Core Viewpoint - Barrick Mining Corporation is set to release its third quarter 2025 results on November 10, 2025, with a management webcast scheduled to follow the announcement [1][2]. Group 1: Q3 Results Release - The third quarter results will be available before markets open at 6:00 AM ET on November 10, 2025 [1][2]. - A live presentation and webcast will take place at 11:00 AM ET on the same day, with registration available for attendees [2]. Group 2: Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets [3]. - The company operates six Tier One gold mines and has projects across 18 countries and five continents, making it the largest gold producer in the United States [3]. - Barrick aims to create long-term value for stakeholders through responsible mining practices and disciplined growth strategies [3].

Core Insights - Barrick Mining Corporation's shares have surged 114.4% year to date, primarily driven by record gold prices amid economic and geopolitical uncertainties [1][7][16] - The company's stock performance has outpaced the S&P 500's 15.6% increase but lagged behind the Zacks Mining – Gold industry's 124.4% rise [2] Stock Performance - Barrick's 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] - The 50-day SMA has been higher than the 200-day SMA since a golden crossover on April 9, 2025, suggesting a bullish trend [5] Production and Growth Projects - Key projects such as Goldrush, Lumwana, and Reko Diq are on track to enhance gold and copper output [7][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] Financial Health - Barrick has a strong liquidity position with cash and cash equivalents around $4.8 billion as of Q2 2025, and operating cash flows of approximately $1.3 billion, up 15% year over year [13] - The company returned $1.2 billion to shareholders in 2024 through dividends and share repurchases, with a new repurchase program authorized for up to $1 billion [14] Cost Challenges - Barrick faces higher production costs, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing by approximately 17% and 12% year over year, respectively [18] - For 2025, total cash costs are projected to be between $1,050-$1,130 per ounce, and AISC between $1,460-$1,560 per ounce, indicating a year-over-year increase [19] Production Outlook - The company expects attributable gold production to be between 3.15-3.5 million ounces for 2025, a decline from 3.91 million ounces in 2024, primarily due to the suspension of operations at the Loulo-Gounkoto mine [20] 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 65.9% and 17.8%, respectively [21] Valuation - Barrick's stock is trading at a forward price/earnings ratio of 14.35X, which is about 14.4% lower than the industry's average of 16.76X [23] Investment Recommendation - The combination of production growth initiatives, strong financial health, rising earnings estimates, and attractive valuation suggests a positive outlook for Barrick, although high costs and a subdued production forecast warrant caution [26]

Core Insights - Barrick Mining Corporation is a leading global gold and copper mining company with a significant presence worldwide, operating 6 Tier One gold mines and 3 copper mines [1] Company Overview - The company focuses on fundamental analysis and disciplined market research, emphasizing the identification of 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 Insights - The focus is on fundamental analysis and disciplined market research to identify investment opportunities in small cap companies with strong fundamentals, large cap companies facing temporary setbacks, and stable companies with solid dividend yields and growth potential [1] Group 1 - The analyst has a strong quantitative background with a Ph.D. in Chemical Engineering and an MBA, indicating a robust analytical capability [1] - The primary investment strategy includes targeting small cap companies with growth potential, large cap companies experiencing temporary challenges, and stable companies that offer dividends [1]

Core Insights - Barrick Mining Corporation is leveraging its strong cash generation and healthy balance sheet to provide value to shareholders, emphasizing its role as a capital return-driven gold producer [1][7] - The company generated approximately $4.5 billion in operating cash flow in 2024, returning about $1.2 billion to shareholders through dividends and share repurchases [1][7] Financial Performance - In February 2025, Barrick's board approved a share repurchase program of up to $1 billion, with $411 million repurchased in the first half of 2025 [2] - Barrick ended the second quarter with cash and cash equivalents of around $4.8 billion, generating operating cash flows of roughly $1.3 billion in the quarter, a 15% increase year over year [3] - Free cash flow rose to approximately $395 million from $340 million in the prior-year quarter [3] Dividend and Shareholder Returns - Barrick maintains a sustainable base dividend supported by performance-linked distributions, with a current dividend yield of 1.8% and a payout ratio of 25% [2] - The company is well-positioned to pursue exploration and development opportunities while maintaining capital returns and funding organic growth [3] Market Position and Valuation - Barrick's shares have increased by 119.6% year to date, compared to a 121.7% rise in the Zacks Mining – Gold industry [6] - The stock is currently trading at a forward 12-month earnings multiple of 14.35, which is about a 13.4% discount to the industry average of 16.57 [10] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 indicates a year-over-year rise of 65.9% and 17.8%, respectively, with EPS estimates trending higher over the past 60 days [9]

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Core Viewpoint - Barrick Mining has agreed to sell its interests in the Tongon gold mine and certain exploration properties in Côte d'Ivoire to the Atlantic Group for up to $305 million, which includes a cash payment of $192 million [1][2] Group 1: Transaction Details - The transaction includes a $23 million shareholder loan repayment due within six months of closing [1] - The deal is expected to close in late 2025, pending regulatory approvals and customary closing conditions [2] - The proceeds from the sale will be used to strengthen Barrick's balance sheet and support shareholder returns [1] Group 2: Atlantic Group Profile - Atlantic Group is a privately held Pan-African conglomerate with diversified interests across financial services, agriculture, and industry, operating in 15 African countries [2] - The acquisition represents a significant investment for Atlantic in the mining sector within Côte d'Ivoire, a rapidly growing gold producer in West Africa [2] Group 3: Tongon Gold Mine Overview - Barrick originally planned to close the Tongon mine in 2020, but ongoing exploration success extended its operational life [3] - Since its first gold pour in 2010, Tongon has contributed over $2 billion to the Ivorian economy through taxes, infrastructure projects, salaries, and local supplier payments [3] - In 2024, the mine produced 148,000 ounces of gold and currently has proven and probable reserves of 620,000 ounces, along with measured and indicated resources of 700,000 ounces [3] Group 4: Market Reaction - Following the announcement of the sale, Barrick's shares rose by 1.35%, resulting in a market capitalization of $58.8 billion [4]

Core Viewpoint - Spot gold has surged past $3950, approaching the $4000 mark, indicating strong demand and market interest in gold as a safe-haven asset [1] Company Performance - Newmont Corporation (NEM.US) shares increased by over 2% [1] - Harmony Gold Mining (HMY.US) shares rose by more than 3% [1] - Barrick Gold Corporation (B.US) shares gained over 1.7% [1] - Gold Fields Limited (GFI.US) shares were up by 0.89% [1]

Core Viewpoint - Barrick Mining announced the sale of its interests in the Tongon gold mine and certain assets in Ivory Coast to Atlantic Group for up to $305 million, aiming to strengthen its financial position [1] Company Summary - The transaction involves Barrick Mining divesting its interests in the Tongon gold mine, which is a strategic move to enhance its financial stability [1] - The sale price could reach up to $305 million, indicating a significant asset liquidation for Barrick Mining [1] Industry Summary - The sale reflects ongoing trends in the mining industry where companies are optimizing their asset portfolios to focus on core operations and improve financial health [1]

Core Viewpoint - Leadership changes at Barrick Mining and Newmont may lead to asset sales and potential takeover discussions, particularly focusing on Barrick's Fourmile project in Nevada [1][2][4] Company Developments - Barrick's CEO Mark Bristow resigned unexpectedly after over six years, coinciding with Newmont's CEO Tom Palmer announcing his retirement [2] - Bristow's departure follows Barrick's announcement of the Fourmile project's potential to produce up to 750,000 ounces of gold annually, significantly boosting Barrick's stock by approximately 20% in the days following the announcement [3][6] - Under Bristow's leadership, Barrick's share price has lagged behind peers, with a 2.6 times increase since January 2019, compared to a fourfold increase in the TSX Global Gold Index [5][6] Market Context - Gold prices reached a historic high of $3,895.09 per ounce, marking a 45% increase since the beginning of the year, driven by strong demand from central banks [7][8] - Goldman Sachs predicts gold could reach $4,000 per ounce by mid-2026 due to ongoing central bank purchases [8][9] Strategic Implications - Analysts suggest a potential shift in Barrick's strategy post-Bristow, with a focus on the Fourmile project and a possible reduction in exposure to geopolitically sensitive regions [4][10] - Barrick's asset portfolio spans 18 countries, with North America accounting for 46% of gold production, while Africa and the Middle East dominate copper output [11] Future Prospects - The Fourmile project is expected to enhance Barrick's growth outlook, with an average output projected between 600,000 and 750,000 ounces of gold annually over 25 years [18][19] - Analysts speculate that the increased value of Nevada Gold Mines may present an opportunity for Newmont to acquire Barrick, although regulatory approvals could pose challenges [20]