Strong Gold Prices Lifted Barrick Mining Corporation (B) in Q3

Antipodes Partners recently published its “Antipodes Global Value Strategy” third-quarter 2025 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. In the quarter, global equities rose positively, supported by easing trade tensions, excitement around AI, and expectations of rate cuts by the Federal Reserve. Global equities gained +7.6% in USD and +6.4% in AUD, driven by central bank interest rate reductions, new US trade agreements, and strong corporate earnings. The Antipodes Global Value Strategy outperformed the benchmark during this quarter and showed even greater outperformance for the year to date and the 12 months ending September 30, 2025. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Antipodes Global Value Strategy highlighted stocks such as Barrick Mining Corporation (NYSE:B). Barrick Mining Corporation (NYSE:B) is a mining company engaged in the exploration, development, production, and sale of mineral properties. The one-month return of Barrick Mining Corporation (NYSE:B) was 9.27%, and its shares gained 118.74% of their value over the last 52 weeks. On November 13, 2025, Barrick Mining Corporation (NYSE:B) stock closed at $36.42 per share, with a market capitalization of $62.984 billion.

Antipodes Global Value Strategy stated the following regarding Barrick Mining Corporation (NYSE:B) in its third quarter 2025 investor letter:

“Barrick Mining Corporation (NYSE:B) rose sharply supported by continued strong gold price performance as well as delivering strong second quarter earnings. Highlights included a significant 47% year-over-year increase in adjusted net earnings per share, marking the best quarterly performance since 2013. Robust performance was driven by steadily rising gold prices and improved operational efficiency, with all of Barrick’s production regions on track to meet their 2025 output and cost targets. Notably, the company provided a positive update regarding its Fourmile operations in Nevada, highlighting the potential to commission one of the world’s highest-grade gold mines by the end of the decade. This development is expected to support Barrick’s future growth and enhance its cash flow profile.”

arrick Mining Corporation (NYSE:B) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 53 hedge fund portfolios held Barrick Mining Corporation (NYSE:B) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the risk and potential of Barrick Mining Corporation (NYSE: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 Barrick Mining Corporation (NYSE:B) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Barrick Mining Corporation (NYSE:B) and shared Ariel Focus Fund’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.