B Barrick Mining Corporation Optimistic about mining companies that offer both gold and copper options Our core business is gold, and we are constantly expanding our copper mining business. The company operates a range of top-notch assets in North America, South America, Africa, and the Middle East, including several of the world's highest producing gold mines. Diversified businesses and regions can create good cash flow and reduce dependence on a single region. Set a quarterly cash flow record in the third quarter of 2025. Reasons for purchase Copper mines are often referred to as "electrified metals". The demand for copper is at the intersection of three strong long-term trends: global energy transition, widespread adoption of electric vehicles, and rapid expansion of AI driven data centers. With the continuous expansion of global power generation, transmission, and computing infrastructure, the demand growth for copper is expected to maintain a strong momentum. During the third quarter earnings conference call, Mark Hill, the Group's Chief Operating Officer, Interim President, and CEO, stated, "The increase in gold production, cost reduction, and strong commodity prices have collectively driven Barrick Gold's cash flow to a historic high in the third quarter. This has enabled us to significantly increase stock buybacks, while advancing key growth projects and maintaining an industry-leading balance sheet Barrick Gold's expected EBIT growth rate is expected to be 53%, far exceeding the industry median of 6.5%. At the same time, its expected operating cash flow growth rate exceeds 55%, strongly indicating that B can continue to convert profits into cash, which is also highly attractive to investors seeking stable returns, as it provides a safety margin for future dividend growth. In addition, B's "A+" profitability rating is also due to its nearly 49% pre tax profit margin in the past 12 months, which is five times the industry median of 10.78%. Despite recent fluctuations in precious metal prices, copper prices are expected to see their strongest year since 2009.