Core Insights - Investors are showing a bullish stance on Barrick Mining, with significant options trading activity indicating potential upcoming developments [1][2] Options Trading Activity - Benzinga's options scanner identified 12 uncommon options trades for Barrick Mining, suggesting that large investors may have insider knowledge of forthcoming events [2] - The sentiment among big-money traders is evenly split, with 41% bullish and 41% bearish positions. Notably, there are 3 put options totaling $115,180 and 9 call options totaling $615,136 [3] Price Predictions - Major market movers are focusing on a price range between $22.0 and $65.0 for Barrick Mining over the past three months, indicating a wide spectrum of expectations [4] Volume and Open Interest Analysis - The average open interest for Barrick Mining options is 3,846.27, with a total trading volume of 2,265.00. This data reflects the trading activity within the strike price corridor of $22.0 to $65.0 over the last 30 days [5] Company Overview - Barrick Mining, based in Toronto, is one of the largest gold miners globally, producing nearly 3.9 million attributable ounces of gold and about 195,000 metric tons of copper in 2024. The company has significant gold and copper reserves and operates mines across various regions [11] - Analysts have set an average price target of $47.5 for Barrick Mining, with a recent upgrade from B of A Securities to a Buy rating and a price target of $48, while UBS maintains a Buy rating with a target of $47 [12][13] Current Market Status - Barrick Mining's stock is currently trading at $45.8, reflecting a 0.46% increase, with a trading volume of 4,288,151. The stock may be overbought according to RSI readings, and an earnings release is anticipated in 50 days [15]

Core Insights - Barnes & Noble Education, Inc. reported fiscal 2025 results that align with preliminary unaudited ranges disclosed on November 25, 2025, showing a revenue increase and a significant reduction in net debt [1][2][3]. Financial Performance - Full-year revenue for fiscal 2025 was $1.6 billion, reflecting a $43 million increase, or 2.7%, compared to the previous year [5]. - Gross comparable store sales rose by $117.2 million, or 7.5%, year-over-year [5]. - The net loss from continuing operations for fiscal 2025 was $65.8 million, an improvement from a net loss of $75.0 million in the prior year [7]. - Adjusted EBITDA for fiscal 2025 was $59.4 million, up $22.7 million from $36.7 million in the previous fiscal year [7][10]. Debt and Working Capital - Total debt at the end of fiscal 2025 was $103.1 million, down from $196.3 million in the prior year, resulting in total net debt of $94 million, a decrease of $91.8 million year-over-year [8]. - The company's net working capital position improved to a positive $186.2 million from $46.1 million the previous year [8]. BNC First Day Program - Revenue from BNC First Day programs increased by $119.9 million, or 25.3%, year-over-year, with strong growth in institutional adoption [6]. - For the fall 2025 academic term, 223 campus stores utilized First Day Complete, with total enrollment reaching approximately 1.14 million students, a 24% increase from the prior year [11]. Outlook - The company reiterated its fiscal 2026 outlook, expecting top-line growth despite one fewer operating week and ongoing market uncertainties [13]. - Adjusted EBITDA is anticipated to be in the range of $65 to $75 million, supported by gross profit dollar growth and continued expense discipline [13]. - Looking ahead to fiscal 2027, the company aims for a 15% to 20% increase in Adjusted EBITDA [14].

Group 1 - Barrick Mining Corporation is currently viewed as a highly profitable value stock, with price targets raised by Canaccord to C$70 and by UBS to $47, both maintaining a Buy rating [1][2] - In Q3 2025, Barrick reported a 4% increase in gold production to 829,000 ounces and a 9% decrease in all-in sustaining costs to $1,538 per ounce, generating $5 billion in operating cash flow year-to-date [2][3] - The company is focusing on significant gold discovery at Fourmile in Nevada, increasing the exploration budget by $10 million and operating 16 drill rigs to double existing resources by year-end [3] Group 2 - Barrick Mining is progressing with the Lumwana Super Pit expansion and plans to sell its Hemlo and Tongon assets by the end of 2025 to streamline its portfolio [3] - The company has a net cash position at the end of Q3, with earnings per share (EPS) of $0.58 and revenues of $4.15 billion, although revenue missed Street estimates by $212.25 million [2]

Core Insights - Barrick Mining Corporation and Agnico Eagle Mines Limited are leading gold producers benefiting from rising gold prices driven by geopolitical tensions and interest rate cuts [1][2][3] Gold Market Overview - Gold prices have surged approximately 65% this year, currently exceeding $4,300 per ton, influenced by global trade tensions and central bank gold accumulation [2][3] - The Federal Reserve's interest rate cuts and expectations of further reductions amid U.S. economic concerns have contributed to the bullish trend in gold prices [2][3] Barrick Mining Corporation - Barrick is advancing key growth projects, including Goldrush, Pueblo Viejo expansion, and Reko Diq, which are expected to significantly boost production [4][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 [5] - Barrick's liquidity is strong, with cash and equivalents around $5 billion and operating cash flows of approximately $2.4 billion in Q3 2025, marking a 105% year-over-year increase [7] - The company returned $1.2 billion to shareholders in 2024 through dividends and share repurchases, with a dividend yield of 1.6% and a payout ratio of 32% [8][9] 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 [10][11] - The Hope Bay Project has proven reserves of 3.4 million ounces and is anticipated to generate significant cash flow [11] - AEM's operating cash flow was approximately $1.8 billion in Q3 2025, a 67% increase from the previous year, with free cash flow nearly doubling to $1.2 billion [14][15] - AEM has a low long-term debt-to-capitalization ratio of around 1.2% and a dividend yield of 1% with a payout ratio of 23% [16] Comparative Performance - Barrick's stock has increased by 105.2% in the past six months, while Agnico Eagle's stock has risen by 36.6%, compared to the industry average increase of 56.9% [17] - Barrick trades at a forward earnings multiple of 12.99, slightly below the industry average, while AEM trades at a premium with a multiple of 17.88 [19][21] - The Zacks Consensus Estimate projects Barrick's 2025 sales and EPS to rise by 21.8% and 77.8%, respectively, while AEM's estimates imply growth of 34.4% and 83.9% [23][24] - AEM's return on equity stands at 15.6%, higher than Barrick's 9.5%, indicating more efficient use of shareholder funds [25] Investment Outlook - Both Barrick and Agnico Eagle are well-positioned to benefit from the strong gold price environment, with solid financial health and growth prospects [27] - AEM's higher growth projections and lower leverage suggest it may offer better investment opportunities in the current market [27]

Core Viewpoint - Barrick Mining Corporation has resolved a long-standing dispute with the government of Mali, regaining control over the Loulo-Gounkoto gold asset after nearly two years of conflict and production halts [1][5]. Group 1: Dispute Background - The dispute originated in 2023 when Mali revised its mining code to increase state revenues through higher taxes and royalties [2]. - Tensions escalated through 2024 as Barrick resisted the changes, leading to audits and slowed export approvals, culminating in a court-ordered seizure of stockpiled gold in early 2025 [3]. Group 2: Resolution Details - In June, the Malian government took provisional control of the mine, detaining several Barrick employees and stalling negotiations [4]. - A breakthrough occurred last month when Barrick agreed to a financial settlement of approximately $430 million, leading to the release of detained employees and restoration of operational control [5]. Group 3: Financial Implications - Gold prices have surged over 55% year-to-date in 2025, with Loulo-Gounkoto producing between 700,000 and 725,000 ounces annually, translating to potential annual revenues exceeding $3 billion at current prices of over $4,300 per ounce [6]. - The resolution of the Mali situation alleviates significant geopolitical and operational uncertainties for Barrick, especially as gold prices reach record highs [7]. Group 4: Strategic Developments - The agreement enhances Barrick's strategic flexibility, potentially paving the way for a spinoff of its North American gold assets, which is currently under review [7][8]. - If the IPO proceeds, Barrick plans to separate premier assets into a standalone entity, aiming to unlock new shareholder value due to asset quality and jurisdiction safety [8].

Barrick Mining Corporation (NYSE:B) is one of the 12 cheap gold stocks to buy now. Barrick Mining (B) Trades Near Its 52-Week Amid Strong Share Price Surge in 2025 Pixabay/Public Domain On December 12, 2025, Barrick Mining Corporation (NYSE:B), one of the two largest gold producers, alongside Newmont Corporation, surged to its new 52-week high of $44.07 before closing at $43.09. The stock has seen a strong rally in the past year, returning roughly 180% in 2025 alone and over 20% in the past month. On ...

Deal Overview - Barrick Mining Corporation plans to evaluate an Initial Public Offering (IPO) of its North American assets, forming a subsidiary (NewCo) to house its highest-quality gold assets [2][4] - NewCo will include Barrick's 61.5% interest in the Nevada Gold Mines joint venture, a 60.0% stake in the Pueblo Viejo mine, and the 100%-owned Fourmile project in Nevada [2][4] Strategic Rationale - The move aims to address the valuation gap between Barrick and its North American peers, as Barrick currently trades at an EV/EBITDA multiple of 7-8x compared to 10-11x for pure-play North American producers [7] - By separating its North American operations, Barrick seeks to eliminate the conglomerate discount associated with its higher-risk assets in Africa and Asia, thereby attracting investors focused on stable, high-margin gold production [6][7] Asset Quality - NewCo will benefit from the high-quality asset base, including the Nevada Gold Mines complex, which is the largest gold-producing complex globally, and the Fourmile project, which has high ore grades (12-16 g/t) and significant production potential [8] - Fourmile is projected to produce 600,000–750,000 ounces annually over a 25+ year mine life, with all-in sustaining costs estimated at $650–$750 per ounce, making it a key contributor to Barrick's overall production [8] Market Conditions - The favorable backdrop of rising gold prices, driven by macroeconomic uncertainty and strong central bank demand, enhances the attractiveness of Barrick's proposed IPO [9] - Elevated gold prices are expected to drive margin expansion and increase the valuation premium for operations in low-risk jurisdictions, making this an opportune time for monetization [9] Parent Company Focus - Following the IPO, Barrick will continue to operate its diversified global portfolio, focusing on copper growth projects such as Reko Diq in Pakistan and Lumwana in Zambia, while leveraging cash flow from its gold mines [5][10] - This bifurcation clarifies the investment proposition for both entities, with NewCo offering stability and dividends, while RemainCo targets growth in copper and energy transition metals [10] Financial Implications - The IPO is expected to serve as an efficient capital-raising mechanism, with North American assets generating over $2.8 billion in EBITDA during 9MFY25 [11] - Proceeds from the offering could strengthen Barrick's balance sheet, enabling funding for capital-intensive projects or returning capital to shareholders without diluting equity [11] Company Overview - Barrick Mining Corporation is a leading global mining company focused on gold and copper production, with a strategic vision centered on owning Tier One assets [12][26] - The company operates in 18 countries and is the largest gold producer in the United States, with a diverse portfolio that includes twelve producing gold mines and three producing copper mines [13][26]

Core Insights - Barrick Mining Corporation's third-quarter profits increased due to higher gold prices, but higher unit costs negatively impacted results [1][7] - The company experienced a 12% year-over-year decline in consolidated gold production, attributed partly to the suspension of operations at the Loulo-Gounkoto mine [2][7] - Barrick's projected cash costs and all-in-sustaining costs (AISC) for 2025 indicate a year-over-year increase at the midpoint of the respective ranges [3][7] Financial Performance - Barrick's cash costs per ounce of gold rose approximately 3% year over year, while AISC increased around 2% year over year, with AISC reported at $1,538 [1][3] - The company's shares have surged 158.4% year to date, outperforming the Zacks Mining – Gold industry's increase of 134.1% [6] Peer Comparison - Agnico Eagle Mines Limited reported total cash costs per ounce of $994, an 8% increase year over year, with AISC at $1,373, reflecting a 7% year-over-year rise [4] - Newmont Corporation lowered its AISC to $1,566 per ounce, a 3% decrease from the prior year, while projecting an increase to $1,630 per ounce in 2025 [5] Earnings Estimates - The Zacks Consensus Estimate for Barrick's earnings in 2025 and 2026 suggests a year-over-year increase of 77.8% and 51.9%, respectively, with EPS estimates trending higher over the past 60 days [8] Valuation Metrics - Barrick is currently trading at a forward 12-month earnings multiple of 12.03, which is about a 7.5% discount compared to the industry average of 13.01X [9]

Core Viewpoint - Elliott Investment Management has taken a position in Barrick Mining and is advocating for the separation of North American assets from its higher-risk operations in Asia and Africa, which the Barrick board is now exploring [3][9][10]. Company Overview - Barrick Mining, formerly Barrick Gold Corporation, is a global mining company primarily focused on gold and copper production, with operations in various countries including Argentina, Canada, and the Democratic Republic of Congo [1][4]. - The company operates 14 gold mines and three copper mines, with significant assets in North America, particularly the Nevada Gold Mines joint venture with Newmont [4]. Recent Performance - Barrick's stock has more than doubled in the past six months, yet it trades at a price to net asset value ratio of 0.9, which is below its North American peers [5]. - The price of gold has increased by over 70%, contributing to Barrick's stock appreciation of more than 100% [10]. Management Changes - The abrupt departure of Barrick's CEO in September led to the appointment of Mark Hill as interim CEO, creating opportunities for activist investors like Elliott to influence the selection of a new CEO [6][7]. - The interim CEO status allows for the exploration of strategic alternatives, including the potential breakup of the company [8]. Strategic Considerations - Separating North American operations from higher-risk regions could help close the valuation gap between Barrick and its peers, such as Agnico Eagle, which trades at approximately 1.5 times its net asset value [9][10]. - Management has indicated that applying a peer-like multiple to Barrick's North American assets could unlock up to 49% of unrealized value [10]. Activist Investor Dynamics - Elliott Investment Management is known for its thorough due diligence and has likely held a position in Barrick for several months, benefiting from the recent stock appreciation [2][12]. - The presence of Elliott is expected to influence the board's decisions regarding the new CEO and the potential breakup of the company [11].

Core Insights - Barrick Mining Corporation has experienced a significant stock price increase of approximately 154% year-to-date in 2025, driven by rising gold and copper prices, strong operational performance, and strategic pivots that have regained investor trust [2][3][10] Group 1: Market Performance and Drivers - The surge in Barrick's stock is attributed to a combination of high commodity prices and effective corporate strategies, indicating a long-term growth outlook [2][3] - Gold prices have dramatically increased in 2025, leading to higher profit margins despite production challenges, while copper production is also rising, contributing to revenue diversification [3][4] Group 2: Financial Performance - In Q3 2025, Barrick reported gold production of approximately 829,000 ounces and copper production of 55,000 tonnes, generating revenues of US$4.1 billion, operating cash flow of US$2.4 billion, and free cash flow of US$1.5 billion [5] - The board has expanded its share buyback program by adding US$500 million to an existing US$1 billion authorization, reflecting strong cash generation and a commitment to returning value to shareholders [5] Group 3: Strategic Developments - Barrick's proven and probable gold reserves increased to 89 million ounces by the end of 2024, up from 77 million ounces in 2023, alongside growth in copper reserves and project development [6] - The company is exploring the feasibility of an IPO for its North American gold assets, which could create a more focused gold entity and unlock shareholder value [7] Group 4: Future Outlook - Sustained high metal prices and disciplined capital allocation could drive further gains for Barrick, with ongoing buybacks and potential increased dividends benefiting investors [8] - Successful execution of growth projects and reserve replacement could amplify long-term value beyond current commodity price cycles [8]