Barrick Mining Corporation (Barrick (NYSE: B), TSX: ABX) reported third-quarter financial results on November 9, 2026, posting net earnings of $1.32 billion, or $0.80 per share, as higher realized gold prices offset lower production totals across specific mining operations.
- Adjusted net earnings per share reached $0.82, marking a 41% increase compared to the third quarter of 2025.
- Total quarterly revenue rose 22% year-over-year to $5.07 billion, supported by strong metal pricing.
- Attributable free cash flow climbed to $0.64 billion, enabling the company to return $1.04 billion to shareholders through dividends and buybacks.
During the quarter ending September 30, 2026, the company produced 816,000 ounces of gold and 50,000 tonnes of copper, according to barrick.com. Gold production declined 2% year-over-year. Finimize reported that extreme weather at the Veladero mine and delayed access to higher-grade ore at North Mara contributed to the slight reduction in output.
Gold cost of sales rose to $1,950 per ounce, while all-in sustaining costs increased to $1,911 per ounce. According to Investing.com, these higher figures reflected lower processed grades, increased royalties tied to elevated gold market prices, and higher diesel expenses.
| Financial Metric | Q3 2026 | Q3 2025 | YoY Change |
|---|---|---|---|
| Revenues ($ millions) | $5,073 | $4,148 | +22% |
| Net Earnings ($ millions) | $1,317 | $1,302 | +1% |
| Adjusted Net Earnings per Share | $0.82 | $0.58 | +41% |
| Attributable Adjusted EBITDA ($ millions) | $2,475 | $2,022 | +22% |
Yahoo Finance noted that the company beat consensus expectations for quarterly earnings per share, outperforming broader industry benchmarks over the trailing year. Mark Hill emphasized operational consistency in the official results.
“Twelve months ago, we set out to earn back trust and restore Barrick to its history of discipline and excellence,” said Mark Hill, President and CEO. “This quarter marks a full year of consistent delivery.”
The company reiterated its full-year 2026 guidance, targeting between 2.90 million and 3.25 million ounces of gold production alongside 190,000 to 220,000 tonnes of copper. Shareholders will receive a quarterly dividend of $0.175 per share on December 15, 2026, to those of record as of November 30, 2026.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
