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Harmony Gold Mining Company Ltd. (HMY) Faces Challenges With CSA Copper Mine
Harmony Gold Mining Company Ltd. (HMY) Faces Challenges With CSA Copper Mine
Neha Gupta
Thu, February 19, 2026 at 5:43 PM GMT+9 2 min read
In this article:
HMY
+1.82%
HGMCF
0.00%
GC=F
+0.45%
MTAL
Harmony Gold Mining Company Ltd (NYSE:HMY) is one of the best stocks to buy and hold for the next 6 months. On February 9, Harmony Gold Mining Company Ltd (NYSE:HMY) confirmed that its newly acquired CSA Copper Mine in Australia requires a capital injection and a strategic rethink.
Harmony Gold Mining Company Ltd. (HMY) Faces Challenges With CSA Copper Mine
Copyright: tomas1111 / 123RF Stock Photo
The company took over the CSA mine in New South Wales last October by acquiring Mac Copper in a deal worth $1.03 billion. The acquisition is part of the company’s push to diversify into copper, as gold mining in South Africa becomes extremely costly due to the depth of the country’s mines.
Under Mac Copper, CSA Copper Mine produced 40,000 metric tons of copper per year. However, it is still unclear if it can maintain or increase the output.
Harmony Gold also owns Eva Copper in Queensland, Australia, and is a joint owner with Newmont of Wafi-Golpu, a gold-copper project in Papua New Guinea.
Harmony Gold Mining Company Ltd. (NYSE:HMY) is a major, experienced gold producer and specialist with extensive operations in South Africa and Papua New Guinea, and a growing copper portfolio in Australia. It manages the full mining life cycle, including exploration, development, and operation of underground and surface mines, while being a leader in gold tailings retreatment.
While we acknowledge the potential of HMY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best High Return Penny Stocks to Buy Right Now and 10 High-Growth Low PE Stocks to Buy Now.
Disclosure: None. This article is originally published at Insider Monkey.
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