Barrick Mining Corporation (NYSE:B) will release earnings results for the third quarter before the opening bell on Monday, Nov. 10.Analysts expect the Toronto, Canada-based company to report quarterly earnings at 61 cents per share. That's up from 30 cents per share in the year-ago period. The consensus estimate for Barrick Mining's quarterly revenue is $4.36 billion, compared to $3.37 billion a year earlier, according to data from Benzinga Pro.On Friday, Barrick Mining announced that it has completed the d ...

Core Viewpoint - Barrick Mining Corporation's shares have increased by 41% in the last three months, driven by record gold prices amid economic and geopolitical uncertainties [1][16] Group 1: Stock Performance - Barrick has outperformed the Zacks Mining – Gold industry's increase of 19.1% and the S&P 500's rise of 8.9% in the same period [2] - The stock broke above its 50-day simple moving average (SMA) on May 30, 2025, and is currently trading above its 200-day SMA, indicating a long-term uptrend [5] Group 2: Growth Projects - Barrick is advancing key growth projects, including Goldrush, Pueblo Viejo plant expansion, Fourmile, Lumwana Super Pit, and Reko Diq, which are expected to significantly boost production [9] - The Goldrush mine aims for 400,000 ounces of production per annum by 2028, while the Reko Diq project is designed to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second phase [10] Group 3: Financial Position - Barrick has a strong liquidity position with cash and cash equivalents of approximately $4.8 billion and generated operating cash flows of around $1.3 billion in the second quarter, a 15% year-over-year increase [12] - The company returned $1.2 billion to shareholders in 2024 through dividends and repurchases, with a new share repurchase program authorized for up to $1 billion [13] Group 4: Gold Prices and Profitability - Gold prices have surged approximately 52% this year, reaching over $4,000 per ton, driven by geopolitical tensions and central bank purchases [16] - Higher gold prices are expected to enhance Barrick's profit margins and free cash flow generation [14] Group 5: Cost Challenges - Barrick faces challenges from rising production costs, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing by around 17% and 12% year-over-year, respectively [18] - For 2025, Barrick projects total cash costs per ounce of $1,050-$1,130 and AISC in the range of $1,460-$1,560, indicating a year-over-year increase [19] Group 6: Production Outlook - The company expects attributable gold production of 3.15-3.5 million ounces for full-year 2025, a decline from 3.91 million ounces in 2024, primarily due to the suspension of operations at the Loulo-Gounkoto mine [20] Group 7: Earnings Estimates - Earnings estimates for Barrick have been revised upward, with the Zacks Consensus Estimate for 2025 and 2026 indicating year-over-year increases of 69.8% and 36.2%, respectively [21] Group 8: Valuation - Barrick's stock is trading at a forward price/earnings ratio of 11.7X, which is a discount to the industry's average of 12.35X [23]

Core Points - Barrick Mining Corporation has completed the divestiture of the Alturas Project in Chile to Boroo Pte. Ltd for an upfront cash payment of $50 million [1] - Barrick will receive a 0.5% net smelter return royalty on gold and silver produced from the Project, which will cease once 2 million ounces of gold and gold-equivalent have been produced [1] - Boroo has the option to repurchase the royalty within four years from closing for $10 million [1] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets [2] - The company operates in 18 countries across five continents and is the largest gold producer in the United States [2] - Barrick aims to create long-term value for stakeholders through responsible mining and a disciplined growth approach [2]

Core Insights - Gold has experienced a significant increase of approximately 50% in 2025, marking its best performance since 1979 [1] Group 1: Market Performance - The current gold market is undergoing a consolidation phase similar to that observed at the end of the third quarter in 1979 [1]

Core Insights - Gold has experienced a significant increase of approximately 50% in 2025, marking its best performance since 1979 [1] Group 1: Market Performance - The current gold market is undergoing a consolidation phase similar to that observed at the end of the third quarter in 1979 [1]

Core Insights - Barrick Mining Corporation is expected to report third-quarter 2025 results on November 10, with anticipated earnings reflecting higher gold prices and strong production despite cost pressures [1][8] - The consensus estimate for earnings is 57 cents per share, indicating an 83.9% year-over-year increase [1] Earnings Performance - Barrick has beaten the Zacks Consensus Estimate for earnings in two of the last four quarters, with an average earnings surprise of approximately 6.7% [4] - The company has an Earnings ESP of +3.06% and a Zacks Rank of 3 (Hold), suggesting a potential earnings beat [6] Factors Influencing Q3 Results - Higher gold prices, driven by safe-haven demand amid global trade tensions and economic uncertainties, are expected to support Barrick's performance [7][9] - Gold prices increased nearly 17% in the third quarter and have surged approximately 52% year-to-date [9] - Barrick's production is projected to reach 858,000 ounces in the upcoming quarter, reflecting a 7% sequential increase [10] Cost Considerations - Year-over-year production costs are anticipated to impact Barrick's third-quarter results, with cash costs per ounce and all-in-sustaining costs (AISC) rising approximately 17% and 12%, respectively, in the previous quarter [11] - For 2025, Barrick expects total cash costs per ounce to be between $1,050 and $1,130, and AISC to range from $1,460 to $1,560, indicating a year-over-year increase [12] Stock Performance and Valuation - Barrick's shares have increased by 77.4% over the past year, outperforming the Zacks Mining – Gold industry's 72.8% rise [13] - The stock is currently trading at a forward 12-month earnings multiple of 11.71, slightly below the industry average of 11.9 [16] Investment Outlook - Barrick is positioned to benefit from key growth projects that are on schedule and within budget, contributing to future production [17] - The company maintains a strong liquidity position and healthy cash flows, enabling it to pursue development and acquisition opportunities [18] - Despite challenges from rising costs, the favorable gold market conditions are expected to enhance profitability and cash flow generation [20]

Core Viewpoint - Barrick Mining Corporation is considered one of the best stocks to buy and hold for the next decade, with recent price target increases from major analysts indicating positive sentiment towards the company's future performance [1][2][3]. Price Target Adjustments - UBS raised Barrick Mining's price target to $39 from $35 while maintaining a Buy rating [1]. - BofA Securities analyst increased the price target to $38 from $36, with a Neutral rating, as part of a broader adjustment in North American precious metals coverage, which saw an average increase of 16% [2]. - National Bank analyst maintained a Buy rating with a price target of C$65.00 [3]. Commodity Price Forecasts - The adjustments in price targets are driven by higher forecasts for gold and silver prices, with projections of gold reaching $5,000 per ounce and silver hitting $65 per ounce [2]. Company Overview - Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [3].

Group 1 - Spot gold prices returned to the $4,000 mark, increasing by over 2% during the day [1] - Several U.S. gold stocks experienced a rebound, with Newmont Corporation (NEM.US) rising over 2.8%, Agnico Eagle Mines (AEM.US) increasing by over 3%, and Kinross Gold (KGC.US) and Barrick Gold (B.US) both gaining over 2% [1]

Core Insights - The article discusses the phenomenon of backwardation in gold and silver markets, indicating potential market instability and concerns about the reliability of futures markets [4][5][8] - It highlights the historical context of currency debasement and its implications for gold as a store of value, suggesting that current economic conditions may lead to a revaluation of the US dollar [9][12][11] - The article identifies potential investment opportunities in physical gold and related ETFs, while cautioning against those focused on futures contracts due to increased risks [13][16] Backwardation and Market Dynamics - Backwardation occurs when spot prices exceed futures prices, signaling bullish sentiment for physical commodities but bearish sentiment for derivatives [4][6] - Recent backwardation in gold and silver markets is noted as a significant event, with gold entering backwardation for only the ninth time since 1972, raising concerns about future economic stability [7][8] - The article connects backwardation to broader economic issues, including inflation and currency debasement, which have led to increased demand for physical gold [5][12] Historical Context and Currency Debasement - Historical examples of currency debasement are provided, illustrating the long-term consequences of such actions on economies and currencies [10][11] - The article references the BRICS coalition's efforts towards de-dollarization, which may further impact the US dollar's status as a reserve currency [14] - It discusses the implications of central banks accumulating gold, surpassing their holdings of US Treasuries for the first time since 1996, indicating a shift in global monetary policy [14] Investment Opportunities - The article suggests that investors may find safer options in stocks and ETFs that hold or mine physical gold, as opposed to those dealing primarily with futures contracts [13][15] - Specific companies and ETFs are mentioned as potential investment vehicles, including Newmont Corporation, Barrick Mining Corp, and various gold ETFs [15] - The article emphasizes the importance of being cautious with ETFs that engage in futures trading due to heightened risks associated with market volatility [16][17]

Core Points - Spot gold prices fell below $4000, leading to a decline in U.S. gold stocks [1] - Major gold mining companies experienced significant stock drops, with Gold Fields (GFI.US) down over 9%, AngloGold Ashanti (AU.US) down over 7.8%, Newmont Corporation (NEM.US) down over 6.8%, Coeur Mining (CDE.US) down over 8.9%, Agnico Eagle Mines (AEM.US) down over 6%, and Barrick Gold (B.US) down over 3.8% [1] Economic Context - U.S. and China trade teams concluded a two-day discussion in Kuala Lumpur, focusing on key economic issues such as U.S. maritime logistics and shipbuilding industry measures, extension of tariff suspension, fentanyl tariffs and enforcement cooperation, agricultural trade, and export controls [1] - The discussions were characterized as candid, in-depth, and constructive, with both sides reaching a basic consensus on addressing mutual concerns [1] - The outcomes of the talks received positive evaluations from various parties involved [1]