Barrick Mining Corp (B)

[NYBob]

NOVAGOLD and Paulson Advisers Announce $1 Billion Transaction
to Acquire 50% of the Donlin Gold Project From Barrick
April 22, 2025



https://novagold.com/novagold-and-paulson-advisers-announce-1-billion-10056/

Trump wants direct talks with Xi – Politico
The US president is reportedly not interested in informal diplomatic contact with China on trade



https://www.rt.com/news/616077-trump-wants-talks-xi/

Loy Brunson on the major shocking information thats going to be released on TAXATION
GHardJoe



https://loybrunson.com/

https://rumble.com/v6s5ub7-loy-brunson-on-the-major-shocking-information-thats-going-to-be-released-on.html

Dr. Jim Willie PhD Urgent Emergency 4.22.25 - This Is NOT the People's Debt; It’s Congress's!
Trump News Channel



https://rumble.com/v6sf8fh-dr.-jim-willie-urgent-emergency-4.22.25-this-is-not-the-peoples-debt-its-co.html?e9s=src_v1_ucp

President Trump To Attend Funeral Of Pope Francis In Rome
"We look forward to being there!"
By Mary Margaret Olohan
Apr 21, 2025 DailyWire.com



https://www.dailywire.com/news/president-trump-to-attend-funeral-of-pope-francis-in-rome

Trump Gives CHILLING Message to America - Worldwide Shaking
Trump News Channel



https://rumble.com/v6sev8p-trump-gives-chilling-message-to-america-worldwide-shaking.html?e9s=src_v1_ucp

Major Announcement - The White House just SHOCKED EVERYONE
Trump News Channel



https://rumble.com/v6sbx97-major-announcement-the-white-house-just-shocked-everyone.html?e9s=src_v1_ucp

CHILDREN TORTURED - Situation Update 4/19/25 - Trump Takes Down Deep State, EBS Activation & Mass Arrests;
Worldwide Military Takeover
Trump News Channel



https://rumble.com/v6sbm83-situation-update-41925-trump-takes-down-deep-state-ebs-activation-and-mass-.html?e9s=src_v1_ucp

And We Know 4.19.25 - Trump "The Big Arrest"? A Traitor’s Justice; Time is Running Out!
Trump News Channel



https://rumble.com/v6sbjhz-and-we-know-4.19.25-trump-the-big-arrest-a-traitors-justice-time-is-running.html?e9s=src_v1_ucp

Shocking Events Unfolding In China’s Gold Market!



https://kingworldnews.com/shocking-events-unfolding-in-chinas-gold-market/

JV Article: Aris boosts gold production in Colombia



https://www.northernminer.com/news/jv-article-aris-boosts-gold-production-in-colombia/1003877204/


HAPPY EASTER, EVERYBODY!!!✝️🙏🥳🥳🥳
il Donaldo Trump



https://rumble.com/v6sa63f-happy-easter-everybody.html?e9s=src_v1_viral


Music Service - April 13, 2025 - Pastor Bob Joyce - Household of Faith Church - Benton, Arkansas USA

https://www.youtube.com/watch?v=1gAk_su8yEM

Pastor Bob Joyce (Household of Faith)


Good Friday to Easter: The Complete Death & Resurrection of Jesus 2025

https://www.youtube.com/watch?v=F8lFS479cCk

Elvis Presley HAPPY EASTER Easter 1957
KINGMJ KING ELVISPRESLEY

https://www.youtube.com/watch?v=w3QYoOZk1-U


1 HOUR AGO! Alberta’s SHOCKING Announcement! Is Separation Finally Happening -♥️
STAR NEWS - $ALBERTA, with something like two trillion barrels worth of conventional oil in its tar sands, ♥️
will supply and care for all North AMERICA'S oil energy needs for 200 years ♥️
and the United States with about a trillion barrels of shale oil, are the planet’s ♥️
new super giant energy powers. ♥️
And We Know 4.9.25: Trump "Next Phase", AMERICA was for SALE. NO MORE, COMMS Everywhere
Trump News Channel[/bb]


America’s Missing Gold: The BIGGEST Cover-up in History

https://youtu.be/LaRFmd8alsw

https://www.youtube.com/watch?v=IuYDUBdjrTM

https://youtu.be/LaRFmd8alsw

Albertans Ready to Separate From Canada: UPDATE! 51st U.S. State or Full Independence?
PJ The Belt

https://www.youtube.com/watch?v=mqfKhAIme0s

Michael Swistun, CEO & President
Amex Club Investor Presentation



Missed our presentations at the Amex Club in Toronto and Montreal?
🎥 Click here to watch the full presentation;

https://vimeo.com/1073777203/c20099c709?share=copy

https://canadiangoldcorp.com/canadian-gold-corp-doubles-the-phase-4-drill-program-at-tartan-mine-following-mcewen-mining-investment/

[jsc52033]

PMs beginning to run

[jsc52033]

not sure what caused it but all my PMs gaped on the 10th except CMCL which gaped on the 9th
Aem 113.62, Gold 19.53, CGAU 6.35, OR 21.91, KGC 13.90, SAND 7.78, CMCL 12.29, Paas 25.21, DRD 15.59
notice these also all pay a nice DIV which makes easy to keep adding.

[jsc52033]

yes it was nottice today giving it back
My chart is telling me wait until Tuesday to buy this has a nice gap
at 19.53

[biotech_researcher]

Wow, what a move up! Breathtaking..

[biotech_researcher]

Gold miners are the best choice now for gold investors.. Leverage..!

[ArcherGolem731]

Whats going on here?

[biotech_researcher]

UBS put out this morning an upgrade, new PT $22.

[BottomBounce]

U.S. Representative Introduces Bill to End Federal Taxation on Gold and Silver bullion holdings
https://www.moneymetals.com/uploads/content/Monetary-Metals-Tax-Neutrality-Act-text.pdf $GOLD $NEM

[jsc52033]

earlier they were saying 3,000 wasto be the top in 2025 it sure looks like it must higher don't you think

[NYBob]

$GOLD XAU/USD Price Forecast Today, Technical Analysis (February 10): Gold Continues to Break Even Higher
FXEmpire
114K subscribers
Feb 10, 2025
The gold market has eclipsed the psychologically important $2900 level on Monday in the early hours of trading.
At this point, it remains “buy on the dips.”

https://www.youtube.com/watch?v=eNcVseUFadM


XAU/USD Price Forecast Today, Technical Analysis (February 07): Gold Hits New Record but Reverses
FXEmpire
114K subscribe

https://www.youtube.com/watch?v=zgqTU-9Dv60


On Track to 450K Oz Gold @ $2800 Market: The Ultimate Growth Story | Oliver Dachsel - $Aris Mining
The Deep Dive
32.5K subscribers

https://www.youtube.com/watch?v=I42eKeWeHeU

General Flynn > We Defeated A Coup Attempt Now The People Want Accountability ❤️



https://rumble.com/v6fseej-general-flynn-we-defeated-a-coup-attempt-now-the-people-want-accountability.html?e9s=src_v1_ucp

$1M GOLD NOT FIAT Bitcoin in 2025? | Trump's Plan to End the Fed Revealed!

I think we are certainly getting near that collapse the way that currencies are going down
and debt is going up and the way that GOLD is reflecting that.



https://rumble.com/v6feblj-1m-bitcoin-in-2025-trumps-plan-to-end-the-fed-revealed.html?e9s=src_v1_e


The System of Money | Inside the Financial Machine | Understanding the Matrix
Moconomy
1.13M subscribers

https://www.youtube.com/watch?v=EVp5Q8_Ydm4

10,000/oz Silver if Mr. TRUMP Drains the "Silver Swamp!"? ♥️

$Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a mineral exploration and production company
($PGDC : TSXV) / ($HGLD : USOTC)
The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433

WATCH "Trump’s Bold Move: The END of Silver Price Manipulation? Gold & Silver Market Shock 2025!"
Silver & Gold
618 subscribers

https://www.youtube.com/watch?v=REkbFA7HRI4

GOD BLESS

[NYBob]

XAU/USD Price Forecast Today, Technical Analysis (February 07): Gold Hits New Record but Reverses
FXEmpire
114K subscribe

https://www.youtube.com/watch?v=zgqTU-9Dv60

XAU/USD Price Forecast Today, Technical Analysis (February 06): Gold Retreats After Record High
FXEmpire
114K subscribers

https://www.youtube.com/watch?v=EUV0pS0Qskw

XAU/USD Price Forecast Today, Technical Analysis (February 05): Gold Continues to Power Ahead
FXEmpire
113K subscribers

https://www.youtube.com/watch?v=hBa3HkXS6Io

Gold Price Forecast: Hits New Highs, Eyes Further Gains Amid Strong Demand
By: Bruce Powers
Published: Feb 04, 2025, 21:49 GMT+00:00

Gold surged to a record high of $2,845, maintaining strong momentum. Key resistance and support levels will determine whether the rally continues, or a pullback starts.

https://www.youtube.com/watch?v=PaeyOUhPO6U

On Track to 450K Oz Gold @ $2800 Market: The Ultimate Growth Story | Oliver Dachsel - $Aris Mining
The Deep Dive
32.5K subscribers

https://www.youtube.com/watch?v=I42eKeWeHeU

General Flynn > We Defeated A Coup Attempt Now The People Want Accountability ❤️



https://rumble.com/v6fseej-general-flynn-we-defeated-a-coup-attempt-now-the-people-want-accountability.html?e9s=src_v1_ucp

$1M GOLD NOT FIAT Bitcoin in 2025? | Trump's Plan to End the Fed Revealed!

I think we are certainly getting near that collapse the way that currencies are going down
and debt is going up and the way that GOLD is reflecting that.



https://rumble.com/v6feblj-1m-bitcoin-in-2025-trumps-plan-to-end-the-fed-revealed.html?e9s=src_v1_e


The System of Money | Inside the Financial Machine | Understanding the Matrix
Moconomy
1.13M subscribers

https://www.youtube.com/watch?v=EVp5Q8_Ydm4

10,000/oz Silver if Mr. TRUMP Drains the "Silver Swamp!"? ♥️

$Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a mineral exploration and production company
($PGDC : TSXV) / ($HGLD : USOTC)
The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433

WATCH "Trump’s Bold Move: The END of Silver Price Manipulation? Gold & Silver Market Shock 2025!"
Silver & Gold
618 subscribers

https://www.youtube.com/watch?v=REkbFA7HRI4

GOD BLESS

[jsc52033]

NYBob I wonder iof Chelse Clinto paid any tax on the 84 million she received

[jsc52033]

thanks eom

[jsc52033]

thanks eom

[NYBob]

Barrick Gold CEO on Prices, World Risk, Dispute With Mali, M&A, Share Buybacks
Bloomberg Television
2.44M subscribers

https://www.youtube.com/watch?v=IyWI2nlbLxs

Trump cites tariffs in call to merge Canada, US
by Aris Folley and Taylor Giorno - 01/06/25 6:30 PM ET



https://thehill.com/newsletters/business-economy/5070401-trump-cites-tariffs-in-call-to-merge-canada-us/

THE Dark Truth of USAID EXPOSED: The Largest Criminal Fraud Operation History | Mike Benz Bombs LIVE
Benny Johnson
2.82M subscribers

https://www.youtube.com/live/jXu4hxOII2Y

XAU/USD Price Forecast Today, Technical Analysis (February 05): Gold Continues to Power Ahead
FXEmpire
113K subscribers

https://www.youtube.com/watch?v=hBa3HkXS6Io

Gold Price Forecast: Hits New Highs, Eyes Further Gains Amid Strong Demand
By: Bruce Powers
Published: Feb 04, 2025, 21:49 GMT+00:00

Gold surged to a record high of $2,845, maintaining strong momentum. Key resistance and support levels will determine whether the rally continues, or a pullback starts.

https://www.youtube.com/watch?v=PaeyOUhPO6U

On Track to 450K Oz Gold @ $2800 Market: The Ultimate Growth Story | Oliver Dachsel - Aris Mining
The Deep Dive
32.5K subscribers

https://www.youtube.com/watch?v=I42eKeWeHeU

General Flynn > We Defeated A Coup Attempt Now The People Want Accountability ❤️



https://rumble.com/v6fseej-general-flynn-we-defeated-a-coup-attempt-now-the-people-want-accountability.html?e9s=src_v1_ucp

$1M GOLD NOT FIAT Bitcoin in 2025? | Trump's Plan to End the Fed Revealed!

I think we are certainly getting near that collapse the way that currencies are going down
and debt is going up and the way that GOLD is reflecting that.



https://rumble.com/v6feblj-1m-bitcoin-in-2025-trumps-plan-to-end-the-fed-revealed.html?e9s=src_v1_e


The System of Money | Inside the Financial Machine | Understanding the Matrix
Moconomy
1.13M subscribers

https://www.youtube.com/watch?v=EVp5Q8_Ydm4

10,000/oz Silver if Mr. TRUMP Drains the "Silver Swamp!"? ♥️

$Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a mineral exploration and production company
($PGDC : TSXV) / ($HGLD : USOTC)
The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433

WATCH "Trump’s Bold Move: The END of Silver Price Manipulation? Gold & Silver Market Shock 2025!"
Silver & Gold
618 subscribers

https://www.youtube.com/watch?v=REkbFA7HRI4

GOD BLESS

[biotech_researcher]

Everything is lining up for gold....

[GE_Jim]

??????????? , ok.

[kirimayne]

It's interesting to see the latest updates on Barrick Gold and their stock price movement. Staying informed on financial trends is crucial for making well-informed decisions. Speaking of quality, for anyone in the food and beverage industry looking for premium glassware, I recommend https://mcdonaldpaper.com/libbey-8512a4-16-oz-montibello-iced-tea-glass-dz/. The Libbey 16 oz Montibello Iced Tea Glass is a perfect choice for serving beverages in style. I’ve personally used these glasses in my establishment, and they’re not only durable but also have an elegant design that elevates the dining experience.

[Bountiful_Harvest]

2-3% yield...

[kirimayne]

Thanks for sharing this update on Barrick Gold's performance and the change in its price target. For those of us in Australia looking for a bit of entertainment alongside keeping up with market trends, queenspins is a great platform. It offers a wide range of exciting casino games and special bonuses tailored to Australian players. It’s the perfect way to unwind after following the latest market news or financial reports.

[biotech_researcher]

This is set up to really RUN INTO THE ELECTION…

[continuity]

Thank you Monksdream!

[Monksdream]

GOLD new 52 week high

[Monksdream]

Good to see

[continuity]

New 52 week High?????????????? Yes sir!

[Monksdream]

GOLD new 52=week high

[biotech_researcher]

Getting a lift..

[Doubledown75]

Reverse the carry trade and it doubles overnight lol

[biotech_researcher]

Gold should be up $200 per ounce if Pamela Harris replaces Biden…

[Stockminder]

I saw that and put in 2 buy orders at .26 both were rejected even thought I saw sales printing.

[Termite7]

Asking myself that, too!!!

[continuity]

https://www.moneycontrol.com/news/business/markets/nyse-equities-investigating-technical-issues-after-multiple-stocks-show-volatility-trading-halts-12739662.html
Halted for volatility! WOW.

[continuity]

25 cents? WTF?

[biotech_researcher]

Yes, this will all of a sudden engage and off she goes. Barrick has little net debt now..

[continuity]

this should be racing right now. 1% rise in gold prices should be several percent rise in mining stock. IMHO, people are going to start FOMO investing any day????

[Bountiful_Harvest]

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=GOLD

[Doubledown75]

Winner winner chicken dinner

[Lokotony]

IS there a reason for this?

[Lokotony]

I swear, I can never make a good move. NOW this stock is being destroyed, for no apparent reason! One day, I'll make one good decision.

[tootalljones]

15 ish may show, in 5 years from now when Barrick cracks 100 bucks, to have been the bottom of a huge 5+ year bull market in the now hated gold miners. .....boasting a 7 percent dividend and wild capital gains. The world is gonna change, there is no question about that. The financial markets are living in the past. As if they can defy the debt and the change that must ensue. This guy sees the future.

[Lokotony]

THANK YOU for all of the info!!!!!

[tootalljones]

i bought around another 25,000 shares of barrick this a.m.....here is a nice article on why is it much cheaper than AEM....
https://www.pgpf.org/blog/2022/07/national-debt-could-be-over-twice-the-size-of-the-economy-in-just-30-years
--------------

Dividends Analysis


Barrick Gold Vs. Agnico Eagle Mines: Only One Of These Is A Strong Buy
Dec. 23, 2023 7:15 AM ETBarrick Gold Corporation (GOLD) Stock, AEM Stock, ABX:CA Stock, AEM:CA StockGDX, NEM, NGT:CA129 Comments
Samuel Smith profile picture
Samuel Smith
Investing Group Leader
About this article
Ticker
Analyst rating
STRONG BUY
Price at publication
$18.31
Last price
$15.68
Change since publication
-14.39%
S&P 500 change since publication
3.44%
Days since publication
39
Summary
Barrick Gold and Agnico Eagle Mines are leading gold miners with strong balance sheets and diversified asset portfolios.
While we are bullish on the long-term outlook for gold, we think only one of these miners is a Strong Buy at the moment.
We compare them side-by-side and offer our take on which is the better buy right now.
I am Samuel Smith, Vice President of Leonberg Capital. I lead the investing group High Yield Investor where we do our best to find the right balance between safety, growth, yield, and value.
Stack of gold bars
brightstars

Barrick Gold Corporation (NYSE:GOLD) and Agnico Eagle Mines Limited (NYSE:AEM) are leading blue-chip gold miners (GDX) with decent dividends and promising growth profiles alongside high-quality asset portfolios and strong balance sheets. In this article, we will compare them side by side and offer our take on which one is a Strong Buy right now.

GOLD Stock Vs. AEM Stock: Asset Portfolios
Agnico Eagle is the third-largest gold miner in the world, with a strong presence in low geopolitical risk geographies such as Canada, Mexico, Finland, and Australia. The company's portfolio includes five main assets: Detour Lake, Canadian Malartic, Meadowbank, Meliadine, and Fosterville. These mines contribute significantly to Agnico's annual production of 3.1 million ounces of gold, along with minor production of copper, zinc, and silver. That being said, the company's overall portfolio contains both low-cost and higher-cost mines, resulting in an average all-in-sustaining cost (AISC) of USD $1,100 per ounce in 2022.

AEM's portfolio growth has been notable over the years, expanding from one operating mine in 2008 to 11 by 2022, including the addition of high-grade, low-cost mines through its recent merger with Kirkland Lake Gold. However, recently, the company's return on invested capital has fallen below its weighted average cost of capital, indicating challenges in generating sustainable economic returns. Agnico's strategic focus on the Abitibi region, along with developments like Hope Bay and Hammond Reef projects, aims to increase production, but cost management and capital efficiency remain critical for long-term success.

Meanwhile, Barrick Gold ranks one spot ahead of AEM as the world's second-largest gold miner, with operations in more geographically diverse and geopolitically risky regions, including the Americas, Africa, the Middle East, and Asia. The acquisition of Randgold in 2019 and the formation of Nevada Gold Mines ("NGM") in a joint venture with Newmont (NEM) were significant steps in its expansion and increased focus on what it calls "tier 1" mines in a strong move to improve production quality and efficiency. NGM exemplifies the company's emphasis on cost reduction through its operational synergies. However, despite the quality of its assets, GOLD's significant presence in higher geopolitical risk areas poses lingering risks to the company's bottom line despite its efforts to adhere to high environmental standards and contribute to local communities at all of its operations.

Like AEM, GOLD's asset base is diversified across both low-cost and higher-cost mines, leading to an average AISC of USD $1,200 per ounce in 2022. Barrick's growth prospects include expanding production at the NGM joint venture, Pueblo Viejo mine, and Lumwana copper mine, with potential developments like Fourmile and Reko Diq promising substantial increases in production (including a large increase in copper production) in the years to come.

Despite their diversified portfolios, both companies face similar challenges in generating returns above their cost of capital. Agnico Eagle's focus on lower-risk areas is a strategic advantage, but its portfolio's cost structure and return metrics suggest a need for improved efficiency. Barrick's diversified global presence, coupled with strategic joint ventures like NGM, highlights its scale and operational synergies. However, Barrick also grapples with balancing its portfolio's costs and maximizing returns on invested capital while also dealing with higher geopolitical risks.

Both companies are focusing on optimizing existing operations and expanding through strategic organic projects whenever possible instead of pursuing expensive acquisitions such as their peer Newmont recently did through its acquisition of Newcrest. Agnico Eagle's attention to the Abitibi region and its expansion through mergers and acquisitions highlight its growth-oriented approach. In contrast, Barrick's emphasis on organic growth, as seen in developments like Fourmile and Reko Diq, suggests a long-term view aimed at leveraging existing infrastructure and maximizing resource potential.

GOLD Stock Vs. AEM Stock: Balance Sheets
Both Barrick Gold and Agnico Eagle Mines Limited have solid balance sheets. Barrick Gold has a strong liquidity profile (with billions of dollars in cash and undrawn liquidity on its credit line), an investment-grade credit rating, and basically zero net debt. Moreover, it also consistently generates free cash flow from its operations, giving it a steady stream of cash combined with existing balance sheet liquidity to pay a nice dividend to shareholders, buy back shares opportunistically, and also be positioned to make other opportunistic growth investments that align with its overall corporate strategy and long-term vision.

Agnico Eagle Mines also has a strong balance sheet with a very manageable amount of debt and also has plenty of liquidity and consistently generates free cash flow. Moreover, its less geopolitical risk than Barrick puts less potential stress on its balance sheet should a worst-case scenario play out for either company.

As the chart below shows, GOLD has come a long way in reducing its debt burden over the years whereas AEM has had consistently low debt levels.

Chart
Data by YCharts
GOLD Stock Vs. AEM Stock: Growth Profiles
Barrick Gold plans to double its copper production by the end of the decade and increase it further to an estimated 1 billion pounds or 450,000 tonnes per annum by 2031. The Reko Diq project in Pakistan and the Lumwana Super Pit Expansion are two critical projects that will help achieve this growth. When at full production, Reko Diq is expected to be among the world's top 10 copper mines, while the Lumwana Super Pit Expansion is expected to deliver up to 240,000 tonnes of copper per year.

Barrick's gold growth initiatives are expected to increase the company's production by around 30% to 6.8 million gold-equivalent ounces by 2031. The company is also exploring the high-grade opportunity at Horsham in the Carlin District and multi-million-ounce potential growth opportunities at Turquoise Ridge.

Agnico Eagle aims to expand its mill at Detour beyond 28Mtpa and conduct a study for an underground component, combining to potentially contribute around 300koz pa to production. Meanwhile, the Canadian Malartic Complex is progressing with the Odyssey development and evaluating exploration opportunities. Agnico Eagle has partnered with Teck Resources in a 50/50 joint venture for the San Nicolás copper-zinc project in Zacatecas, Mexico. The San Nicolás project is one of the largest undeveloped volcanic-hosted massive sulfide deposits globally and is expected to produce 63 thousand tonnes per annum of copper and 147 ktpa of zinc in concentrate over its initial five years.

In addition to both GOLD's and AEM's production growth initiatives, we are bullish on the long-term outlook for both copper and gold prices. We expect factors such as accelerating central bank purchases of gold, escalating geopolitical tensions, and the likelihood of Federal Reserve interest rate cuts next year to drive gold prices meaningfully higher. Moreover, Goldman Sachs has predicted a significant jump in copper prices in the coming years due to an existing supply deficit and strong anticipated demand growth, particularly from electrification and electric vehicle growth.

Combining strong production volume growth potential with favorable price outlooks for the underlying metals produced gives both businesses a substantial long-term growth outlook. Production costs will also have a significant impact on profitability levels, though increased robotics and artificial intelligence technologies should help provide some deflationary relief on that side of the profitability equation as well (and some already is via increased digitization of mining operations and the growing use of autonomous trucks at some mining sites), though it may be several years before any noticeable impact is felt.

GOLD Stock Vs. AEM Stock: Valuations
On a head-to-head basis, GOLD is more attractively priced than AEM. GOLD's Price to Net Asset Value (P/NAV) ratio stands at 1.04x, indicating that its stock is trading near its net asset value. In contrast, AEM's P/NAV ratio is significantly higher at 1.48x, indicating that its stock is priced at a premium relative to its net assets.

On an EV/EBITDA basis, GOLD is trading at just 6.05x, which is significantly lower than AEM's 8.19x. This lower ratio for GOLD implies a more attractive valuation in terms of operational earnings. Furthermore, GOLD's NTM Price-to-earnings (P/E) ratio of 16.78x is substantially lower than AEM's 28.51x, which further highlights that investors are paying a higher price for AEM's earnings compared to GOLD's. In terms of free cash flow generation, the Price to Free Cash Flow (P/FCF) ratio for GOLD is 20.42x, compared to AEM's higher 24.91x, further reinforcing the narrative that GOLD is cheaper than AEM.

Both offer pretty attractive dividend yields by gold mining industry standards (north of 2%), with AEM paying out a stable quarterly dividend that has grown over time:

Chart
Data by YCharts
Meanwhile, GOLD has a variable rate dividend payout policy based on the amount of cash on hand at the end of each quarter. While not as attractive as a fixed policy like AEM's, GOLD's policy gives it much more capital allocation flexibility and also enables management to buy back stock aggressively whenever it is opportunistic to do so without compromising its balance sheet strength. Given the nature of the mining industry, we think that GOLD's dividend policy actually makes more sense.

After comparing them across the spectrum of major valuation metrics, we can confidently conclude that GOLD stock is far less expensive than AEM at the moment, and we also think that its dividend/buyback/capital allocation policy makes more sense for the gold mining business model than AEM's does.

GOLD Stocks Vs. AEM Stock: Investor Takeaway
Both GOLD and AEM are blue-chip stocks, and - given our bullish long-term outlook on gold and copper - we think both are reasonable, if not attractive, investments right now. While AEM has the edge in terms of lower geopolitical risk in its locations, GOLD is larger, has a stronger balance sheet at the moment, and also has more promising growth potential in copper.

Last but not least, GOLD's stock price is far cheaper than AEM's. As a result, we rate Barrick Gold Corporation a Strong Buy and rate Agnico Eagle Mines Limited a Buy.

This article was written by

Samuel Smith profile picture
Samuel Smith
28.84K Followers
Samuel Smith is Vice President of Leonberg Capital,

[tootalljones]

don't sell, add. This little rangebound thing is coming to an end. they always do. this stock is a double in 1 year to 18 months.
All you need to do is look at the big picture, which is U.S. debt now going parabolic. while they have indeed cut liquidity, on the fiscal side we are going in debt by trillions per year due to government spending.......and it will get far worse than any of these projections which are horrendous already....
remember, we are now like a new born argentina where today they have 200 percent annual inflation. we will catch up.

https://www.pgpf.org/blog/2022/07/national-debt-could-be-over-twice-the-size-of-the-economy-in-just-30-years

[tootalljones]

rossy beaty interview yesterday, pounding the table... he says this bull is very soon to kick off, that it must. He will not always be wrong....

[tootalljones]

Pierre Lassonde in this and more recent interviews says the miners are the most pricing in his lifetime.
this will change.

[tootalljones]

when the POG breaks upwards which should be any day now, people will start to see how much money gold companies can make. Investors will start to do some calculations about how much barrack for instance, will make with POG at 2500, with the divi being raised....Bull Markets tend to turn slowly from Bear, and the miners are as cheap as they have ever been since the mid 1970s, cheaper than even year 2000/2001. We are very close now.

[tootalljones]

barrack is cheapest by far of the 3 majors, all of which will perform extremely well the next 5 years. This stock reminds me of X, u.,s. steel that languished around 22 bucks for about 3 years and then boom, in about 8 months it exploded to 48 and was bought out....

[Lokotony]

Bought this over a month ago and now 10% down, but gold is still at the same value. Can I expect this to go back up or is this the way it works. Truly thought this would follow gold or even better....

[nowwhat2]

Here we are discussing the largest gold producer in the world (or one of 'em), and we're being told to just relax, so.......


Just relax.