Barrick Mining Surges 2.8% on Hemlo Sale, Navigating Bullish Momentum Amid Gold Sector Rally

Summary
• Barrick Mining (B) surges 2.83% intraday, trading at $29.66 amid a $1.09 billion Hemlo mine divestiture
• Intraday high hits $29.68, nearing 52-week peak of $29.79
• Technicals show RSI at 73.9 (overbought), MACD above signal line, and bullish Bollinger Band positioning

Barrick Mining’s stock has ignited a sharp intraday rally, driven by the announcement of its $1.09 billion Hemlo mine sale and a broader gold sector surge. With gold prices hitting record highs and economic uncertainty fueling demand for safe-haven assets, B’s technicals and fundamentals align for a compelling short-term trade. The stock’s 2.83% gain reflects both strategic asset optimization and macroeconomic tailwinds.

Hemlo Divestiture Fuels Barrick's Intraday Surge
Barrick’s 2.83% intraday gain is directly tied to its $1.09 billion sale of the Hemlo Gold Mine to Carcetti Capital Corp. The transaction includes $875 million in cash, $50 million in equity, and a gold-price-linked contingent payment of up to $165 million. This strategic move strengthens Barrick’s balance sheet and accelerates shareholder returns, aligning with CEO Mark Bristow’s focus on Tier One gold and copper assets. The sale also marks the end of Barrick’s long-term ownership of Hemlo, a mine with historical significance, while unlocking value through a structured payment mechanism tied to gold prices above $3,300/oz.

Gold Sector Soars as Barrick Outperforms Peers
The gold sector is surging amid record gold prices exceeding $3,500/oz, driven by inflation fears and a depreciating U.S. dollar. While Barrick’s intraday gain outpaces the sector leader Newmont (NEM), which fell 0.48%, the broader industry benefits from macroeconomic tailwinds. Barrick’s disciplined divestiture strategy and focus on high-grade assets position it to outperform peers like NEM, which faces mixed technicals and weaker capital allocation frameworks.

Options and Technicals Signal Aggressive Bullish Play on Barrick
• RSI: 73.9 (overbought), MACD: 1.52 (above signal line), Bollinger Upper Band: $30.58 (near 52W high)
• 30D MA: $26.02 (well below current price), 52W range: $15.11–$29.79

Barrick’s technicals suggest a continuation of bullish momentum, with key resistance at $30.58 and support at $27.33. The stock’s 2.83% gain aligns with a short-term breakout scenario, supported by high RSI and MACD divergence. For leveraged exposure, consider the following options:

• B20250926C29: Call option, strike $29, expiring 2025-09-26
- IV: 33.67%, Leverage: 28.77%, Delta: 0.6657, Theta: -0.0747, Gamma: 0.2203, Turnover: $11,957
- High liquidity and moderate delta position this as a core bullish play. A 5% upside to $31.14 would yield a payoff of $2.14 per share.

• B20250926C29.5: Call option, strike $29.5, expiring 2025-09-26
- IV: 33.30%, Leverage: 40.60%, Delta: 0.5486, Theta: -0.0696, Gamma: 0.2423, Turnover: $9,987
- Strong gamma and leverage make this ideal for aggressive bulls. A 5% move to $31.14 would generate a $1.64 payoff.

Aggressive bulls may consider B20250926C29 into a break above $30.58, while B20250926C29.5 offers a balanced risk-reward profile for a continuation of the rally.

Backtest Barrick Mining Stock Performance
Here is the completed event-study back-test for Barnes Group Inc. (ticker B) following days that closed more than 3 % above their opening price, covering 1 Jan 2022 – 17 Sep 2025.Key take-aways (not duplicated in the chart):• Sample size: 36 qualifying surge days. • Short-term drift is mild: median 1-day follow-through is < 1 %, and the average 5-day gain is ~1.9 %. • Over 30 days, the cumulative excess return versus the broad market remains small (~+2 ppt) and is not statistically significant. • Win-rate improves gradually, reaching c. 69 % after one month, but the modest absolute return means the pattern is not a strong alpha source on its own.Feel free to explore the interactive panel above for the full distribution, daily path and benchmark comparison.

Barrick's Bullish Momentum: Key Levels and Strategic Entry Points
Barrick’s intraday surge is underpinned by a strategic asset sale and favorable macroeconomic conditions for gold. The stock’s proximity to its 52-week high and overbought RSI suggest a potential pullback, but strong MACD and Bollinger Band positioning favor continuation. Investors should monitor the $30.58 upper band and $27.33 support level. With the gold sector rallying and Newmont (NEM) underperforming, Barrick’s disciplined capital allocation strategy positions it as a top-tier play. Watch for a sustained break above $30.58 to confirm the bullish thesis.