Barrick reports first-quarter 2026 results

Disciplined execution drives strong operational and financial performance Q1 gold production of 719,000 ounces 1 beats guidance of 640,000–680,000 ounces 1 , driven by strong performances at NGM and Veladero, and the ramp-up at Loulo-Gounkoto; copper production of 49,000 tonnes 1 in line with plan. Gold costs per ounce were better than plan, driven by efficiencies in mining and processing: gold COS 2 of $1,922 per ounce, TCC 3 of $1,327 per ounce, and AISC 3 of $1,708 per ounce. Operating cash flow of $2.55 billion increased 111% year-on-year, attributable operating cash flow of $1.97 billion increased 89% year-on-year, and attributable free cash flow 3 of $1.21 billion was up 195% year-on-year.

Strong earnings supported by a higher realized gold price 3 : net earnings per share of $0.96 rose 256% year-on-year, and adjusted net earnings per share 3 of $0.98 rose 180% year-on-year. Gold production expected to increase sequentially throughout the year with Q2 gold production of 730,000–770,000 ounces 1 ; full year production and cost guidance remains unchanged. North American Barrick IPO progressing as planned, targeting completion by year end. $0.175 per share quarterly dividend declared and new $3.0 billion share buyback program announced.

All amounts expressed in U.S. dollars TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today reported first quarter operating and financial results for the period ended March 31, 2026. Barrick produced 719,000 ounces 1 of gold and 49,000 tonnes 1 of copper in the quarter. The Company generated $5.22 billion in revenue, $2.55 billion in operating cash flow, $1.97 billion in attributable operating cash flow 3 , and $1.21 billion in attributable free cash flow 3 .

Net earnings per share for the quarter were $0.96, and adjusted net earnings per share 3 were $0.98—up 256% and 180