1. Barrick Gold's adjusted free cash flow doubled year over year, and the adjusted EPS reached the highest level since 2013. 2. The Reko Diq copper-gold project could generate $74 billion in free cash flow over its 36-year lifespan, but there is uncertainty about Pakistan's ability to fund its cost share. 3. Geopolitical risks in Mali have frozen $245M in Barrick's gold exports, with potential $10M monthly costs for temporary care at Loulo-Gounkoto.

1. The gold price climbed steadily upwards, trading above US$2,600/oz by quarter end; 2. AISC also continued to rise, up 4% q/q and 9% y/y, to US$1,456/oz; 3. Despite the rise in AISC, 97% of primary gold production in Q3'24 was profitable.

1. Alamos Gold's robust financials, with a 41% YoY revenue increase and 100% EPS growth, position it as a prime investment candidate. 2. The company's long mine life, low ASIC, and high-quality assets in stable jurisdictions add to its appeal. 3. Agnico Eagle's history of strategic acquisitions and strong financial position make a takeover of Alamos plausible and beneficial.

1. Agnico Eagle Mines' stock price has not risen recently due to weak gold prices; 2. Despite this, AEM's fundamentals remain strong, with upgraded projections and competitive market multiples; 3. The recent acquisition of O3 Mining may drag on earnings next year, but it is not enough to weaken the case for AEM.

1. Despite high gold prices, Barrick Gold's stock has underperformed, highlighting challenges in capital-intensive mining operations and rising costs. 2. The company's latest quarter disappointed with lower production and higher costs, likely missing its annual guidance. 3. The author recommends royalty companies and ore processors for better long-term returns due to their capital-efficient business models.

1. B2Gold Corp. is a leading mid-tier gold mining company with significant operations in Mali, Namibia, the Philippines, and Canada. 2. The Fekola mine in Mali is expected to increase production to 580,000 ounces in 2025 under a new government agreement. 3. The Otjikoto mine in Namibia is stable with expected production of 190,000 ounces in 2025, focusing on cost control. 4. The Masbate mine in the Philippines is projected to maintain production at 185,000 ounces next year.

1. Initiated coverage on Kinross Gold with a 'Hold' rating due to its strong fundamentals and operational performance, despite a 76% surge in stock price over the past year. 2. The stock is attractively valued with potential for 30%-40% upside, supported by strong financials including $480M cash and $2.1B liquidity. 3. Concerns remain about production growth in the next 24-36 months, necessitating potential asset acquisition or merger to boost reserves and production.

1. Agnico Eagle Mines Limited reported strong Q2 financial results, enhancing confidence in achieving annual targets for cost control and output. 2. The company remains a top choice in the gold mining sector, with a history of consistent dividend payments and strong operational performance. 3. Despite challenges from other investment options and market fluctuations, Agnico Eagle's performance continues to attract investor attention and support.