Core Insights - Barrick Gold Corporation reported net earnings of $996 million or 57 cents per share for Q4 2024, an increase from $479 million or 27 cents per share in the same quarter last year [1] - Adjusted earnings per share were 46 cents, surpassing the Zacks Consensus Estimate of 41 cents [1] - Total sales reached $3,645 million, reflecting a year-over-year increase of approximately 19.2% [2] Operational Highlights - Total gold production was 1,080,000 ounces, up about 2.5% year over year [3] - The average realized price of gold was $2,657 per ounce, an increase of around 33.8% [3] - Cost of sales rose about 5.1% year over year to $1,428 per ounce, while all-in-sustaining costs (AISC) increased approximately 6.4% to $1,451 per ounce [3] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $4,074 million, down 1.8% year over year [4] - Total debt stood at $4,729 million, unchanged from the previous year [4] - Operating cash flow was $1,392 million, with free cash flow amounting to $501 million [4] FY24 Results - For the full year 2024, Barrick reported total sales of $12,922 million, a 13% increase from the previous year [5] - Earnings surged 69% year over year to $1.22 per share, while adjusted net earnings rose 50% to $1.26 [5] - Operating cash flows increased by 20% year over year to nearly $4.5 billion, and free cash flow surged 104% to $1,317 million [5] Guidance - For 2025, Barrick anticipates attributable gold production between 3.15-3.5 million ounces [6] - AISC is projected to be $1,460-$1,560 per ounce, with cash costs per ounce forecasted at $1,050-$1,130 [6] - Copper production is expected to be between 200,000-230,000 tons, with AISC of $2.80-$3.10 per pound [6] Capital Expenditures and Share Buyback - Total attributable capital expenditures are projected to be in the range of $3,100-$3,600 million for 2025 [7] - The board authorized a new share repurchase program of up to $1 billion over the next 12 months, terminating the previous program [7] - Under the 2024 program, Barrick bought back $498 million in common shares [7] Price Performance - Barrick's shares have increased by 29.3% over the past year, compared to a 57.1% rise in the industry [8]

Core Viewpoint - New Gold Inc. has provided a three-year operational outlook and filed updated technical reports for its New Afton and Rainy River mines, highlighting increased mineral reserves and a strong production profile with reduced costs and significant free cash flow generation [1][3][6]. Group 1: Operational Outlook - The company expects gold production in 2025 to be between 325,000 and 365,000 ounces, approximately 16% higher than in 2024, driven by increased production at Rainy River [12]. - Consolidated cash costs for 2025 are projected to decrease by about 20% compared to 2024, ranging from $600 to $700 per ounce, while all-in sustaining costs are expected to be between $1,025 and $1,125 per ounce, a decrease of approximately 17% [12][24]. - The total capital expenditure for 2025 is anticipated to be between $270 million and $315 million, with sustaining capital expected to be $95 million to $110 million and growth capital between $175 million and $205 million [13][19]. Group 2: Mineral Reserves and Resources - As of December 31, 2024, New Gold reported total mineral reserves of 2,954,000 ounces of gold, 7.8 million ounces of silver, and 631 million pounds of copper, with significant increases in reserves at both New Afton and Rainy River [33][39]. - New Afton’s mineral reserves increased by 15% for copper and 13% for gold compared to year-end 2023, extending the mine life to 2031 [8][40]. - Rainy River's mineral reserves decreased by 2% due to mining depletion but were offset by the addition of Phase 5, which has been optimized to increase gold reserves [8][41]. Group 3: Production and Cost Projections - New Afton is expected to ramp up production to 16,000 tonnes per day by 2026, with total operating costs averaging less than $30 per tonne [8]. - Rainy River is projected to average approximately 300,000 ounces of gold production per year over the next three years, with total cash costs expected to remain between $875 and $975 per ounce [23][24]. - The company anticipates a significant increase in copper production in 2027, expected to be between 95 to 115 million pounds, approximately 94% higher than 2024 [16]. Group 4: Exploration and Growth Strategy - The company plans to prioritize organic growth through exploration, with a budget of approximately $30 million for 2025, focusing on advancing the K-Zone at New Afton and near-surface exploration at Rainy River [9][21]. - Exploration efforts will target high-tonnage open pit material to maintain mill feed at full capacity beyond 2029, with a focus on converting inferred resources into reserves [27][28]. - The development of a new underground drilling platform at Rainy River is expected to accelerate exploration and definition drilling, scheduled to be operational in the fourth quarter of 2025 [28].

Results for Q4 and Year Ending 31 December 2024… Cautionary Statement on Forward-Looking Information… Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "target", "plan", "guidance", "ramp up", "on track", "project", "cont ...

Financial Data and Key Metrics Changes - EBITDA increased by 30% with EBITDA margins growing both quarter on quarter and for the year [8] - Adjusted net earnings per share grew 50% year on year to $1.26 [8] - Operating cash flow for the quarter was up 18% to $1.4 billion, totaling $4.5 billion for the year, the highest since 2020 [11] - Free cash flow increased by 104% to $1.3 billion for 2024 [11] - The quarterly dividend was maintained at $0.10 per share, with $354 million in share repurchases in Q4, totaling nearly $500 million for the year [9] Business Line Data and Key Metrics Changes - Gold production increased by 15% quarter on quarter, with a 3% reduction in cost of sales and a 5% decrease in total cash costs [10] - Copper production at Lemona achieved a quarterly production record, meeting production guidance for both copper and gold [10] Market Data and Key Metrics Changes - The company reported a significant improvement in production and costs driven by a strong Q4 performance across its operations, particularly from tier-one assets [16] - The company achieved the highest net earnings in a decade, reflecting strong market conditions for gold and copper [11] Company Strategy and Development Direction - The company aims to deliver sustainable long-term value by focusing on owning the best gold and copper assets [4] - Barrick Gold is committed to sustainability and aims to be the best gold and copper producer globally [7] - The company is targeting a 30% growth in gold equivalent ounces by the end of the decade, supported by ongoing investments in key projects [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the commodity price outlook, particularly for gold and copper, in a geopolitically uncertain world [5] - The company is focused on maintaining a strong balance sheet and funding growth without excessive debt or share issuance [5][62] - Management acknowledged challenges in Mali but emphasized the importance of finding a sustainable solution for operations there [36][108] Other Important Information - The company reported three fatalities in 2024, which management deemed unacceptable, while also noting improvements in safety metrics [12][13] - Significant progress was made in reserve replacement, adding substantial new reserves from La Moana and Riccardeck projects [9] Q&A Session Summary Question: Reduction in CapEx - The majority of the CapEx reduction relates to the Lulu project, with some minor changes in Nevada [64][65] Question: Standby Costs at Lulu - The company is currently in a breakeven position at Lulu and has reallocated experienced operators to other operations [66][67] Question: Outlook for 2027-2029 - The outlook assumes that Lulu restarts, but the company can support its long-term plans without it [71][72] Question: PV Relocation Efforts - The completion of the dam is expected by 2029, with ongoing consultations and negotiations for family relocations [74][76] Question: Four Mile Project Processing Facilities - The project is moving towards a prefeasibility study, with discussions on processing flexibility ongoing [83][84] Question: Payments to Malian Government - A one-off payment of $84 million was made to the Malian government, with ongoing negotiations for a sustainable solution [98][99] Question: Strategic Asset Review - The Zaldivar asset is not considered core, but the company is focused on getting permitting in place [111][112]

Alluvial Gold Research offers in-depth research on my favorite miners, ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts, as well as the following:Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOLD, ABX:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Group 1: Market Overview - Concerns about higher interest rates have resurfaced following unexpected inflation data for January, impacting gold prices and increasing demand for safe-haven assets amid potential trade war fears [1] Group 2: Barrick Gold Corp (GOLD) - Barrick Gold Corp's stock has risen by 6.1% to $18.11, marking its highest level since November, after exceeding fourth-quarter profit estimates and announcing a $1 billion share buyback program [2] - The stock is on track for its best day since August and has a year-over-year gain of 28.7%, having recently surpassed its 100-day moving average [2] Group 3: Options Activity - Options volume for Barrick Gold is significantly high, running at triple the intraday average with 69,000 calls and 18,000 puts exchanged, indicating strong market interest [3] - The most popular options contract is the March 80 call [3] Group 4: Newmont Corporation (NEM) - Newmont Corporation is set to announce its fourth-quarter results on February 20, with its stock currently up 1.9% to $46.37 and a year-over-year gain of 44.1%, including a 24% increase this year [4] - The stock has recently reached its highest level since late October and is consolidating above its 100-day trendline [4] Group 5: Post-Earnings Reactions for Newmont - Newmont has a mixed history of post-earnings reactions, with four of the last eight sessions finishing higher and four lower, including a notable 14.7% drop after the most recent earnings report [5] - The stock has averaged a move of 6.2% in the past two years post-earnings, while current options pricing indicates a larger expected swing of 8.1% [5]

Core Insights - The article discusses the current trends and prices in the gold market, highlighting fluctuations and market dynamics [1]. Group 1: Gold Prices - Gold prices are experiencing notable changes, with specific figures indicating a price of 123 [1]. - The article mentions a percentage change of 3.6% in gold prices, reflecting market volatility [1]. Group 2: Market Analysis - The analysis suggests that the gold market is influenced by various economic factors, although specific details are not provided in the text [1].

Highlights Unanimous Support of Barington's Director Nominees by Leading Proxy Advisory Firms ISS, Glass Lewis and Egan-JonesBelieves Matthews' Poor Fiscal 2025 First Quarter Earnings Results Further Demonstrates Management's Pattern of False Hope and Empty Promises Barington's Nominees Bring the Skills, Experience and Fresh Perspectives Required to Help Drive Meaningful Change and Long-Term Value Creation at MatthewsNEW YORK, Feb. 12, 2025 /PRNewswire/ -- Barington Capital Group, L.P. ("Barington Capital") ...

For Immediate ReleasesChicago, IL – February 12, 2025 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include like Barrick Gold Corp. (GOLD) and Kinross Gold Corp. (KGC) .Here are highlights from Wednesday’s Analyst Blog:2 Gold Mining Stocks That Could Explode Under Trump’s Tariffs Despite ebbing recession fears and a ...