Shares of Barrick Mining (NYSE: B) are down around 0.5% so far this year and off roughly 20% from their 52-week high of $54.69. Based on those numbers, you would think the Canadian mining company is having a bad year, but that's far from the case. The company reported gold production of 719,000 ounces in the first quarter, up from its guidance of 640,000 to 680,000 ounces.
Copper production rose 11%, year over year, to 49,000 tonnes. That increased production, along with elevated prices for gold and copper, is leading to better financials. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Barrick's share price presents an opportunity.
Here are three reasons why the stock may be a buy now. After falling from its all-time high of $5,590 per troy ounce in January, gold is back on the rebound. In June, it had tumbled to below $4,000 per troy ounce for the first time since November 2025, but now it is back over $4,300 per ounce.
While gold is typically viewed as a safe-haven play, its gains during 2025 made gold holdings an obvious asset for liquidity-hit investors to sell once the conflict in Iran broke out at the end of February. On top of that, the rising oil costs stemming from that conflict raised concerns about inflation and potentially higher interest rates, which can make investing in gold less attractive. As of Aug. 7, though, the precious metal was back up to $4,340 per ounce, up more than 5% over the past month.
Some analysts think a new gold run may just be beginning. JPMorgan Chase Global Research forecasts prices per ounce to average $6,000 per ounce by the final quarter of 2026, rising toward $6,300 per ounce by the end of 2027. And gold is only part of the equation.
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