Barnes Group Inc.

B

Market cap $2.42B

B's $305 million Tongon sale caps a string of non-core divestments aimed at strengthening its balance sheet and fueling growth.

Blasting activity at Barrick Mining (TSX:ABX)'s Loulo underground gold mine in Mali is scheduled to begin on October 15, four months after a court-appointed provisional administration took control of the site, Reuters reported on Friday, citing two sources familiar with the matter.   The blasting, which involves breaking down gold deposits using explosives, will resume after the administrators resolve unpaid bills with subcontractors Sandvik and Maxam, the sources said.

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TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) will release its third quarter 2025 results before markets open on Monday, November 10, 2025 at 6:00 AM ET. The management team will host a webcast to discuss the results at 11:00 AM ET followed by a question-and-answer session with analysts.

These stocks are still relatively inexpensive despite their impressive run.

B's 114% surge rides record gold prices, robust projects and cash flow gains, but rising costs may limit upside.

Barrick Mining Corporation is positioned to benefit from rising gold prices amid global economic and geopolitical uncertainty. B operates six Tier One gold mines and three copper mines worldwide, with strategic growth plans for further expansion. Recent executive changes and investor pressure for growth introduce challenges and uncertainty for Barrick's leadership team.

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.

Barrick Mining said on Monday it will sell its interests in the Tongon gold mine and certain assets in Ivory Coast to Atlantic Group for up to $305 million as the Candian miner looks to strengthen its balance sheet.