Harmony (HMY) Acquires MAC Copper for AU$1.08B to Diversify Into Copper [Yahoo! Finance]
Harmony Gold Mining Company Limited (HMY)
US:NYSE Investor Relations:
harmony.co.za/investors
Company Research
Source: Yahoo! Finance
rallies . On October 6, the company acquired MAC Copper Limited via a Jersey law scheme of arrangement. The company's Australian subsidiary (Harmony Gold (Australia) Pty Ltd) is the buyer. The transaction is valued at approximately AU$1.08 billion, a 20% premium to MAC's recent share price. Harmony Gold will purchase 100% of MAC Copper's issued share capital for AU$12.25 per share in cash. Harmony (HMY) Acquires MAC Copper for AU$1.08B to Diversify Into Copper MAC Copper's principal asset is the high-grade, underground CSA Copper Mine in New South Wales, Australia. It produced about 41,000 metric tons of copper in 2024 and is considered one of Australia's highest-grade copper mines. The acquisition is a major step in Harmony's diversification away from gold. The company's analysis shows that copper is increasingly vital for global electrification, renewable energy, and decarbonization efforts. According to Harmony CEO Beyers Nel, copper brings a counter-cyclical diversification
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HMY
News
- Harmony Gold Mining (NYSE:HMY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "strong-buy" rating.MarketBeat
- Harmony Gold Mining (NYSE:HMY) was upgraded by analysts at Investec to a "hold" rating.MarketBeat
- Harmony Gold Mining (NYSE:HMY) was upgraded by analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating.MarketBeat
- MAC Copper Limited Announces Court Sanctions Scheme with Harmony [Yahoo! Finance]Yahoo! Finance
- Harmony Gold Mining (NYSE:HMY) was upgraded by analysts at HSBC Holdings plc from a "reduce" rating to a "buy" rating.MarketBeat
HMY
Sec Filings
- 11/26/25 - Form 6-K
- 11/24/25 - Form 6-K
- 11/12/25 - Form SCHEDULE
- HMY's page on the SEC website