$GOLD

Gold.com (GOLD) shares fell 7.82% to $41.84, underperforming major indices. The company, which trades precious metals, had gained 20.81% prior. Analysts expect Q2 EPS of $0.96 and revenue of $7.76B, up 26.32% and 209.04% YoY respectively. The stock has a Zacks Rank of #3 (Hold) and trades at a premium P/E of 12.5.

The TSX Composite Index fell 0.8% to 36,368 on Tuesday, led by declines in mining and financial sectors due to global bond yields and Middle East tensions. Major banks and miners dropped, while energy stocks rose on higher oil prices. NexGen Energy discussed a potential equity stake with BHP in its Rook I project.

The S&P/TSX Composite Index fell to 36,500 on Tuesday due to rising bond yields and geopolitical risks. Financials and mining stocks declined, with RBC, TD Bank, Barrick, and WPM among the losers. NexGen Energy discussed its Rook I project with BHP. Canadian home sales rose less than expected in July, and US tariffs on Canada are set to increase.

Gold Reserve Ltd said José Ignacio Moreno Suárez was released from Rodeo I prison in Venezuela. The company said Suárez had been its attorney and legal representative and was detained as a political prisoner for over three years. Gold Reserve stated it would resume Venezuela operations after his release and is preparing to return personnel, citing U.S. officials’ efforts.

Heraeus analysts said recent US data (CPI 3.4%, PPI 4.7%) and weaker jobs reduced the 2-year Treasury yield and lowered the implied chance of a September rate hike, supporting gold and silver. They cited Barrick’s gold output (796 koz in Q2, +11% QoQ) and Pan American Silver’s silver production (6.47 moz in Q2, +27% YoY). Spot gold was about $4,425/oz and spot silver about $66.39/oz.

Barrick Mining Corp said it settled a Nevada Gold Mines dispute with Newmont Corp on Aug. 10. Newmont will pay Barrick $1.95 billion in cash within 30 days and transfer Mike and Fiberline deposits, while Barrick contributes Fourmile. Barrick reported Q2 2026 revenue of $5.292B and net income of $1.217B, and reiterated a North American gold IPO by end-2026.

Barrick Mining (NYSE: B) shares fell about 6.4% after Q2 results. Adjusted EPS was $0.82, in line with forecasts, and revenue rose to $5.29 billion versus $5.192 billion expected. Gold output was 796,000 ounces, above guidance. Operating cash flow rose to $1.70 billion, but gold cost of sales increased to $1,993/oz. Barrick agreed with Newmont to expand Nevada Gold Mines, with $1.95 billion cash to Barrick.

Barrick Gold (NYSE: B) reported Q1 output of 719,000 ounces of gold, above guidance of 640,000 to 680,000, and copper up 11% to 49,000 tonnes. The company says its Mali dispute has improved, and it plans an IPO/spinoff of North American operations by 2026. Q1 EPS was $0.96, revenue $5.22B, and EBITDA $2.76B. Barrick also approved up to $3B more buybacks.

The Trump administration announced about $3B in new funding to expand U.S. critical-minerals production, including $180M+ for mining education and workforce programs. Resolution Copper awarded ~$110M in contracts to Major Drilling America and Redpath USA for Arizona copper exploration and underground development. Newmont and Barrick agreed to settle Nevada Gold Mines disputes, with Newmont paying $1.95B for property contributions.

Cargojet reported quarterly revenue of $275.8M and declared a 38.5c per share cash dividend. RBC and BMO agreed to sell Moneris to Francisco Partners for about $2B, expected by end of FY2027 Q1. Barrick reported Q2 profit of $1.22B, revenue $5.29B, and amended Nevada Gold Mines with Newmont. Air Canada will sell 25% of Aeroplan for $2.5B.