Harmony Gold reaffirms FY27 gold production guidance of 1,300,000-1,400,000 ounces
HMY•Harmony Gold reaffirmed FY27 gold production guidance of 1.3 million to 1.4 million ounces, with all-in sustaining costs forecast at $2,300-$2,465 per ounce and capital expenditure at $821 million. First-quarter gold output fell 12% year over year to 343,000 ounces.
1. Production and costs
Harmony Gold reaffirmed FY27 gold production guidance of 1,300,000-1,400,000 ounces. It forecast gold all-in sustaining costs of $2,300-$2,465 per ounce and capital expenditure of $821 million. Copper production is expected to reach 28,000-30,000 tonnes, with C1 costs of $2.55-$2.65 per pound.
2. Project and quarterly output
Eva Copper project capital expenditure is forecast at $650-$680 million, and construction is 15% complete. First-quarter gold output fell 12% year over year to 343,000 ounces, reflecting Moab Khotsong's anticipated ore gap and Hidden Valley's regulatory stoppage.
