Majors earnings beats/M&A/spinoffs/buybacks/PTs/GARP/op efficiency
Key Questions
How did Barrick perform in Q1?
Barrick reported strong Q1 results with manageable AISC levels. The company is highlighted as a classic GARP stock in recent coverage.
What was Newmont's EPS growth in the latest quarter?
Newmont's EPS rose 53.9% year-over-year. This contributed to the broader majors earnings beats theme in the highlight.
Why did Agnico Eagle suspend the Barnat pit?
Agnico Eagle suspended Barnat pit mining due to rock mass movement and geotechnical risks at Canadian Malartic. The move is expected to impact 60-80k ounces in H2 2026.
What target price did Jefferies set for Agnico Eagle?
Jefferies upgraded Agnico Eagle to Buy with a $200 target, citing its best-in-class cost structure and noting 30% upside potential.
What are Kinross' key financial highlights?
Kinross has net cash, targets production growth above 2.3M ounces, trades at a NAV discount, and maintains a 40% FCF return policy.
What production record did Greatland Resources achieve?
Greatland Resources posted record FY26 output of 328,986 ounces of gold with zero debt and $1.289B in cash.
What does Fortuna Mining's Diamba Sud FS show?
The feasibility study indicates US$1B NPV and 60% IRR. GARP analysis points to 28.5% EPS growth and a PEG of 0.43.
What AISC trends are expected for 2026?
AISC trends for 2026 point to margin expansion despite rising input costs, as gold prices remain elevated.
Barrick Q1 strong, AISC manageable. Newmont EPS up 53.9% YoY. Agnico Eagle suspended Barnat pit (60-80k oz H2 2026 impact, up to 150k oz through 2028); Jefferies upgraded to Buy with $200 target (30% upside), citing best-in-class cost structure; Lee Danner & Bass boosted AEM stake by 84%. Kinross: net cash, production growth to 2.3M+ oz, NAV discount, 40% FCF return policy. Greatland Resources record FY26 output (328,986oz Au, zero debt, $1.289B cash). Fortuna Mining Diamba Sud FS shows US$1B NPV, 60% IRR, 1-year payback; GARP analysis highlights 28.5% EPS growth, PEG 0.43. AngloGold Ashanti faces Guinea export ban risk. AISC trends 2026 highlight margin expansion; fuel cost pressures noted on ASX miners.