Shares of Barrick Gold Corporation GOLD are slightly higher Monday. They are at resistance and may be about to break through it. This could lead to the shares moving higher and a new uptrend forming.The chart of Barrick has the attention of many technical analysts because there is well-defined support and resistance. This is why it is our Stock of the Day.Gold is trading near all-time highs and Barrick has followed it.  Some analysts say the move higher is a classic ‘flight to safety.' The tech sector has b ...

Company Performance - Barrick Gold closed at $18.78, with a +0.27% change from the previous day, lagging behind the S&P 500's 2.13% gain [1] - The stock has increased by 1.57% over the past month, outperforming the Basic Materials sector's decline of 4.39% and the S&P 500's drop of 9.57% [1] Earnings Forecast - Barrick Gold is expected to report an EPS of $0.25, reflecting a 31.58% increase from the same quarter last year [2] - For the full year, projected earnings are $1.47 per share and revenue is estimated at $13.52 billion, indicating changes of +16.67% and +4.65% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Barrick Gold indicate the dynamic nature of near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [3] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.73, which is lower than the industry average of 13.34 [6] - The company has a PEG ratio of 0.44, compared to the industry average PEG ratio of 0.88 [6] Industry Ranking - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

A month has gone by since the last earnings report for Barrick Gold (GOLD) . Shares have added about 1.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Barrick Gold due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns ...

Financial Performance - Barrick Gold Corporation's financial performance for the year ended December 31, 2024, should be analyzed in conjunction with the audited consolidated financial statements [417]. - The financial outlook for 2025 includes expectations regarding future price assumptions and overall financial performance [432]. - Barrick's revenues for Q4 2024 reached $3,645 million, an 8% increase from Q3 2024, and a 13% increase year-over-year from $3,368 million in Q4 2023 [443]. - Net earnings for Q4 2024 were $996 million, representing a 106% increase compared to Q3 2024 and a 69% increase from $1,272 million in 2023 [443]. - For the year ended December 31, 2024, net earnings were $2,144 million, compared to $1,272 million in 2023, reflecting a significant increase in adjusted net earnings to $2,213 million, the highest since 2013 [467]. - Free cash flow for 2024 was $1,317 million, a 104% increase from $646 million in 2023 [443]. - Operating cash flow for Q4 2024 was $1,392 million, an increase of $212 million from Q3 2024, primarily due to a higher realized gold price and lower cash costs [470]. - Free cash flow for Q4 2024 was $501 million, compared to $444 million in Q3 2024, reflecting higher operating cash flows despite increased capital expenditures [471]. Production and Sales - Gold production in Q4 2024 was 1,080 thousand ounces, a 15% increase from Q3 2024, while gold sold remained stable at 965 thousand ounces [443]. - The realized gold price in Q4 2024 was $2,657 per ounce, a 7% increase from Q3 2024 and a 23% increase year-over-year [443]. - Total gold production in 2024 was 775,000 oz, which is 11% lower compared to 2023 due to lower grades processed and a reduction in open pit ore mined [607]. - Gold sold in Q4 2024 was 185,000 oz, a 1% increase from Q3 2024, while gold sold for the year decreased by 10% to 777,000 oz [601]. - The average realized gold price in 2024 was $2,349/oz, which is $449/oz higher than in 2023 [608]. Costs and Expenditures - Total attributable capital expenditures for 2024 were $2,607 million, a 10% increase from $2,363 million in 2023 [443]. - Cost of sales for gold in 2025 is projected to be between $1,460 and $1,560 per ounce, compared to $1,442 per ounce in 2024 [491]. - All-in sustaining costs per ounce for 2024 were $1,730, which is 16% higher than in 2023, primarily due to higher total cash costs and increased capital expenditures [608]. - Cost of sales per ounce for 2024 was $1,429, which is 14% higher than in 2023, primarily due to lower grades processed and lower recoveries [608]. - Total cash costs per ounce in Q4 2024 decreased by 10% compared to Q3 2024, influenced by increased production [615]. Strategic Initiatives - The company is focused on achieving sustainability goals, including GHG reduction targets and community engagement initiatives [421]. - Barrick's strategy includes potential asset sales, joint ventures, and partnerships to optimize resource management [421]. - The company aims for a 15% required return on Tier One capital investments and a 20% return on Tier Two Gold Assets [442]. - A new share buyback program was authorized for up to $1 billion over the next 12 months, following the repurchase of $498 million in shares in 2024 [477]. Exploration and Reserves - As of December 31, 2024, Barrick's proven and probable gold mineral reserves increased to 89 million ounces at an average grade of 0.99 g/t, up from 77 million ounces at 1.65 g/t in 2023, reflecting a year-over-year increase of 17.4 million ounces before depletion [570]. - Barrick replaced over 180% of its gold mineral reserve depletion since year-end 2019, adding almost 46 million ounces of attributable proven and probable mineral reserves [571]. - Attributable proven and probable copper mineral reserves grew by 224% year-on-year to 18 million tonnes at 0.45%, up from 5.6 million tonnes at 0.39% in 2023, driven by feasibility studies for Lumwana and Reko Diq [580]. Environmental and Community Engagement - The company maintained a community development spend of over $48 million for 2024 [527]. - The interim GHG emissions reduction target is a minimum of 30% by 2030 against a 2018 baseline of 7,541 kt CO2-e [539]. - The company set an annual water recycling and reuse target of 80%, achieving approximately 85% for Q4 2024 [545]. - The company's total Scope 1 and 2 GHG emissions for Q4 2024 were 1,866 kt CO2-e, with preliminary annual emissions of 7,305 kt CO2-e, representing a 5% increase from 2023 [541]. Market Conditions - The market gold price averaged $2,663 per ounce in Q4 2024, reflecting an 8% increase from Q3 2024 [443]. - Copper prices averaged $4.15 per pound in 2024, with a range from $3.69 to an all-time high of $5.04 per pound [555]. - The price of WTI crude oil averaged $76 per barrel in 2024, with a range between $65 and $88 per barrel [562].

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Core Insights - New Gold Inc. has appointed Travis Murphy as Vice President of Operations, effective March 24, 2025 [1] - Mr. Murphy has over 18 years of experience in the mining industry, previously serving as Principal Advisor – Productivity for Newmont Corporation [2] - The appointment is seen as timely for New Gold, aligning with the company's operational goals and commitment to safety [3] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [4] - The company's vision is to become a leading diversified intermediate gold company in Canada, emphasizing environmental and social responsibility [4]

Barrick Gold Corporation’s (GOLD) stock is rebounding after a lackluster 2024, thanks to skyrocketing gold prices. The gold giant’s prices are up 19.1% so far this year after declining around 14% last year amid concerns over high production costs and operational issues across certain mines that impacted production, as well as its dispute with the Malian government over dividing the economic benefits from its Loulo-Gounkoto gold mine complex. With bullion prices continuing to zoom upward amid economic and ge ...

PEMBROKE, Bermuda, March 5, 2025 /PRNewswire/ -- Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) announced today that its wholly owned subsidiary, GR Mining (Barbados) Inc. (GR Mining), filed a request for arbitration against the Bolivarian Republic of Venezuela ("Venezuela") under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes of the World Bank in Washington, D.C.The arbitration arises from Venezuela's arbitrary and unlawful measures that deprived GR Minin ...

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VANCOUVER, BC, March 3, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Chad Williams to its board of directors (the "Board"). Effective immediately, Mr. Williams will replace Collin Kettell, Founder of New Found, who is stepping off the Board.Mr. Williams is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously held the positions of ...