Barrick Mining Corporation (B) DCF Valuation
TGM's two-stage DCF values Barrick Mining Corporation (B) between $13.67 and $22.00 depending on assumptions, with a base case of $17.43. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (capped at 18%)), fading to 2.5% long-run; the discount rate (9.4%) reflects its beta.
What would today's price require?
$40.34 is justified only if free cash flow grows about +41.6% a year (fading to 2.5% long-run) at a 9.4% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 10.4% | $13.67 |
| Base case | 18.0%/yr | 9.4% | $17.43 |
| Optimistic | 20.0%/yr | 8.4% | $22.00 |
| Analyst DCF (FMP) | independent reference — different model | $15.43 | |
Current Price
$40.34
Market-Implied Growth
+41.6%/yr
vs +77.0% 5Y actual
Model Scenario Range
$13.67 – $22.00
model output — not a price target
B DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for B (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $981.5M · 1.68B shares · net cash $2.0B
Estimated Fair Value
$28.83
-28.5% vs $40.34
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $40.34; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.4% | $37.22 | $39.75 | $42.80 | $46.54 | $51.23 |
| 8.4% | $30.95 | $32.63 | $34.59 | $36.92 | $39.72 |
| 9.4% | $26.33 | $27.50 | $28.83 | $30.38 | $32.19 |
| 10.4% | $22.80 | $23.64 | $24.59 | $25.66 | $26.90 |
| 11.4% | $20.02 | $20.65 | $21.34 | $22.12 | $22.99 |
About Barrick Mining Corporation
Barrick Mining Corporation primarily focuses on the entire lifecycle of mineral assets, from their initial discovery and subsequent development to their extraction and eventual sale. The company actively explores for a variety of commodities, including precious metals like gold and silver, industrial metals such as copper, and other materials used for energy production. Previously identified as Barrick Gold Corporation, the organization officially adopted its current name, Barrick Mining Corporation, in May 2025. The company was founded in 1983 and has its corporate headquarters situated in Toronto, Canada.
- Sector
- Basic Materials
- Industry
- Gold
- CEO
- Mark F. Hill