The Real Gold Rush Nobody's Talking About

Gold conuintes to climb in value, crossing over $4,700/ounce in January 2025. 

What’s going on? Geopolitical instability, volatile markets and currencies like the dollar dropping in value - now, institutions are piling into gold to protect themselves

But here’s the thing: Some gold mining stocks are actually outperforming the commodity right now.

Why? When gold prices go up, mining companies usually amplify those gains. Their costs stay mostly flat (equipment, land, labor), but their profits explode.

Some gold mining companies are benefiting more than others - Barrick Mining Corp (B) is up over 200% in the last year as of January 21st, 2026.

Think about it: Barrick produced 3.9 million ounces of gold in 2024. Every time gold jumps $100, that's an extra $390 million in revenue - without spending much more to get it.

But will Barrick and other gold miners continue to see success alongside gold in the future?

Let’s break down why Barrick may be a standout potential opportunity for investors right now, why gold miners are benefitting right now, and the risks you need to know about.

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How Mining Stocks Multiply Gold's Gains

When you buy gold directly, you get a 1:1 return. Gold up 10%? Your investment is up 10%.

But gold mining stocks work differently.

Mining companies have relatively fixed costs. Whether gold is $3,000 or $4,000 per ounce, it still costs roughly the same to pull it out of the ground.

So when gold prices spike, profit margins explode.

This lets companies beat earnings expectations, raise guidance, and increase working capital - all things that push stock prices higher.

The price of gold is up around 189% over the past decade and about 32% in the last year alone. 

Banks and institutions don't like seeing currency volatility, so they're turning to gold as a safe haven.

And that trend is creating massive opportunities for gold miners like Barrick.

Africa Is Where the Money's Going

Here's the shift that makes Barrick interesting right now: Africa attracted $97 billion in foreign investment in 2024 - a 75% jump from 2023.

And Barrick is Africa's largest gold miner.

The company operates massive mines in Mali and the Democratic Republic of Congo. One mine in Mali alone produced around 800,000 ounces of gold in 2024.

About half of Barrick's total production comes from African operations.

Why does this matter?

As billions pour into African infrastructure - roads, power grids, communication networks - Barrick's profit margins should improve. 

Better infrastructure means easier mining, which means more money.

As Africa builds out its infrastructure, those operational headaches shrink.

Barrick Is Diversifying

Barrick is also starting to mine other metals to as demand for minerals continues rising.

The company has been rapidly expanding its copper mining operations in recent years.

And according to mining experts, there's a critical worldwide copper shortage coming.

This matters because if gold ever hits a rough patch, Barrick has diversification that other gold miners don't. 

The company gets exposure to both gold's safe-haven demand and copper's tech infrastructure boom.

Is Barrick Stock Undervalued?

Even after climbing 125% year-to-date, Barrick stock is still trading below its 2020 highs.

The company is projecting record revenue for 2025 related to gold prices near all-time highs. 

Plus billions of dollars are flooding into Africa - yet Barrick shares are still well below where they were five years ago - and significantly lower than their 2011 peak.

Compare that to its actual performance: Barrick's revenue dipped in 2021, but bounced back by 2024 and is now hitting all-time highs.

The bottom line: The stock hasn't caught up to the fundamentals yet. 

That gap between performance and price? It could be an opportunity for investors who get in before the market fully prices in the Africa boom.

Barrick Stock: Risk or Opportunity?

There's one hiccup worth knowing about: Barrick lost operational control of its Mali mine due to a tax dispute with the government.

By the end of 2025, it regained control, but the situation brings up a larger issue.

Barrick operates across the Americas, Africa, the Middle East, and Asia. While that allows it to diversify, it could also lose control of other mines in the future.

Barrick could also be exposed if the price of gold slumps in the future. Commodities are volatile, and that volatility may impact shares prices if economies and currencies like the dollar recover.

What Economists Are Saying

Economists around the world predict the gold boom will continue at least through 2026.

Industry experts we spoke with see it continuing through 2028 and beyond.

As long as currencies stay volatile and global markets face uncertainty, institutions will more than likely keep buying gold. 

And as long as gold prices stay elevated, Barrick's amplified profit margins should keep growing.

Even if gold hits a slump, Barrick's copper exposure gives it a hedge that pure-play gold miners don't have.

That means this opportunity has the potential to last for the long-term.

But keep in mind: No investment is guaranteed and this market could change quickly.

Investors should always do their own research and do diligence before investing.

The Bottom Line: Barrick Stock

Gold miners typically amplify gold's gains when prices rise. 

Barrick is the biggest player in Africa - right as record foreign capital reshapes the continent.

That puts it into a position to potentially benefit from this 2026 gold rush.

Keep in mind: This article only scratches the surface of this shift our analysts uncovered months ago.

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