These specialists continue to generate significant profits: Globex Mining, Barrick Mining, and Mutares!

Globex Mining – Revaluation potential

With Globex Mining shares, investors can benefit from the value appreciation and potential of a very broadly diversified commodity portfolio. For many decades, the Canadians have consistently focused on the acquisition, development, and targeted leasing of commodity-rich properties, primarily in Canada and the US. With currently 269 assets, the portfolio is broadly diversified, ranging from precious metals to base metals and critical commodities. In addition, the projects are at different stages of development, which makes the risk/reward profile even more attractive.

Particularly exciting are the value enhancement levers that come into play via the more than 100 royalty and option models. Recent news from the Rouyn-Merger and Bald Hill projects exemplifies Globex Mining's clever strategy and potential.

The latest drilling results at the Rouyn-Merger gold project in Quebec underscore the geological quality of the property. Broad sections with gold mineralization of over 3 g/t in the immediate vicinity of the Cadillac Fault are considered strong evidence of a potentially much larger system.

The development of Antimony Resources' Bald Hill project in Canada is also considered to be extremely promising. Antimony is a critical raw material that is relevant for the defense industry and the high-tech sector, among others.
The latest drill results from what is already the largest antimony deposit in North America suggest a higher than previously forecast mineralization of 4 to 5% antimony.

The Company is currently valued at around CAD 135 million at a share price of CAD 2.40. In addition, the Company is debt-free and has a comfortable cash cushion of CAD 35 million. Constant deal flows, ongoing option income, and new royalty deals should gradually lead to positive momentum for the stock in the bullish market, which thus has a great opportunity for a revaluation.

Barrick Mining – Lots of movement

The shares of the world's second-largest gold producer are currently trading just below their all-time high of CAD 70. Supported by strong gold prices and robust profitability, the Company's market capitalization has risen to approximately CAD 116 billion. Nevertheless, the key figures, including a 2026 P/E ratio of 14, can be classified as moderate.

There is a lot going on within the group. Barrick recently announced another change to its management team, with Helen Cai set to assume the role of CFO. This marks a continuation of the broader management restructuring under interim CEO Mark Hill, following the unexpected departure of his predecessor last September.

Plans to spin off the Company's North American gold assets into a separately listed entity underscore Barrick's strategic focus on unlocking shareholder value. Such a move could lead to a higher overall valuation and position the new company as an attractive takeover target. Industry heavyweights such as Newmont and Agnico Eagle are widely rumored to be potential suitors.

Mutares – Largest transaction in the Company's history

Founded in 2008, the investment holding company pursues an active management approach. The Munich-based company specializes in carve-outs and turnarounds. Mutares buys companies or parts of companies from corporations that no longer fit their core business, restructures them operationally, and later sells them at a profit.

Mutares often pays very little or even receives money (negative purchase price) because sellers transfer risks. As part of the restructuring, new strategies are implemented and, as a rule, add-on acquisitions are also made. In most cases, the sale to a strategist or financial investor takes place after 3 to 7 years. Alternatively, the stock market serves as an exit channel.

At the beginning of the year, the Company announced the largest transaction in its history. Mutares intends to acquire the Engineering Thermoplastics (ETP) division in America and Europe from the Saudi Arabian chemical and metal group Sabic, which most recently generated revenue of USD 2.5 billion. The transaction is expected to be completed in the second half of the year. According to the Company, the enterprise value is USD 450 million.

Warburg analysts rated the planned deal as very advantageous. In their latest study, the analysts also refer to the recent exits, which, in the experts' opinion, should lead to cash flows and profits in the high double-digit million range in the current year. The target price is set at EUR 46. With a current share price of EUR 31.50, corresponding to a market capitalization of EUR 675 million, this represents upward potential of over 40% for the share.

With its highly diversified portfolio, Globex Mining is benefiting from the broad-based commodity boom. Its more than 100 royalty and option models represent particular levers for value appreciation. The Company is debt-free and holds cash reserves of CAD 35 million. A revaluation is only a matter of time. Barrick benefits from high gold prices as a producer. An IPO of its North American activities is likely to give the share price another significant boost. Mutares will enter a new dimension with the announced takeover, which is not yet reflected in the share price.