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Harmony Gold Half-Year Profit Rises 13%, Dividend up

Reuters13:14

March 11 (Reuters) - South Africa's Harmony ​Gold on Wednesday said its half-year ‌profit rose 13% on the back of higher bullion prices, helping the ​miner boost its dividend.

Harmony's headline ​earnings per share came in at ⁠14.31 rand ($0.8827) in the six months ​to December 31, from 12.70 rand ​previously.

The biggest gold producer in South Africa declared an interim dividend of 5.30 rand ​per share, up from 2.27 ​rand previously, making a record payment of ‌3.38 ⁠billion rand.

The price of gold soared by about 60% in 2025, driven by geopolitical and economic uncertainty, expectations ​of ​U.S. interest ⁠rate cuts, and increased purchases by central banks amid ​a global de-dollarization trend.

This ​year ⁠has seen further momentum, with gold prices gaining almost 30% to a ⁠record ​high near $5,600 an ounce ​at the end of January.

($1 = 16.2118 rand)

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