Canaccord lowered the firm’s price target on Barrick Gold (GOLD) to C$30 from C$33.50 and keeps a Buy rating on the shares. The firm noted the company announcement that it will initiate a temporary suspension of operations at its Loulo-Gounkoto (LG) complex in Mali as gold shipments remain restricted. Given the escalating standoff, they increased its discount rate for Loulo-Gounkoto to 12% from 7%, and we have assumed production remains suspended for the first half of 2025.
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