Barrick Gold Surges too 14-Year high After Resolving Mali Dispute and Strategic Asset Sale

Toronto, Canada – November 29, 2025 – Barrick Gold (GOLD:TSX), one of the world’s leading gold producers, is experiencing a remarkable turnaround, its stock reaching a 14-year high following a series of strategic moves that have both resolved long-standing challenges and bolstered the company’s financial position. The developments, unfolding over a mere 48-hour period, signal a new chapter for the mining giant, sparking both excitement and cautious optimism among investors.

The most significant event was the November 27th announcement of an agreement with the Malian government concerning the strategically vital Loulo-Gounkoto gold complex. after two years of complex legal disputes,the agreement,involving a $430 million payment to the state (partially offset through tax credits),has paved the way for a ten-year extension of Barrick’s operating license. Full production at the complex is slated to resume on january 1, 2026. This resolution is seen as a key catalyst, removing a major obstacle that has weighed on the company’s performance.

Concurrently, Barrick finalized the sale of its Canadian Hemlo gold mine to Carcetti Capital. This transaction, generating up to $1.09 billion in proceeds ($875 million in immediate cash), represents a strategic portfolio adjustment.The company is actively divesting assets that do not meet its “Tier One” profitability standards, focusing on its most high-yield operations.

The financial ramifications of these moves are significant:

* Mali Restart: BMO Capital Markets forecasts a 2026 operating cash flow of $1.5 billion from Loulo-Gounkoto alone, with a projected production of 670,000 ounces of gold.
* Liquidity Boost: The Hemlo sale significantly strengthens the balance sheet, providing greater flexibility for dividend payouts or future acquisitions.
* Dividend Increase: The quarterly dividend was recently raised to $0.175, demonstrating the company’s confidence in its financial health.

The timing of these events is also notable. The actions align with the involvement of activist investor elliott Management, which has built a position exceeding $700 million and is advocating for greater operational efficiency. The swift resolution of the Mali dispute and the Hemlo divestiture sends a clear message that management is capable of delivering on its strategic objectives.

Furthermore, Barrick is operating within a favorable market environment. Goldman Sachs and Morgan Stanley project gold prices to reach as high as $4,900 by 2026, underlining the potential for sustained profitability. While the stock has experienced significant gains, analysts remain divided on its long-term trajectory. TD Cowen maintained its Buy rating on November 27, citing the company’s undervalued status, notably in light of its project pipeline, which includes the significant Reko Diq and Lumwana projects. TD cowen sees a price target of $46, against a market consensus is around $45, suggesting the potential for further growth.

Despite the positive developments, the stock’s rapid ascent has created a classic “overbought”

What impact could continued geopolitical instability have on Barrick Gold’s stock price?

Barrick Gold Breaks Through Resistance: A Historic Stock Price Surge

Understanding the Recent Rally in Barrick Gold (GOLD)

Barrick Gold (GOLD) has recently experienced a meaningful breakthrough,surging past key resistance levels and marking a historic high in its stock price. This surge isn’t happening in a vacuum; it’s fueled by a confluence of factors impacting the gold market and the broader economic landscape. Investors are keenly watching this progress, and understanding the drivers behind it is crucial for anyone involved in gold investing, mining stocks, or precious metals trading.

Key Catalysts Driving the Price Increase

Several interconnected elements are contributing to Barrick Gold’s impressive performance. these include:

* Geopolitical Uncertainty: Global tensions,including conflicts and political instability,traditionally drive investors towards safe-haven assets like gold. The recent news regarding potential approval of China’s new embassy in London, despite spying fears (as reported by the Daily Mail on November 28, 2025), adds to this uncertainty and boosts gold’s appeal.

* Inflationary Pressures: Persistent inflation, despite central bank efforts, continues to erode the purchasing power of fiat currencies. gold is frequently enough viewed as a hedge against inflation, preserving value during periods of economic instability.

* Weakening US Dollar: A weaker US dollar generally makes gold more attractive to international investors, as it becomes cheaper to purchase in other currencies.

* Strong Barrick Gold Performance: Beyond macro factors, Barrick Gold itself has demonstrated strong operational performance, including efficient cost management and successful exploration projects. This solidifies investor confidence in the company’s long-term prospects.

* Increased Demand from Central Banks: Central banks globally have been increasing their gold reserves, signaling a lack of confidence in traditional financial systems and further supporting gold prices.

Technical Analysis: Breaking the Resistance

From a technical perspective,Barrick Gold’s recent surge is particularly noteworthy. The stock had been consolidating within a defined range for several months, facing strong resistance at around $22.50. The decisive break above this level,accompanied by high trading volume,confirms a bullish trend and suggests further upside potential.

* Resistance Levels: Identifying key resistance levels is crucial for technical traders. These levels represent price points where selling pressure historically outweighs buying pressure. Breaking through these levels indicates a shift in market sentiment.

* Support Levels: Conversely, support levels represent price points where buying pressure is expected to emerge. Monitoring these levels is essential for risk management.

* Moving Averages: Analyzing moving averages (e.g., 50-day, 200-day) can provide insights into the overall trend.A golden cross (where the 50-day moving average crosses above the 200-day moving average) is a bullish signal.

* Relative Strength Index (RSI): The RSI is a momentum indicator that can definately help identify overbought or oversold conditions.

Barrick Gold’s Operational Strengths

Barrick Gold isn’t simply benefiting from external factors. The company’s internal strengths are playing a significant role in its success.

* Low-Cost Production: Barrick Gold consistently ranks among the lowest-cost gold producers globally. this allows the company to maintain profitability even during periods of lower gold prices.

* Diversified Portfolio: Barrick Gold operates mines in several countries, reducing its reliance on any single jurisdiction. This diversification mitigates political and operational risks.

* Exploration Success: The company continues to invest in exploration, discovering new gold deposits and expanding its reserves.

* Strong Balance Sheet: Barrick Gold maintains a healthy balance sheet, providing financial versatility to pursue growth opportunities and weather economic downturns.

Investment Strategies: Capitalizing on the Momentum

for investors looking to capitalize on Barrick Gold’s momentum, several strategies can be considered:

1. Long-Term Investment: A long-term investment in Barrick Gold, based on the company’s fundamentals and the long-term outlook for gold, can be a prudent strategy.
2. Swing Trading: Swing traders can attempt to profit from short-term price fluctuations by buying on dips and selling on rallies.
3. Options Trading: Experienced investors can use options strategies to leverage their positions and potentially amplify returns. Note: Options trading involves significant risk.
4. Gold ETFs: For those seeking broader exposure to the gold market, investing in gold exchange-traded funds (ETFs) like GLD or IAU can be a viable option.

Risks to Consider

While the outlook for Barrick Gold appears positive, investors should be aware of potential risks:

* Gold Price Volatility: Gold prices can be volatile, influenced by a wide range of factors.

* Operational Risks: Mining operations are subject to various risks, including geological challenges, labor disputes, and environmental regulations.

* Geopolitical Risks: Political instability in countries where Barr