South Africa’s largest gold miner scores big
South Africa’s Harmony Gold said its half-year profit rose 13% on higher bullion prices, helping the miner boost its dividend.
Harmony’s headline earnings per share came in at R14.31 ($0.8827) in the six months to December 31, from R12.70 previously.
The biggest gold producer in South Africa declared an interim dividend of R5.30 per share, up from R2.27 previously, making a record payment of R3.38 billion.
The price of gold soared by about 60% in 2025, driven by geopolitical and economic uncertainty, expectations of U.S. interest rate cuts, and increased purchases by central banks amid a global de-dollarisation trend.
This year has seen further momentum, with gold prices gaining almost 30% to a record high near $5,600 an ounce at the end of January.
($1 = 16.2118 rand) (Reporting by Nelson Banya; Editing by Tom Hogue)
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