Recent years have seen Barrick Gold dislodged as the leading gold company. The miner has fallen well behind Newmont in terms of production and market capitalisation, and has been eclipsed by Agnico Eagle Mines as well.
Recent years have seen Barrick Gold dislodged as the leading gold company, falling well behind Newmont in terms of production and market capitalisation, and eclipsed by Agnico Eagle Mines as well. Barrick's days as a sleeper stock may be coming to an end following its 2024 investor day at the New York Stock Exchange.Barrick, through chief executive Mark Bristow , remains a leading voice in the sector and one that has set the course for others to follow.
Bottoms said Barrick has achieved organic reserve replacement of 32Moz at a cost of $23/oz, which he transposed with the cost per ounce paid in several recent important M&A transactions .This was encapsulated in the announcement of progress on the potential of Barrick's Fourmile gold project in Nevada, USA, which now has about 8Moz of resources. It featured a 192% increase in indicated resources to 1.4Moz grading 11.76gpt and a 137% increase in inferred resources to 6.
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