$B

Barrick Mining Corp (TSX:ABX) is preparing an IPO of its North American gold assets in Q4 2026, led by CEO Mark Hill after Mark Bristow left in Sept 2025. The plan follows high gold prices. In Q1 2026, it produced 719,000 oz gold and 49,000 tonnes copper, with revenue of $5.22B and net earnings $1.60B.

The article covers Barrick Mining’s plan to spin off its North American business into a NY-listed entity, citing about 2 million ounces of gold produced in 2025 and a dividend policy to distribute half of free cash flow. It also notes GameStop Q4 2025 revenue of $1.54B, net income of $42.1M, and cash over $9B amid acquisition speculation. DRC Gold signed a binding term sheet to seek up to 65% stakes in two DRC projects.

Investing.com reports gold futures rebounded to $4,320.42 (+0.35% intraday, +3.84% this week) after a floor near $4,000, lifting gold miners 7% to 10% on Wednesday. It cites technical levels for gold and highlights Q2 cash flow and balance-sheet updates for Newmont (record Q2 FCF $2.2B), Agnico Eagle (record Q2 FCF $1.3B), and Kinross (record cash $2.7B).

Ariel Focus Fund’s Q2 2026 investor letter reported a 2.14% return, lagging the Russell 1000 Value and S&P 500. The letter cited Barrick Mining (NYSE:B) as declining on macro headwinds and gold price weakness, but noting management beat earnings, reaffirmed full-year guidance, and plans to spin off North American gold assets via an IPO by year-end.

US stocks settled lower as chipmakers and AI-related shares slid. Fed officials’ hawkish remarks on inflation weighed on equities and Treasuries; markets also priced a 10% chance of a 25 bp rate hike at the July 28-29 FOMC. Oil flow through the Strait of Hormuz fell to 3.9m bpd from 8.5m bpd, amid US-Iran tensions. Semiconductor ETF SOXX fell over 4%.

Stocks were mixed as chipmakers and AI-infrastructure shares fell. The article cites RBC Capital Markets on Strait of Hormuz oil flows dropping to 3.9 million bpd from 8.5 million bpd. Bloomberg Intelligence projects Q2 earnings up about 23%. Rate expectations include a 12% chance of a 25 bp Fed hike. Notable movers include ABT, UNH, SOXX, SNDK, and ASTS.

The article says Barrick Mining reached a Mali agreement in Nov 2025, paying about USD 430 million and securing a 10-year license extension, with production resuming. It cites BMO for forecasts of 670,000 oz and USD 1.5B operating cash flow. It also reports B2Gold 2025 output of 979,604 oz, record revenue over USD 3B, and 2026 guidance up to 970,000 oz. Desert Gold plans July 19, 2026 commissioning of a gravity plant and cites a PEA NPV (after taxes) of USD 61M at USD 2,850 gold.

Investing.com reports Barrick Mining shares are down about 1.8% in pre-open trading, tracking a broader gold pullback. Gold fell after President Trump said an Iran memorandum was “over,” and investors also await Fed minutes from June 16-17. The article cites gold down roughly 26% from early-2026 highs and notes peers Newmont and Agnico Eagle are pressured too.

Markus Bußler says gold weakness reflects shifting US rate expectations tied to Middle East energy-price effects, with 10-year Treasury yields easing after a May high. He argues rate hikes are limited and gold stocks may benefit. The article highlights Barrick Mining’s planned North American IPO and possible African asset merger, Desert Gold’s SMSZ Mali production plans (GBC fair value CAD 0.93 vs ~CAD 0.11), and First Majestic’s Santa Elena expansion and drilling results.

Bank of America Securities’ Savita Subramanian tells CNBC to favor cyclical “boring” stocks over the S&P 500’s mega-cap tech tilt. She cites strong corporate earnings (Q1 2026 profits $4.4T, +12.8% YoY) and points to valuations and results for Caterpillar, Applied Materials, Exxon Mobil, Barrick, Fluor, Vulcan Materials, and Applied’s 2026 equipment growth guidance.