Harmony Gold's Record Dividend Fails to Impress Investors Amid Lower Production and Rising Costs

Harmony Gold's first-half results show a 61% surge in operating profit and a record interim dividend of $204m. However, the company missed its production target and costs increased in almost every direction, with gold output down 9% and all-in sustaining costs up 21%. Despite doubling the dividend, investors dumped the stock, with shares falling on the NYSE.