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Gold.com Reports Fiscal Second Quarter 2026 Results
Globenewswire· 2026-02-05 21:05
Q2 FY 2026 Diluted Earnings Per Share of $0.46 $11.6 Million in Net Income and $33.9 Million in non-GAAP EBITDA in Q2 FY 2026 Company Announces Quarterly Cash Dividend Completes Rebrand to Gold.com and Transition to New York Stock Exchange (NYSE: GOLD) COSTA MESA, Calif., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Gold.com, Inc. (NYSE: GOLD), (“Gold.com” or the “Company”), a fully integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consume ...
Barrick advances North American gold spinout
KITCO· 2026-02-05 17:13
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(GOLD) - 2025 Q4 - Earnings Call Transcript
2026-02-05 17:02
Financial Data and Key Metrics Changes - The company achieved record financial results in Q4 2025, with a 45% increase in revenues from Q3, driven by increased production and a 21% rise in realized gold prices [9][10] - Net earnings nearly doubled from the prior quarter, and the company reported record quarterly cash flow, free cash flow, earnings per share, and a cash balance [9][10] - For the year, cash flow from operations reached $7.7 billion and free cash flow was $3.9 billion, up 71% and 194% year-over-year, respectively [10][11] - The company ended the year with a net cash position of $2 billion, indicating a strong balance sheet [11] Business Line Data and Key Metrics Changes - Gold production increased by 5% from Q3, with a full-year total of 3.26 million ounces, aligning with guidance [7][22] - Copper production rose by 13% from Q3, driven by higher throughput at Lumwana [7] - The company restructured its business units, placing key processing facilities under common leadership to enhance operational efficiency [7] Market Data and Key Metrics Changes - The company reported a significant increase in EBITDA, with a 53% rise compared to the prior quarter, reflecting higher margins due to the increased gold price [11] - The company anticipates gold production in 2026 to be between 2.9-3.25 million ounces, with expectations of higher production in the latter half of the year [22] Company Strategy and Development Direction - The board has decided to prepare for an initial public offering (IPO) of Barrick's North American gold assets, targeting completion by late 2026 to maximize shareholder value [4][25] - The company is focusing on operational discipline and safety as top priorities, with plans to adjust remuneration frameworks to attract and retain talent [17][5] - The company aims to maintain a strong focus on high-quality assets and will continue to invest in gold while divesting non-core assets [102] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production guidance for 2026, citing a strong start to the year and improved operational performance [15][22] - The company is committed to safety and health, emphasizing the need for improvement following past incidents [5][6] - Management acknowledged challenges in attracting and retaining talent but is implementing changes to address these issues [17] Other Important Information - The company has a robust reserve and resource base, with attributable proven and probable gold reserves totaling 85 million ounces [24] - The new dividend policy targets a payout of 50% of attributable free cash flow, with a significant increase in the quarterly dividend [12][13] Q&A Session Summary Question: IPO potential and strategic value - Management believes a partial IPO of North American assets will unlock more value than a full separation, as the current portfolio is undervalued [30][32] Question: Intended proceeds from the IPO - The specifics of the intended proceeds will be determined as part of the preparation work for the IPO [34][36] Question: Reko Diq financing status - Management is reviewing the security situation in Balochistan before proceeding with financing [39] Question: Changes in mine plans and guidance - The company has conducted a comprehensive review of mine plans, leading to more confidence in production delivery [43][46] Question: Importance of Veladero asset - Veladero is considered a core asset and has not been explored for divestiture [56][57] Question: Recovery rates at PV - The company is targeting a recovery rate of 84%, with ongoing efforts to optimize stockpile blending [62][64] Question: Cost outlook post-2026 - Management indicated that costs are expected to remain flat, without providing specific guidance [92][93]
Barrick(GOLD) - 2025 Q4 - Earnings Call Transcript
2026-02-05 17:02
Financial Data and Key Metrics Changes - Barrick achieved record financial results in Q4 2025, with revenues increasing by 45% from Q3, driven by higher production and a 21% increase in realized gold prices [10] - Net earnings nearly doubled from the prior quarter, and the company reported record quarterly cash flow, free cash flow, earnings per share, and cash balance [10][11] - For the year, cash flow from operations reached $7.7 billion and free cash flow was $3.9 billion, up 71% and 194% year-over-year, respectively [11][12] - The company ended the year with a net cash position of $2 billion, indicating a strong balance sheet [12] Business Line Data and Key Metrics Changes - Gold production increased by 5% from Q3, with a full-year total of 3.26 million ounces, aligning with guidance [8][23] - Copper production rose by 13% from Q3, driven by higher throughput at Lumwana [8] - The operational review led to a restructuring of business units, enhancing operational efficiency [8] Market Data and Key Metrics Changes - The gold price increased by 21%, contributing to higher margins and cash flow [10][12] - The company anticipates gold production in 2026 to be between 2.9-3.25 million ounces, with a focus on ramping up production at Loulo-Gounkoto [23] Company Strategy and Development Direction - Barrick plans to proceed with an IPO of its North American gold assets, targeting completion by late 2026 to maximize shareholder value [5][26] - The company is focused on safety as its top priority for 2026, following operational achievements overshadowed by fatalities in the previous year [6][7] - The management team has been restructured to enhance operational experience and efficiency [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production guidance for 2026, citing a strong start to the year and improved operational discipline [16][17] - The company is committed to maintaining a focus on high-quality assets and strategic growth, particularly in North America [33][103] Other Important Information - The board has authorized a new dividend policy, increasing the base dividend by 40% to $0.175 per quarter, with a target to pay out 50% of attributable free cash flow [13][14] - The company has successfully resolved disputes in Mali, regaining operational control and ramping up production [21][76] Q&A Session Summary Question: Can you discuss the strategic rationale behind the IPO of NGM and PV? - Management believes a partial IPO will unlock more value than a full separation, as the North American assets are undervalued within Barrick [31][34] Question: What are the intended proceeds from the IPO? - The specifics of the use of proceeds will be determined as part of the preparation work for the IPO [36] Question: Can you provide an update on the Reko Diq financing? - Management is reviewing the security situation in Balochistan before proceeding with financing [40] Question: How has the mine plan review impacted guidance, particularly for Carlin? - The review has led to more realistic production targets based on actual performance, with a focus on achieving consistent delivery [44][46] Question: Is Veladero considered a non-core asset? - Veladero is not non-core and has been one of the top-performing assets in the last year [57] Question: What is the expected recovery rate at PV? - The target recovery rate is 84%, with ongoing efforts to optimize stockpile blending [62][64] Question: Will Barrick sell more gold assets in the future? - The focus remains on high-quality assets, and any dispositions will align with the strategic filter [103]
Barrick(GOLD) - 2025 Q4 - Earnings Call Transcript
2026-02-05 17:00
Financial Data and Key Metrics Changes - Barrick achieved record financial results in Q4 2025, with a 45% increase in revenues from Q3, driven by increased production and a 21% rise in realized gold prices [8][9] - Net earnings nearly doubled from the prior quarter, and the company reported record quarterly cash flow, free cash flow, earnings per share, and cash balance [8][9] - For the year, cash flow from operations reached $7.7 billion and free cash flow was $3.9 billion, up 71% and 194% year-over-year, respectively [9][10] - The company ended the year with a net cash position of $2 billion, indicating a strong balance sheet [10] Business Line Data and Key Metrics Changes - Gold production increased by 5% from Q3, with a full-year total of 3.26 million ounces, aligning with guidance [6][19] - Copper production rose by 13% from Q3, driven by higher throughput at Lumwana [6] - The operational review led to a restructuring of business units, enhancing operational efficiency [6][15] Market Data and Key Metrics Changes - The gold price increased by 21%, contributing to higher margins and EBITDA [10] - The company reported a significant increase in shareholder returns, marking the highest annual returns in Barrick's history [10] Company Strategy and Development Direction - Barrick plans to proceed with an IPO of its North American gold assets, targeting completion by late 2026 to maximize shareholder value [4][10] - The company is focused on safety as its top priority for 2026, following operational challenges in the previous year [5][15] - The management team has been restructured to enhance operational experience and effectiveness [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production guidance for 2026, with expectations of increased production from Loulo-Gounkoto and slight increases from other operations [19][20] - The company is optimistic about the operational performance in Nevada, indicating a strong start to 2026 [19][84] Other Important Information - The board has authorized a 40% increase in the quarterly dividend to $0.175, reflecting a commitment to returning cash to shareholders [11][12] - The company has resolved disputes in Mali and regained operational control, with plans to ramp up production [18][75] Q&A Session Summary Question: What is the strategic rationale behind the partial IPO of NGM and PV? - Management believes that a partial IPO will unlock more value than a full separation, as the North American assets are undervalued within Barrick [32][33] Question: What are the intended proceeds from the IPO? - The specifics of the use of proceeds will be determined as part of the preparation work for the IPO [36] Question: What is the latest on the Reko Diq financing? - Management is reviewing the security situation in Balochistan before proceeding with financing [38] Question: How has the mine plan review affected guidance, particularly for Carlin? - The review has led to more realistic production targets based on actual performance, with some reductions in expected output but increased confidence in delivery [42][44] Question: Is Veladero considered a non-core asset? - Veladero is not non-core and is one of the top-performing assets, with no plans for divestiture [54] Question: What is the guidance for recovery rates at PV? - The target recovery rate has been adjusted to 84%, with ongoing efforts to optimize stockpile blending [61][62] Question: How will costs be managed going forward? - Management indicated that costs are expected to remain flat, with no specific guidance provided for the next couple of years [94] Question: Will Barrick sell more gold resources? - The focus remains on high-quality assets, and any dispositions will align with the strategic filter [104]
Barrick(GOLD) - 2025 Q4 - Earnings Call Presentation
2026-02-05 16:00
Fourth Quarter 2025 Results February 5, 2026 Agenda Today's Speakers Q4 2025 RESULTS │ 2 Mark Hill President and CEO Graham Shuttleworth Senior EVP & CFO 1 Q4 2025 Highlights 2 Safety & Health 3 Operational Highlights 4 Financial Highlights 5 Capital Allocation 6 Regional Results 7 Guidance 8 Reserves & Resources 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 ...
A2GOLD COMMENCES EXPANDED GRAVITY SURVEY TO ADVANCE HIGH-PRIORITY TARGETS AT EASTSIDE
Prnewswire· 2026-02-05 14:15
TONOPAH, Nev., Feb. 5, 2026 /PRNewswire/ - A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce that it has commenced an expanded gravity survey at its 100%-owned Eastside Project in Esmeralda County, Nevada. The expanded program is designed to further delineate and gain clarity on several newly identified geophysical targets that were only partially captured along the margins of the Company's recently completed, property-wide gravity survey. ABOUT EASTSIDE ...
纳指收跌1.43%,沃尔玛市值首次突破1万亿美元,中概指数跌0.94%
Ge Long Hui· 2026-02-04 00:33
Market Overview - The three major U.S. stock indices closed lower, with the Dow Jones down 0.34%, the Nasdaq down 1.43%, and the S&P 500 down 0.83% [1] - Popular technology stocks experienced declines, with Broadcom falling over 3%, and Microsoft, Nvidia, and Meta each dropping over 2% [1] Sector Performance - The rare earth, non-ferrous metals, and precious metals sectors saw significant gains, with gold resources rising over 20%, Southern Copper up over 11%, Americas Silver up over 8%, and Pan American Silver up over 5% [1] - Conversely, application software, cryptocurrency, and weight loss drug stocks faced notable declines, with Novo Nordisk down over 14%, Coinbase and Circle each down over 4%, and Eli Lilly and Pfizer each down over 3% [1] Notable Company Movements - Walmart's stock increased by 2.94%, marking its market capitalization surpassing the $1 trillion milestone for the first time [1] - The Nasdaq Golden Dragon China Index fell by 0.94%, with significant declines in popular Chinese stocks such as Daqo New Energy down 5.6%, Bilibili down 4%, and Kingsoft Cloud down 3.5% [1] - Alibaba dropped 2.9%, while NIO rose 0.8%, Pony.ai increased by 2%, Huazhu up 2.2%, New Oriental up 2.3%, Li Auto up 2.7%, Canadian Solar up 4.1%, and Xpeng up 4.3% [1]
金银矿股大幅回升,受贵金属价格反弹带动
Jin Rong Jie· 2026-02-03 16:43
Core Viewpoint - Precious metal prices have rebounded after a three-day decline, leading to a widespread rally in gold and silver mining stocks [1] Group 1: Gold Mining Companies - Newmont's stock increased by 4.0% [1] - Barrick Mining's stock rose by 4.3% [1] - Agnico Eagle Mines saw a 3.8% increase in stock price [1] - Franco-Nevada's stock went up by 2.1% [1] - Kinross Gold experienced a 4.4% rise [1] - New Gold's stock surged by 5.2% [1] Group 2: Silver Mining Companies - Coeur Mining's stock increased by 6.0% [1] - Endeavour Silver's stock rose by 5.7% [1] - Pan American Silver saw a 5.7% increase [1] - Silvercorp Metals' stock went up by 5.0% [1] Group 3: Precious Metal Prices - Spot gold prices rose by 6.2% at one point [1] - Spot silver prices increased by 12% at one point [1]
PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÁRMENES PROJECT, SPAIN
Prnewswire· 2026-02-03 12:26
PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÃRMENES PROJECT, SPAIN [Accessibility Statement] Skip NavigationTSXV: PGZ | OTCQB: PGZFF | FRA: 2EU- Phase 3 drill program to commence in first quarter of 2026- More than two dozen untested gold and polymetallic targets identified across the Cármenes Project- Polymetallic mineralization (Au–Cu–Ni–Co) confirmed beyond the limits of historical mining- Free native gold identified in hematite breccia: potential for favourable metallurgy- High-grade inte ...