HMY

Harmony Gold Mining Company Limited operates as a gold mining company primarily focused on South African operations. Headquartered in Randfontein, South Africa, the company extracts and processes gold ore from underground mines in the Witwatersrand Basin, one of the world's most prolific gold-producing regions. Harmony operates nine underground mines and one surface operation in South Africa, along with one mine in Papua New Guinea through its Hidden Valley joint venture. The company produces approximately 1.5 million ounces of gold annually and employs around 42,000 people. As one of South Africa's largest gold producers, Harmony ranks among the top ten global gold mining companies by production volume. The company's operations are organized into four key areas: the Tshepong operations, Bambanani operations, Kusasalethu Mine, and the Moab Khotsong complex. In recent years, Harmony has focused on extending mine life through targeted exploration and development projects, while also prioritizing operational efficiency and cost management. The company acquired Mponeng Mine and related assets from AngloGold Ashanti in 2020, significantly expanding its resource base and production capacity. Harmony also produces copper and silver as by-products. The company's strategy emphasizes maximizing free cash flow generation, maintaining a strong balance sheet, and sustainable mining practices across its portfolio of long-life assets.