Harmony Gold Mining Full Year 2023 Earnings: EPS: R7.80 (vs R1.72 loss in FY 2022)
Harmony Gold Mining (JSE:HAR) Full Year 2023 Results
Key Financial Results
Revenue: R49.3b (up 16% from FY 2022).
Net income: R4.82b (up from R1.05b loss in FY 2022).
Profit margin: 9.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: R7.80 (up from R1.72 loss in FY 2022).
HAR Production and Reserves
Gold
Production: 1,467.7 troy koz (1,486.5 troy koz in FY 2022)
Proved and probable reserves (ore): 1,444 Mt (1,504 Mt in FY 2022)
Number of mines: 15 (16 in FY 2022)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harmony Gold Mining Earnings Insights
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Metals and Mining industry in South Africa.
Performance of the South African Metals and Mining industry.
The company's shares are up 2.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Harmony Gold Mining's balance sheet health.
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