Key Takeaways Gold's surge above $4,000 per ton has lifted both Barrick and Newmont shares sharply this year.Barrick advances key projects like Goldrush and Lumwana while maintaining solid cash flow.Newmont grows through Newcrest integration, project expansion and strategic divestitures.Barrick Mining Corporation (B) and Newmont Corporation (NEM) are two of the biggest gold mining companies on the planet, each with extensive operations across multiple continents and diversified portfolios. With gold prices ...

智通财经APP获悉，在周二黄金大幅跳水后，上个月从追踪黄金矿业巨头的最大ETF中撤出6.69亿美元资金的投资者如今看起来显得格外聪明。数据显示， 在现货黄金周二重挫6.3%、创逾12年来最大单日跌幅之后，追踪黄金矿商的VanEck黄金矿业ETF周二暴跌9.4%，创下自2020年3月以来的最大单日跌幅。 其中，纽曼矿业(NEM.US)、Agnico Eagle Mines和Barrick Mining(B.US)均跌超9%，纽曼矿业与Agnico Eagle Mines周二一天就回吐了过去逾一周的涨幅， Barrick Mining更是回吐了过去一个月的涨幅。 市场此前已有大量警告称，黄金价格的上涨已严重脱离基本面现实。对于黄金矿企而言，情况尤为夸张，它们今年的股价涨幅几乎是金价本身的两倍。 Fiera Capital Corp.投资组合经理Candice Bangsund表示："黄金板块的涨势，尤其是大型矿企，可能涨得太快太多了，尤其考虑到金价的涨幅只有其一半。" 这一观点在华尔街得到广泛认同，不过，在强劲上涨后准确把握回调时点同样风险巨大。市场专业人士称，这种情形可能是牛市中的"喷射顶"(blow-off ...

作为巴里克矿业最重要的资产之一，Loulo-Gounkoto金矿在2024年曾贡献723,000盎司黄金产量，但由于 政府接管导致巴里克未能借今年金价历史级上涨充分获利。 巴里克与马里政府间的纠纷可追溯至2023年，主要涉及补缴税款争议及新采矿法问题，尽管同行业其他 企业如联合黄金公司和B2Gold已通过与政府协商解决类似争议，但巴里克的问题直至近期才取得进 展。 值得关注的是，周二，巴里克股价收跌9.3%，随贵金属板块全线走低，因黄金期货创下有史以来最大 单日美元跌幅。 智通财经APP获悉，据报道，在政府管理人员于今年6月接管该矿后，巴里克矿业(B.US)位于马里的 Loulo-Gounkoto金矿终于结束九个多月的停摆，于上周晚些时候首次恢复生产。 此次生产重启源于双方达成协议，重新开始向承包商支付款项——自今年1月巴里克关闭该金矿综合设 施以来，相关款项支付一直处于暂停状态。 ...

智通财经APP获悉，周二，现货黄金一度下跌5.4%，创下2020年8月以来的最大跌幅。黄金概念股大 跌，科尔黛伦矿业(CDE.US)大跌近17%，哈莫尼黄金(HMY.US)大跌11%，纽曼矿业(NEM.US)跌逾9%， Barrick Mining(B.US)跌近9%。 ...

智通财经APP获悉，周一，现货黄金突破4340美元/盎司，日内涨超2%，2倍做多黄金ETF涨超5%，黄 金概念股涨幅持续扩大，截至发稿，科尔黛伦矿业(CDE.US)涨超5.3%，纽曼矿业(NEM.US)涨超3%， Barrick Mining(B.US)涨超3.6%，哈莫尼黄金(HMY.US)涨0.9%。 ...

Core Viewpoint - Gold prices have increased over 65% year-to-date, reaching nearly $4,350 per ounce, driven by investor demand amid inflation and economic uncertainty [1] Group 1: Investment Sentiment - Central banks and investors are increasingly turning to gold as a safe-haven asset due to persistent inflation, macroeconomic risks, trade wars, and stock market volatility [1] - Analysts and hedge fund founders are recommending significant allocations to gold, with suggestions ranging from 5% to 20% of investment portfolios [5][6][7] Group 2: Warren Buffett's Perspective - Warren Buffett has historically expressed skepticism about gold as a long-term investment, citing its lack of cash flow and value generation [2][8] - Despite his previous criticisms, Buffett made a notable investment in Barrick Gold during Q2 2020, which he later offloaded by Q4 2020, indicating a short-term trading strategy rather than a long-term commitment [4] Group 3: Future Price Predictions - Analysts predict that gold prices could reach $5,000 per ounce by 2026, with some noting a correlation between gold and bitcoin as decentralized store of value assets [7]

Gold has been an important asset for thousands of years, and it has demonstrated an amazing ability to preserve its value.I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong fundamentals and growth potential, 2) large cap companies going ...

Summary of North American Metals & Mining Conference Call Industry Overview - **Industry**: North American Precious Metals - **Key Commodities**: Gold and Silver Core Insights and Arguments 1. **Price Forecasts**: - Gold is projected to reach **$5,000/oz** and silver to **$65/oz** in the next 12-18 months, with 2026 average forecasts for gold raised by **18%** to **$4,329/oz** and silver by **29%** to **$54.88/oz** [1][10][11] - Investment demand for gold is expected to increase by **14%** in 2026, similar to the current year [2] 2. **Market Dynamics**: - Key conditions supporting gold price strength include: - US structural deficit - Inflationary pressures from deglobalization - Threats to the independence of the US central bank - Ongoing global geopolitical tensions [1] 3. **Investment Trends**: - ETF purchases of gold surged by **880% YoY** in September, reaching an all-time high of **$14 billion** [2] - Total physical and paper gold investment has nearly doubled, exceeding **5%** of global equity and fixed income markets [2] 4. **Risks to Monitor**: - Supreme Court ruling on President Trump's tariffs - Potential hawkish pivot from the Federal Reserve if economic data improves - Outcomes of the US mid-term elections affecting economic policy implementation [2] Company-Specific Updates 1. **Net Asset Value (NAV) and Price Objectives (PO)**: - NAV estimates for North American Precious Metals coverage increased by **10%**, with average POs raised by **16%** [3][19] - IAMGOLD (IAG) saw the largest PO increase of **49%** to **$16.75** per share, reflecting improved jurisdictional risk [3][15] - SSR Mining (SSRM) PO raised by **41%** to **$18.00** per share, despite an Underperform rating due to uncertainties regarding Çöpler mine [3][15] 2. **Top Picks**: - Agnico Eagle Mines (AEM) is highlighted as the top pick due to its strong track record and growth projects [4] - Pan American Silver (PAAS) is favored for balanced exposure to silver and gold [4] 3. **EBITDA Revisions**: - Average EBITDA estimates for 2026 and 2027 increased by **25%** and **18%**, respectively, driven by revised commodity price forecasts [20] 4. **Valuation Multiples**: - Target multiples for IAMGOLD and SSR Mining adjusted to **1.60x** and **1.00x**, respectively, reflecting improved performance and market conditions [15][16] Additional Important Information - The report indicates potential conflicts of interest due to BofA Securities' business relationships with covered issuers [6] - The document includes various disclosures and certifications relevant to the research [5][6] This summary encapsulates the key points from the conference call, focusing on industry trends, company-specific updates, and potential investment opportunities and risks.

Core Viewpoint - Barrick Mining Corporation is positioned as a strong investment opportunity as gold prices rise, highlighted by its recent agreement to sell its stake in the Tongon gold mine for up to $305 million [1][2]. Group 1: Transaction Details - Barrick agreed to sell its interest in the Tongon gold mine and associated exploration properties in Côte d'Ivoire to Atlantic Group for up to $305 million, with an initial cash payment of $192 million [1]. - The deal includes a repayment of a $23 million shareholder loan due within six months after the transaction closes, along with contingent payments of up to $113 million over the next five years, contingent on gold prices and resource conversions [1]. - The transaction is expected to close by the end of 2025, pending regulatory approvals from the Ivorian government and other customary closing conditions [1]. Group 2: Ownership Structure - Following the transaction, Atlantic Group will become the full owner of the Tongon mine, which has been operational since 2010 [2]. - Prior to the sale, Barrick held an 89.7% stake in the Tongon mine, while the Ivorian government owned 10% and local investors held approximately 0.3% [2]. Group 3: Company Overview - Barrick Mining Corporation, formerly known as Barrick Gold Corporation until May 2025, is a Canadian mining company focused on acquiring, exploring, developing, and operating gold and copper properties [3]. - The company primarily operates through its Nevada Gold Mines joint venture in the United States, the Pueblo Viejo mine in the Dominican Republic, and the Loulo-Gounkoto and Kibali mines in Africa [3]. - Barrick's main products include gold bullion and copper concentrate, extracted from both open-pit and underground mining operations [3].

Barrick Mining Corporation (NYSE:B) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On October 9, Freedom Capital Markets increased its price target on Barrick Mining Corporation (NYSE:B) from $20.50 to $42.00 while keeping a Buy rating. The investment firm noted that Barrick Mining Corporation (NYSE:B) is strategically moving from a pure-play gold producer to becoming a leader in precious metals and copper Freedom Capital Raises Barrick Mining (B) PT, Keeps Buy Rating Freedom Capital ...