Harmony Gold Approves Golpu Project Development

TL;DR

Harmony Gold greenlights Golpu project in PNG after securing mining license.

AI Summary

Harmony Gold Mining Company Limited announced on November 24, 2025, that it has approved the development of the high-margin, long-life Golpu project. This decision follows the receipt of a mining license from the Papua New Guinea government, a crucial step for the project's progression.

Why It Matters

The approval of the Golpu project signifies a major step forward for Harmony Gold, potentially unlocking significant future revenue and production from a high-grade resource.

Risk Assessment

Risk Level: medium — The Golpu project involves significant capital expenditure and faces operational and regulatory risks inherent in large-scale mining developments.

Key Players & Entities

• Harmony Gold Mining Company Limited (company) — Filer of the report and developer of the Golpu project
• Golpu project (project) — Newly approved high-margin, long-life development
• Papua New Guinea (location) — Location of the Golpu project and source of the mining license

FAQ

Key Financial Figures

• $1.55 billion — ital Project capital is estimated at US$1.55 billion (AUD2.3 billion) to US$1.75 billion (AU
• $1.75 billion — t US$1.55 billion (AUD2.3 billion) to US$1.75 billion (AUD2.6 billion), expressed in real ter
• $26 — ve capital intensity of approximately US$26 000 to US$29 000 per tonne of copper pr
• $29 — tensity of approximately US$26 000 to US$29 000 per tonne of copper produced, reinf
• $4.25 — ices evolve 2. Gold equivalent using US$4.25lb copper price US$2 237oz gold, 100% re
• $2 — uivalent using US$4.25lb copper price US$2 237oz gold, 100% recovery of all metals

Filing Documents

• sens-harmonyapproveshighxm.htm (6-K) — 94KB
• 0001628280-25-053704.txt ( ) — 95KB

Forward-looking statements

Forward-looking statements This announcement contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), with respect to our financial condition, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters. These forward-looking statements, including, among others, those relating to our future business prospects, revenues, and the potential benefit of acquisitions (including statements regarding growth and cost savings) wherever they may occur in this announcement, are necessarily estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in our integrated annual report. All statements other than statements of historical facts included in this announcement may be forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation overall economic and business conditions in South Africa, Papua New Guinea, Australia and elsewhere the impact from, and measures taken to address, Covid-19 and other contagious diseases, such as HIV and tuberculosis high and

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Harmony Gold Mining Company Limited Date November 24, 2025 By s Boipelo Lekubo Name Boipelo Lekubo Title Financial Director 12

View Full Filing

View this 6-K filing on SEC EDGAR