Barrick Mining Corporation (NYSE:GOLD) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 29, analysts at RBC Capital reiterated it is one of the stocks seeing healthy investor interest as investors’ interest in gold stocks soars.
A close-up of a technician using advanced geological-surveying equipment, evaluating a gold deposit.
The remarks come as gold prices power and find support above the $3,200 an ounce level. According to RBC Capital Markets analysts, Barrick Gold stands out in balancing deep value with lower near-term cash flow. Likewise, the company is on course to achieve significant milestones.
Gold prices have rallied by more than 25% year to date, paving the way for Barrick Gold to generate significant returns from its operations. In addition, RBC Capital Markets notes that a trade agreement between the US and China to expedite the supply of rare earth metals, as well as the enduring ceasefire between Israel and Iran, bolsters demand for riskier assets.
Barrick Mining Corporation (NYSE:GOLD) is a leading global mining company primarily focused on the exploration, development, and production of gold and copper. Beyond gold, Barrick also engages in copper mining and exploration.
While we acknowledge the potential of GOLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
https://finance.yahoo.com/news/barrick-gold-seeing-healthy-investor-065626618.html
KEY POINTS:
Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. and European markets was offset by more cargoes sent to China, according to shipping data and documents.
Washington in late May terminated a group of licenses that had authorized partners of oil company PDVSA, including Chevron CVX and Repsol REP, to take Venezuelan crude bound for U.S. and European refineries.
The state firm has ramped up exports to Asia since, selling its crude and fuel through little-known intermediaries that make deals with independent refiners in China. The cargoes include shipments of Boscan heavy crude, which was previously exported by Chevron to the U.S., according to internal PDVSA documents.
A total of 27 tankers departed from Venezuelan waters in June, carrying an average 844,000 bpd of crude and refined products and 233,000 metric tons of byproducts and petrochemicals, the data showed.
Oil exports averaged 779,000 bpd in May. The country also shipped 329,000 metric tons of byproducts and petrochemicals that month.
Thomson ReutersVenezuelan oil exports rise slightly as cargoes sail to China
Exports to China directly and through trans-shipment hubs were about 90% of the June total, compared with 75% in May, according to the data and documents. PDVSA also shipped some 8,000 bpd to its political ally Cuba and some cargoes of methanol and petroleum coke to Europe and India.
The June exports were particularly boosted by an increase in sales of Boscan crude, with three cargoes carrying the heavy grade, which is used for asphalt production, to Asia. Those exports are key for PDVSA to avoid an output cut-back at its Boscan oilfield, one of the country's largest.
PDVSA, which filled up its storage tanks with imported refined products ahead of the license cancellations, did not import any diluents in June, according to the data.
By Nidhi Verma
NEW DELHI (Reuters) -India is exploring building three new strategic oil reserves to boost its emergency stockpile and strengthen energy security, the head of the company in charge of strategic reserves said on Wednesday.
India, the world's third-biggest oil importer and consumer, imports more than 80% of its oil needs and is constantly diversifying its crude sources to mitigate the impact of geopolitical crises on its oil procurement.
State-run engineering consultancy Engineers India Ltd is doing feasibility studies to build the new reserves, Indian Strategic Petroleum Reserve Ltd's CEO L R Jain told Reuters. "In case of exigencies, we will be better prepared," he said.
India currently has strategic petroleum reserves at three locations - Mangalore, Padur and Vizag - in southern India to store up to 5.33 million tons of crude that could be tapped in the case of supply disruptions.
It plans to create a new 5.2 million-5.3 million ton reserve at salt caverns at Bikaner in the desert state of Rajasthan, and a 1.75-million ton facility at Mangalore in southern Karnataka state, he said.
It will also create a reserve in Bina, central Madhya Pradesh state, with capacity yet to be decided, he said.
After feasibility studies, the projects will require approval from the federal cabinet.
They will come in addition to a new 2.5 million-ton strategic petroleum reserve at Padur and a 4 million-ton facility at Chandikhol in eastern Odisha state that have already been approved.
India has over the years overhauled its policy on strategic petroleum reserves to allow private participation and commercialisation, mirroring the model adopted by countries such as Japan and South Korea which allow private lessees, mostly oil majors, to trade the crude.
"We are looking for 90 days of reserves," Jain said. "And Indian fuel demand is also rising, so we need additional storage."
Expanding oil storage capacity would also help India join the International Energy Agency, which requires its members to hold a minimum of 90 days of oil consumption.
India's storage capacity, including that held by companies and in transit, is currently sufficient to meet its fuel demand for 75 days.
(Reporting by Nidhi Verma; Editing by Jan Harvey)
https://sg.news.yahoo.com/india-plans-strategic-oil-enhance-104120457.html
Russia’s natural gas exports to Europe via pipeline and LNG cargoes declined in the first half of 2025 from a year earlier as flows via Ukraine stopped and some buyers shunned Russian LNG.
Total gas exports from Russia to Europe nearly halved to 8.33 billion cubic meters in the period January to June 2025, down from 15.5 billion cubic meters for the same period of 2024, when Russian gas was still flowing via a pipeline route through Ukraine, according to data compiled by Reuters.
Russian gas supply via pipelines to Europe has slumped since 2022, after Russia cut off many EU customers from its gas deliveries, and Nord Stream stopped supplying gas to Germany, after Russia reduced flows and after a sabotage in September 2022.
Then, Russian pipeline gas supply via Ukraine stopped on January 1, 2025, after Ukraine refused to negotiate an extension to the transit deal.
However, some European countries, including Hungary, continue to receive Russian gas through the TurkStream pipeline via the Balkans.
In June, supply via TurkStream dipped by 18.3% compared to May levels, per Reuters calculations based on available data from European pipeline operators. Maintenance along the pipeline was the reason for the slump in gas deliveries.
But year-to-date, Russian gas flows to Europe via the TurkStream route increased by 6.8% from a year earlier, per Reuters estimates.
Russian gas giant Gazprom stopped reporting export figures to Europe shortly after the Russian invasion of Ukraine in 2022.
Russia’s total LNG exports also fell in the first half of the year, by 4.4% to 15.2 million metric tons, per data from LSEG quoted by Reuters. LNG exports to Europe slumped by 13% year on year, as an EU ban on Russian LNG transshipments came into effect in March. The EU banned transshipment of Russian LNG for re-export to third countries from EU ports as part of a sanctions package earlier this year.
By Tsvetana Paraskova for Oilprice.com
https://oilprice.com/Latest-Energy-News/World-News/Russias-Natural-Gas-Supply-to-Europe-Drops.html
Metso will supply an integrated equipment package comprising advanced crushing and concentration technology for the project. Credit: Alf Manciagli/Shutterstock.
Osino Resources, an exploration and development company in Namibia, has awarded Metso an order for the delivery of key process equipment for its Twin Hills gold project.
Located 150km northwest of Windhoek within the Damara Orogenic Belt, the project is currently in the development stage.
The total value of the order exceeds €20m ($23.5m) and is booked in the second quarter orders of Metso’s minerals segment.
Metso will supply an integrated equipment package comprising advanced crushing and concentration technology for the Twin Hills greenfield gold plant.
The high-throughput crushing circuit is designed for efficient ore processing and features a Superior MKIII primary gyratory crusher, apron feeders and Nordberg HP900 cone crushers.
Metso will also supply two HRT high-rate thickeners equipped with Reactorwell feed technology and five Larox FFP3512 filters for concentrate thickening and tailings dewatering.
These thickeners and filters are part of the Metso Plus portfolio, which is known for its high performance and dewatering capacity.
Metso minerals sales Africa vice-president Charles Ntsele stated: “As a leading supplier of process technology globally, Metso is pleased to be selected as a trusted partner for Osino Resources’ flagship Twin Hills gold project in Namibia.
“Our energy-efficient and water-conscious technology will support Osino Resources in reaching their targets. This project also highlights Metso’s commitment to continued support and development of the Namibian mining industry.”
In June 2023, Osino announced a definitive feasibility study for the Twin Hills project, which is based on 2.94 million ounces (moz) reserves.
The study outlines a 13-year open-pit mine with an average annual production of 160,000oz at an all-in sustaining cost of $1,000/oz.
The Twin Hills project benefits from a straightforward executable design, significant growth potential and proximity to essential infrastructure.
In June 2025, Metso signed a three-year agreement with BHP to supply metallic liners for the company’s Western Australia iron ore operations.
https://www.mining-technology.com/news/metso-twin-hills-namibia/
[BENGALURU] Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell’s cautious stance on rate cuts, although a weaker US dollar helped limit losses for greenback-priced bullion.
Spot gold was down 0.2 per cent at US$3,330.68 per ounce, as at 0217 GMT, while US gold futures fell 0.3 per cent to US$3,340.60.
The US dollar index weakened to its lowest point in more than three years, making bullion more affordable for holders of other currencies.
“Gold prices are consolidating after posting the strongest gains in two weeks. The overall trend bias continues to favour the upside for now,” said Ilya Spivak, head of global macro at Tastylive, adding Fed policy expectations are taking centre stage at the moment.
Powell reiterated that the US central bank plans to “wait and learn more” about the impact of tariffs on inflation before lowering interest rates, again setting aside US President Donald Trump’s demands for immediate and deep rate cuts.
US job openings unexpectedly increased in May, but a decline in hiring added to signs that the labour market had shifted into lower gear amid uncertainty over the Trump administration’s tariffs on imports.
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Investors are now awaiting US ADP employment data, due later in the day, and nonfarm payroll (NFP) figures on Thursday for further insights into labour market conditions.
“The biggest risk for gold is an unexpectedly strong (NFP) result, but that seems rather unlikely to happen,” Spivak said.
Meanwhile, US Senate Republicans narrowly passed Trump’s tax-and-spending bill on Tuesday, a package cutting taxes, reducing social safety net programmes, and boosting military spending, while adding US$3.3 trillion to the national debt.
Trump expressed optimism on Tuesday about a potential trade deal with India but was sceptical about reaching a similar agreement with Japan. He added that he was not considering an extension of the Jul 9 deadline for countries to negotiate trade deals.
Spot silver edged down 0.1 per cent to US$36.01 per ounce, platinum fell 0.4 per cent to US$1,344.91, while palladium gained 0.4 per cent to US$1,104.92.
REUTERS
B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by investment analysts at Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.
A number of other research analysts have also recently issued reports on BTO. BMO Capital Markets decreased their price objective on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Cormark upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Stifel Nicolaus increased their price target on shares of B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$6.11.
B2Gold Price Performance
TSE BTO opened at C$4.92 on Monday. The company has a market cap of C$4.55 billion, a PE ratio of -5.66, a PEG ratio of -0.27 and a beta of 1.23. The stock’s 50-day moving average price is C$4.62 and its two-hundred day moving average price is C$4.14. B2Gold has a 1 year low of C$3.16 and a 1 year high of C$5.21. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.
Insider Transactions at B2Gold
In related news, Director Clive Thomas Johnson sold 99,465 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total value of C$376,972.35. Also, Director Jerry Korpan sold 120,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of C$4.63, for a total value of C$555,600.00. Insiders have sold a total of 340,842 shares of company stock worth $1,488,273 over the last quarter. Insiders own 0.66% of the company’s stock.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
Rio Tinto Group (NYSE:RIO) is one of the 14 stocks Jim Cramer recently looked at. During the lightning round, a caller asked about the company, and in response, Cramer said, “Big yield. I believe in the minerals. I think you’re fine.”
Aerial view of an open pit mine, with workers extracting minerals.
Rio Tinto (NYSE:RIO) explores, mines, and processes a diverse range of resources, including iron ore, aluminum, copper, gold, and minerals like lithium and borates. The company’s operations span from extraction to refining and distribution. Moreover, during an episode of Mad Money aired in May, Cramer showed quite a positive sentiment toward the company, as he commented:
“I like Rio Tinto. I like Rio. I like the yield. I like the company. It’s a globe-trotting company, so to speak. I like those guys.”
For context, over the past year, RIO stock went down more than 11%.
While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
https://finance.yahoo.com/news/jim-cramer-rio-tinto-believe-160546505.html
TMC the metals company Inc. ( (TMC) ) has issued an update.
On June 25, 2025, TMC the metals company Inc. completed a private placement with Korea Zinc, issuing 19,623,376 common shares and a warrant for additional shares, raising approximately $85.2 million. Additionally, the company finalized a registered direct offering with various investors on May 12, 2025, issuing 12,333,333 common shares and Class C warrants, securing around $37.0 million. These financings have increased the company’s cash balance to approximately $122.8 million as of June 30, 2025, potentially enhancing its financial stability and operational capabilities.
The most recent analyst rating on (TMC) stock is a Buy with a $5.50 price target.
Spark’s Take on TMC Stock
According to Spark, TipRanks’ AI Analyst, TMC is a Neutral.
TMC faces significant financial challenges, with poor income and cash flow performance indicating instability. Although the technical analysis shows positive momentum, the valuation remains unattractive due to negative earnings. The strategic regulatory shifts present potential future opportunities but are offset by ongoing uncertainty and geopolitical risks, resulting in a low overall score.
More about TMC the metals company Inc.
TMC the metals company Inc. operates in the metals industry, focusing on the exploration and extraction of polymetallic nodules from the ocean floor, which are rich in metals such as nickel, copper, cobalt, and manganese. The company aims to provide sustainable metal solutions for the electric vehicle and renewable energy markets.
Average Trading Volume: 11,802,458
Technical Sentiment Signal: Buy
Current Market Cap: $2.53B
https://www.tipranks.com/news/company-announcements/tmc-completes-private-placement-with-korea-zinc
Great Southern Copper PLC ( (GB:GSCU) ) just unveiled an announcement.
Great Southern Copper PLC has issued 811,240 new ordinary shares to its Chairman, Charles Bond, as part of his salary agreement, and an additional 1,399,513 shares to vendors of the Especuralita and Artemisa projects under option agreements. This issuance is part of the company’s ongoing efforts to consolidate its interests in Chilean copper-gold-silver exploration projects, potentially enhancing its market position in the mining industry.
Spark’s Take on GB:GSCU Stock
According to Spark, TipRanks’ AI Analyst, GB:GSCU is a Neutral.
The overall stock score is impacted heavily by the company’s challenging financial performance due to no revenue and negative cash flows, despite a strong equity position. Positive technical trends and encouraging corporate events contribute positively, but financial instability remains a key concern. The absence of valuation data further complicates the investment thesis.
More about Great Southern Copper PLC
Great Southern Copper PLC is a UK-listed mineral exploration company focused on discovering copper-gold-silver deposits in Chile. The company aims to acquire full rights to two projects in the coastal belt of Chile, a region known for its significant copper production. These projects, Especularita and San Lorenzo, are strategically positioned to support the global demand for copper, a crucial metal in the clean energy transition.
Average Trading Volume: 2,394,362
Technical Sentiment Signal: Buy
Stocks of steel companies surged in July 2 session with Tata Steel, JSW Steel, Jindal Steel and Steel Authority of India rising up to 3.6%. Nifty Metal was the top sectoral gainer on July 2 by rising 1.4% even as the benchmarks closed 0.35% lower.
Steel stocks, initially flat or slightly lower, gained after mills in Tangshan, China, were directed to maintain output restrictions, according to CNBC-TV18 citing Bloomberg report. These curbs are part of the Chinese government’s ongoing efforts to improve air quality and enforce environmental standards.
On July 2, Tata Steel shares closed 3.68% higher at Rs 166 apiece while those of SAIL were 3.4% higher at Rs 138 apiece.
JSW Steel shares increased 2.78% to Rs 1,058.2 while those of JSPL rose 2.18% to Rs 972 apiece.
Tangshan, in northeastern China, is known as the "cradle of modern Chinese industry" and serves as the country’s steel production hub. Earlier this year, Indian steelmakers faced pressure as Chinese producers flooded the market with cheap exports, prompting India to impose a 12% safeguard duty. Changes in Tangshan’s production levels have a significant impact on global steel prices and trade dynamics.
The safeguard duty, effective from April 21 for 200 days, applies to flat-rolled products of non-alloy and certain alloy steels to shield domestic producers from a surge in cheaper imports, particularly from countries such as China.
India’s steel exports fell more than 60 percent over the past three years to 6.95 million tonnes in FY25, after peaking at 18.51 million tonnes in FY22.The levy is expected to boost per tonne EBITDA for steelmakers in the near term, the gains may be offset by proposed hikes in mineral taxes by state governments, analysts said.
By Metal Miner - Jul 02, 2025, 2:00 PM CDT
Via Metal Miner
Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains.
Faced with weak domestic steel demand due to a slowdown in economic growth, China’s steel industry has been revising its export roadmap. Its exports of metal alloys to Russia, for example, have grown in value by approximately 16% in the first five months of 2025 compared to a mere 1.3% in 2024. According to this report, the export list mainly includes stainless and specialty steel types not made in Russia. However, in several areas, standard construction-grade steel imports from China have also begun to make inroads.
Steel Production in Russia Declining
Media reports seem to suggest that the steel production in Russia is coming down because of the sanctions imposed following its invasion of Ukraine. According to a World Steel report, steel production in Russia decreased by 7% year-over-year to just over 70 million tons in 2024. Across the Russian steel industry, firms have curtailed production between 8% and 14%.
When sanctions were imposed on the ground, Russia did re-route its steel supplies to the Middle East and North Africa (MENA), China and even India to try and overcome the loss of the EU and U.S. markets. However, in the subsequent years, the Chinese market began to fade for the Russian Federation. By 2024, shipments of ferrous metals to China had nearly halved.
Simultaneously, Russian steel mills found themselves having to contend with the cheap steel that China started sending to Russia to counter its own steel problems. Now, the latter’s efforts to export its steel to MENA countries have also started to fizzle out.
The Chinese Game
While the impact on Russia is important, this story is more about China. If you were to look at it in a different way, both nations are jostling for space in the global steel business. However, the Kremlin is at a disadvantage because of the sanctions. China, on the other hand, enjoys the benefits of being the world’s largest producer and consumer of steel.
For now, China is making a concerted effort to find new customers, especially since local buyers and former export partners are simply not purchasing steel at the same rate as they were a few years ago. More recently, Beijing has turned to Asian and Southeast Asian markets for dumping its steel until some of them retaliated with tariffs, just like the U.S.
As of now, this strategy has kept Chinese steel metrics at some kind of level. However, some sector experts believe overall Chinese consumption, including steel exports, will eventually drop either by the end of 2025 or next year.
China’s Steel Industry Still Prioritizing Exports
According to Reuters, exports of Chinese steel products were up by 1.15% from April to May and about 10% from the year before. This helped the steel industry reach a seven-month high of 10.58 million tons. Reasons for higher exports were a mixed bag, with tariff hike fears being one of them.
Between Jan-May 2025, China’s steel exports were a record high of just about 48 MT, which is an increase of 8.9% year on year. Meanwhile, imports decreased by about 16% year on year in the first 5 months of 2025, reaching just 2.55 MT.
Russia is one of the few destinations where China is pushing its steel at lower prices, hoping things will continue to improve on the export front. Fueling the export rise are factors like weak domestic demand within China itself, Russia’s lack of expertise in making specialized steel products and, of course, the cheap price of Chinese steel.
Some Countries Are Growing Tired of China’s Game
How long China’s export gambit will keep it on level in the steel game remains to be seen. Even countries like Vietnam and India have either imposed additional duties or will soon. Others, like Japan, are toying with the idea. For example, in late 2024, Japanese steel industry leader Nippon Steel had to publicly request that the Japanese government impose protective tariffs on Chinese steel exports.
By Sohrab Darabshaw
DALIAN, July 3 (Xinhua) -- Iron ore futures closed higher on Thursday in daytime trading at the Dalian Commodity Exchange (DCE).
The most active iron ore contract for September 2025 delivery gained 17.5 yuan (about 2.45 U.S. dollars) to close at 733 yuan per tonne.
On Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 578,011 lots, with a turnover of about 41.85 billion yuan.
As the world's largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.
https://english.news.cn/20250703/6a2de71b6a6e42049f5965c354a3d258/c.html
