Analyst Background - The analyst started trading on the Moscow Exchange in 2005 and has been a financial markets analyst since 2010 [2] - The analyst has worked in several brokerage companies in Russia and Ukraine, and also for a leading financial media outlet in Ukraine, covering global markets [2] - The analyst specializes in macroeconomics and general market trends, with a background in economic education from Yakutsk State University [2] Seeking Alpha Contribution - The analyst views Seeking Alpha as a platform to transition from regional markets to global markets, sharing insights and ideas with a worldwide audience [2] - The analyst has no current stock, option, or derivative positions in the mentioned companies but may initiate a long position in GOLD within the next 72 hours [2] Disclosure and Disclaimer - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide investment recommendations or advice [3] - The platform's analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any regulatory body [3]

The latest trading session saw Barrick Gold (GOLD) ending at $15.84, denoting a -0.81% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.26% for the day. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.77%.Heading into today, shares of the gold and copper mining company had lost 5.78% over the past month, outpacing the Basic Materials sector's loss of 9.43% and lagging the S&P 500's loss of 2.82% in that time.The upcoming earnings rel ...

Group 1 - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] - Subscribers receive access to current portfolios and buy/sell alerts, indicating a proactive investment strategy [1] Group 2 - The article emphasizes the importance of position sizing in the volatile precious metals sector, recommending that investments in small-cap precious metals stocks should be limited to 5% or less of an investor's portfolio [2]

Company Performance - Barrick Gold (GOLD) closed at $15.23, reflecting a -1.81% change from the previous session, underperforming the S&P 500 which had a daily loss of 0.09% [1] - Over the past month, Barrick Gold's shares have decreased by 13.3%, compared to a 7.73% loss in the Basic Materials sector and a 0.29% loss in the S&P 500 [1] Financial Projections - Barrick Gold is expected to report an EPS of $0.46, indicating a 70.37% growth year-over-year [2] - For the full year, earnings are projected at $1.28 per share and revenue at $13.48 billion, representing increases of +52.38% and +18.31% respectively from the previous year [2] Analyst Sentiment - Recent shifts in analyst projections for Barrick Gold should be monitored, as positive revisions indicate optimism regarding the company's business and profitability [3] - The Zacks Rank system, which reflects these estimate changes, provides actionable insights for investors [4] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.16, which aligns with the industry average [6] - The company holds a PEG ratio of 0.41, compared to the industry average PEG ratio of 0.51 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 79, placing it in the top 32% of all industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

TORONTO, Dec. 19, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") is pleased to announce the receipt of the first construction payment under its previously announced US$175 million streaming agreement with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton") (see press release dated December 5, 2024). The first of the four planned payments from Wheaton is in the amount of US$43,750,000 and the fu ...

Core Viewpoint - Barrick Gold's stock has underperformed despite rising gold prices, primarily due to operational challenges and increased costs [1][2]. Group 1: Stock Performance - Barrick Gold stock has fallen approximately 21% over the last two months, trading around $17 per share, while the S&P 500 is up about 3% [1]. - Over the past three years, Barrick's annual returns were -13% in 2021, -6% in 2022, and 8% in 2023, showing less volatility compared to the S&P 500 [3]. Group 2: Gold Prices and Market Conditions - Gold prices have surged from around $2,050 per ounce in early January to about $2,650 currently, marking one of the highest annual rises in a decade [1]. - Factors driving gold prices include moderating U.S. inflation, market volatility, and geopolitical risks [1]. Group 3: Operational Challenges - Barrick faced significant operational challenges, including production setbacks at the Pueblo Viejo mine and lower ore grades from some mines [1]. - In Q3 2024, Barrick sold 967,000 ounces of gold, a 6% decline from 1,027,000 ounces in the same quarter last year [1]. Group 4: Cost Structure - Barrick's all-in sustaining costs rose 20% year-over-year to $1,507 per ounce in Q3, influenced by lower production and inflationary pressures [2]. - The increase in costs may be driving investors towards more cost-efficient mining companies [2]. Group 5: Future Outlook - Barrick's performance is expected to improve in Q4 and the coming year due to the ramp-up of the Pueblo Viejo plant and increased throughput at Nevada Gold Mines [3]. - The company has recorded a 44% year-over-year increase in net earnings per share in the first nine months of 2024, driven by higher gold prices [3]. - Barrick's expansion into the copper business could provide additional upside, given copper's relevance in electric vehicles and renewable energy [3].

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 ...

All amounts expressed in US dollars TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) reports that although it had previously agreed on a framework to achieve a global resolution of the disputes with the Government of Mali over the Loulo-Gounkoto complex, it has to date been unsuccessful in arriving at a final resolution despite numerous good-faith attempts to negotiate and a willingness to compromise beyond its legal rights. Barrick has engaged constructively with the ...

Core Viewpoint - Scottie Resources Corp. has reported new assay results from its 2024 drilling at the Scottie Gold Mine, including the discovery of a new high-grade zone named the Wolf Zone, which shows promising gold intercepts [1][3]. Drilling Results - The Wolf Zone was discovered with an intercept of 6.85 g/t gold over 5.85 metres, including a higher-grade section of 19.4 g/t gold over 2.00 metres [3]. - The N Zone also showed strong results with an intercept of 37.6 g/t gold over 4.1 metres [3]. - Additional intercepts included 6.46 g/t gold over 2.15 metres and 18.2 g/t gold over 1.00 metre [3]. Exploration Context - The drill hole SR24-353 was designed to explore potential parallel vein zones south of the historic mine and to test lower parts of the L and N Zones [3][4]. - The Wolf Zone's discovery opens up a new high-grade drill target near the Scottie Gold Mine, which is expected to enhance the upcoming resource estimate [3][4]. Historical Background - The Scottie Gold Mine operated from 1981 to 1985, producing 95,426 ounces of gold at an average grade of 16.2 g/t [8]. - The primary producing zone historically was the M Zone, which accounted for over 90% of past production, while the N Zone was noted for its significant expansion potential [5][8]. Geological Insights - The mineralization at the Scottie Gold Mine consists of steeply dipping shear veins hosted in andesitic volcanic rocks, with 13 distinct gold-bearing vein zones identified [6][8]. - Recent exploration has linked various deposits to a common mineralizing event, enhancing the understanding of the geological framework [7]. Future Plans - The drill pad for SR24-353 will be utilized for follow-up drilling of the Wolf Zone in 2025, indicating ongoing exploration efforts [4].

TORONTO, Dec. 5, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") is pleased to announce that it has entered into final documentation for a streaming transaction (the "Stream Transaction") with Wheaton Precious Metals International Ltd. ("WPMI"), a wholly-owned subsidiary of Wheaton Precious Metals Corp., ("Wheaton"). Under the terms of the streaming agreement, Allied will receive an aggregate $175 million upfront cash payment (the "Advance Amount") to suppo ...