Harmony Gold: Bright Future With Gold And Potentially Copper At An Attractive Price

2025-09-03 09:00:00 ET

Buy Rating for Harmony Gold Mining Company Limited

This article provides an update on the NYSE-listed shares of Harmony Gold Mining Company Limited ( HMY ). HMY is a South African gold producer with current gold deposits in South Africa (its primary producing region) and Papua New Guinea. With the acquisition of 100% of MAC Copper Limited ( MTAL ) for US$1.03 billion, HMY will soon also be a copper company, owning the high-grade CSA Copper Mine (“CSA”) in Cobar, New South Wales, Australia. Following the green light from MAC Copper shareholders on September 1, 2025, and approval from the South African Reserve Bank (“SARB”) on August 5, 2025, and the Australian Foreign Investment Review Board on August 19, 2025, we are just a small step away from achieving this milestone. Financing for the acquisition has long been secured through committed bridge loans up to $1.25 billion from leading global banks, with HMY's strong liquidity position playing a crucial role. The lenders are convinced about the value of this transaction, which is now most likely to be completed by October 2025 at the latest....

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