Latest News & Developments
Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6. 8%, 4. 1%, 3. 1% and 2. 9%, respectively, data from Anchor Capital showed.
BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.
Gold has reached an unprecedented high of $3,148 per ounce, driven by economic uncertainties and geopolitical tensions. Discover the key factors behind this surge and what it means for investors.
The Johannesburg Stock Exchange experiences a significant rally as investor confidence grows following the new budget and improved economic outlook.
South Africa's economic challenges deepen as both mining and manufacturing sectors record significant declines in January 2025, with mining production falling 2. 7% and manufacturing dropping 3. 3% year-on-year. Infrastructure constraints and global trade tensions continue to impact the country's productive sectors.
Harmony Gold Mining Company reports substantial financial growth with a 19% revenue increase to R35. 45 billion and 33% profit surge, despite facing production challenges. The company's strategic moves into copper production and improved operating conditions signal positive outlook, though analysts remain divided on future performance
Harmony Gold anticipates substantial growth in interim earnings up to 42%, driven by higher gold prices and operational excellence, despite rising production costs and increased taxation. The company's strategic investments and disciplined capital allocation have positioned it to capitalize on favourable market conditions.
The company promises to bottle the obscenely expensive water with little processing to maintain its natural nature.