Harmony Gold is trading 8.05% down at $20.62 after investors looked past record FY2026 earnings toward weaker FY2027 production guidance, higher capital spending, and hedge losses.
- FY2026 revenue rose 34%, headline EPS increased 87%, and the company declared a record dividend.
- Planned capital expenditure is expected to rise 64%; production is forecast at 1.3–1.4 million ounces versus 1.43 million ounces.
- Bitcoin and Ethereum are higher, pointing to a primarily company-specific earnings reaction.