Randgold Resources Limited - American Depositary Shares each represented by one (GOLD)
17.73
+0.04 (0.23%)
Barrick Gold Corp is a leading global mining company primarily focused on the extraction and production of gold, along with the mining of other metals such as copper
With a portfolio of strong, diverse assets located across various regions, the company is dedicated to sustainable and responsible mining practices. Barrick Gold employs advanced technologies and innovative methods to enhance operational efficiency and reduce environmental impact, while also prioritizing community engagement and development initiatives in the areas where it operates. The company's commitment to growth and value creation is reflected in its strategic partnerships and exploration efforts to discover new resources.
Barrick Gold is resolving a dispute with Mali's junta over mining reforms. It halted operations and lowered production guidance, but signed a new agreement and plans to invest in large-scale projects in Zambia and Pakistan.
Gold has long been considered a safe-haven investment, prized for its stability and ability to retain value over time. Unlike fiat currencies, gold has consistently served as a store of wealth.
Operating cash flow increased 20% year-over-year to $4.49 billion, while free cash flow more than doubled to $1.32 billion, driven by strong earnings and disciplined cost management, according to management.
Barrick Gold Corporation (NYSEGOLD) shares are trading higher Wednesday after the company reported better-than-expected fourth-quarter adjusted earnings and announced a new $1 billion stock buyback program.
Building a mine is a difficult, multi-decade process with high costs and risks. Shutting down productive mines for legal disputes leads to supply shortage and higher prices, affecting the industry and economy.
The prospect of new trade restrictions has heightened concerns about inflation and potential trade wars, fueling demand for gold, traditionally seen as a hedge against economic and geopolitical instability.
Kinross Gold receives a double upgrade to "Buy" with a price target of $12.75, as production forecasts rise to 2M GEOs annually. Barrick Gold, however, faces challenges with mine shutdowns and tax disputes, leading to a downgrade to "Neutral." Analyst adjustments project Kinross boosting shareholder returns in 2025, while Barrick grapples with risks in Mali and the Dominican Republic.
Barrick Gold is reshaping its portfolio to prioritize large-scale projects and profit from copper tailwinds. Reko Diq project in Pakistan could generate $74B in free cash flow, despite challenges in the region.
Barrick Gold shares are trading higher by 1.4% during Friday's session. Mining stocks are rising, likely in sympathy with Rio Tinto and Glencore's potential merger talks.
Amid an ongoing revenue dispute with Mali, Barrick Gold’s temporary shutdown has retail investors on Stocktwits questioning the company’s future operations in the region.
