Barrick (ABX) rose 10% on Friday, extending gains from its $1.1B Hemlo sale…

… with a new PEA on its Fourmile gold mine highlighting the generational potential of the asset. Management expects its current drilling program to double the resource by year-end, while retaining exploration upside…

… at high grades, underpinning Barrick’s $700/oz AISC estimate over the >25 year life of the mine. At current gold prices, that’s english for “printing money”.

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