Barrick Mining stock expands Pen Gold plan toward 2027 drilling
Published on 11/06/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPen Gold Exploration Gains Detail
- Barrick plans a 2027 exploration campaign at Ontario's Pen Gold Project before initial diamond drilling.
- The program includes an airborne gravity survey, base-of-till sampling, mapping and rock sampling.
- Barrick's third-quarter results are scheduled before markets open on Monday, November 9.
Barrick Mining is preparing a broader exploration campaign at the Pen Gold Project in Ontario, extending the project timeline beyond the company's upcoming quarterly results. GFG Resources outlined the program in a November 2 release, available in a GlobeNewswire release hosted by Fidelity.
Exploration Plan Reaches 2027
Barrick completed an initial US$500,000 exploration program in 2026 and is planning expanded work in 2027. The proposed sequence begins with a property-wide airborne gravity survey in the fourth quarter of 2026, followed by base-of-till drilling in the first quarter of 2027.
The proposed sampling campaign comprises about 190 holes in priority areas and about 50 infill holes. Geological mapping and rock sampling are planned for the second and third quarters, with the results intended to refine gold anomalies and identify targets for drill testing.
Initial diamond drilling is tentatively planned for the fourth quarter of 2027 and could continue into the first half of 2028. The scope and timing remain subject to confirmation. Under its earn-in agreement with GFG, Barrick has committed to spend at least C$4.0 million during the first three years, including a minimum of 5,000 metres of diamond drilling.
Quarterly Results Set Near-Term Focus
For investors, Pen Gold remains a longer-dated exploration option rather than a near-term production driver. Barrick said its third-quarter results will be released before markets open on Monday, November 9, at 6:00 a.m. Eastern Time, followed by a webcast and analyst question-and-answer session at 11:00 a.m. Eastern Time.
Barrick Mining stock traded at 36.00 euros on Lang & Schwarz at 16:30 CET on Friday, November 6, 2026. The real-time quote of Barrick Mining stock provides a live reference ahead of the results.
Barrick Mining Corporation
- ISIN: CA06849F1080
- NYSE ticker: B
- Lang & Schwarz quote: 36.00 euros at 16:30 CET on November 6, 2026
- Next results: November 9, 2026, before markets open
Canadian mining shares remain sensitive to commodity prices, operating delivery and project execution; current market reports cover the S&P/TSX Composite.
