Barrick Mining (B) Surges 2.86% on Record High Gold Discovery – What’s Next for the $34.53 Rally?

Summary
• Barrick Mining (B) hits a 12-year high of $34.62 amid a 2.86% intraday surge.
• CEO Mark Bristow calls Fourmile project in Nevada a 'multi-generational' gold discovery.
• Analysts upgrade price targets, with Stifel valuing Fourmile at over $10B.
• Gold prices and ETF inflows amplify momentum as Barrick’s market cap nears $60B.

Barrick Mining’s (B) 2.86% rally to $34.53 has ignited investor frenzy, driven by a groundbreaking Fourmile gold project in Nevada and a broader gold market surge. With the stock trading near its 52-week high of $36.10, the move reflects renewed optimism in the gold sector and Barrick’s strategic pivot. Analysts and market dynamics align to position the stock as a key play in the current bull market for precious metals.

Fourmile Gold Project Ignites Investor Optimism
Barrick Mining’s (B) 2.86% surge to $34.53 is anchored by the Fourmile project in Nevada, a discovery the company calls 'one of the century’s greatest.' Preliminary assessments suggest the site could produce 750,000 ounces of gold annually, with underground development slated for 2026. CEO Mark Bristow’s endorsement of the project as 'multi-generational' has galvanized investor sentiment. Concurrently, gold prices hit record highs amid Fed rate-cut expectations, while the GDX ETF rebalancing and analyst upgrades (e.g., TD Cowen’s $38 target) further fueled the rally. The stock’s 20% surge since the September 16 announcement underscores market confidence in Barrick’s long-term value proposition.

Gold Sector Rally Gains Momentum as Barrick Outperforms
The Gold sector is surging, with Barrick Mining (B) outpacing peers like Newmont (NEM). While NEM trades down 0.09% at $42.50, Barrick’s 2.86% gain highlights its leadership in the sector. Analysts attribute this divergence to Barrick’s Fourmile project, which offers a unique growth catalyst absent in more mature gold producers. The VanEck Gold Miners ETF (GDX) has also gained traction, amplifying exposure to Barrick’s rally. This divergence underscores Barrick’s strategic positioning as a high-conviction play in the current gold bull market.

Options and ETF Strategies for Capitalizing on Barrick’s Bullish Momentum
• RSI: 78.3 (overbought)
• MACD: 2.32 (bullish), Signal Line: 1.89, Histogram: 0.42
• Bollinger Bands: Upper $34.81, Middle $29.45, Lower $24.08
• 200-Day MA: $27.95 (below current price)

Barrick’s technicals signal a strong short-term bullish trend, with RSI near overbought territory and MACD widening. Key support at $32.50 (lower Bollinger Band) and resistance at $34.81 (upper Bollinger Band) define the near-term range. The VanEck Gold Miners ETF (GDX) offers leveraged exposure, though no direct ETF is tied to Barrick. For options, two contracts stand out:

• B20251003C34: Call option with strike $34, expiring 2025-10-03. IV: 39.67%, Leverage: 29.30%, Delta: 0.62, Theta: -0.107, Gamma: 0.177, Turnover: 28,436. High liquidity and moderate delta make this ideal for a 5% upside scenario (target $36.26).
• B20251003C34.5: Call option with strike $34.5, expiring 2025-10-03. IV: 38.53%, Leverage: 39.28%, Delta: 0.53, Theta: -0.099, Gamma: 0.190, Turnover: 22,051. Strong gamma and leverage suit aggressive bulls targeting $36.26 (5% upside).

Aggressive bulls may consider B20251003C34.5 into a breakout above $34.81, while B20251003C34 offers a safer entry for a continuation of the rally. Both contracts benefit from high gamma, ensuring sensitivity to price surges.

Backtest Barrick Mining Stock Performance
Below is an interactive event-study panel that lets you explore how ticker B has behaved after days when its price jumped 3 % or more (close-to-close) between 3 Jan 2022 and 24 Sep 2025.Key take-aways (from the statistics table you’ll see in the panel):1. Sample size: 64 surge events.2. Average excess return after 30 days: ≈ +1.9 ppts (3.48 % vs 1.56 % benchmark).3. Win-rate improves from ~55 % (1-day horizon) to ~66 % (30-day horizon).4. None of the horizon-by-horizon results reach conventional statistical significance—so the out-performance is suggestive, not conclusive.Assumptions & auto-filled parameters:• Price series: daily close (chosen as the most stable reference for event studies). • Analysis window: 30 trading days post-event (engine default). • Earliest tradeable date: 2022-01-03 (first open day of 2022). Feel free to drill down in the module (hover, filter, export) or let me know if you’d like a different horizon, a tighter significance test, or risk-adjusted metrics.

Barrick’s $34.53 Rally: A Strategic Buy for Gold’s Next Leg Higher
Barrick Mining’s (B) 2.86% surge to $34.53 is a pivotal moment, driven by the Fourmile project and a broader gold market boom. With RSI near overbought levels and MACD widening, the stock remains in a strong bullish phase. Investors should monitor the $34.81 upper Bollinger Band as a critical resistance level; a break above could extend the rally toward $36.10 (52-week high). Meanwhile, Newmont (NEM)’s -0.09% dip highlights Barrick’s sector leadership. For those seeking leverage, the B20251003C34.5 call option offers a high-gamma, high-leverage play on a 5% upside. Act now: Position for a breakout above $34.81 or secure calls at $34.5 for a controlled entry into Barrick’s next leg higher.