HARMONY GOLD MINING CO LTD
HMY, HGMCF · Gold and Silver Ores · EDGAR filings ↗
Grade
B77Strong-returning South African gold miner with top-decile ROE/ROIC, now diversifying into copper via MAC.
Strengths
- Top-decile ROA (96th), ROE (88.5th), ROIC (92nd); FCF 90th pct, very low debt (D/E 0.04)
- Net income +72% on +23% revenue from higher gold prices
Risks
- Debt-funded MAC copper acquisition ($875m bridge drawdown) adds leverage and integration risk
- Commodity cyclicality, hedging losses, and South African power/regulatory/labor exposure
Notable findings
- Strong balance sheetStrong balance sheet — $738M cash & investments
Key metrics
Gross margin
30.9%
Operating margin
26.0%
Net margin
18.6%
Return on equity
30.0%
Return on assets
18.8%
ROIC
31.9%
Revenue growth (QoQ)
28.9%
Net-income growth
71.6%
Debt / equity
0.0×
Interest coverage
29.2×
Current ratio
1.7×
Free cash flow
$608M
Tangible book value
$2.7B
Cash & investments
$738M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-10-31 | 2025-06-30 | 0001628280-25-047726 ↗ |
| 20-F | 2024-10-31 | 2024-06-30 | 0001628280-24-044479 ↗ |
| 20-F | 2023-10-31 | 2023-06-30 | 0001628280-23-035632 ↗ |
| 20-F | 2022-10-31 | 2022-06-30 | 0001628280-22-027359 ↗ |
| 20-F | 2021-10-29 | 2021-06-30 | 0001628280-21-020809 ↗ |
| 20-F | 2020-10-29 | 2020-06-30 | 0001628280-20-015058 ↗ |
| 20-F | 2019-10-24 | 2019-06-30 | 0001628280-19-012525 ↗ |
| 20-F | 2018-10-25 | 2018-06-30 | 0001628280-18-012896 ↗ |
| 20-F | 2017-10-27 | 2017-06-30 | 0001628280-17-010249 ↗ |
| 20-F | 2016-10-26 | 2016-10-26 | 0001205613-16-000327 ↗ |
| 20-F | 2015-10-23 | 2015-10-23 | 0001205613-15-000140 ↗ |
| 20-F | 2014-10-23 | 2014-06-30 | 0001193125-14-379647 ↗ |