Harmony’s free cash flow rockets 54% to record R17bn

The operating free cash flow of gold and copper mining company Harmony increased by 54% to a record R17 148-million on higher average gold price received and copper sales from the CSA mine following the acquisition of MAC Copper. This has enabled the Johannesburg Stock Exchange-listed Harmony to declare a record final dividend of R4.8-billion, lifting the full-year dividend to R8.2-billion, a yield of about 3.5%.

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