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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].

Core Insights - The Twiga partnership between Barrick Mining Corporation and the government of Tanzania has successfully redefined mining's role in national development, focusing on shared value and long-term investment [1][3][11] Economic Contributions - Barrick has invested $4.79 billion into the Tanzanian economy since taking operational control in 2019, with $558 million contributed in the first half of 2025 [4] - Over 90% of procurement is with Tanzanian suppliers, primarily indigenous companies, and 96% of the workforce is Tanzanian, with 49% from local communities [4] Educational Initiatives - The Future Forward education program, a joint $30 million investment, 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, with new infrastructure improving production capabilities [6] - North Mara has implemented a battery energy storage system to enhance power reliability, and community resettlement activities are nearing completion [7][8] Exploration and Future Planning - Barrick is actively investing in exploration to secure future operations, with current drilling programs targeting resource extensions in the North Mara complex and Bulyanhulu [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] Community Engagement - The partnership with host communities is crucial, with ongoing efforts to rebuild relationships and deliver on commitments, particularly around North Mara [8][11] Vision for Mining - The Twiga partnership is presented as a model for responsible mining, emphasizing shared ownership, local empowerment, and sustainable development [12]

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to assist investors in selecting stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores Breakdown - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each targeting different investment strategies [3][4][5][6] - Value Score focuses on identifying undervalued stocks using various financial ratios [3] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [4] - Momentum Score evaluates stocks based on recent price trends and earnings estimate changes to identify favorable buying opportunities [5] - VGM Score combines all three Style Scores to provide a comprehensive assessment of stocks based on value, growth, and momentum [6] Group 3: Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - To maximize returns, investors should prioritize stocks with a Zacks Rank of 1 or 2 that also possess Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face risks if their earnings forecasts are declining [10] Group 4: Company Spotlight - Barrick Mining - Barrick Mining Corporation, headquartered in Toronto, is one of the largest gold mining companies globally, with extensive exploration and development projects across five continents [11] - The company holds a 3 (Hold) Zacks Rank and a VGM Score of A, indicating a solid position in the market [11] - Barrick Mining's Value Style Score is A, supported by a forward P/E ratio of 11.36, making it attractive to value investors [12] - Recent upward revisions in earnings estimates by six analysts have increased the Zacks Consensus Estimate for fiscal 2025 to $1.87 per share, with an average earnings surprise of 12.5% [12]

Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2]. Company Developments - The ARK-KCD system is revealing a coherent geological structure with expanding mineralization, which could enhance Kibali's reserve base within its current footprint [2]. - Since Kibali began production in 2013, the company has successfully replaced every ounce of gold mined, indicating a strong track record in reserve growth [3]. - Kibali has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. - The mine is committed to local content development, with contracts for satellite pits awarded to local businesses and support provided to over 700 Congolese companies [5]. - Barrick emphasizes that Kibali is a partnership that supports the regional economy, being Congolese-led and built for sustainability [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant with an integrated Battery Energy Storage System has been completed, increasing renewable energy usage to 85% and allowing the site to operate on 100% renewable energy for six months each year [7][8]. Sustainability Initiatives - Biodiversity conservation is a key aspect of Barrick's sustainability strategy, with plans to introduce 64 white rhinos into Garamba National Park as part of a long-term partnership for biodiversity restoration [9]. - The Barrick Academy has facilitated training for 170 Kibali employees, contributing to the professional development of Congolese mining professionals [10]. - Community development projects funded through a 0.3% community development fund have seen 41 out of 44 projects completed, enhancing infrastructure, education, and healthcare support [11]. Future Outlook - Barrick views Kibali as a model for sustainable growth in the DRC, with plans to expand its portfolio to include not only gold but also copper projects [12].

Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2][3]. Company Performance - Kibali has consistently replaced every ounce of gold mined since its inception in 2013, demonstrating a strong track record in production and reserve growth [3]. - The mine has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. Local Engagement and Sustainability - Kibali's operations involve local businesses, with contracts for mining satellite pits awarded to them, supporting over 700 Congolese companies through procurement and capacity-building initiatives [5]. - The company emphasizes a partnership model that is Congolese-led and aims to deliver shared value, reinforcing its commitment to local development [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant has increased renewable energy usage to 85%, with the site operating on 100% renewable energy for six months of the year [7][8]. Biodiversity and Community Development - Barrick is actively involved in biodiversity conservation, with plans to introduce 64 white rhinos into Garamba National Park, following a successful reintroduction of 16 rhinos in 2023 [9]. - The company has completed 41 out of 44 community development projects funded through a 0.3% community development fund, focusing on essential infrastructure, education, and healthcare [11]. Future Outlook - The company views Kibali as a blueprint for sustainable growth in the DRC, with plans to expand its portfolio to include copper projects alongside gold [12].