Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 78.7th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.81), demonstrating pricing resilience across cycles.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.30), raising questions about short-term obligations.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Harmony Gold Mining Company Lim ranks #14 of 49
scored companies in Gold by moat score — the top 29%.
The widest moat in the group is Agnico Eagle Mines Limited (AEM)
at 78/100.
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 63
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 71
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 74
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 58
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 45
· 15% of the moat score
Scale matters only when it converts into economics.
What is Harmony Gold Mining Company Lim's moat score?
Harmony Gold Mining Company Lim (HMY) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #14 of 49 scored companies in Gold, the top 29%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Capital Efficiency (74/100) and its weakest is Scale & Market Position (45/100).
How does Harmony Gold Mining Company Lim compare with other Gold companies?
Harmony Gold Mining Company Lim ranks #14 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are Orla Mining Ltd. (ORLA) at 64 just above it and Fortuna Mining Corp. (FSM) at 60 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.
Why is Harmony Gold Mining Company Lim scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Harmony Gold Mining Company Lim?
The Corporate Default template measures 6 defenses, and HMY scores: Pricing Power (57), Cost Advantage (63), Customer Stickiness (71), Capital Efficiency (74), Resilience (58), Scale & Market Position (45). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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