2024-05-03 10:46:11 ET
Summary
- Barrick Gold Corporation's Q1 results were weaker than expected, but the long-term potential of the business remains very strong and production, margins and free cash flow are at an inflection point.
- Plus, the company is getting little value for its major growth projects which will contribute to significant growth, including Fourmile, Reko Diq, and Lumwana Super Pit.
- In this update, we'll dig into the Q1 results, recent developments, and why Barrick looks like a solid buy-the-dip candidate.
We're nearing the halfway mark of the Q1 Earnings Season for the Gold Miners Index ( GDX ) and the results have been encouraging overall. This was evidenced by strong results out of Agnico Eagle ( AEM ) and Alamos Gold ( AGI ), and one of the more recent companies to report was Barrick Gold Corporation ( GOLD )....
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For further details see:
Barrick Gold Q1 Earnings: Don't Miss The Forest For The Trees