Barrick Gold: Booking Another Disappointing Year?
- Barrick Gold's stock has underperformed despite high gold prices, highlighting the challenges of capital-intensive mining operations and rising costs.
- I recommend royalty companies like Wheaton Precious Metals and ore processors like Dynacor for better long-term returns due to their capital-efficient business models.
- Barrick's latest quarter disappointed with lower production and higher costs, and the company is likely to miss its annual guidance.
AarreRinne
With gold prices north of $2,600 / oz, investors in gold miners like Barrick Gold Corp. (NYSE:GOLD) (TSX:ABX:CA) must be laughing to the bank, right? Unfortunately, that has not been the case.
Since my last update on Barrick
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