Harmony Gold's profit jumps 87% as gold prices soar, but CEO eyes bigger gains post-2030.

Harmony Gold reported a record fiscal year 2026 with earnings up 87% to $1.61 billion, driven mainly by a 35% rise in gold prices. Despite a 3% drop in gold production and rising costs, the company generated strong cash flow and returned significant dividends. CEO Beyers Nel emphasized that the real financial benefits are expected after 2030, focusing on cost reductions and margin improvements. Investors should watch operational execution and cost control in the coming years as the company bridges to its long-term growth vision.