Stellar Harmony Gold results drive record free cash, R1.4bn dividend declaration
JOHANNESBURG (miningweekly.com) – Record interim free cash flow generation and the highest-ever interim dividend payout was declared on Tuesday by Harmony Gold Mining Company.
The gold price has continued to rally since the beginning of the 2025 calendar year, enhancing the strong financial position of the Johannesburg Stock Exchange-listed company.
Group gold revenue rose 19% increasing to R35 447-million and net profit shot up by 33% to R7 929-million for the six months to December 31.
While Harmony is a long-standing gold producer, it is on the cusp of introducing near-term copper in Australia, which will further de-risk and diversify its production profile.
The latest results presented on March 4 show stellar cash flows, balance sheet robustness, and a strong net cash position.
“We remain disciplined and responsible with our capital allocation, and we will not deviate from our risk-based approach to decision-making.
“Having a balanced approach to capital allocation will enable us to deliver on our growth aspirations and ensure we continue to create real long-term value for our shareholders and our stakeholders. This is mining with purpose," new Harmony CEO Beyers Nel stated in a March 4 release to Mining Weekly.
The record interim dividend payout of R1 441-million was on the basis of 227c a share.
Production guidance for financial year 2025 (FY2025) to end June remains unchanged at between 1 400 000 oz and 1 500 000 oz.
The all-in sustaining costs prediction for FY2025 also remains unchanged at between R1 020 000/kg and R1 100 000/kg.
Underground grade guidance stays the same at above 5.80 g/t.
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