Group 1 - Gold stocks in the US market experienced significant gains, with Barrick Mining (B.US) rising over 6%, Pan American Silver (PAAS.US) increasing more than 5%, Newmont Corporation (NEM.US) up nearly 4%, and Coeur Mining (CDE.US) gaining over 3% [1] - Spot gold prices surged by 2.25%, approaching $4,100 [1]

Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]

Core Viewpoint - Barrick Gold Corporation has increased its quarterly dividend and expanded its stock buyback program following a record surge in gold prices, despite slightly missing revenue and earnings expectations in Q3. Group 1: Financial Performance - Barrick Gold reported Q3 revenue of $4.15 billion, a year-over-year increase of 23.1%, but fell short of expectations by $210 million [1] - Non-GAAP earnings per share were $0.58, which was $0.03 below expectations [1] - The company generated a record free cash flow of $1.5 billion during the quarter [1] Group 2: Dividend and Buyback - The company raised its quarterly dividend by 25% to $0.125 per share and approved an additional "performance dividend" of $0.05 per share for the past three months [1] - Barrick also announced a new $500 million stock buyback plan, adding to the $1 billion already repurchased this year [1] Group 3: Production and Costs - In Q3, Barrick produced 829,000 ounces of gold, a 4% increase quarter-over-quarter, while copper production met expectations at 55,000 tons [1] - The cost of sales (COS) for gold was $1,562 per ounce, total cash costs (TCC) were $1,137 per ounce, and all-in sustaining costs (AISC) were $1,538 per ounce [1] Group 4: Leadership Focus - Following the sudden departure of former CEO Mark Bristow, interim CEO Mark Hill emphasized the company's focus on operational performance and shareholder value, particularly in its premier gold assets in Nevada and the Dominican Republic [2]

Core Insights - Barrick Mining Corporation reported record adjusted net earnings and significant increases in operating and free cash flow for Q3 2025, driven by higher gold production, lower costs, and strong commodity prices [1][2][7] Financial Highlights - Barrick generated $4.1 billion in revenue for Q3 2025, a 23% increase from $3.4 billion in Q3 2024 [7][20] - Net earnings reached $1.3 billion ($0.76 per share), up 61% from $811 million in Q2 2025 and 170% from $483 million in Q3 2024 [7][20] - Adjusted net earnings were $982 million ($0.58 per share), a 23% increase from $800 million in Q2 2025 and an 86% increase from $529 million in Q3 2024 [7][20] - Operating cash flow was $2.4 billion, up 82% from $1.3 billion in Q2 2025, while free cash flow reached $1.5 billion, a 274% increase from $395 million in Q2 2025 [5][7] Operational Highlights - Gold production increased by 4% to 829,000 ounces compared to Q2 2025, with a cost of sales of $1,562 per ounce and all-in sustaining costs of $1,538 per ounce [3][20] - Copper production was 55,000 tonnes, in line with expectations, with a cost of sales of $2.68 per pound [4][20] - AISC margins for gold were 19% higher than the previous quarter, reflecting improved operational efficiency [3] Shareholder Returns - The Board approved a 25% increase in the base quarterly dividend to $0.125 per share, along with a performance dividend of $0.05 per share, totaling $0.175 for the current quarter [11][12] - Year-to-date share repurchases amounted to $1 billion, with an expansion of the buyback program by $500 million to a total of $1.5 billion [12][20] Key Growth Projects - The Fourmile project in Nevada is highlighted as one of the most significant gold discoveries of the century, with ongoing drilling expected to potentially double the existing resource [9][10] - The Reko Diq project is on schedule, with construction activities accelerating and project financing nearing completion [10] Safety and Operational Review - The company emphasized a renewed focus on safety and operational performance following recent fatalities, with ongoing investigations into the incidents [6][2] - An operational review is underway to enhance performance and shareholder value, particularly at Tier One gold assets [2][6]

Core Points - Barrick Mining Corporation has approved an increase to its existing share repurchase program by $500 million, following the successful repurchase of $1.0 billion of shares as of September 30, 2025 [1][2] - The original repurchase program authorized in February 2025 allowed for the repurchase of up to $1.0 billion of common shares over 12 months, which has now been fully utilized [2] - The Board will evaluate the size and scope of any potential repurchase program for 2026 in its meeting scheduled for February 2026 [2] Share Repurchase Program - The repurchase can be executed through various methods in the U.S. markets, including open market purchases, in compliance with U.S. Securities and Exchange Commission regulations [3] - The company believes its shares may trade below their underlying value at times, influencing the decision to repurchase shares [4] - The actual number of shares repurchased and the timing will depend on several factors, including financial performance and cash flow availability [4][5] Company Overview - Barrick Mining Corporation is a leading global mining company with a significant portfolio of gold and copper assets, operating in 18 countries across five continents [6] - The company is recognized as the largest gold producer in the United States and aims to create long-term value through responsible mining practices and strong partnerships [6]

Core Viewpoint - Barrick Mining Corporation has announced a 25% increase in its quarterly base dividend to $0.125 per share, along with a performance dividend of $0.175 per share for Q3 2025, reflecting strong financial performance and shareholder returns [1][4]. Dividend Announcement - The Q3 2025 dividend of $0.175 per share will be paid on December 15, 2025, to shareholders of record as of November 28, 2025 [2]. Share Buyback Program - Barrick repurchased approximately 18.60 million shares during Q3 2025, totaling about 39.79 million shares repurchased this year, which is approximately 2.3% of its issued shares, for a total cash outlay of $1.0 billion, including $589 million spent in Q3 [3]. Performance Dividend Policy - The updated Performance Dividend Policy includes different levels based on net cash thresholds, with the following structure: - Level I: Net cash less than $0 - $0.125 per share - Level II: Net cash greater than $0 and less than $0.5 billion - $0.175 per share - Level III: Net cash greater than $0.5 billion and less than $1 billion - $0.225 per share - Level IV: Net cash greater than $1 billion - $0.275 per share [4]. Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, operating in 18 countries across five continents, and is the largest gold producer in the United States [5].

Barrick Mining Corporation (NYSE:B) will release earnings results for the third quarter before the opening bell on Monday, Nov. 10.Analysts expect the Toronto, Canada-based company to report quarterly earnings at 61 cents per share. That's up from 30 cents per share in the year-ago period. The consensus estimate for Barrick Mining's quarterly revenue is $4.36 billion, compared to $3.37 billion a year earlier, according to data from Benzinga Pro.On Friday, Barrick Mining announced that it has completed the d ...

Barrick Mining Corporation (NYSE:B) will release earnings results for the third quarter before the opening bell on Monday, Nov. 10.Analysts expect the Toronto, Canada-based company to report quarterly earnings at 61 cents per share. That's up from 30 cents per share in the year-ago period. The consensus estimate for Barrick Mining's quarterly revenue is $4.36 billion, compared to $3.37 billion a year earlier, according to data from Benzinga Pro.On Friday, Barrick Mining announced that it has completed the d ...

Core Viewpoint - Barrick Mining Corporation's shares have increased by 41% in the last three months, driven by record gold prices amid economic and geopolitical uncertainties [1][16] Group 1: Stock Performance - Barrick has outperformed the Zacks Mining – Gold industry's increase of 19.1% and the S&P 500's rise of 8.9% in the same period [2] - The 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] Group 2: Growth Projects - Barrick is advancing key growth projects, including Goldrush, Pueblo Viejo plant expansion, Fourmile, Lumwana Super Pit, and Reko Diq, which are expected to significantly boost production [9] - The Goldrush mine aims for 400,000 ounces of production per annum by 2028, while the Reko Diq project is designed to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second phase [10] Group 3: Financial Position - Barrick has a strong liquidity position with cash and cash equivalents of approximately $4.8 billion and generated operating cash flows of around $1.3 billion in the second quarter, a 15% year-over-year increase [12] - 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 [13] Group 4: Gold Prices and Profitability - Gold prices have surged approximately 52% this year, reaching over $4,000 per ton, driven by geopolitical tensions and central bank purchases [16] - Higher gold prices are expected to enhance Barrick's profit margins and free cash flow generation [14] Group 5: Cost Challenges - Barrick faces challenges from rising production costs, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing by around 17% and 12% year-over-year, respectively [18] - For 2025, Barrick projects total cash costs per ounce of $1,050-$1,130 and AISC in the range of $1,460-$1,560, indicating a year-over-year increase [19] Group 6: Production Outlook - The company expects attributable gold production of 3.15-3.5 million ounces for full-year 2025, a decline from 3.91 million ounces in 2024, primarily due to the suspension of operations at the Loulo-Gounkoto mine [20] Group 7: 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 69.8% and 36.2%, respectively [21] Group 8: Valuation - Barrick's stock is trading at a forward price/earnings ratio of 11.7X, which is a discount to the industry's average of 12.35X [23]

Core Points - Barrick Mining Corporation has completed the divestiture of the Alturas Project in Chile to Boroo Pte. Ltd for an upfront cash payment of $50 million [1] - Barrick will receive a 0.5% net smelter return royalty on gold and silver produced from the Project, which will cease once 2 million ounces of gold and gold-equivalent have been produced [1] - Boroo has the option to repurchase the royalty within four years from closing for $10 million [1] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets [2] - The company operates in 18 countries across five continents and is the largest gold producer in the United States [2] - Barrick aims to create long-term value for stakeholders through responsible mining and a disciplined growth approach [2]