John Moorhead sold $120K of GOLD

Gold.com converted its credit facility to a $250M uncommitted revolver with CIBC Bank USA, reducing it from $427.5M. The agreement removes caps on dividends, share buybacks, and acquisitions, and increases inventory and counterparty limits. The company aims to enhance liquidity and operational flexibility, according to the filing.

Barrick Gold's CEO, Mark Hill, stated the company's North American IPO may be delayed to January 2027 due to outstanding formalities, though they aim to complete it by year-end. Hill also mentioned the need for improved security at the Reko Diq mine project in Pakistan before full construction can begin. The company remains on track to meet its results guidance.

Gold.com (GOLD) is replacing its CFO and auditor, with shares down 3% weekly and monthly but up 26% year-to-date. The company's valuation is debated, with a fair value estimate of $90.00, citing its consolidation strategy and growth potential. Risks include competition from digital assets and rising costs. The stock trades at a P/E of 15.6x, slightly above the global average for retail distributors.

Goldcom Inc (GOLD) shares dropped 5.9% after announcing a new CFO, Jill Van, and switching auditors to KPMG. Van succeeds Cary Dickson, who retires after 11 years. KPMG replaces Grant Thornton. Dickson will consult for 12 months. Goldcom is an alternative assets platform.

U.S.-listed gold miners rose in premarket trading as bullion prices rebounded 1.4% to $4,324.39/oz. Newmont and Barrick Gold each gained 1.2%, while Harmony Gold and Gold Fields rose 3.7% and 2.3%. The dollar softened, and oil prices retreated, supporting gold's rebound after the Fed's rate hike and hawkish stance.

Barrick Gold (GOLD) and Newmont (NEM) expanded their Nevada Gold Mines joint venture to include nearby projects. Newmont will pay Barrick $1.95bn. The deal resolves a dispute and enhances operational synergy. Both companies are major gold producers.