The factors in favour of a rise in the Barrick Gold share price:
Firstly, it is of course an undeniable strength that the Barrick Gold group is well established geographically and worldwide. Indeed, the company currently operates mines and develops innovative exploration and development projects on all continents.
The group can of course rely on its impressive workforce to meet market demand, as Barrick Gold currently employs more than 20,000 people worldwide.
Barrick Gold is also a reassuring company for investors thanks to its gold reserves. It is estimated that these mineral reserves are probably as high as 130 million ounces at present.
Barrick Gold also spends a lot of money on the environment. At a time when the preservation of the planet and the environment are at the heart of the world's concerns, this contributes to the good image of this company.
Barrick Gold's efforts to make its name known are also noteworthy. This was particularly the case after the installation of the world's tallest wind turbine at an altitude of more than 4,200 metres at a mine in Veladero, Argentina.
The company also reassures analysts and investors with its ability to meet its gold production quotas. This feat has been made possible thanks to a very well thought-out operational strategy that the group has been pursuing for several years.
Finally, the Barrick Gold group spends a lot of money on technology, expansion and exploration in order to further maximize its profits. Thanks to these efforts, the group continues to earn the confidence of its shareholders.