"Barrick Gold: Solid Reserve Replacement Despite COVID-19 Headwinds" | GOLD Message Board Posts


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Msg  122 of 129  at  4/4/2021 10:26:52 AM  by

delt1970


"Barrick Gold: Solid Reserve Replacement Despite COVID-19 Headwinds"

 

Summary

  • Barrick Gold released its FY2020 Reserves & Resources update last month, reporting a 2% decrease in reserves year-over-year to 68 million ounces of gold.
  • It's important to note that Barrick managed to maintain its near industry-leading reserves while maintaining its conservative gold price assumption of $1,200/oz, which is below the industry average of $1,300/oz.
  • At a share price of $20.20, Barrick trades at barely 10x trailing free cash flow, a very reasonable valuation for a company with one strong visibility into future production.
  • Therefore, if we were to see further weakness, I would view any pullbacks below $18.65 as low-risk buying opportunities. 
  • https://seekingalpha.com/article/4417439-barrick-gold-solid-stock-buy-on-weakness?mail_subject=taylor-dart-barrick-gold-solid-reserve-replacement-despite-covid-19-headwinds&utm_campaign=rta-author-article&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha


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