Initially, the March jobs report seemingly boded well for the economy, thus negating the urgency tied to recession-resistant stocks. However, the latest consumer price index (CPI) reading suggested that not all may be well, forcing a portfolio reassessment.Primarily, inflation is coming in hotter than anticipated due to soaring energy prices. Unfortunately, the strong labor market happens to be exacerbating this dynamic. After all, a lower unemployment rate implies more dollars are chasing after fewer goods ...

Barrick Gold (GOLD) closed at $18.04 in the latest trading session, marking a +0.78% move from the prior day. This move outpaced the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq increased by 1.68%.Heading into today, shares of the gold and copper mining company had gained 12.02% over the past month, outpacing the Basic Materials sector's gain of 3.54% and the S&P 500's gain of 0.8% in that time.The investment community will be paying ...

After testing investor patience for an extended period, gold has finally surged higher. Currently, the precious metal trades at all-time highs of $2,350 an ounce. The sentiments look bullish and it’s a good time to look at gold stocks for profits.There are multiple reasons that have supported the rally in gold. The most important factor is the possibility of multiple rate cuts in the coming quarters. Expansionary monetary policies translate into a weaker dollar, and hard assets surge higher.Further, global ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Barrick Gold (GOLD) , which belongs to the Zacks Mining - Gold industry.This gold and copper mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 21.43%.For the last reported quarter, Barrick Gold came out with earnings of $0.27 per share ve ...

In recent days, the price of gold has risen above $2,300 per ounce for the first time, hitting an all-time high in the process. Spot gold is currently trading at a record high of $2,356.50 an ounce, so it makes sense that precious metals investors are turning their attention to gold stocks. Gold’s price is marching higher on prospects for lower interest rates and as central banks around the world increase their stores of bullion. On April 3, U.S. Federal Reserve Chair Jerome Powell said that stubborn inflat ...

Vancouver, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. ("NevGold" or the "Company") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is very pleased to announce that it was a first mover staking approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) contiguous tomineral claims held by Hercules Silver Corp. (("Hercules", TSXV:BIG) within the emerging Hercules Copper Trend of southwestern Idaho. The Zeus Copper Project ("Zeus" or the "Project") is located approximate ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Barrick Gold (GOLD) .Barrick Gold currently has an average brokerage recommendation (ABR) of 1. ...

Gold stocks are on the rise, with the yellow metal surging to a record high earlier today on the heels of February's personal consumption expenditures (PCE) price index, which was in line expectations and fueled hopes of interest rate cuts. In response, Barrick Gold Corp (NYSE:GOLD) and Royal Gold Inc (NASDAQ:RGLD) are on the rise today. GOLD was last seen up 1.3% to trade at $16.85 -- its highest level since January. The security is on track for a third-straight gain, and has cleared a confluence of moving ...

Financial Performance - Revenues for Q4 2023 reached $3,059 million, a 7% increase from Q3 2023, and total revenues for the year were $11,397 million, up 3% from 2022[27]. - Net earnings for Q4 2023 were $479 million, a 30% increase from Q3 2023, and for the year, net earnings surged 194% to $1,272 million compared to $432 million in 2022[27]. - Free cash flow for Q4 2023 was $136 million, a significant decrease of 62% from Q3 2023, but increased by 50% year-over-year to $646 million[27]. - Total consolidated capital expenditures for 2023 were $3,086 million, a 1% increase from $3,049 million in 2022[27]. - Adjusted net earnings for Q4 2023 were $466 million, an increase of $48 million from the previous quarter, driven by a realized gold price of $1,986 per ounce compared to $1,928 per ounce in Q3 2023[41]. - For the year ended December 31, 2023, net earnings reached $1,272 million, significantly higher than $432 million in 2022, aided by a $120 million impairment reversal and a $300 million gain from the Reko Diq project[42]. Production and Costs - The company anticipates a production guidance of approximately 4.5 million ounces of gold and 500 million pounds of copper for the upcoming year[7]. - Gold production in Q4 2023 was 1,054 thousand ounces, a slight increase of 1% from Q3 2023, while annual production decreased by 2% to 4,054 thousand ounces[27]. - Total cash costs per ounce of gold are projected to be around $1,000, while C1 cash costs per pound of copper are expected to be approximately $3.00[7]. - Barrick's all-in sustaining costs per ounce of gold are projected to be around $1,200, indicating a commitment to maintaining cost efficiency[7]. - The cost of sales for gold in 2023 was $1,334 per ounce, with a forecasted range of $1,320 to $1,420 per ounce for 2024[69]. - Total cash costs for gold in 2023 were $960 per ounce, with a forecasted range of $940 to $1,020 per ounce for 2024[69]. Capital Expenditures and Investments - Barrick plans to invest $1.5 billion in capital expenditures for growth projects, including the Goldrush Project and the Pueblo Viejo plant expansion[7]. - The company aims to achieve a 15% return on Tier One capital investments and a 20% return on Tier Two Gold Assets, focusing on organic growth and strategic asset development[21]. - Barrick's total attributable capital expenditures for 2023 were $2.36 billion, with a forecast for 2024 ranging from $2.50 billion to $2.90 billion[69]. - Capital expenditures for gold and copper in 2024 are expected to be between $2,500 million and $2,900 million, higher than the 2023 actual spend of $2,363 million[87]. Exploration and Development - The company is actively pursuing new exploration opportunities, with a pipeline of high-confidence projects at or near existing operations[7]. - Barrick's exploration and project expenses for 2023 were $361 million, with a forecast for 2024 between $400 million to $440 million[69]. - A comprehensive evaluation program is planned for the Fourmile deposit, targeting an update to mineral resources by the end of 2024[157]. Environmental and Social Governance - Barrick aims to enhance its environmental and social governance initiatives, including greenhouse gas emissions reduction targets[7]. - The company set a minimum GHG emissions reduction target of 30% by 2030 against a 2018 baseline of 7,541 kt CO2e[127]. - The water recycling and reuse rate for Q4 2023 was approximately 84%, with an annual target set at 80%[133]. - The company aims for net zero GHG emissions by 2050, primarily through reductions and some offsets for hard-to-abate emissions[128]. - In 2023, the company achieved a 9% reduction in injuries compared to 2022, with an 18% decrease in Lost Time Injuries (LTIs) and a 25% decrease in Restricted Duty Injuries[104]. Debt and Liquidity - The company reported a debt of $4,726 million as of December 31, 2023, a 1% decrease from the previous quarter[27]. - Barrick's liquidity profile is impacted by outstanding debt balances, with a primary source of liquidity being operating cash flow, which is dependent on projected future cash flows[171]. - The company has a $3.0 billion undrawn Credit Facility available to enhance liquidity, alongside options like asset sales and joint ventures[171]. Community Engagement - The company reported a community development spend of $15.4 million in Q4 2023 and a total of $43.2 million for the full year[111]. - Barrick has established Community Development Committees (CDCs) at all operating mines to identify local community needs and allocate funds accordingly[171]. Market Conditions and Economic Factors - The average gold price for 2023 was $1,941 per ounce, an 8% increase from the 2022 average of $1,800 per ounce, with prices ranging from $1,805 to an all-time high of $2,135 per ounce[138]. - The US Federal Reserve raised benchmark interest rates to a range of 5.25% to 5.50% by the end of 2023, with expected cuts in 2024 as inflationary pressures are forecasted to ease[150].

Exhibit 99.2 Management's Discussion and Analysis ("MD&A") Quarterly Report on the Third Quarter of 2023 annual audited consolidated financial statements for the two years ended December 31, 2022, the related annual MD&A included in the 2022 Annual Report, and the most recent Form 40–F/Annual Information Form on file with the U.S. Securities and Exchange Commission ("SEC") and Canadian provincial securities regulatory authorities. These documents and additional information relating to the Company are availa ...