Morningstar

Harmony Gold Expects In-Line Results Despite Mill Motor Failure, Gold Shipment Delay

Provided by Dow Jones

By Nina Kienle 




  Harmony Gold said it expects results for the first half of fiscal 2026 to be in line with expectations, despite a mill motor failure and gold shipment delay in the second quarter. 



  The gold miner on Tuesday said that although the mill motor failure and a deferment of the final gold shipment to January 2026 hurt operational performance in the three-month period, it still expects to meet full-year production guidance of between 1.4 million to 1.5 million ounces. 



  "Although underground average mining grades were in line with expectations, recovered grades were adversely affected by lower metallurgical recoveries and the impact of an industry-wide cyanide shortage in South Africa," the miner said. 



  Elevated gold prices and continued strong free-cash-flow generation are supporting the financial results, Harmony added. 





  Write to Nina Kienle at nina.kienle@wsj.com 





  (END) Dow Jones Newswires



  February 03, 2026 05:41 ET (10:41 GMT)


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