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HGMCF - Harmony Gold: With Falling Grades And Rising Costs All Hopes Are For Higher Gold Prices
Harmony Gld Mng Ltd Ord
Typically, a material upside in gold prices makes the biggest difference for higher-cost miners as it allows them to move from losses to profits. In many cases, the improvement in financials leads to a major boost for stocks of such companies. This is what happened in Harmony Gold's (HMY) case – the stock that was trading close to $1.50 in May 2019 sprinted towards $4.00 in January 2020 due to major gold price upside. Unfortunately, for the company’s shareholders, Harmony’s internal problems are starting to put material pressure on its stock. Harmony has