Barrick Reports Second Quarter 2026 Results

Barrick Mining Corporation reported strong second quarter 2026 results, with gold production of 796,000 ounces, exceeding guidance. The company achieved an agreement with Newmont to expand the Nevada Gold Mines Joint Venture and resolved all disputes. Newmont will pay Barrick $1.95 billion cash, and has consented to Barrick's IPO of its North American gold assets. Barrick's net earnings increased 50% year-on-year to $1.22 billion, with earnings per share rising to $0.73. Operating cash flow was $1.70 billion, a 28% increase year-on-year. The company maintained its full-year production and cost guidance, and reduced its total attributable capital expenditure to $3.8 billion-$4.2 billion. Barrick declared a quarterly dividend of $0.175 per share and repurchased $1.2 billion in shares, significantly increasing shareholder returns. The North American IPO is on track for year-end completion, with Mark Hill to serve as CEO of the new company. Key growth projects at Fourmile, Lumwana, and Pueblo Viejo are progressing as planned. Barrick continues to focus on safety, operational consistency, and delivering long-term shareholder value.