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Here is Why Barrick Mining (B) is One of the Best Canadian Gold Stocks

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.

While we acknowledge the risk and potential of B as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than B and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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