Barrick Gold Surges 3.17% in Third Straight Gain Day as Trading Volume Ranks 151st

On May 6, 2025, Barrick Gold (GOLD) experienced a significant surge, rising by 3.17% and marking its third consecutive day of gains, with a total increase of 4.68% over the past three days. The trading volume reached 5.17 billion, ranking 151st in the day's market activity.

Barrick Gold Corporation has officially announced a corporate rebranding to Barrick Mining Corporation, effective May 9, 2025. This change reflects the company's strategic shift towards a broader mining focus, moving beyond its traditional gold-centric operations. The rebranding includes a change in the stock ticker symbol from 'GOLD' to 'B' on the New York Stock Exchange, while the Toronto Stock Exchange will retain 'ABX'.

This rebranding is part of a broader corporate strategy to diversify its mining portfolio and expand into other mineral resources. The name change is expected to better align with the company's evolving business model and future growth plans. The decision to rebrand was approved by shareholders, signaling strong support for the company's new direction.