity costs, an increase in the current taxation due to higher taxable income and higher royalty taxes driven by an increase in revenue and profitability resulting from favourable gold prices. Duyuru • Jan 17
Harmony Gold Mining Company Ltd. Announces Board and Board Committee Changes Harmony Gold Mining Company Limited hereby advises that Ms. Mametja Moshe, Ms. Zanele Matlala and Mr. Mangisi Gule have been appointed to the Board of Directors of Harmony as independent non-executive directors with effect from 17 January 2025. Harmony further notifies shareholders of changes to the composition of its board committees following the aforementioned appointments. The board committee changes are noted below: Ms. Mametja Moshe will serve as a member of the Audit and Risk Committee; Ms. Zanele Matlala will serve as a member of the Audit and Risk Committee; Mr. Martin Prinsloo will serve as the Chairman of the Audit and Risk Committee, replacing Mr. John Wetton who will cease to be a member of the Audit and Risk Committee; Ms. Given Sibiya will serve as the Chairman of the Remuneration Committee, replacing Mr. Vishnu Pillay who will remain an ordinary member of the Remuneration Committee; and Mr. Mangisi Gule will serve as a member of the Remuneration Committee. Duyuru • Dec 03
Harmony Gold Mining Company Limited to Report First Half, 2025 Results on Feb 27, 2025 Harmony Gold Mining Company Limited announced that they will report first half, 2025 results on Feb 27, 2025 Duyuru • Nov 22
Ravenswood Gold Mine Owners Reportedly Kick Off $2 Billion Sale Campaign EMR Capital Pty. Ltd. and Golden Energy and Resources Pte. Ltd. (GEAR) are understood to have fired the starting gun for the $2 billion sale process of its Ravenswood Gold Mine, with promotional material now in the market. It is understood that flyers have hit the desks of prospective suitors in recent days. Of the potential Australian bidders, the name that continues to surface the most is Regis Resources Limited (ASX:RRL), but many are doubtful that Regis will be prepared to meet its price expectations, when other foreign suitors would be more likely to do so. Among them is Harmony Gold Mining Company Limited (JSE:HAR) out of South Africa that is understood to have expressed interest in Ravenswood, which is up for sale through Azure Capital and UBS. The sale process will run through the Christmas period and into the new year. Ravenswood is half-owned by Golden Energy Resources (GEAR), a Singapore company backed by Indonesian money, and EMR Capital. The understanding is that both owners are keen to divest their interests. The owners have seen strong interest on the back of the rising gold price. Reported Earnings • Oct 29
Full year 2024 earnings released: EPS: R13.86 (vs R7.80 in FY 2023) Full year 2024 results: EPS: R13.86 (up from R7.80 in FY 2023). Revenue: R61.4b (up 25% from FY 2023). Net income: R8.59b (up 78% from FY 2023). Profit margin: 14% (up from 9.8% in FY 2023). Production and reserves: Gold Production: 1,561.8 troy koz (1,467.7 troy koz in FY 2023) Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 28
Harmony Gold Mining Company Limited, Annual General Meeting, Nov 27, 2024 Harmony Gold Mining Company Limited, Annual General Meeting, Nov 27, 2024. Duyuru • Oct 23
Harmony Gold Reportedly Eyes $2 Billion Ravenswood Gold Mine Harmony Gold Mining Company Limited (JSE:HAR) is understood to have expressed interest in an acquisition of the $2 billion Ravenswood Gold Mine that being sold by EMR Capital Pty. Ltd. and Golden Energy and Resources Pte. Ltd. DataRoom understands that the $11 billion South African-listed gold miner is keen to buy the Queensland asset that Azure Capital and UBS have been appointed to sell. Market sources say that a deal would make sense for Harmony, given that its share price has been on a tear on the back of the record gold price and it has the cash to pay for the gold mine. Harmony is likely to come up against Australian-listed gold miners like Regis Resources Limited (ASX:RRL), Gold Road Resources Limited (ASX:GOR) and Capricorn Metals Ltd. (ASX:CMM), while Emerald Resources NL (ASX:EMR) may be interested. Northern Star Resources Limited (ASX:NST) and Evolution Mining Limited (ASX:EVN) may also take a look. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 202% over the past three years. Upcoming Dividend • Oct 02
Upcoming dividend of R0.94 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 240% over the past three years. Declared Dividend • Sep 08
Final dividend of R0.94 announced Shareholders will receive a dividend of R0.94. Ex-date: 9th October 2024 Payment date: 14th October 2024 Dividend yield will be 12%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 110% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Sep 05
Harmony Gold Mining Company Limited Declares Final Dividend for the 12 Months Ended 30 June 2024, Payable on 14 October 2024 Harmony Gold Mining Company Limited declared a final dividend of ZAR 0.94 per share, rewarding shareholders alongside aspirations for the 12 months ended 30 June 2024, has been declared payable on 14 October 2024 to those shareholders recorded in the share register of the company at the close of business on 11 October 2024. Duyuru • Jun 21
Harmony Gold Mining Company Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 Harmony Gold Mining Company Limited announced that they will report fiscal year 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Apr 22
Now 22% undervalued Over the last 90 days, the stock has risen 55% to €8.20. The fair value is estimated to be €10.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Duyuru • Apr 18
Public Investment Corporation Limited acquired unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR). Public Investment Corporation Limited acquired unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on April 16, 2024. Post acquisition, PIC now amounts to 15.612% of the total issued shares of the Harmony Gold Mining.Public Investment Corporation Limited acquired completed the acquisition of minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on April 16, 2024. Buy Or Sell Opportunity • Apr 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to €8.12. The fair value is estimated to be €6.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.5% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Upcoming Dividend • Apr 03
Upcoming dividend of R1.47 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%). Duyuru • Mar 20
Van Eck Associates Corporation acquired unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR). Van Eck Associates Corporation acquired unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on March 19, 2024. Such that the total interest in the ordinary shares in the Company held by Van Eck Associate Corporation now amounts to 12.07% of the total issued shares of the Company.Van Eck Associates Corporation completed the acquisition of unknown minority stake in Harmony Gold Mining Company Limited (JSE:HAR) on March 19, 2024. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €6.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.00 per share. Reported Earnings • Mar 01
First half 2024 earnings released: EPS: R9.56 (vs R2.98 in 1H 2023) First half 2024 results: EPS: R9.56 (up from R2.98 in 1H 2023). Revenue: R31.4b (up 35% from 1H 2023). Net income: R5.92b (up 222% from 1H 2023). Profit margin: 19% (up from 7.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 22
Harmony Gold Mining Company Limited Provides Earnings Guidance for the First Half Ended December 31, 2023 Harmony Gold Mining Company Limited provided earnings guidance for the first half ended December 31, 2023. for the half year, the company expects that a reasonable degree of certainty exists that basic earnings will be higher than for first half 2023 primarily due to an increased gross profit as a result of higher recovered grades, an increase in gold production and a higher average gold price received. In addition, an increase in the production of silver and uranium at the Hidden Valley and Moab Khotsong operations respectively, coupled with a meaningful increase in the average prices received for both commodities also contributed to a better performance. The increase in earnings was partially offset by the following: · an increase in production costs due to inflationary increases in labour and electricity costs as planned, and higher royalty taxes driven by an increase in revenue and profitability · an increase in amortisation and depreciation as a result of higher depreciation recognised for Hidden Valley's stripping activities additional exploration expenditure incurred for the execution of an updated feasibility study of the Eva Copper project an increase in the current taxation due to higher taxable income resulting from favourable gold prices and an increase in gold sold Consequently, earnings per share are expected to be between 937 and 976 South African cents per share, which is an increase of more than 100% on the EPS of 298 South African cents per share for the previous comparable period. In United States dollar terms, the EPS are expected to be between 50 and 52 US cents per share, which is an increase of more than 100% on the EPS of 17 US cents per share reported for the previous comparable period. Buy Or Sell Opportunity • Feb 15
Now 23% undervalued Over the last 90 days, the stock has risen 1.6% to €5.10. The fair value is estimated to be €6.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Duyuru • Jan 25
Harmony Gold Mining Company Limited Provides Production Guidance for the Fiscal Year 2024 Harmony Gold Mining Company Limited provided production guidance for the fiscal year 2024. for the year, the company remains unchanged total production of 1,380,000 oz to 1,480,000 oz. Upcoming Dividend • Oct 04
Upcoming dividend of R0.75 per share at 1.1% yield Eligible shareholders must have bought the stock before 11 October 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.9%). Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: R7.80 (vs R1.72 loss in FY 2022) Full year 2023 results: EPS: R7.80 (up from R1.72 loss in FY 2022). Revenue: R49.3b (up 16% from FY 2022). Net income: R4.82b (up R5.87b from FY 2022). Profit margin: 9.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Production and reserves: Gold Production: 1,467.7 troy koz (1,486.5 troy koz in FY 2022) Proved and probable reserves (ore): 1,444 Mt (1,504 Mt in FY 2022) Number of mines: 15 (16 in FY 2022) Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Aug 24
Harmony Gold Mining Company Limited Provides Earnings Guidance for the Financial Year Ended 30 June 2023 Harmony Gold Mining Company Limited provided earnings guidance for the financial year ended 30 June 2023. For the year, the company expects reasonable degree of certainty exists that basic earnings for FY23 will be higher than for the financial year ended 30 June 2022 primarily due to an increase in revenue due to higher underground recovered grades and a higher average gold price received. Earnings per share (“EPS”) are expected to be between 763 and 798 South African ("SA") cents, which is an increase of more than 100% on the loss per share of 172 SA cents for the previous comparable period. In United States ("US") dollar terms, the earnings per share is expected to be between 43 and 45 US cents, which is an increase of more than 100% on the loss per share of 8 US cents reported for the previous comparable period. Headline earnings per share (“HEPS”) are expected to be between 747 and 850 SA cents, which represents an increase of between 50% and 70% from the headline earnings per share of 499 SA cents reported in the previous comparable period. In US dollar terms, the headline earnings per share is expected to be between 43 and 50 US cents, which is an increase of between 30% and 50% on the headline earnings per share of 33 US cents reported for the previous comparable period. Upper end of production guidance of 1.4 to 1.5 million ounces at an all-in-sustaining cost of below R900 000/kg. Duyuru • Jun 23
Harmony Gold Mining Company Limited Provides Production Guidance for the Fiscal Year 2023 Harmony Gold Mining Company Limited provided production guidance for the fiscal year 2023. For the period, the company expects, underground recovered grades will be higher than the guided 5.6g/t for FY23. As anticipated, recovered grades at Hidden Valley also improved in the fourth quarter. Therefore, production for the group will be towards the upper end of FY23 guidance of between 1 400 000 and 1 500 000 ounces whilst all-in-sustaining costs have remained comfortably below R900 000/kg, as guided, for this financial year. Recent Insider Transactions • May 26
CEO & Executive Director recently sold €451k worth of stock On the 23rd of May, Peter Steenkamp sold around 100k shares on-market at roughly €4.51 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 27
Insider recently sold €207k worth of stock On the 24th of March, Marian Van Der Walt sold around 56k shares on-market at roughly €3.68 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €290k more than they bought in the last 12 months. Reported Earnings • Mar 03
First half 2023 earnings released: EPS: R2.98 (vs R2.27 in 1H 2022) First half 2023 results: EPS: R2.98 (up from R2.27 in 1H 2022). Revenue: R23.3b (up 6.0% from 1H 2022). Net income: R1.84b (up 33% from 1H 2022). Profit margin: 7.9% (up from 6.3% in 1H 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Feb 02
Harmony Gold Mining Company Limited Announces Executive Changes Harmony Gold Mining Company Limited announced changes to the group operational and new business development and growth structures as part of its strategy of expanding its global footprint and diversification into other commodities, whilst enhancing operational excellence. The following changes to the current operational structure, as well as the New Business Development and Growth structure, will be effective as of 1 February 2023. The two operational executive teams, that is, South Africa and Southeast Asia, will now be structured as Regional Executive management teams under the leadership of Beyers Nel as Group Chief Operating Officer, Operations (having held the position as Chief Operating Officer of the South African Operations since 2016); A regional Executive Operating Officer, who will report directly to the Group Chief Operating Officer Operations, will head up each of the Regional Executive Management teams (South Africa and Southeast Asia respectively). The recruitment process to fill the two vacancies is underway; The New Business Development and Growth function will be strengthened under the leadership of Johannes Van Heerden as Group Chief Operating Officer, Business Development and Growth. After joining Harmony in 1998, Johannes previously held the position of chief executive officer for Harmony Southeast Asia since 2008. Johannes will now dedicate 100% of his time in driving Harmony's business development and growth strategy. Key focus areas will include leading the Eva copper project into development, progressing Wafi- Golpu, and pursuing further growth opportunities in Africa, Southeast Asia and Australia. Duyuru • Feb 01
Harmony Gold Mining Company Limited to Report First Half, 2023 Results on Mar 01, 2023 Harmony Gold Mining Company Limited announced that they will report first half, 2023 results on Mar 01, 2023 Upcoming Dividend • Oct 05
Upcoming dividend of R0.22 per share Eligible shareholders must have bought the stock before 12 October 2022. Payment date: 17 October 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (9.7%). Reported Earnings • Aug 31
Full year 2022 earnings released: R1.72 loss per share (vs R8.42 profit in FY 2021) Full year 2022 results: R1.72 loss per share (down from R8.42 profit in FY 2021). Revenue: R42.6b (up 2.2% from FY 2021). Net loss: R1.05b (down 121% from profit in FY 2021). Over the next year, revenue is forecast to grow 9.6%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 30
Upcoming dividend of R0.40 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.7%). Lower than average of industry peers (8.1%). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improved over the past week After last week's 23% share price gain to €4.63, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.26 per share. Reported Earnings • Mar 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R2.27 (down from R7.63 in 1H 2021). Revenue: R22.0b (up 1.7% from 1H 2021). Net income: R1.39b (down 70% from 1H 2021). Profit margin: 6.3% (down from 21% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.9%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to €3.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 157% over the past three years. Reported Earnings • Nov 01
Full year 2021 earnings released: EPS R8.42 (vs R1.64 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R41.7b (up 43% from FY 2020). Net income: R5.09b (up R5.97b from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Production and reserves: Gold Production: 1,535.3 troy koz (1,217.3 troy koz in FY 2020) Proved and probable reserves (ore): 1,531 Mt (1,075 Mt in FY 2020) Number of mines: 16 (14 in FY 2020) Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improved over the past week After last week's 17% share price gain to €3.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Oct 06
Upcoming dividend of R0.27 per share Eligible shareholders must have bought the stock before 13 October 2021. Payment date: 18 October 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (7.1%). Reported Earnings • Sep 01
Full year 2021 earnings released: EPS R9.19 (vs R1.64 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R41.7b (up 43% from FY 2020). Net income: R5.55b (up R6.43b from FY 2020). Profit margin: 13% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to R3.04, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improved over the past week After last week's 19% share price gain to R4.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.60 per share. Upcoming Dividend • Apr 07
Upcoming dividend of R1.10 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 19 April 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 18% share price gain to R3.99, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.19 per share. Duyuru • Jan 25
Harmony Gold Mining Company Limited to Report First Half, 2021 Results on Feb 23, 2021 Harmony Gold Mining Company Limited announced that they will report first half, 2021 results on Feb 23, 2021 Duyuru • Jan 12
Van Eck Associates Corporation acquired additional unknown stake in Harmony Gold Mining Company Limited (JSE:HAR). Van Eck Associates Corporation acquired additional unknown stake in Harmony Gold Mining Company Limited (JSE:HAR) on January 11, 2021. After transaction Van Eck Associates holds 10% stake in Harmony.
Van Eck Associates Corporation completed the acquisition of additional unknown stake in Harmony Gold Mining Company Limited (JSE:HAR) on January 11, 2021. Is New 90 Day High Low • Dec 12
New 90-day low: €3.45 The company is down 36% from its price of €5.38 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.59 per share. Duyuru • Dec 06
Van Eck Associates Corporation acquired an unknown stake in Harmony Gold Mining Company Limited (JSE:HAR). Van Eck Associates Corporation acquired an unknown stake in Harmony Gold Mining Company Limited (JSE:HAR) on December 4, 2020. As a result of the transaction, Van Eck Associates Corporation now holds 10.02% of the total issued shares of Harmony Gold Mining Company Limited.
Van Eck Associates Corporation completed the acquisition of an unknown stake in Harmony Gold Mining Company Limited (JSE:HAR) on December 4, 2020. Is New 90 Day High Low • Nov 23
New 90-day low: €3.76 The company is down 23% from its price of €4.85 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.10 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €3.95 The company is down 27% from its price of €5.41 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.79 per share. Duyuru • Oct 01
Harmony Gold Mining Company Limited Announces Changes to Board and Composition of Board Committee Harmony Gold Mining Company Limited announced the resignation of Mr. Ken Dicks and Mr. Max Sisulu as independent non-executive directors as well as the retirement of Mr. Frank Abbott as executive director with effect from 30 September 2020. The resignations follow the board's evaluation of its structure, composition and succession plan conducted on an annual basis. The following board committee changes are also noted: Mr. Ken Dicks resigns as a member of the technical and investment committees effective 30 September 2020. Mr. Max Sisulu resigns as a member of the social and ethics committee effective 30 September 2020. Duyuru • Sep 25
Harmony Gold Mining Company Limited to Report Fiscal Year 2020 Results on Oct 23, 2020 Harmony Gold Mining Company Limited announced that they will report fiscal year 2020 results on Oct 23, 2020 Duyuru • Sep 19
Harmony Gold Mining Company Limited Appoints Shela Mohatla as Group Company Secretary Harmony Gold Mining Company Limited that Ms. Shela Mohatla has been appointed as group company secretary, with effect from 14 August 2020. Shela Mohatla is a qualified Chartered Secretary with the Chartered Governance Institute of Southern Africa and holds post graduate diplomas in governance and secretarial, corporate law and general management. She has been employed by Harmony as assistant company secretary since 1 July 2016 and has been acting as company secretary since 27 January 2020. 
