Barrick Mining (NYSE: B) (TSX: ABX) rallied to its highest in 13 years, as it builds off the momentum of a “game-changing” gold find in Nevada as well as the broader strength of the precious metals market.
The miner’s Toronto-listed shares shot up by as much as 6% to C$49.33 apiece, its best since early 2012. Its New York-listed shares followed similar moves, with an intraday high of $35.70. The company’s market capitalizations on the respective markets are C$81.7 billion and $59.6 billion.
Should Monday’s gains hold, this would be Barrick’s best four-day stretch since 2020, when the stock last traded in the high C$30’s before this year.
Behind the recent rally was a new study on the company’s Fourmile project in Nevada that showed the potential to produce as much as 750,000 oz. of gold annually….
