Goldminers slide in pre-market as front-month Gold futures fall below $3,200
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
0mins
Gold Mining Stocks Decline: Shares of major gold mining companies, including Newmont and Barrick Mining, are experiencing a downturn in pre-market trading as gold futures drop below $3,200 per ounce for the first time since April 10th.
Percentage Drops Noted: Specific declines noted include Newmont down 2.1%, Agnico Eagle down 2.3%, Barrick Mining down 2.3%, Franco-Nevada down 1.9%, and Kinross Gold down 2.3%.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy B?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.690
Low
44.31
Averages
58.14
High
71.00
Current: 37.690
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
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.
Crawford & Company Appoints New CEO
- New CEO Appointment: Crawford & Company has appointed W. Bruce Swain Jr. as President and CEO effective immediately, having served in an interim capacity since January 1, which reflects the company's confidence in his leadership capabilities.
- Board Changes: Board member Jesse C. Crawford Sr. announced he will not seek re-election at the 2026 annual shareholder meeting, marking the end of over four decades with the firm, indicating a significant shift in the company's governance structure.
- Honorary Title Bestowal: Following the shareholder meeting, Crawford Sr. will be named an honorary board member and emeritus officer, recognizing his long-term contributions while facilitating a smooth transition to the new board.
- Future Outlook: The company anticipates a subdued claims environment in Q1 2026, reflecting current market challenges and uncertainties that may impact overall performance, highlighting the need for strategic adjustments moving forward.
See More
Middle East Conflict Drives Oil Prices Up, Raising Inflation Concerns
- Oil Price Surge Affects Inflation: The ongoing conflict in the Middle East has driven oil prices higher, intensifying inflation concerns and prompting the Federal Reserve to likely raise interest rates, which will increase debt costs for businesses and impact the overall economy.
- Decline in Gold and Silver Prices: Despite a 2% appreciation of the dollar, gold and silver prices have fallen by 10% and 16% respectively over the past week and a half, as investors shift towards more attractive bonds, leading to declines in precious metal stocks like Newmont and Barrick by 15% and 16% respectively.
- Rising Transportation Costs: The increase in oil prices directly raises transportation costs, which in turn drives up overall prices, creating an inflationary cycle that affects consumer and business spending decisions.
- Shift in Investor Behavior: As interest rates rise, investors are more inclined to purchase bonds that pay interest rather than gold and silver, which do not, leading to further declines in the precious metals market and reflecting a cautious market sentiment regarding future economic conditions.
See More
Rising Oil Prices Impact Precious Metal Stocks
- Market Risk Aversion: Following U.S. and Israeli bombings of Iran, investors flocked to safe-haven assets like gold, causing the dollar to rise about 2% over the past three weeks, which typically depresses commodity prices, yet the opposite occurred.
- Oil Price Surge Impact: After Iran closed the Strait of Hormuz, global oil shipments were restricted, leading to rising oil prices, while gold and silver prices fell steadily over the past week and a half, down 10% and 16%, respectively.
- Major Mining Companies Affected: Newmont and Barrick experienced stock declines of 15% and 16% over the last seven trading days, while Hecla Mining, the largest silver producer in the U.S., saw a 17% drop, highlighting the close correlation between precious metal stocks and commodity prices.
- Inflation and Interest Rates: Rising oil prices increase transportation costs, triggering inflation, which is likely to prompt the Federal Reserve to raise interest rates, making bonds more attractive to investors than gold and silver, further exacerbating the decline in precious metal stocks.
See More
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
Federal Reserve May Delay Rate Cuts Amid Rising Oil Prices and Inflation
- Metal Stocks Plummet: Amid surging oil prices due to the Iran war, metal prices have significantly dropped, with Newmont's shares falling 13.5% this week and over 25% since the conflict began, reflecting market concerns over metal demand.
- Rising Operational Costs: Brent crude oil prices have surged more than 50% since the Iran war, leading to skyrocketing operational costs for mining companies, resulting in significant stock declines for major players like Barrick and Hecla, with Hecla's stock down over 50% from its January peak.
- Market Environment Challenges: The metals and mining sector is under immense pressure from high interest rates, rising energy costs, and a stronger dollar, prompting companies like Newmont and Barrick to focus on debt reduction and asset restructuring to maintain financial stability.
- Investor Confidence Tested: Despite increased market volatility, companies like BHP demonstrate resilience with strong cash flows and high margins, suggesting that investors should maintain confidence in fundamental demand to navigate short-term market fluctuations.
See More
Global Markets Decline Amid Inflation Concerns
- Market Decline: On Thursday, the S&P 500 fell by 0.27%, the Dow Jones Industrial Average by 0.44%, and the Nasdaq 100 by 0.29%, indicating a broad market decline driven by inflation concerns and investor pessimism.
- Energy Price Volatility: Crude oil prices experienced significant fluctuations as WTI initially rallied before retreating after Israel's assistance to the US in opening the Strait of Hormuz, highlighting the direct impact of geopolitical tensions on energy markets.
- Rising Bond Yields: The 10-year German Bund yield rose to a 2.25-year high of 3.01%, while the 10-year US Treasury yield reached a 6.75-month high of 4.32%, reflecting market expectations of potential tightening monetary policies by central banks, which could increase borrowing costs.
- Economic Data Impact: US weekly initial jobless claims unexpectedly fell to 205,000, indicating a strong labor market, while the Philadelphia Fed business outlook survey unexpectedly rose to a 6-month high of 18.1, further intensifying market concerns over potential interest rate hikes.
See More
Crawford & Company Appoints New CEO
- New CEO Appointment: Crawford & Company has appointed W. Bruce Swain Jr. as President and CEO effective immediately, having served in an interim capacity since January 1, which reflects the company's confidence in his leadership capabilities.
- Board Changes: Board member Jesse C. Crawford Sr. announced he will not seek re-election at the 2026 annual shareholder meeting, marking the end of over four decades with the firm, indicating a significant shift in the company's governance structure.
- Honorary Title Bestowal: Following the shareholder meeting, Crawford Sr. will be named an honorary board member and emeritus officer, recognizing his long-term contributions while facilitating a smooth transition to the new board.
- Future Outlook: The company anticipates a subdued claims environment in Q1 2026, reflecting current market challenges and uncertainties that may impact overall performance, highlighting the need for strategic adjustments moving forward.
See More
Middle East Conflict Drives Oil Prices Up, Raising Inflation Concerns
- Oil Price Surge Affects Inflation: The ongoing conflict in the Middle East has driven oil prices higher, intensifying inflation concerns and prompting the Federal Reserve to likely raise interest rates, which will increase debt costs for businesses and impact the overall economy.
- Decline in Gold and Silver Prices: Despite a 2% appreciation of the dollar, gold and silver prices have fallen by 10% and 16% respectively over the past week and a half, as investors shift towards more attractive bonds, leading to declines in precious metal stocks like Newmont and Barrick by 15% and 16% respectively.
- Rising Transportation Costs: The increase in oil prices directly raises transportation costs, which in turn drives up overall prices, creating an inflationary cycle that affects consumer and business spending decisions.
- Shift in Investor Behavior: As interest rates rise, investors are more inclined to purchase bonds that pay interest rather than gold and silver, which do not, leading to further declines in the precious metals market and reflecting a cautious market sentiment regarding future economic conditions.
See More
Rising Oil Prices Impact Precious Metal Stocks
- Market Risk Aversion: Following U.S. and Israeli bombings of Iran, investors flocked to safe-haven assets like gold, causing the dollar to rise about 2% over the past three weeks, which typically depresses commodity prices, yet the opposite occurred.
- Oil Price Surge Impact: After Iran closed the Strait of Hormuz, global oil shipments were restricted, leading to rising oil prices, while gold and silver prices fell steadily over the past week and a half, down 10% and 16%, respectively.
- Major Mining Companies Affected: Newmont and Barrick experienced stock declines of 15% and 16% over the last seven trading days, while Hecla Mining, the largest silver producer in the U.S., saw a 17% drop, highlighting the close correlation between precious metal stocks and commodity prices.
- Inflation and Interest Rates: Rising oil prices increase transportation costs, triggering inflation, which is likely to prompt the Federal Reserve to raise interest rates, making bonds more attractive to investors than gold and silver, further exacerbating the decline in precious metal stocks.
See More
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
Federal Reserve May Delay Rate Cuts Amid Rising Oil Prices and Inflation
- Metal Stocks Plummet: Amid surging oil prices due to the Iran war, metal prices have significantly dropped, with Newmont's shares falling 13.5% this week and over 25% since the conflict began, reflecting market concerns over metal demand.
- Rising Operational Costs: Brent crude oil prices have surged more than 50% since the Iran war, leading to skyrocketing operational costs for mining companies, resulting in significant stock declines for major players like Barrick and Hecla, with Hecla's stock down over 50% from its January peak.
- Market Environment Challenges: The metals and mining sector is under immense pressure from high interest rates, rising energy costs, and a stronger dollar, prompting companies like Newmont and Barrick to focus on debt reduction and asset restructuring to maintain financial stability.
- Investor Confidence Tested: Despite increased market volatility, companies like BHP demonstrate resilience with strong cash flows and high margins, suggesting that investors should maintain confidence in fundamental demand to navigate short-term market fluctuations.
See More
Global Markets Decline Amid Inflation Concerns
- Market Decline: On Thursday, the S&P 500 fell by 0.27%, the Dow Jones Industrial Average by 0.44%, and the Nasdaq 100 by 0.29%, indicating a broad market decline driven by inflation concerns and investor pessimism.
- Energy Price Volatility: Crude oil prices experienced significant fluctuations as WTI initially rallied before retreating after Israel's assistance to the US in opening the Strait of Hormuz, highlighting the direct impact of geopolitical tensions on energy markets.
- Rising Bond Yields: The 10-year German Bund yield rose to a 2.25-year high of 3.01%, while the 10-year US Treasury yield reached a 6.75-month high of 4.32%, reflecting market expectations of potential tightening monetary policies by central banks, which could increase borrowing costs.
- Economic Data Impact: US weekly initial jobless claims unexpectedly fell to 205,000, indicating a strong labor market, while the Philadelphia Fed business outlook survey unexpectedly rose to a 6-month high of 18.1, further intensifying market concerns over potential interest rate hikes.
See More
