Harmony Gold maintains FY27 gold AISC guidance at ZAR 1,300,000-1,395,000 per kilogram
HMY•Harmony Gold maintained fiscal 2027 production guidance of 1.4 million-1.5 million gold-equivalent ounces, with increased copper output expected to offset lower planned gold production. First-quarter gold production fell 12% to 342,758 ounces; Eva Copper remains on track for first production in the second half of 2028, with capital guidance of US$1.55 billion-US$1.75 billion.
1. FY27 production outlook
Harmony Gold maintained fiscal 2027 production guidance of 1.4 million-1.5 million gold-equivalent ounces. Gold production is forecast at 1.3 million-1.4 million ounces, while copper production guidance remains 28,000-30,000 tonnes; increased copper output is expected to offset planned lower gold production.
2. Quarterly output and costs
First-quarter gold production fell 12% to 342,758 ounces, mainly reflecting Moab Khotsong’s ore gap. Copper producer CSA’s first-quarter C1 costs reached US$2.72 per pound, versus full-year guidance of US$2.55-US$2.65; improving grades and mining flexibility are expected to bring costs toward guidance. Eva Copper remains on track for first production in the second half of 2028, with capital guidance unchanged at US$1.55 billion-US$1.75 billion.
