Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited remains a long-term value Buy, as it continues its transition from a pure gold play to a dual copper/gold play. Key copper focused expansion projects continue project advancement, as Eva Copper advances to early construction, and CSA continues to ramp up production and optimization. FY 2026 cash generation surged by around 50%, enough to comfortably fund immense increases in capital expenditure.

Harmony successfully diversified its revenue stream through significant copper acquisitions during 2026. Operational safety incidents continue to pose a risk to long-term site stability.

Pretoria, South Africa--(Newsfile Corp. - October 22, 2026) - Lions Bay Resources Proprietary Limited ("LBR" or the "Company") has entered into a binding term sheet (the "Term Sheet") with its shareholders pursuant to which Metals One Plc (AIM: MET1) (OTCQB: MTOPF) would acquire the interests in LBR that it does not already own. On completion, LBR would become a wholly owned subsidiary of London Stock Exchange AIM-listed Metals One.

Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, has agreed to acquire full ownership of South African gold and power business Lions Bay Resources for £6.5 million in shares, and is bringing in the former chief executive of Harmony Gold (NYSE:HMY) as chair. In a two-stage deal, the company intends to exercise its existing option to lift its stake in LBR from 30% to 49.99%, then buy the remaining 50.01% from Lions Bay Capital (LBI) and Salamander Consulting.