Barrick Mining Corp

B: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Increasing Barrick's Fair Value Estimate by 11% as the Gold Price Keeps Rising

Jon Mills

Jan 13, 2026

Business Strategy and Outlook

Barrick is the world’s second-largest gold miner by production, operating mines in the Americas, Africa, the Middle East, and Asia. Its large portfolio is a result of the 2019 acquisition of Randgold and the combination of its crown jewel Nevada assets with Newmont in a joint venture called Nevada Gold Mines that same year. Barrick is the operator and owner of 61.5% of the partnership.

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Barrick Mining Corp

Increasing Barrick's Fair Value Estimate by 11% as the Gold Price Keeps Rising

Business Strategy and Outlook

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