Barrick Mining Corporation

AI-generated fair value estimate for this company.

Method: 5-year explicit plus Gordon-growth terminal unlevered FCF DCF: $4.0B normalized annual FCF base (blending TTM FCF of $5.19B, which is inflated by today's elevated ~$3,500+/oz gold price, toward FY2025's $3.87B); 2% annual FCF growth years 1-5 reflecting a mature reserve base partly offset by growth projects (Reko Diq, Fourmile); 9% discount rate for commodity/country risk; 1% terminal growth; $1.25B net cash; 1.65B diluted shares outstanding.

Reasoning: Barrick Mining is a large gold/copper miner whose current cash flow is cyclically inflated by a high gold price, so normalizing the FCF base and using a commodity-appropriate discount rate is more defensible than extrapolating peak-cycle cash flow into perpetuity; note ticker B was reassigned to Barrick Mining Corporation in 2025 after Barnes Group Inc. (the ticker's prior holder) was taken private by Apollo, so this valuation covers the company currently trading under this ticker.