Harmony Gold: FY 2026 Shows Diversification Continues Underway As Financial Position Remains Solid

Harmony Gold Mining Company Limited remains a long-term value Buy, as it continues its transition from a pure gold play to a dual copper/gold play. Key copper focused expansion projects continue project advancement, as Eva Copper advances to early construction, and CSA continues to ramp up production and optimization. FY 2026 cash generation surged by around 50%, enough to comfortably fund immense increases in capital expenditure.