NEW YORK, December 29, 2025, 1:50 PM ET — Regular session
- Barrick Mining shares fall nearly 5% as bullion prices slide on profit-taking
- Spot gold drops more than 4% after touching a record high late last week
- Investors eye Fed minutes and labor-market data for the next catalyst
Barrick Mining Corp shares fell nearly 5% on Monday as a sharp pullback in gold prices sparked a selloff across the mining group.
At 1:46 p.m. ET, Barrick was down 4.9% at $43.95, after opening at $43.74 versus a previous close of $46.21, according to Stock Analysis.
The slide matters because miners tend to amplify moves in bullion. Their revenue is tied to the gold price, while many costs are slower to adjust, so a sudden metal drop can hit sentiment quickly.
The selloff also came in a holiday week when liquidity is thinner, making swings sharper and stop-loss selling more common.
Spot gold was down 4.2% at $4,340.52 an ounce by 12:00 p.m. ET after hitting a record $4,549.71 on Friday, while U.S. gold futures for February delivery fell 4.3% to $4,358.60, Reuters reported. Silver slid 8.4% and platinum fell nearly 13% as investors booked profits — profit-taking is selling to lock in gains. Reuters
“We are seeing profit-taking pullbacks off of those spectacularly high levels,” said David Meger, director of metals trading at High Ridge Futures. Reuters
Other large miners tracked the move. Newmont Corp was down about 6%, while Agnico Eagle Mines fell more than 6% in U.S. trading.
The retreat in metals added pressure to the materials sector, which was among the drags on major U.S. indexes as the final week of the year got underway. Reuters
Treasury yields eased and the dollar hovered near its lowest in almost three months as markets priced in further Federal Reserve rate cuts next year, Reuters said. Lower rates often support gold because it is non-yielding — it pays no interest — but Monday’s trade was dominated by selling after a steep run. Reuters
Barrick, based in Toronto, is a gold and copper producer with mines spanning North America, Africa and other regions, according to its company profile. The company changed its New York Stock Exchange ticker to “B” in May after dropping “Gold” from its name. Reuters
Next up, investors are watching Tuesday’s release of the Fed’s meeting minutes, along with weekly jobless claims later in the week, for clues on the 2026 rates path. Reuters
For Barrick, the next scheduled company catalyst is its quarterly report expected in February, according to Zacks’ earnings calendar. Zacks
Gold is also treated as a safe-haven — an asset investors buy when geopolitical or economic uncertainty rises — so traders are likely to keep one eye on Ukraine-related headlines even as profit-taking sets the near-term tone.
