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home / news releases / NEM - Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?

NEM - Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?

Newmont Mining Corporation

2024-04-16 17:52:36 ET

Summary

  • Barrick Gold stock has pulled back due to two big headwinds that have recently slammed into the company.
  • I assess these two headwinds and share some thoughts on the upcoming Q1 earnings call.
  • I also share my latest thoughts on whether or not GOLD is worth buying on the dip.

Barrick Gold stock ( GOLD ) has recently pulled back sharply due to two big headwinds:

  1. Rumors are spreading that Mali's Russian-backed military regime may seize control of GOLD's Loulo-Gounkoto mining complex, which is one of the world's largest producing gold mines and also is one of GOLD's lowest-cost mines.
  2. GOLD's recently released Q1 preliminary production numbers lagged expectations.

For further details see:

Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?
Stock Information
Company Name: Newmont Mining Corporation
Stock Symbol: NEM
Market: NYSE
Website: newmont.com
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