11:07 AM EDT, 04/04/2025 (MT Newswires) -- RBC Capital Markets on Friday highlighted "high level views" for certain gold equities ahead of the first-quarter earnings reporting season.

For Newmont ( NEM ) , RBC forecast financial upside compared to consensus and expects a larger investor focus on buybacks given good free cash flow and proceeds from asset sales. Newmont ( NEM ) is still early in its turnaround, where successful execution could be a positive catalyst, RBC said.

RBC said Barrick (ABX.TO) guided low first-quarter production, while RBC's financial forecasts are mixed compared to consensus forecast. Key focus items will be buyback activity, PV's ramp-up progress, and commentary on Mali.

Agnico Eagle (AEM.TO) should be one of a select companies with stable quarter over quarter production, RBC said. A large tax payment will impact free cash flow, but it forecast financial upside versus consensus estimates.

RBC said it forecast financial upside for Kinross (K.TO) versus consensus, and a key focus will be the miner's proposed buyback initiation, although more modest activity is expected in the near-term.

According to RBC, various project ramp-ups will be a focus for investors, including Barrick and Newmont ( NEM ), Iamgold ( IAG ) , Equinox Gold ( EQX ) , Torex Gold Resources ( TORXF ) , Alamos Gold ( AGI ) , New Gold ( NGD ) , G Mining Ventures ( GMINF ) and Artemis Gold ( ARGTF ) .

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