Barrick Soars as Analysts Cite ‘Game Changer’ Gold Find

Barrick Mining Corp. shares are on their biggest tear in five years on prospects that a US project will become a major new gold mine, boosting the outlook of a company hit by setbacks in risky places.

The Canadian metals producer posted its steepest four-day rally since early 2020 after a preliminary assessment of its Fourmile project in Nevada showed the potential for as much as 750,000 ounces of annual gold production, prompting analysts to raise price forecasts for the stock.