Harmony Gold increases grade guidance as net cash surges

Harmony Gold Mining Company Limited (JSE: HAR) announced an improved operational outlook for FY25, increasing its underground recovered grade guidance to over 6.00g/t. This revision is attributed to strong performances from Mponeng and Moab Khotsong mines. For the nine months ended March 31, 2025, gold revenue increased by 20% to R50.915 million (US$2 811 million), benefiting from a 25% increase in the average rand gold price received, which reached R1 454 291/kg (US$2 497/oz).