Barnes (US:B) Zhi Tong Cai Jing·2025-09-22 23:20Core Viewpoint - Barrick Mining has experienced a significant stock price increase due to the promising potential of its Fourmile project in Nevada, which is expected to become a major new gold mine, enhancing the company's outlook after facing challenges in high-risk regions [1][2] Group 1: Stock Performance - Barrick Mining's stock has risen for four consecutive trading days, marking the largest four-day gain since early 2020, with a 7.2% increase on September 16, reaching $35.36 per share, the highest level since January 2013 [1] - The stock has accumulated a 23% increase since the announcement of the Fourmile project [1] Group 2: Project Significance - The Fourmile project has a potential annual gold production of up to 750,000 ounces and is described by the company as "one of the greatest gold discoveries of the century" [1] - The discovery is particularly noteworthy amid increasing pressures on mining companies to maximize shareholder returns, as exploration and development of new deposits become more challenging and costly [1] Group 3: Analyst Insights - Analysts have raised price forecasts for Barrick Mining, with TD Cowen's Steven Green labeling the Fourmile project a "game changer" and noting significant valuation recovery potential due to the stock's poor performance in recent years [2] - Stifel analyst Ralph Profiti estimates the value of the Fourmile project to exceed $10 billion, while BMO Capital Markets analyst Matthew Murphy estimates its value at $9.2 billion [2]