Core Insights - Barrick Mining (B) and Triple Flag Precious Metals (TFPM) are compared for investment value opportunities [1] - Barrick Mining has a stronger earnings estimate revision trend, reflected in its Zacks Rank of 2 (Buy), while TFPM holds a Zacks Rank of 3 (Hold) [3] Valuation Metrics - Barrick Mining has a forward P/E ratio of 11.05, significantly lower than TFPM's forward P/E of 28.62 [5] - Barrick Mining's PEG ratio is 0.34, indicating better value relative to its expected earnings growth, compared to TFPM's PEG ratio of 1.08 [5] - Barrick Mining's P/B ratio stands at 1.09, while TFPM's P/B ratio is 2.69, further highlighting Barrick's superior valuation metrics [6] Value Grades - Barrick Mining has earned a Value grade of A, whereas Triple Flag Precious Metals has a Value grade of D, indicating Barrick's stronger position in terms of value investment [6]

Core Insights - Barrick Mining Corporation is advancing a $2 billion Super Pit Expansion Project at its Lumwana mine, aiming to transform it into a Tier One copper mine, which is crucial for both its global copper portfolio and Zambia's development strategy [1][8] Group 1: Project Details - The Super Pit expansion will double the current processing circuit's throughput and significantly increase mining volumes, potentially positioning Lumwana as a top-25 copper producer [2] - The project will increase Lumwana's copper output to 240,000 tons annually, supported by a new processing plant with a capacity of 50 million tons per year [3] - Infrastructure improvements, including a new power transmission system in collaboration with ZESCO, are underway to benefit both the mine and the surrounding region [3] Group 2: Strategic Context - Barrick is entangled in a dispute with the Malian government regarding the economic benefits from its Loulo-Gounkoto gold mine complex, yet it remains on track with other high-return growth projects [4] - The disciplined strategy of Barrick could reshape its production profile over the next decade, enhancing diversification and free cash flow if executed on schedule and within budget [4] Group 3: Market Performance - Barrick's shares have increased by 37% year to date, compared to a 53% rise in the Zacks Mining – Gold industry, driven by a rally in gold prices [7] - The company is currently trading at a forward 12-month earnings multiple of 9.8, which is approximately 22.3% lower than the industry average of 12.61X [11] Group 4: Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 indicates a year-over-year increase of 52.4% and 23.8%, respectively, with EPS estimates trending higher over the past 60 days [12] - Current earnings estimates for the upcoming quarters and years show a positive outlook, with the current quarter estimate at $0.48 and the next year at $2.38 [13]

Core Insights - Barrick Mining has consistently beaten earnings estimates, with an average surprise of 16.44% over the last two quarters [1][5] - The company reported earnings of $0.35 per share against a consensus estimate of $0.29, resulting in a surprise of 20.69% for the last quarter [2] - Barrick Mining's positive Earnings ESP of +0.52% indicates bullish sentiment among analysts regarding future earnings [8] Earnings Performance - In the previous quarter, Barrick Mining's earnings were $0.46 per share, exceeding the expected $0.41, which led to a surprise of 12.20% [2] - The company's earnings surprise history has contributed to rising estimates, enhancing its earnings outlook [5] Earnings ESP and Zacks Rank - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of future earnings beats, with nearly 70% success rate for stocks with this profile [6][8] - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] Future Expectations - Barrick Mining's next earnings report is anticipated to be released on August 11, 2025, with expectations of continued positive performance [8]

Group 1 - Guolian Minsheng (01456) expects a net profit of RMB 1.129 billion for the first half of 2025, representing a year-on-year increase of approximately 1183% [1] - NIO-SW (09866) saw a rise of over 10% as its sub-brand, Lido, officially launched pre-sales for its new model L90, priced starting at RMB 279,900, which is competitive against similar models [1] - China CNR (01766) rose over 7% following a profit warning, with the rail transit equipment industry showing high demand and Q2 performance exceeding expectations [1] Group 2 - Coal stocks experienced a broad increase, with companies like China Qinfa (00866) and China Shenhua (01088) rising over 4%, driven by strong coal prices amid high temperatures [1] - Zijin Mining (02899) saw a rise of 1.5%, with expected net profit growth of about 54% year-on-year for the first half of the year, although short-term impacts from copper tariffs are anticipated [1] Group 3 - WanGuo Data-SW (09698) increased over 6% after its REIT completed offline inquiries with a subscription multiple of 166 times, indicating significant valuation potential [2] - Hengrui Medicine (01276) rose over 4%, reaching a new high, with expectations that its performance and business development will act as key catalysts [2] - China Shipbuilding Defense (00317) increased over 5% as the merger of two shipbuilding companies approaches completion, with Q2 performance exceeding expectations [2] Group 4 - Bitcoin-related stocks saw significant gains, with Bit Origin (BTOG.US) rising 51.72% and SharpLink Gaming (SBET.US) increasing 17.15%, driven by a surge in Bitcoin prices [3] - Gold stocks strengthened amid geopolitical tensions, with Gold ETF (GLD.US) rising 0.96% and Barrick Mining (B.US) increasing 0.71% [3] Group 5 - British Petroleum (BP.US) rose 3.55% as the company anticipates an increase in Q2 oil production and strong trading performance [7] - Huami Technology (ZEPP.US) surged over 69%, projecting a 30% revenue growth for Q2, marking its first growth in three years [7]

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Core Insights - Barrick Mining Corporation is advancing its $2 billion Super Pit Expansion Project at the Lumwana mine, aiming to transform it into a Tier One copper mine [1][2] - The expansion will double Lumwana's copper output to 240,000 tons annually, supported by a new processing plant with a capacity of 50 million tons per year [2][6] - Lumwana has significantly contributed to Zambia's economy, with over $4 billion generated since 2019, primarily through local procurement [3][6] - The mine is leading an environmental initiative through a REDD+ forest conservation program, covering 300,000 hectares, aimed at generating carbon credits and promoting sustainable practices [4][6] - Barrick's shares have increased by 13.7% over the past year, compared to a 33.7% rise in the industry [5] Economic Impact - Lumwana has contributed more than $4 billion to Zambia's economy through taxes, royalties, wages, and local procurement since 2019 [3] - 79% of total procurement, amounting to over $3.4 billion, has been spent with Zambian suppliers [3] - In Q1 of this year, $177 million, or 81% of procurement, was allocated to local contractors [3] Environmental Initiatives - The REDD+ program aims to conserve 300,000 hectares and generate future carbon credits while promoting sustainable livelihoods and biodiversity [4][6] - The initiative is developed in partnership with local chiefdoms and the Forestry Department [4] Industry Performance - Barrick Mining's shares have gained 13.7% over the past year, while the industry has seen a 33.7% increase [5]

All amounts expressed in US dollars LUSAKA, Zambia, July 10, 2025 (GLOBE NEWSWIRE) -- Construction of the $2 billion Super Pit Expansion Project at Barrick Mining Corporation’s (NYSE:B)(TSX:ABX) Lumwana mine is well underway, accelerating its transformation into a Tier One copper mine. Addressing members of the media and other stakeholders here today, Barrick president and chief executive Mark Bristow said the Lumwana expansion builds on a remarkable turnaround that has seen the operation evolve from a stru ...

Core Viewpoint - Barrick Mining Corporation's shares have increased by 35% over the past six months, primarily driven by rising gold prices amid economic and geopolitical uncertainties [1][6]. Group 1: Stock Performance - Barrick's stock has rebounded significantly this year after a lackluster 2024, benefiting from the rally in gold prices [1]. - Despite underperforming the Zacks Mining – Gold industry's 41.5% increase, Barrick has outperformed the S&P 500's rise of 5.9% in the same period [2]. - Compared to peers, Newmont Corporation, Kinross Gold Corporation, and Agnico Eagle Mines Limited have seen gains of 50%, 52.3%, and 42.9%, respectively [2]. Group 2: Production and Projects - Barrick is advancing major gold and copper projects, including Goldrush, Lumwana, and Reko Diq, on time and within budget [6][10]. - The Goldrush mine aims for 400,000 ounces of production annually by 2028, while the Reko Diq project is expected to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second phase [11][12]. - The Lumwana Super Pit expansion is projected to double throughput and significantly increase mining volumes, potentially making it a top-25 copper producer [12]. Group 3: Financial Performance - Gold prices have increased by approximately 26% this year, contributing to Barrick's profit margins and cash flow generation [13][15]. - Barrick's cash and cash equivalents were around $4.1 billion at the end of Q1 2025, with operating cash flows of roughly $1.2 billion, up 59% year over year [16]. - 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 [16][17]. Group 4: Cost Challenges and Production Outlook - Barrick faces challenges from higher production costs, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing by around 16% and 20% year over year, respectively [18]. - For 2025, Barrick projects attributable gold production in the range of 3.15-3.5 million ounces, indicating a decline from 3.91 million ounces in 2024 [19]. - The production outlook is tempered by reduced output from certain mines, which may negatively impact overall performance [19]. Group 5: Earnings Estimates and Valuation - Earnings estimates for Barrick have been revised upward over the past 60 days, with the Zacks Consensus Estimate for 2025 and 2026 increasing [20]. - Barrick's stock is currently trading at a forward price/earnings ratio of 10X, which is an 18.2% discount to the industry's average of 12.22X [24].

Company Overview - Barrick Mining Corporation is a global leader in the exploration, mining, production, and sale of gold and copper, with a diverse portfolio of assets across four continents [1]. Investment Focus - The company emphasizes fundamental analysis and disciplined market research, targeting small-cap companies with strong fundamentals and growth potential, large-cap companies experiencing temporary setbacks, and stable companies with solid dividend yields and growth potential [1].

Core Viewpoint - The Twiga partnership between Barrick Mining Corporation and the government of Tanzania has successfully established a sustainable model for mineral development, focusing on shared value and long-term investment in the country's future [1][2][3]. Economic Contributions - Since taking operational control in 2019, Barrick has invested $4.79 billion into the Tanzanian economy, with $558 million contributed in the first half of 2025 alone [4]. - Over 90% of procurement is conducted with Tanzanian suppliers, primarily indigenous companies, and 96% of the workforce is Tanzanian, with 49% sourced from local communities [4]. Educational Initiatives - The Future Forward education program, a joint investment of $30 million by Barrick and the government, aims to expand school infrastructure, providing classroom space for an additional 45,000 pupils [5]. Operational Developments - At Bulyanhulu, significant advancements have been made in the Upper West decline, supported by new fleet arrivals and improved infrastructure, enhancing production capabilities for the long term [6]. - North Mara has implemented a new battery energy storage system to improve power reliability, with community resettlement activities nearing completion [7]. Community Engagement - Barrick emphasizes the importance of partnerships with host communities, particularly in rebuilding relationships around North Mara, leading to improved trust and social license [8]. Exploration and Future Planning - Barrick is actively investing in exploration to secure the future of its Tanzanian operations, with current drilling programs targeting resource extensions and new prospects [9]. - Even during the closure of Buzwagi, efforts are being made to create long-term value through the development of a Special Economic Zone [10]. Long-term Commitment - The partnership has not only stabilized operations but has also created a platform for long-term value delivery through shared ownership and local empowerment [11]. - Barrick's commitment to Tanzania extends beyond mining operations, focusing on leaving behind beneficial infrastructure and institutions for the future [11].