Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

Barrick Mining (NYSE: B) announced the resignation of President and CEO Mark Bristow today. After nearly seven years at the helm, the South African-born mining veteran departs without explanation, leaving investors to speculate on what prompted such an unexpected move.Effective immediately, Mark Hill, head of the company's Latin American and Asia-Pacific operations, has stepped in as interim CEO while the board begins a global search for a permanent replacement.“On behalf of the Board, I want to thank Mark ...

The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: B) is coming to an end after more than five years and C$23 million ($17 million) in spending.Vancouver-based Japan Gold announced that the parties have agreed to mutually terminate their partnership, effective as of Oct. 31, 2025. Established in February 2020, the Japan Gold-Barrick alliance aims to explore, develop and mine certain mineral properties that it believes have the potential to host Tier 1 or 2 gold deposits ...

Mark Hill目前负责巴里克矿业的拉丁美洲和亚太地区业务，拥有30年的采矿业经验。他于2006年加入该 公司，并在最初决定在内华达州Fourmile金矿项目开展勘探方面发挥了关键作用。 智通财经APP获悉，加拿大金属生产商巴里克矿业(B.US)宣布，该公司董事会任命Mark Hill为集团首席 运营官(COO)及临时总裁兼首席执行官(CEO)，以接替离职的Mark Bristow，该任命即刻生效。 Mark Bristow在担任巴里克矿业总裁兼CEO近七年后选择卸任。该公司董事长John Thornton表示，Mark Bristow"强化了我们的资产组合，并帮助巴里克矿业确立了作为全球领先黄金和铜生产商的地位"，但 未对其离职原因作出解释。此外，该公司董事会的遴选委员会表示，已在一家领先的高管猎头公司的支 持下启动程序，以物色一位正式的总裁兼CEO。 9月16日，巴里克矿业位于内华达州的Fourmile项目初步评估显示，该矿区年产黄金潜力高达75万盎 司。该公司称Fourmile项目是"本世纪最伟大的黄金发现之一"。这一发现格外引人注目，因为在股东要 求矿企最大化回报的压力下，新矿藏的勘探和开发正变得愈 ...

Barrick Mining (NYSE:B) -0.5% pre-market Monday after saying its board appointed Mark Hill as Group COO and Interim President and CEO, effective immediately, following the departure of Mark Bristow. Hill is currently responsible for Barrick's (NYSE:B) Latin America and Asia ...

Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO All amounts expressed in U.S. dollars TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is curren ...

Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO All amounts expressed in U.S. dollars TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is curren ...

Core Insights - Barrick Mining Corporation has seen a significant stock price increase of 121% year-to-date, reaching approximately $35, driven by high gold prices and strong earnings growth [2] - The company produced revenues of about $10.8 billion in 2024, with gold prices averaging $2,250 per ounce, and continued strong performance into 2025 with Q2 results showing average realized prices of $3,320 per ounce [3] - Barrick's current valuation multiples are approximately 12–13x forward earnings and 7–8x EV/EBITDA, indicating a fair market valuation relative to peers [4] Revenue & Earnings Power - In 2024, Barrick's EBITDA was roughly $5.2 billion, with net earnings of $3.1 billion and free cash flow more than doubling from the previous year [3] - For Q2 2025, Barrick reported a quarterly net income of $1.1 billion, with first-half operating cash flow reaching $2.5 billion and free cash flow doubling to $770 million [3] - Spot gold prices are stabilizing around $3,700 per ounce, enhancing Barrick's earning potential [3] Valuation Multiples - Barrick's share price of $35 translates to valuation multiples of approximately 12–13x forward earnings and 7–8x EV/EBITDA, which are higher than earlier in the year but still align with industry peers [4] - The company's dividend yield has contracted to around 1.5% due to stock appreciation, with over $750 million allocated to buybacks in the first half of 2025 [4] Balance Sheet Strength - Barrick maintains a strong balance sheet with net debt close to zero relative to annual EBITDA, allowing for capital returns and investment in growth projects [5] - Key growth initiatives include the Pueblo Viejo expansion, Lumwana copper project, and Reko Diq development in Pakistan, enhancing both gold production and copper exposure [5] Market Sentiment - The rise to $35 per share reflects market confidence in Barrick's profit potential and commodity leverage, with expectations of continued high gold prices and increased copper volumes [6] - Despite the rapid stock price increase, there may be potential for an additional 10–15% re-rating if market conditions remain favorable [6]

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. He graduated from the London School of Economics and is interested in finding reasonably priced businesses with sustainable long-term competitive advantages.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of t ...

Core Insights - Barrick Mining Corporation and Agnico Eagle Mines Limited are leading gold producers benefiting from soaring gold prices driven by geopolitical tensions and central bank purchases [1][2][3] - Gold prices have increased approximately 43% this year, reaching over $3,700 per ton, influenced by the Federal Reserve's interest rate cuts and trade uncertainties [3][4] Barrick Mining Corporation - Barrick is advancing key growth projects such as Goldrush, Pueblo Viejo expansion, and Reko Diq, which are expected to significantly boost production [5][6] - The Goldrush mine aims for 400,000 ounces of annual production by 2028, while the Reko Diq project is projected to produce 460,000 tons of copper and 520,000 ounces of gold annually [6][7] - Barrick's liquidity is strong, with cash and equivalents around $4.8 billion and operating cash flows of approximately $1.3 billion, up 15% year-over-year [8] - The company returned $1.2 billion to shareholders in 2024 and has a dividend yield of 1.8% with a payout ratio of 25% [9][10] - However, Barrick faces challenges with rising costs, with cash costs per ounce increasing by 17% and AISC rising to $1,684, reflecting higher operational costs [11][12] Agnico Eagle Mines Limited - Agnico Eagle is focused on growth projects like Odyssey, Detour Lake, and Hope Bay, which are expected to enhance production and cash flows [13][14] - The Hope Bay Project has proven reserves of 3.4 million ounces and is anticipated to generate significant cash flow [14] - AEM's operating cash flow for the second quarter was approximately $1.85 billion, a 92% increase from the previous year, with free cash flow of $1.3 billion [18][19] - The company has reduced long-term debt by $550 million, ending the quarter with a net cash position of $963 million, and offers a dividend yield of 1% with a payout ratio of 27% [20] - AEM's AISC was $1,289 per ounce, marking a 9% increase from the prior quarter, indicating rising production costs [21][22] Comparative Analysis - Year-to-date, Barrick's stock has surged 128.2%, while Agnico Eagle's stock has increased by 106.1%, both outperforming the industry average [23] - Barrick trades at a forward earnings multiple of 14.74, which is a discount compared to the industry average, while AEM trades at a premium with a multiple of 22.22 [24][25] - The Zacks Consensus Estimate projects Barrick's 2025 sales and EPS to rise by 19% and 62.7%, respectively, while AEM's estimates imply growth of 30.6% in sales and 67.4% in EPS [30][31] - AEM's return on equity stands at 13.8%, higher than Barrick's 8.2%, indicating more efficient use of shareholder funds [32] Investment Considerations - Both companies are well-positioned to benefit from the current gold price environment, with strong project pipelines and financial health [34] - AEM's higher dividend growth rate and lower leverage suggest it may offer better investment prospects compared to Barrick in the current market [34]