Barrick Mining's key contractor at its Loulo-Gounkoto site is closing operations, resulting in layoffs of over 600 employees. This decision signals Barrick's strategy to reduce risk exposure in politically unstable regions, potentially impacting future asset allocation and overall company stability.
Gold has risen 17.3% this year, boosting miner shares. ABX's shares increased by 17% in 2025, aligning with gold price gains. Analysts see central bank buying as a key driver for gold. UBS favors ABX for value, yet highlights trust issues in the sector. Expectations for gold prices to exceed $3,000 soon, raising analyst estimates.