B's $305 million Tongon sale caps a string of non-core divestments aimed at strengthening its balance sheet and fueling growth.
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B leverages robust cash flow and a strong balance sheet to sustain shareholder returns and growth momentum.
Barrick Mining Corporation (NYSE:B) (TSX:ABX) announced on Monday that it has reached an agreement to sell its interests in the Tongon gold mine and certain of its exploration properties in Côte d'lvoire to locally owned Atlantic Group for total payments of up to US$305 million. In consideration for the sale, Barrick will receive US$192 million in cash, including a US$23 million shareholder loan repayment within six months of closing.
Strong improvements in Barnes & Noble Education's business are currently masked by accounting issues. First Day sales growth has accelerated in recent quarters, and preliminary numbers indicate a vastly improved cash flow performance. Past missteps and the recent audit committee investigation have resulted in the company trading at a deeply discounted valuation.
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Barrick stock surged nearly 28% in a month on surging gold prices, but higher costs and lower 2025 output may weigh on momentum.
Barrick delivered a rapid 25% return, validating my previous Strong Buy thesis, but the rally now warrants a shift to a Buy rating. Despite the surge, Barrick trades at a discount to peers while boasting elite margins, strong growth, and a nearly debt-free balance sheet. The company's dual exposure to gold and copper offers both protection and growth, but geopolitical and ESG risks remain notable concerns.
Barrick Mining posts a rebound in gold sales on higher production, with stronger output expected in the second half.
Barrick Mining Corporation put together put Q2 '25 results and should see a stronger H2'25, with free cash flow in H1'25 unfortunately affected by the temporary suspension of operations at Loulo-Gounkoto. And while operational setbacks and rising operating costs have weighed on sentiment heading into this year, but reserve replacement, exploration success & a strong growth profile support the long-term thesis. With negativity surrounding Mali already reflected in the stock and priced in, B stock remains the best catch-up trade among major gold producers, and any sharp pullbacks should provide buying opportunities.
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Barrick Mining's gold output rose 5% in Q2 to 797,000 ounces, with stronger gains expected in the second half of 2025.