GOLD EXPLOSION to USD 5,000? Barrick Mining, Sranan Gold, and First Majestic Silver! Better than Rheinmetall?

Gold forecast of USD 5,000 and Barrick shares take off

The price of gold recently reached a new record high and is now trading well above USD 3,500 per ounce. This is driven by expectations of imminent interest rate cuts by the US Federal Reserve, a weaker dollar, and continued strong demand from institutional investors and central banks. Gold ETFs are seeing huge inflows. Leading analysts are extremely optimistic about further developments. Experts at Goldman Sachs consider a rise to USD 4,000 per ounce by mid-2026 to be realistic. US economist Ed Yardeni is even more bullish, believing that gold prices of USD 4,000 are possible by the end of 2025. He has even forecast up to USD 5,000 for the coming year. This means that gold remains one of the most promising investment assets in the current geopolitical and monetary policy environment.

Mining stocks can finally benefit from the record gold prices. Investor favorite Barrick Mining has struggled for a long time. But now the stock is climbing even faster. Since the beginning of August, the security has gained over 20%. It is now trading at around EUR 23, its highest level since 2022.

Analysts are still holding back with high price targets. Barrick Mining's stock was recently upgraded from "Neutral" to "Outperformer" by CIBC Capital Markets. According to the analysts, Barrick appears to have emerged from the difficult phase between 2022 and 2024. The Company met its forecasts in the first half of 2025. If this trend continues, the undervaluation relative to its peer group could be reduced. However, with a price target of USD 30 – raised from USD 28 – the upside potential remains modest.

Exploration companies like Sranan Gold continue to offer significantly more upside potential.

Sranan Gold: Shares still attractively valued

Sranan Gold is one of the promising gold explorers. The stock is being discovered by an increasing number of investors, but with a market capitalization of just over EUR 20 million, it is anything but expensive – yet. The Canadian company specializes in mineral exploration and the acquisition of mineral properties in Suriname. Even after independence, Suriname remains closely linked to the Netherlands and is considered stable and legally secure.

Sranan is currently developing the 29,000-hectare Tapanahony project. The prospects are promising. Iamgold had already carried out a successful drilling program in the Randy Trend in 2012 and is a well-known neighbor with its Rosebel Gold mine. In addition, local gold prospectors, including some who worked in illegal shafts, had already found gold in the past. Random samples from new shafts yielded high-grade finds of 23.7 g/t gold and 36.7 g/t gold.

The Company is correspondingly confident about the recently launched drilling program. The aim is to systematically explore the strike length and depth of the Randy Trend. Thanks to modern drones and LiDAR technology, a very good picture of the terrain has been obtained, and it is possible to proceed with great precision. The chances are good that positive results will soon be available from the first drill holes. In the context of rising gold prices, Sranan's share price is likely to continue gaining ground.

First Majestic Silver: Convincing results

In the shadow of gold, the price of silver has also risen sharply. Driven by steady demand from industry and growing inflows into precious metal ETFs, gold's "little brother" is once again trading above USD 40 per troy ounce. In addition to robust investment demand, expectations of an economic upturn in key sectors such as photovoltaics and electromobility are also playing a role, bringing silver more into focus as a strategic raw material.

In line with the positive environment, First Majestic Silver has published new results from its exploration work in the Los Gatos joint venture project in Mexico – and they are positive. Several drill holes have confirmed high-grade silver, zinc, and lead deposits. Significant ore thicknesses with high grades were identified, particularly in the South-East Deeps section. The Company says this is a clear indication that Los Gatos has significant additional resource potential. The drilling programs are therefore set to continue in the coming months in order to further delineate the mineralization and prepare for an expansion of reserves. First Majestic emphasizes that the results could not only extend the life of the mine but also improve production prospects. In view of rising metal prices, the positive drilling results are gaining additional significance. Management continues to view Los Gatos as one of the most important growth projects in its portfolio and intends to adjust its investments accordingly.

First Majestic Silver's share price has already gained around 40% in value this year and is currently trading at just over EUR 8. It last reached this level at the beginning of 2023. However, it still has some way to go before reaching its all-time high. In April 2011, the share price briefly exceeded USD 25.

Precious metals are on the rise again. Barrick Mining has rebounded and is beginning to reduce its undervaluation. However, the Company has long since ceased to be a pure gold play, generating a large part of its revenues from copper. Explorers are likely to outperform in the gold rally – if the drilling results are favorable. Sranan Gold has a good chance of seeing its share price rise. The Company is anything but highly valued, and the drilling program it has launched should be convincing. First Majestic Silver shares should continue to march forward as the price of silver rises.