Today we review Harmony Gold Mining for you. What does it offer you as an investor? Are there better alternatives for you? This is just a few of many questions we help you answer in this review!
Name of the company: Harmony Gold Mining
Official Website URL: https://www.harmony.co.za
CEO: Peter Steenkamp
Products: Gold, Gold stocks
Responsible stewardship has long been known to positively influence the productivity of a company, as well as the impression that it has on the general public. People are usually swayed into doing business with firms that uphold such value. Does Harmony Gold Mining uphold this value? Let us find out more about this, by analyzing the following issues about this company:
– What is Harmony Gold Mining?
– How does it manage its operations?
– What products does Harmony Gold?
– Is it genuine?
– Are there any investment opportunities you can rely on?
– Which are the best investment alternatives to what Harmony Gold offers?
– What are its outstanding pros and cons?
What is Harmony Gold Mining?
Harmony Gold is the third-largest gold production company in South Africa, a country that is popular for its wealth of large gold reserves. This company is headquartered at Melrose Arch, in South Africa, from where it runs a number of activities that are meant to provide value to shareholders and other stakeholders.
Following Harmony Gold’s acquisition of Moab Khostong early in 2018, it now has 9 underground mines, one open-pit mine, as well as a couple of surface operations that are ran in South Africa. By the end of 2018, this company has a total of 40 686 under its payroll scheme, all distributed across the mines located in South Africa and Papua New Guinea. These employees are usually drawn from communities that live close to the mines, with some more being brought in from other countries to offer expertise in specific areas. The operations undertaken in South Africa account for the largest percentage of the total gold production, with this figure being as high as 91% in 2017.
How it works
Harmony Gold’s operations are based in South Africa and Papua New Guinea. The projects in its pipeline in South Africa include:
– Target 1
– Moab Khotsong
– Kalgold Open pit
– Surface Dumps
– Phoenix Surface Operations
Harmony Gold’s operations in Papua New Guinea are mainly based in Hidden Valley Mines. At the Wafi-Golpu mine which is a lucrative copper-gold project, this company has a 50% interest. Outside these mining operations, Harmony Gold runs its own exploration portfolio that principally focuses on very high potential areas in Papua New Guinea.
Harmony Gold operations are very valuable in the precious metal arena, where customers get to purchase several hundred thousand ounces of gold on an annual basis. This company also produces copper, whose demand in several industries is quite high.
Harmony Gold’s reputation is also attributed to the stocks that it offers to investors. This company has shares whose performance is attached to its overall financial performance, as well as the potential of its exploration projects. This company’s stocks are offered in the following stock exchange:
– Johannesburg Stock Exchange – trades under the ticker HMY
Is it a genuine company?
Harmony Gold Mining is a genuine company. It operates in two nations, and this to a great extent minimizes the chances of this company getting away with any illegal activities. Besides that, this company has very influential top executive directors who are well known in the realm of precious metal mining. The top leaders in this company include:
– Peter Steenkamp – CEO
– Frank Abbott- Financial Director
– Harry Ephraim Mashego- Executive Director, Stakeholder Relations and Corporate Affairs
– Phillip Tobias – COO, New Business Development
– Beyers Nel – COO, South Africa Operations
– Johannes Van Heerden – CEO- South-East Asia
If you are interested in verifying whether Harmony Gold’s stocks are actually existent, you can access the data availed on Yahoo Finance and Bloomberg. All this data leads to the conclusion that this company is genuine and is offering products that you can actually rely on.
If you are out to make an income through investing in stocks, then Harmony Gold is a choice that you can work with. This company offers its stocks through JSE for all who are interested to purchase and investment with them as they please.
Alternatives to Harmony Gold Mining
If you are keen on following through news and trends about stocks, you can agree with me that relying on stocks to grow your wealth is a gamble in itself. You can either win big or even lose all your hard-earned money if the market forces work against you. Some of the most affluent investors can attest to the fact that having stable assets in your portfolio will always lead to you being more successful than those people who rely on unstable assets, more so over long time horizons.
Which is also the main reason I would recommend that instead of relying on gold stocks to build your wealth that you might want to settle on physical gold? Owing to the very costly production process and the very costly exploration processes, gold continues to be a rare asset. It also continues to be a very stable asset that is actually used to hedge against major losses arising from currency fluctuations. You can greatly benefit from owning your gold IRA account through a company such as GOLDCO. This company will present to you numerous of benefits, with its excellent customer service being the main one to enjoy.
If you however still perceive investing in mining stocks as a perfect approach to making investment income, you can at least make it a sure venture by relying on the very invaluable Resource Insider, which avails very accurate tips on which mining and energy stocks are very promising. This way, you can invest like a mining magnate and reap maximally with the private placements.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It can be smart to compare the positive sides against the negative ones before you make any investment decisions about something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Has many projects in its pipeline
– Ran by experienced executive directors
– Supports local communities and also employs people from the international community.
– Has very huge annual revenues
– Gold stocks are not very reliable
– Has several cases of miners’ accidents
Do You Own or represent Harmony Gold Mining?
If you are a representative, or associate of Harmony Gold Mining and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (3.2 / 5)
Ok, I think that sums up the overall view of Harmony Gold Mining pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Harmony Gold Mining to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com