Patrice Motsepe’s Harmony Gold Revenue Rises to R22.3bn - Billionaires.Africa

AI desk brief

Harmony Gold reported first-quarter FY2027 gold revenue of R22.3 billion, up 3%, as a 17% increase in its realised gold price to $4,057/oz offset a 12% production decline to 342,758 ounces. Output fell because of an anticipated ore gap at Moab Khotsong and a regulatory stoppage at Hidden Valley, which has since returned to normal production. All-in sustaining costs rose 17% to $2,484/oz, but annual gold production guidance remained 1.3–1.4 million ounces. These figures primarily affect Harmony’s operating outlook; the update does not establish a material directional effect on bullion prices.