Why Harmony Gold Mining Company Limited (HMY) Crashed On Friday

From Yahoo Finance: 2025-06-07 15:07:00

Harmony Gold Mining Company Limited (HMY) saw its stock prices drop by 5.27% on Friday to $14.56 per share due to the reported death of a mine worker, raising concerns about safety regulations and strategy to achieve zero harm.

The company released a statement expressing regret over the incident at its Joel mine, emphasizing their commitment to achieving zero harm since 2016 and successfully achieving six months of death-free shifts.

Despite ranking 4th on the list of worst-performing stocks, Harmony Gold Mining Company Limited (HMY) believes in the potential for zero loss of life and continues to focus on safety improvements. Investors are urged to consider other AI stocks for higher returns and lower risks.

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