Barrick Mining Corporation reported third quarter 2026 revenue of $5.07 billion, while adjusted EPS of $0.82 beat the analyst estimate of $0.78. Gold production increased 3% sequentially to 816,000 ounces, driven by the Goldrush ramp-up at Cortez and record roaster throughput at Carlin. Despite rising operational costs, the company reiterated its full-year production guidance and maintained a robust balance sheet with $0.9 billion in net cash.
Key Highlights
- All-in sustaining costs (AISC) for gold rose 24% year-over-year to $1,911 per ounce, impacted by lower grades and higher royalties tied to metal prices.
- Total shareholder returns for the quarter reached $1.04 billion, comprising $761 million in share repurchases and a quarterly dividend of $0.175 per share.
- Full-year 2026 capital expenditure guidance was narrowed to $3.8–$4.2 billion from $4.0–$4.45 billion, primarily due to lower anticipated spending at the Reko Diq project.