Barrick Gold Corp has successfully renewed its mining license for the North Mara Mine in Tanzania for 15 years.
Barrick Gold Corp (ABX.TO) announced a significant milestone with the renewal of its mining license for the North Mara Mine in Tanzania, extending the operational period for another 15 years. The last close for Barrick's stock was C$56.28, reflecting a 1.56% increase on the day of the announcement, while the stock has experienced a decline of 2.66% year-to-date.
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Barrick Gold Corp
ABX.TO
ABX.TO
Barrick Gold Corp
WealthAwesomeMarket cap
$95.38B
P/E
10.8x
Div. yield
1.14%
Div. / share
$0.65
52W high
$72.80
52W low
$41.75
1W change
-0.89%
Beta
1.14
Analyst Price Targets
Based on analyst covering ABX · as of Oct 7, 2026
Wall Street analysts forecast ABX stock price to rise 15.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$67.05
+15.7% Upside
Previously C$67.23 on Oct 6, 2026
Current Price
C$57.95
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ABX's historical volatility
30-Day Vol
33.4%
Annualized
90-Day Vol
44.9%
Annualized
Trend (90d)
+47.9%
Annualized drift
90d Mean
C$68.77
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$61.35 | C$54.67 – C$68.85 |
| 60 trading days | C$64.95 | C$55.18 – C$76.46 |
| 90 trading days | C$68.77 | C$56.32 – C$83.97 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should monitor the potential impact of this renewal on Barrick's operational and financial outlook moving forward.
Barrick's stock rose 1.56% following the news of the mining license renewal.
The latest trading volume was 537,245 shares, which is about 1.11 times the 20-day average volume of 3,795,589 shares.
Bull case
The long-term renewal strengthens Barrick's position in Tanzania, which could lead to increased production and more stable revenue.
Bear case
Investors may have concerns about geopolitical risks and operational challenges that could impact the mine's performance over the extended period.
What Happened
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On October 6, 2026, Barrick Gold Corp announced the successful renewal of its mining license for the North Mara Mine in Tanzania, extending its operational rights for another 15 years. This renewal is significant as it secures a stable operational environment for Barrick in Tanzania, which is vital for its production and revenue generation. Following the announcement, Barrick's stock closed at C$56.28, marking a 1.56% increase on the day.
What the Numbers Show
Barrick's stock performance has seen some fluctuations recently, with a 1-week decline of 0.89% and a 1-month decrease of 6.41%. Year-to-date, the stock has dropped by 2.66%. The trading volume for the day of the announcement was 537,245 shares, which is approximately 1.11 times the 20-day average of 3,795,589 shares. The stock is currently trading at a price that is about 5.2% below its 50-day moving average of C$59.39 and 5.0% below its 200-day moving average of C$59.25.
What to Watch Next
Investors should keep an eye on Barrick's production numbers and financial performance in the coming quarters, particularly as the North Mara Mine continues operations under the renewed license. The stock is currently within 47% of its 52-week range, which spans from C$41.75 to C$72.80. Analysts have a bullish outlook, with an average target price of C$67.05, indicating an implied upside of approximately 19.1% from the current level.
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