As Gold Surges Again, This Miner's Profit Jumped Nearly 90%. Its CEO Says the Real Payoff Comes After 2030

Harmony Gold reported its best fiscal year ever, but management cautioned that the fundamental payoff is not expected to materialize until after 2030. The article frames the outperformance as partially driven by gold price tailwinds, and highlights weaker durability of results once the gold-price effect is stripped out. Net takeaway: solid recent performance with a long-dated, execution-dependent path to the real upside.