Barrick Mining Considers Spinning Off North American Gold Assets, Projecting 4.5 Million Ounces Annually Through 2029
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Gold Market Returns: As of January 16, the SPDR Gold ETF has delivered a remarkable 135.7% return over the past three years, significantly outperforming the S&P 500, highlighting gold's strong investment appeal and attracting numerous investors.
- Barrick Mining Outlook: As the world's second-largest gold producer, Barrick is projected to extract 4.5 million ounces of gold annually through 2029, making its stock closely tied to gold prices, with potential for further gains if gold continues to rise.
- Dual Role in Copper and Gold: Barrick's status as a leading gold producer is complemented by its significant copper production, with copper serving as a key macroeconomic indicator, thereby enhancing its competitive position in the market and providing additional investment support.
- Asset Spin-off Potential: Barrick is considering spinning off its North American gold assets, which could unlock value for investors; if the transaction proceeds, the company would retain a significant stake in the newly formed entity focused on prime assets in Nevada and the Dominican Republic.
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About ABX
Abacus Global Management, Inc. is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. The Company’s segments include Asset Management, Life Solutions and Technology Services. The Asset Management segment provides asset management services to primarily institutional investors alongside private clients investing in uncorrelated and longevity-based assets, fixed-income replacement strategies and free cash flow based investment solutions. It also provides policy servicing activities to customers on a contract basis. The Life Solutions segment is engaged in buying, selling, and trading policies, and maintaining policies until receipt of death benefits. The Technology Services segment provides real-time mortality verification, missing participant verification, and other services specific to the life insurance market services to customers on a contract basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
