Core Insights - The oil market is currently seeking new catalysts after a stagnant month, with geopolitical tensions failing to impact prices significantly [1][9] Price Forecasts - Analysts predict an average price of $62 per barrel for 2026, a decrease of $10 from earlier forecasts [3] - The IEA anticipates a significant oversupply of 4.2 million barrels per day (b/d) in 2026, while conservative estimates suggest a stock-build of 0.5 million b/d [3] Market Dynamics - US shale output is expected to decline next year, with WTI projected to average $59 per barrel, which is $3-4 below the breakeven cost for new Permian wells, potentially stabilizing prices [4] - High freight costs have limited the influx of Atlantic Basin oil into Asia, but a negative Brent-Dubai EFS spread indicates that easing freight costs may soon change this [4] Market Movements - Chevron is expanding its operations by entering two oil and gas exploration blocks in Nigeria, covering 2,000 km² [6] - Targa Resources has agreed to acquire Stakeholder Midstream for $1.25 billion, enhancing its natural gas processing capabilities [6] - BP has fully restarted its Olympic Pipeline system after a month-long halt due to a leak [7] - ExxonMobil is considering acquiring Lukoil's 75% stake in the West Qurna-2 project in Iraq [7] Recent Market Activity - November was characterized by low volatility, with ICE Brent trading within a narrow range of $62.48 to $65.16 [9] - The OPEC+ meeting met market expectations, and attention is now focused on diplomatic efforts between Moscow and Kyiv that could influence future market conditions [9]

All amounts expressed in U.S. dollars TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) announced today that, further to its announcement on October 6, 2025, it has completed the divestiture of its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million. The consideration is composed of cash consideration of $192 million, inclusive of a $ ...

Core Insights - Barrick Mining Corporation has completed the divestment of Hemlo Gold Mine in Canada to Carcetti Capital Corp. for a total consideration of up to $1.09 billion, marking the end of a successful chapter at Hemlo [1][9] - The consideration includes $875 million in cash, $50 million in Hemlo Mining Corp. shares, and a tiered cash payment structure linked to gold prices, potentially reaching up to $165 million starting January 2027 for five years [1][2] Company Strategy - Hemlo was Barrick's last operating mine in Canada, and its closure allows the company to focus on upcoming opportunities through early-stage projects and exploration targets in the region [2] - Barrick has been divesting non-core assets to sharpen its focus on Tier 1 assets, having previously sold the Alturas Project in Chile and its 50% interest in the Donlin Gold Project in Alaska [3][9] - The proceeds from these non-core asset sales will support Barrick's capital allocation strategy, aimed at reinforcing its balance sheet and financing key growth initiatives [5][9] Market Performance - Barrick's shares have increased by 173.2% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 138.9%, driven by a rally in gold prices [8] - The company is currently trading at a forward 12-month earnings multiple of 12.84, which is approximately 4.3% lower than the industry average of 13.42 [10] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 indicates a year-over-year increase of 78.6% and 47.2%, respectively, with EPS estimates trending higher over the past 60 days [11]

Core Viewpoint - Barrick Gold is planning to package its core North American gold assets for an initial public offering (IPO) to optimize its asset structure and focus on core strengths amid rising global mineral resource development costs and operational challenges in overseas projects [2][4]. Group 1: Strategic Move - The company's board has unanimously approved the decision to initiate the formation of a subsidiary and prepare for the IPO, while retaining absolute control over the new entity to ensure strategic oversight of core assets [4]. - The proposed asset package includes key mining interests in Nevada, significant equity in the Pueblo Viejo mine in the Dominican Republic, and the wholly-owned Fourmile exploration project in Nevada [4]. - Barrick plans to release only a small minority stake in the IPO to attract market capital while maximizing its own interests [4]. Group 2: Market Reaction - Following the announcement, Barrick Gold's stock price saw a notable increase, rising 4.4% in pre-market trading on the New York Stock Exchange and 1.6% on the Toronto Stock Exchange [8]. - Investors have shown approval of the asset optimization strategy, contrasting with Barrick's underperformance compared to peers like Agnico Eagle Mines over the past year [8]. Group 3: Investor Expectations - Some investors, including Elliott Management, have called for a more comprehensive business split to clarify the risks and values of different regional assets, urging Barrick to isolate low-risk North American mines from higher-risk operations in Africa [5]. - Analysts from Jefferies view the spin-off positively, suggesting that the independent North American gold company will attract interest from major gold producers, as it will have a more manageable asset scale and lower integration risks [6]. Group 4: Challenges Ahead - Barrick faces significant challenges in 2025, including a $1 billion asset impairment due to operational issues in Mali, which has raised concerns about the continuity of its strategic execution [9]. - The company plans to complete a comprehensive evaluation of the spin-off by early 2026 and will provide updates during the release of its 2025 annual performance report [9].

Barrick Mining(B.US)正在筹划对其北美地区的黄金资产进行首次公开募股，因为这家加拿大矿业公司 正面临运营问题和成本失控的困境。Barrick Mining董事会一致批准管理层对旗下一个部门进行首次公 开募股(IPO)的计划。该部门将以Barrick Mining在Nevada Gold Mines与Pueblo Viejo矿井的合资权益，以 及该公司在内华达州的全资拥有的Fourmile金矿发现项目为基础。该公司在周一的一份声明中表示，新 公司将会发行一小部分股权。截至发稿，该公司股价周一盘前上涨近4%。 ...

Core Viewpoint - Barrick Mining is planning an initial public offering (IPO) for its North American gold assets due to operational issues and cost control challenges [1] Group 1: IPO Plans - The board of Barrick Mining has unanimously approved management's plan for an IPO of a specific division [1] - The IPO will be based on Barrick Mining's joint interests in Nevada Gold Mines and Pueblo Viejo, as well as the wholly-owned Fourmile gold discovery project in Nevada [1] - The new company will issue a small portion of equity [1] Group 2: Market Reaction - Following the announcement, Barrick Mining's stock price increased by nearly 4% in pre-market trading on Monday [1]

Contemplated IPO to highlight the value of North American gold assets by creating a focused publicly traded equity (“NewCo”)Barrick would maintain a significant controlling interest in NewCoCompany will update market on progress at Full Year 2025 Results in February 2026 TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announces that the Company’s Board of Directors has unanimously authorized Barrick’s management team to explore an in ...

Core Viewpoint - Barrick Mining has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that may lead to increased stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][4]. - A strong correlation exists between earnings estimate revisions and near-term stock movements, with institutional investors playing a role in this relationship [4][6]. Barrick Mining's Earnings Outlook - For the fiscal year ending December 2025, Barrick Mining is expected to earn $2.25 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Barrick Mining has increased by 13.8%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - Barrick Mining's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Insights - Barrick Mining Corporation successfully completed the divestiture of the Hemlo Gold Mine for a total consideration of $1.09 billion, which includes $875 million in cash, $50 million in shares, and a potential cash payment structure linked to gold prices of up to $165 million [1][4][7] - The company also divested the Alturas Project in Chile, receiving an upfront cash payment of $50 million and a 0.5% net smelter return royalty on gold and silver produced, which will terminate after 2 million ounces of production [2][7] - The proceeds from these divestitures are expected to strengthen Barrick's balance sheet and facilitate capital returns to shareholders [3][7] Financial Performance - The Hemlo mine produced 143,000 ounces of gold last year and was Barrick's last operating mine in Canada, a significant region for the company [4] - Barrick's shares have increased by 138.5% over the past year, outperforming the industry average rise of 110% [4] Strategic Outlook - With the closure of the Hemlo operations, Barrick aims to explore new opportunities in Canada through early-stage projects and exploration targets [4] - The divestment allows Barrick to focus on operating world-class gold and copper mines in the country [4]

Core Insights - The analyst has over 10 years of experience researching a wide range of companies, including those in commodities and technology sectors, which enhances the quality of insights provided [1] Group 1: Company Research - The analyst has conducted in-depth research on over 1000 companies, covering sectors such as oil, natural gas, gold, copper, and technology [1] - A focus on metals and mining stocks is highlighted as a preferred area of coverage, alongside comfort in analyzing consumer discretionary/staples, REITs, and utilities [1] Group 2: Content Creation - Transition from a personal blog to a value investing-focused YouTube channel has occurred, where hundreds of companies have been researched [1]