Outpacing the modest 0.70% rise in the price of gold so far today, shares of Harmony Gold Mining (NYSE: HMY) are looking a lot more lustrous in investors' eyes. Shares of the South African gold miner were up 9.9% as of 12:37 p.m. EST on Thursday. Reporting gold production of 413,714 ounces in the first quarter of 2022, Harmony achieved a 32% year-over-year increase thanks to higher gold grades and metric tons milled, which contributed to improved production at several sites.
Harmony's (HMY) fiscal 2021 results benefit from increase in gold production and average gold prices.
Equities and assets have significantly increased over the past year, but this run could be on the first leg, and gold might just emerge as one of the biggest winners