Harmony Gold reports fatality at Target 1 mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
0mins
Should l Buy HMY?
Source: Globenewswire
Harmony Gold Mining Company Ltd's stock rose by 7.77% and reached a 5-day high amid positive market conditions.
The company announced a tragic loss of life at its Target 1 mine, which has raised concerns about safety and operational impacts. This incident may lead to increased scrutiny and potential regulatory actions, affecting the company's future operations.
Investors are likely to monitor the situation closely, as the implications of this incident could influence Harmony Gold's operational stability and market perception.
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Analyst Views on HMY
Wall Street analysts forecast HMY stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 17.510
Low
20.50
Averages
20.50
High
20.50
Current: 17.510
Low
20.50
Averages
20.50
High
20.50
About HMY
Harmony Gold Mining Company Limited is a mining company. It acquires, explores, develops, and operates gold and uranium properties, through its underground and open-pit mines in South Africa, and its Hidden Valley open-pit mine in Papua New Guinea. Its main products are gold bullion and uranium concentrate, extracted from deep-level and surface mining operations. Its segments include South Africa Underground, Surface, and International. In South Africa, its underground operations are located within the Witwatersrand Basin, which includes one in the Klerksdorp goldfield, three in the West Rand, and five in the Free State, in the southern portion of the Witwatersrand Basin. It also has an open pit mine, Kalgold, on the Kraaipan Greenstone Belt as well as several surface treatment operations. In Papua New Guinea, it operates the Hidden Valley mine and Wafi-Golpu project. In Australia, the Company owns the Eva Copper Mine Project. It also owns CSA Copper Mine in New South Wales, Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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