Metals One PLC plans to take full ownership of South Africa's Lions Bay Resources, prompting a broker to set a 6.1p price target for its shares, a 360% premium over the current price. The valuation is driven mainly by the Barbrook Gold Mine, modeled to produce nearly 1 million ounces of gold over 20 years at a high gold price assumption. The deal also includes the KC Energy Cogeneration Power Plant, adding significant value. However, risks remain due to pending regulatory approvals, ongoing legal challenges, and the mine's business rescue status since 2016. The appointment of former Harmony Gold CEO Graham Briggs as non-executive chair adds credibility to the project.
Harmony Gold Mining Co. (HMY) trades at USD 15.90 on Pluang as of Oct 23, 2026 22:41 WIB, down 1.91% in the last day. The stock's market cap stands at $10.32 billion with a dividend yield of 4.81%. This trading context provides a backdrop to Metals One's strategic moves involving the Barbrook Gold Mine and the appointment of a former Harmony Gold CEO, highlighting ongoing investor interest in related gold assets.
