Gold has surged to new record highs above $4,500 per ounce, with strong tailwinds indicating further increases. Agnico Eagle Mines produced 3.4 million ounces of gold in 2024 at $1,373 per ounce. Barrick Mining had record cash flow of $2.4B and free cash flow of $1.5B in Q3.

Factors like central bank purchases and geopolitical tensions have driven gold’s rise. With expectations of Federal Reserve rate cuts and a weaker dollar, gold is soaring. Miners Agnico Eagle Mines and Barrick Mining are well-positioned to benefit from the situation.

Agnico Eagle Mines operates in stable jurisdictions and produced 3.4 million ounces of gold in 2024. Their costs are competitive, boosting profitability as gold prices rise. Barrick Mining is a major gold and copper producer with Tier One assets and strong financial performance.

Barrick had record cash flows and free cash flow in Q3, driven by higher gold prices. Growth projects and efficient operations position Barrick for sustained production. Despite tripling in 2025, Barrick remains a buy for substantial gold upside.

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Read more at Yahoo Finance: As Gold Smashes Records Above $4,500, These 2 Miners Are a Must-Buy Today