December 16th, 2025 | 07:25 CET
Big news at Barrick Mining! First Majestic Silver shares hit record high! Gold gem Kobo Resources on the rise!
Precious metals are shining particularly brightly this year. The two industry heavyweights, Barrick Mining and First Majestic Silver, are benefiting from this. Barrick recently caused a stir with its announcement that it was considering an IPO of its US assets. Is this to prevent a hostile takeover? First Majestic Silver has taken advantage of the mood and raised several million USD to repay more expensive debt and possibly make a takeover. One takeover candidate in the gold sector is Kobo Resources. The Company plans to publish its resource estimate in early 2026. The stock has finally taken off, still has a lot of potential according to analysts, and is now also actively traded on the Frankfurt Stock Exchange.
time to read: 3 minutes
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Author:
Fabian Lorenz
ISIN:
BARRICK MINING CORPORATION | CA06849F1080 , FIRST MAJESTIC SILVER | CA32076V1031 , KOBO RESOURCES INC | CA49990B1040
Table of contents:
"[...] We have a clear strategy for neutralizing sovereign risk in Papua New Guinea. [...]" Matthew Salthouse, CEO, Kainantu Resources
Author
Fabian Lorenz
For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.
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Kobo Resources: Stock jumps and has great potential
Kobo Resources is finally rallying. However, the gold gem has a lot of catching up to do. Positive: The price is rising amid high trading volumes on the stock exchanges. Trading is now also brisk in Frankfurt. According to analysts at Atrium Research, investors still have great opportunities for returns. The experts see the fair value of Kobo shares at CAD 0.60. Yesterday, the security was trading at CAD 0.29. Especially in view of the gold price, the rally at Kobo Resources could go much further. The yellow precious metal is currently approaching its annual high of just under USD 4,400 per troy ounce.
Kobo Resources is active in Côte d'Ivoire with its Kossou and Kotobi projects. The West African country is one of the most stable on the continent. The government is focusing on international mining partnerships and attracting more and more gold companies. Kossou is Kobo's advanced flagship project. This year, promising drilling has yielded gold discoveries near surface and at depth with grades of up to 17.30 g/t Au. A preliminary resource estimate is expected to be released in the first quarter of 2026. The Kossou project is located only about 40 km from the capital, Yamoussoukro, in the Birimian Belt. This puts the Company in close proximity to Perseus Mining's existing mine, making Kobo a possible takeover candidate. The purchase would allow Perseus to strengthen its resources and save on investments in new infrastructure.
Kobo Resources is an exciting gold exploration stock for 2026.
Barrick Mining with IPO plans
It would be a real bombshell! Is Barrick Mining planning to float its North American gold assets on the stock market? The fact that the Company itself has announced this possibility suggests that it is already at an advanced stage. According to the announcement, the commodities giant could sell shares in its US business. However, the Company has expressly stated that it only intends to sell a minority stake and retain control. Barrick cites its stake in Nevada Gold Mines (joint venture), its stake in Pueblo Viejo in the Dominican Republic, and its wholly owned Fourmile discovery in Nevada as anchor assets. Barrick plans to provide an update on the review when it publishes its 2025 annual results in February 2026.
The partial IPO could make Barrick's cash-flow-strong US assets more visible and reduce a possible valuation discount due to geopolitically riskier regions. This would also accommodate activist investor Elliott, which has long been calling for a reorganization of assets in North America, Africa, and Asia. In addition, Barrick could use this to counteract a possible hostile takeover by Newmont. Rumors that its archrival also has its sights set on Barrick's North American business have been circulating for some time.
In any case, the IPO fantasy is good for Barrick's stock. The security marked a new annual high yesterday at over EUR 37.
First Majestic Silver: Strong demand
Silver will shine at least as brightly as gold in 2025. The price per ounce has more than doubled in the current year and, at over USD 63, is close to its all-time high. An investor favorite in the sector is First Majestic Silver.
The latest transaction shows just how much interest there is in the Company. Within a few days, First Majestic completed the issuance of a convertible bond with a volume of USD 300 million. The security matures in 2031 and bears interest at 0.125% per annum. In addition, an over-allotment option worth USD 50 million was exercised in full. The conversion price is around USD 22.36 per share.
The Company will use part of the net proceeds to redeem an older convertible bond bearing interest at 0.375%. The remaining proceeds will be used for general corporate purposes, including strategic opportunities. First Majestic may therefore ramp up its M&A activities in the coming year.
First Majestic's share price reached an annual high of over USD 16 yesterday.
Gold and silver are unstoppable. This also applies to industry heavyweights Barrick Mining and First Majestic Silver. However, the price charts are slowly starting to look unhealthy. Adding explorers with catch-up potential seems advisable. One such candidate is Kobo Resources. The stock has jumped on high revenue and is a potential takeover candidate for 2026.
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