1. Barrick Mining Corporation (NYSE:B)
Number of Hedge Fund Holders: 75
Barrick Mining Corporation (NYSE:B) is one of the best Canadian gold stocks to buy right now. On May 11, Barrick Mining outperformed its Q1 guidance, producing 719,000 ounces of gold and 49,000 tonnes of copper. This strong operational execution, combined with high realized gold prices, fueled a 111% year-on-year increase in operating cash flow to $2.55 billion and a 195% surge in attributable free cash flow to $1.21 billion. Net EPS rose to $0.96, a 256% increase from the prior-year period, driven by standout performances at Nevada Gold Mines/NGM, Veladero, and Loulo-Gounkoto.
The company’s financial strength prompted the declaration of a $0.175 per share quarterly dividend and the announcement of a new $3.0 billion share buyback program. Barrick also confirmed that the planned IPO for its North American gold assets is on track for completion by the end of 2026. Major growth projects reached key milestones during the quarter, including construction progress at the Lumwana Super Pit expansion and accelerated resource definition drilling at the Fourmile project in Nevada.
Barrick Mining Corporation (NYSE:B) now remains on track to meet its full-year 2026 production guidance of 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper. Gold production is expected to increase sequentially throughout the year, with Q2 output projected between 730,000 and 770,000 ounces. While royalties and inflationary pressures impacted year-on-year costs, the company reported that gold costs per ounce for the quarter remained better than its internal plan due to mining and processing efficiencies.
Barrick Mining Corporation (NYSE:B) is a Canadian mineral properties company that explores for gold, copper, silver, and energy materials. The company was founded in 1983.
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