Prismo Metals Inc. (CSE:PRIZ)
A leadership team with a proven ability to explore, operate and develop precious metal discoveries.
Over the past twelve months, Barrick Mining (B) has delivered a threefold increase in shareholder returns, making it one of the focal points in the market. As a company with a market capitalization of approximately $114 billion and a leading position in the global gold mining industry, Barrick Mining is primarily engaged in the exploration, development, production, and sale of gold, copper, silver, and energy materials. Against the backdrop of continuously rising gold prices, the market is widely concerned about whether the company’s stock still holds investment value in 2026.
Recent financial performance indicates that Barrick Mining has become one of the attractive investment choices in the gold and copper industries. The company achieved record-breaking results in the third quarter of 2025. Additionally, after divesting non-core assets, Barrick increased its base dividend by 25% and announced a $1.5 billion stock buyback plan.
The company is also advancing several key projects, including the Goldrush project, which aims to achieve an annual gold production of 400,000 ounces by 2028; the Lumwana expansion project, expected to increase annual copper production to 240,000 tons; and the globally significant copper-gold mine project, Reko Diq, scheduled to commence operations by the end of 2028. The successful implementation of these projects will collectively support the company in achieving over 30% growth in gold equivalent production by 2029.
To enhance operational efficiency, Barrick’s management has initiated a bottom-up operational review, focusing on strengthening the safety and production predictability of its Nevada operations. The goal is to reduce unexpected downtime by optimizing maintenance plans and ensure stable quarterly production.
In terms of valuation, Barrick offers investors leveraged exposure to the gold and copper markets in 2026. The company maintains a robust financial position, emphasizing prudent capital allocation and organic growth from existing assets. Market analysts predict that the company’s operating revenue will increase from $16.2 billion in 2025 to $23.3 billion in 2028, with adjusted earnings per share expected to rise from $2.28 to $4.50. Free cash flow is also projected to grow from $3.5 billion to $6.64 billion. Currently, Barrick Mining’s stock trades at a forward price-to-earnings ratio of approximately 13.2x, below its ten-year average of 20x. Based on the current valuation, the stock could potentially rise by 10% over the next 12 months and by approximately 25% over two years. In addition to capital appreciation, investors can also anticipate steadily growing dividend returns, with dividends per share expected to increase from $0.58 in 2025 to $0.85 in 2028.
