0058 GMT - Jefferies adds Barrick Gold to its North American shopping list for copper--an unconventional call, it acknowledges, given Barrick makes most of its money from the gold it mines. Analysts at the bank say they expect Barrick's attributable copper production to double to more than 450,000 metric tons annually and contribute roughly 25% of revenue later this decade. Copper accounts for about 10% of its revenue today. Barrick joins Capstone Copper, Ivanhoe Mines and Hudbay Minerals on Jefferies's list of preferred North American copper miners. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 06, 2025 19:58 ET (00:58 GMT)
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