Harmony Gold is targeting its first copper production from the Eva Copper project in Queensland, Australia, by 2028.

Alongside this, Harmony has reported a 132% surge in headline earnings, with a record 12.7 billion rand ($715.2 million) in operating free cash flows. Despite this financial success and the announcement of a dividend increase, the company’s stock dipped due to forecasts of lower gold output for the coming year.

However, Harmony remains bullish on its long-term plans, with copper and its core gold operations, such as Moab Khotsong and Mponeng mines, leading the charge.