$Barrick Mining Corporation(B)$ $Newmont Mining(NEM)$ $Freeport-McMoRan(FCX)$ ok wait no one’s talking about $B but i’m up +3.07% and it hasn’t even reported yet 😭

this is one of those “i told you” setups fr

earnings drop aug 11 pre-market and if last qtr’s anything to go by… it’s about to get loud.

they pulled in $3.085B revenue (up 12.84% y/y) and net profit came in at $474M, up 60.68% 😳

eps landed at 0.27. and people still sleeping?? couldn’t be me

analysts have the avg target at $26.03 and the high is $37. current price? $21.68.

math is mathing 🧠

but here’s what makes this a long game too:

they’ve got 20yrs+ of gold reserves, and last year did nearly 3.9M oz of gold + 430M lbs of copper.

PLUS that reko diq project in pakistan could literally double their copper output this decade.

gold AND copper? y’all like diversification right?

and it’s not just profits, they actually do things.

last year they put $48.9M into community development (schools, hospitals, water etc), paid $2.56B to employees, and $2.4B to govs.

total value redistributed: $15.6B. that’s not just mining, that’s impact

balance sheet?

total liabilities $14.58B but current ratio’s at 2.88 so they’re clear.

debt’s under control and they’ve got runway

chart’s sitting just under the 52wk high at $21.95.

tight range, decent volume, rsi mid 60s, candles stacked.

feels like it wants to pop but everyone’s waiting for the report

only 29% of analysts say buy right now but honestly… that’s how you know it’s early 😮‍💨

value’s not crowded. this one’s clean and quiet

anyway i’m still holding. gold’s holding. copper’s coming.

don’t be surprised if this rips post-earnings.

📣 shoutout to BC for putting me on this early fr

Q🧃

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