Harmony Gold's Rising Costs: Can Margins Withstand the Pressure?

Key Takeaways Harmony Gold's AISC rose 20% in fiscal 2025 to $1,806 per ounce, driven by higher labor and electricity costs.Electricity and water expenses climbed 16% in fiscal 2025 as Eskom tariffs rose.HMY trades at a steep discount to the industry, with 2026 EPS estimates trending higher in 60 days.Harmony Gold Mining Co. Ltd. (HMY) saw a roughly 20% surge in all-in-sustaining costs (AISC) to$ 1,806 per ounce (oz) in the fiscal 2025 (ended June 30, 2025). Total cash operating costs also climbed 19% year ...