BlackRock Urges Gold Miners Including Barrick (B) to Prioritize Production Over Buybacks

gurufocus.com · 2026-10-16

On October 16, 2026, BlackRock's head of natural resources, Evy Hambro, publicly criticized the aggressive stock buyback programs of major gold mining companies

TickrTrends take: BlackRock's recent call for gold miners to redirect capital toward production rather than shareholder buybacks reflects ongoing pressure on mining companies to demonstrate long-term value creation. Given TickrTrends' undervalued assessment of BLK, this advocacy position underscores how the asset manager sees growth opportunities in the mining sector that may not be fully reflected in current valuations. Valuation-focused readers should monitor whether major mining companies respond to this guidance, as shifts in capital allocation could influence both mining sector performance and BlackRock's asset management fees going forward.

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