Barrick Gold Corp.

Strong Operational Performance: Barrick reported a solid quarter with production at the top end of guidance, driven by growth in both gold and copper outputs. Year-on-year improvements were noted in operating cash flow, free cash flow, and earnings, reflecting the strength of their business model amid a high gold price environment. The company maintained a dividend of $0.10 per share while reducing debt and continuing a share buyback program.

Strategic Asset Rationalization: The $1 billion sale of the Donlin asset was highlighted as a strategic move to focus on Tier-1 assets, specifically moving resources towards promising projects like Fourmile, which shows potential with gold grades reportedly more than double those at Goldrush. This focus on high-potential assets reflects a disciplined capital allocation strategy.

Exciting Growth Projects: Significant advancements were made in growth projects, including Reko Diq moving into the construction phase and Pueblo Viejo aiming for production of over 800,000 ounces by 2026. Fourmile is now in feasibility studies, showcasing Barrick’s commitment to expanding its production base in promising regions.