Harmony Gold Holds 1.4–1.5M Ounce Guidance at R1.15M–1.22M/kg AISC
Harmony Gold Mining expects solid financial performance for the six months ending December 31, 2025, driven by high gold prices and strong free cash flow, despite a mill motor failure, deferred shipment and cyanide shortage that weighed on Q2 recovered grades. The company maintains full-year production guidance of 1.4–1.5 million ounces at an all-in-sustaining cost of R1,150,000–1,220,000/kg with underground recovered grades above 5.8 g/t.
1. Cramer Endorses Agnico Eagle Over Harmony Gold
During a lightning round, Jim Cramer acknowledged Harmony Gold’s strengths but recommended Agnico Eagle as the better investment due to its solid growth story and stability.
2. Operational Challenges in Q2 FY2026
Operations at Hidden Valley faced a mill motor failure, a deferred gold shipment, lower metallurgical recoveries and a cyanide shortage in South Africa, which held recovered grades below expectations despite meeting mining-grade targets.
3. Full-Year Output and Cost Guidance
Harmony Gold reaffirms its full-year production guidance of 1.4–1.5 million ounces at an all-in-sustaining cost of R1,150,000–1,220,000 per kilogram, targeting underground recovered grades above 5.8 g/t supported by high gold prices and strong free cash flow.