Barrick Mining Corp
F:ABR0
Barrick Mining Corp
Barrick Mining Corp. engages in the production and sale of gold, copper, and related activities. The company is headquartered in Toronto, Ontario. The company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
Barrick Mining Corp. engages in the production and sale of gold, copper, and related activities. The company is headquartered in Toronto, Ontario. The company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
Record Results: Barrick reported record quarterly and annual financials, including adjusted EPS, cash flow, and shareholder returns.
Strong Q4 Performance: Revenue increased 45% from Q3, EBITDA rose 82% year-over-year, and cash flow was up 96% from last year.
Dividends & Buybacks: The base dividend was raised by 40% to $0.175 per quarter, and a Q4 dividend of $0.42 per share was declared. The share buyback program will not be renewed.
2026 Guidance: Gold production guidance is 2.9M–3.25M ounces and copper 190,000–220,000 tonnes, with production weighted more to the second half.
North American Gold IPO: Barrick will prepare an IPO of its North American gold assets, targeting completion by late 2026 and planning to sell a minority stake.
Operational Review: Comprehensive mine plan reviews led to increased production confidence, particularly at Nevada assets.
Safety Issues: Four fatalities overshadowed operational achievements; safety remains top priority for 2026.
Balance Sheet: Barrick ended the year with $2 billion net cash and below-guidance capital spending.
