Barrick Mining: The Re-Rating Story Has Begun

Barrick Mining Corporation remains a Buy, driven by strong financials, a robust balance sheet, and significant re-rating potential from internal initiatives like the North American IPO and external tailwinds. B delivered a standout Q1 with a 195% YoY increase in free cash flow, a $3 billion buyback, and a new dividend policy targeting a 50% payout of attributable FCF. The upcoming North American IPO and potential African asset divestiture could unlock further value, positioning B for a higher-quality, lower-risk portfolio and improved market valuation. Despite near-term gold price and margin pressures, B's long-term catalysts, disciplined capital allocation, and operational improvements support a favorable risk/reward profile.

The first time I covered Barrick Mining Corporation ( B ), I highlighted the company's attractive valuation and potential for significant moves following the CEO change that can support a long-term re-rating. Following a stellar start to the year and even This article was written by IWA Research 3.25K Followers Follow I've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.