Harmony Gold Surges 5.74% on $200M Trading Volume as Gold Prices Hit Record High Ranks 484th in Trading Activity

On September 3, 2025, Harmony Gold (HMY) surged 5.74% with a trading volume of $200 million, marking a 49.17% increase from the previous day. The stock ranked 484th in trading activity among listed equities. Analysts highlighted the firm’s strategic expansion in gold and copper projects, including the Wafi-Golpu and Eva Copper developments, as key drivers for long-term growth.

Harmony’s financial strength was underscored by a 186% year-over-year rise in cash reserves to $738 million and a 58% jump in free cash flow to $614 million in fiscal 2025. The company’s diversified portfolio, spanning South Africa, Papua New Guinea, and Australia, positions it to benefit from rising gold prices, which hit a record $3,508.50/ounce. Analysts noted that global factors, including Fed rate cut expectations and a weaker dollar, are bolstering demand for gold, indirectly supporting Harmony’s operations.

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