SCHEDULE 13G/A: BlackRock Amends Barrick Gold Stake, Reports 4.9% Beneficial Ownership

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a 4.9% beneficial ownership stake in Barrick Gold Corp common stock as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 84,704,160 shares of Barrick Gold Corp common stock.
• This represents 4.9% of Barrick Gold Corp's common stock, placing BlackRock's stake below the 5% threshold.
• BlackRock holds sole voting power over 82,310,211 shares and sole dispositive power over 84,704,160 shares.
• The filing is an Amendment No. 15 to Schedule 13G, indicating previous filings for this stake.
• BlackRock, Inc. is identified as a parent holding company or control person, filing under Rule 13d-1(b).

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without explicit positive or negative sentiment regarding the issuer's performance. The slight reduction in stake below 5% is a factual change, not inherently positive or negative without further context.

Positives

• BlackRock, Inc. continues to hold a substantial stake of 4.9% in Barrick Gold Corp, demonstrating continued institutional interest in the company.
• The filing confirms BlackRock's position as a passive investor, holding securities in the ordinary course of business without intent to influence control.

Negatives

• BlackRock, Inc.'s beneficial ownership in Barrick Gold Corp has decreased to 4.9% of the common stock, indicating they are no longer a 5% or greater beneficial owner, which could be interpreted as a slight reduction in their overall position.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding Barrick Gold Corp's future performance or BlackRock's future investment intentions beyond the current beneficial ownership disclosure.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

This filing reflects the ongoing portfolio management activities of BlackRock, one of the world's largest asset managers, in a major gold mining company, Barrick Gold Corp. Institutional ownership changes, especially by large funds like BlackRock, are closely watched indicators of investor sentiment towards specific companies and sectors, such as the gold mining industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and trading activity.

Key Dates

Keywords

Barrick Gold, BlackRock, SEC filing, Schedule 13G, beneficial ownership, common stock, institutional investor, gold mining, asset management