Harmony is a gold mining specialist with a growing copper footprint.
We are South Africa’s largest gold producer by volume, having helped shape the mining landscape for the past 75 years. Today, we operate in South Africa, Papua New Guinea and Australia.
The acquisition of MAC Copper, alongside our Eva Copper and Wafi-Golpu projects, positions us to emerge as a leading gold-copper producer – driving long-term resilience and margin expansion. We lead the world in gold tailings reclamation, which safely and responsibly unlocks value from historic resources.
Headquartered in Randfontein, South Africa, Harmony has a primary listing on Johannesburg’s stock exchange, the JSE (HAR) and an American depositary receipt programme listed on the New York Stock Exchange (HMY).
Our shareholder base is both geographically diverse and institutionally robust, comprising some of the world’s largest fund managers. The majority of our shareholders are based in South Africa, with a significant presence in the United States, reflecting strong international interest in our equity story and investment case.
Key facts FY25
Experience
75 years
of gold mining in South Africa, a 25-year presence in Australia and over 20 years in Papua New Guinea
Gold production
1.48Moz
gold and gold equivalent Mineral reserve
36.82Moz
Market capitalisation
R155.4bn
(US$8.7bn)
A profitable, sustainable company
With 75 years of operational experience in South Africa, 25 years’ presence in Australia and over 20 years in Papua New Guinea, we are a gold mining specialist with a growing international copper footprint.
Mining with purpose
Our integrated, stakeholder-inclusive and risk-based approach to sustainable mining practices, combined with meaningful investments in organic and inorganic growth, continues to enable the long-term success of our business, and ultimately, sustained value creation for our stakeholders.
Sustainability is embedded in all that we do – driving operational excellence, community development and environmental stewardship. We are committed to safe, ethical, social and ecologically responsible mining.
Our strategy
To produce safe, profitable ounces and improve margins through operational excellence and value-accretive acquisitions.
Our values
Our values guide our decision making, behaviour and our culture.
No matter the circumstances,
safety is our main priority
Safety is our promise – not just compliance, but care. It is the foundation of our culture, where every person matters.
Achievement is core to
our success
Achievement is our fuel – driven by purpose, resilience and the courage to turn risk into opportunity. It is the spirit behind our empowerment programmes and performance culture.
We are all accountable for delivering on our commitments
Accountability is our compass – owning our impact and modelling integrity. It is the backbone of our leadership development and risk propensity coaching.
We are all connected as one team
Connectedness is our rhythm – bridging cultures, communities and conversations. It is the essence of Thibakotsi: Unity in diversity, inclusion in action.
We uphold honesty in all our business dealings and communicate openly with stakeholders
Honesty is our voice – clear, courageous and authentic. It is how we build trust, foster psychological safety and lead with transparency.
Leadership philosophy
Our values
- We live by our values, always:
- Safety, Accountability, Achievement, Honesty and being Connected
- These values guide how we work together and lead diverse teams in a high-performing, inclusive environment to ensure excellence
Safety and health
- Safety comes first in everything we do
- We act early to prevent incidents before they happen
- We care about our people’s health and well-being
- We take responsibility for protecting our organisation as a whole
- We aim to make a positive and lasting difference applying integrated risk-based decision-making
Our people
- By empowering and valuing our people we bring our values to life and lead with meaningful impact
- As servant leaders, we lead with care, integrity, and humility
- We create safe, respectful spaces, support continuous growth, and ensure fair recognition
- We build trust through honest communication and strong relationships
Operational excellence
- We take ownership of our business, stay closely connected to our operations, and adapt to change to deliver sustainable results
- We follow clear policies and procedures to protect our people, uphold our values, and ensure we operate responsibly
