Morningstar

Harmony Gold to Proceed With Eva Copper Mine Project in Australia

Provided by Dow Jones

By Adam Whittaker 




  Harmony Gold Mining said it would proceed with its Eva Copper mine in Australia after an updated feasibility study showed the project would deliver a robust cash flow with strong margins. 



  The South African gold miner has taken its final investment decision and said it expects the mine in Queensland to deliver an average of 60,000 metric tons of copper and 19,000 troy ounces of gold a year over its 15-year mine life. 



  Harmony Gold expects production to start in the second half of 2028, and anticipates benefiting  from elevated copper prices. 



  It expects an all-in sustaining cost of approximately $2.50 a pound.  Harmony Gold said it expects the project to cost $1.55 billion to $1.75 billion over a three-year construction period. It will fund the project via cash and debt. 





  Write to Adam Whittaker at adam.whittaker@wsj.com 





  (END) Dow Jones Newswires



  November 24, 2025 03:45 ET (08:45 GMT)


Copyright (c) 2025 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
The 10 Best Companies to Invest in Now
 
The stocks of these high-quality companies look cheap today. 
 
 
Tori Brovet 
 
 
 
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
 
Russ Kinnel shares investment ideas from his annual Thrilling Funds list and discusses how he screens for quality investments in a sea of options. 
 
 
Russel Kinnel and Ivanna Hampton 
 
 
 
3 Stocks to Sell and 3 Stocks to Buy for October
 
Plus, lessons from September’s stock market activity. 
 
 
David Sekera, CFA and Susan Dziubinski 
 
 
 
The Top Funds for a Simpler Retirement Portfolio
 
For retirement savers and retirees, Christine Benz highlights all-in-one funds and core funds that can serve as building blocks for a streamlined portfolio. 
 
 
Christine Benz 
 
 
 
10 Top-Performing US Dividend Stocks
 
Chevron and Pfizer are among Q3's high-yielding winners. 
 
 
Bella Albrecht 
 
 
 
 

			Sponsor Center