Where Barrick Fits In
Barrick Gold, ticker GOLD, is one of the largest gold miners in the world. It is not one of the five picks in Porter Stansberry’s Royalty Riches promotion, and it is not a royalty company at all. It appears in the story because it connects to the origin legend of the whole thesis.
The distinction matters. A miner like Barrick builds and runs mines, hires thousands of people, and carries the full cost and risk of extracting gold. A royalty company sits above that work and collects a slice of revenue. Barrick is the operator in this story, and the operator is the expensive side of the equation.
The Goldstrike Origin Story
The Royalty Riches pitch leans on one founding deal. In 1983, Pierre Lassonde and Seymour Schulich started Franco-Nevada, and its first transaction was a 4 percent royalty on a Nevada property bought for about $2 million. That property became Barrick’s Goldstrike mine, one of the richest gold discoveries of its era, and the tiny royalty is often described as a roughly 500x return.
That is the arc Stansberry uses to sell the model: put up a little capital once, let someone like Barrick do the digging, and collect a top-line royalty for decades. Barrick is the proof point, not the recommendation.
What to Watch
If you see Barrick in this context, understand the role it plays. It is the miner that made the royalty famous, not the royalty itself. The actual capital-light picks are names like Franco-Nevada, which we profile in our Franco-Nevada stock breakdown, and the category is explained in our royalty stocks explainer. Miners and royalty owners trade on different risk profiles, and keeping them separate is the first step to reading this promo correctly.
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