Close menu




October 2nd, 2025 | 07:00 CEST

Buckle up for the new precious metals era: Barrick Mining, Silver North Resources, and First Majestic Silver in focus

  • Mining
  • Gold
  • Silver
  • PreciousMetals
  • Investments
Photo credits: pixabay.com

The signs are pointing to a new precious metals era. Driven by geopolitical upheaval, persistent inflation, and unprecedented demand from central banks, gold and silver are reaching new record highs. While gold shines as a safe haven, silver is also benefiting from the industrial boom, for example, in solar technology. This unique constellation opens up extraordinary opportunities for investors. Against this backdrop, it is worth taking a closer look at three companies. We analyze industry leader Barrick Mining, the exploration company Silver North, and the gold and silver producer First Majestic Silver.

time to read: 4 minutes | Author: Armin Schulz
ISIN: BARRICK MINING CORPORATION | CA06849F1080 , SILVER NORTH RESOURCES LTD | CA8280611010 , FIRST MAJESTIC SILVER | CA32076V1031

Table of contents:


    Bradley Rourke, President, CEO and Director, Scottie Resources Corp.
    "[...] The transaction offers benefits to all parties: Shareholders now have three promising projects in their portfolio. [...]" Bradley Rourke, President, CEO and Director, Scottie Resources Corp.

    Full interview

     

    Barrick Mining – Leadership change, gold price, and strategic decisions

    In September 2025, Barrick Mining has come into sharp focus on the commodity markets. The trigger is the surprising departure of CEO Mark Bristow after nearly seven years at the helm. Mark Hill, a seasoned long-time executive, has stepped in as interim CEO. Observers attribute the leadership change mainly to rising operational challenges, particularly the problematic situation in Mali. Analysts now anticipate strategic course corrections that could include a stronger emphasis on more stable regions such as North America.

    Despite a decline in production in the second quarter, Barrick is benefiting massively from the historic high in the price of gold. With the price above USD 3,800 per ounce, the Company has managed to increase its revenue and net profit significantly. Management remains undeterred in its optimistic annual forecast and expects main production to take place in the second half of the year. These robust financial results, despite operational obstacles, underscore the Company's current profitability.

    Barrick is strategically repositioning itself. The sale of the Hemlo mine in Canada on attractive terms highlights the disciplined focus on the world's best deposits. At the same time, the Fourmile project in Nevada stands out as a potential game changer that could reduce production costs in the long term. For investors, Barrick therefore remains a direct bet on the gold boom, whose success now depends largely on the new management's ability to manage geopolitical risks and realize the promising project pipeline. Since its high of USD 36.10, the stock is currently retreating and trading at USD 32.77.

    Silver North Resources – In the midst of a drilling program

    While the price of silver is soaring, Silver North Resources in the Yukon is making headlines with its operations. The exploration company is currently aggressively advancing its flagship Haldane project in the legendary Keno Hill District. A 10-hole drilling program is in full swing, with the clear goal of expanding last year's promising Main Fault discovery. The results so far are impressive. Drills have already intersected high-grade silver veins, including a 28-meter-thick section. Current drilling is now strategically focused on testing both the depth and strike length of this mineralized structure.

    In parallel, the team recently completed the first exploration campaign on the Veronica project in the Silvertip area. This target is considered extremely interesting as the geological features are similar to the high-grade Silvertip mine, located only 16 km to the south. Initial field work has already identified galena in rock samples, which is a strong indication of the presence of a Carbonate Replacement Deposit (CRD) system. The soil and rock samples collected have been sent to the lab, and the results are eagerly awaited. They will be crucial in assessing the potential of this newly evaluated anomaly.

    The activities are backed by solid financing. The Company recently raised fresh capital, allowing exploration efforts to continue without delay. This provides investors with a clear timeline for potential price-moving news. Veronica's lab results and ongoing updates from the current drilling program at Haldane are expected later this fall. This combination of active exploration in established districts and seamless news flow makes Silver North an exciting bet in the silver exploration sector. The stock is currently trading at CAD 0.31.

    Register for free for the IIF on October 8!

    First Majestic Silver - Operational strength and strategic growth

    First Majestic Silver's latest quarterly figures are impressive. The Canadian mining operator not only reported record production but also an impressive financial recovery. Pure silver production jumped 76% year-on-year to 3.7 million ounces, while revenue climbed 94% to USD 264 million. After previous losses, a net profit of USD 56.6 million was now achieved. This operational momentum is largely driven by the recently integrated Los Gatos mine, which has sustainably strengthened the production base.

    The solid operational performance is directly reflected in a robust balance sheet. Adjusted EBITDA nearly tripled to USD 120 million. Even more remarkable is the free cash flow of USD 77.9 million generated, which provides scope for investments and dividends. Cash and cash equivalents amount to over USD 510 million, giving the Company a solid basis for its growth ambitions without external capital raising. At the same time, direct mining costs per ounce were reduced slightly.

    Future investments are being channeled intensively into exploration. Recent drilling results at the key San Dimas and Los Gatos mines confirm the considerable potential of the existing deposits. At San Dimas, high-grade silver and gold veins have been encountered in new zones such as Coronado. At Los Gatos, drilling in the Southeast Deeps indicates significant extensions of the silver and base metal deposits. These strategic successes underscore the potential for further mine life extension and long-term growth. The stock is currently trading at USD 12.29.


    The new precious metals era offers massive opportunities, but presents different challenges for the players involved. As the industry leader under new management, Barrick Mining must manage geopolitical risks and realize its project pipeline. Silver North Resources is making headlines with its drilling program in the Yukon and remains an exciting bet on exploration success. First Majestic Silver, on the other hand, impresses with its operational strength, massive production increases, and a robust balance sheet that enables sustainable growth.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Armin Schulz

    Born in Mönchengladbach, he studied business administration in the Netherlands. In the course of his studies he came into contact with the stock exchange for the first time. He has more than 25 years of experience in stock market business.

    About the author



    Related comments:

    Commented by Nico Popp on October 2nd, 2025 | 07:15 CEST

    Graphite problem solvers with small valuation: SGL Carbon, Mercedes-Benz, Graphano Energy

    • Mining
    • graphite
    • Electromobility
    • Batteries

    Battery-grade graphite is classified as a critical element in both the US and the EU. The reason: supply chains have been too dependent on China. Recent geopolitical shifts have caused decision-makers on both sides of the Atlantic to rethink their approach to graphite and other critical raw materials. Secure sources are now in high demand. At the same time, sustainability and environmental protection remain key requirements for projects. In this article, we explain the latest developments in the graphite market and how investors can benefit from them.

    Read

    Commented by Nico Popp on October 1st, 2025 | 07:15 CEST

    The stock for the Dubai boom: Emirates NBD, Finexity, eToro

    • Tokenization
    • Investments
    • Banking
    • Digitization
    • Trading

    Dubai is increasingly establishing itself as a global hub for financial innovation. The city combines growth-oriented policies with open regulatory conditions, allowing foreigners to purchase real estate, for example. At the same time, Dubai is promoting blockchain and the tokenization of assets. In 2021, the Dubai Land Authority launched a pilot project for blockchain-based real estate tokenization to enable fractional ownership and give international investors access to this asset class. In this article, we explain the business models surrounding Dubai, tokens, and the future of investing, and why a company from Hamburg is causing a stir.

    Read

    Commented by Armin Schulz on October 1st, 2025 | 07:10 CEST

    How BYD Leverages Its Lead, How Power Metallic Mines Benefits, and Why Mercedes-Benz Needs to Catch Up

    • Mining
    • Nickel
    • Copper
    • Electromobility

    The next phase of electromobility has begun. It is no longer vehicle sales that determine the winners and losers, but rather the fierce battle for the raw materials used in their construction. While demand for copper, lithium, nickel, and cobalt is exploding, supply bottlenecks and political dependencies threaten to slow down the profitable ramp-up. Those who secure the most valuable resources today will control the entire market tomorrow. Reason enough to take a closer look at the strategic moves of BYD, Power Metallic Mines, and Mercedes-Benz, which are now setting the course for the coming decade.

    Read