Barrick Mining stock gains focus after Q3 earnings as guidance holds

Published on 11/09/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barrick Mining stock gains focus after Q3 earnings as 2026 guidance holds. Revenue rose 22%, while higher costs kept pressure on margins.

Quarterly results reset the outlook

Revenue and adjusted earnings rose sharply year over year, supported by higher realized metal prices.
Gold production increased sequentially, but higher all-in sustaining costs remain a pressure point.
Barrick kept its 2026 gold and copper production guidance unchanged.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

Barrick Mining reported stronger third-quarter earnings on Monday, November 9, as higher realized gold and copper prices lifted revenue despite production and cost pressure. The company kept its 2026 production targets unchanged, giving investors a steady operating outlook after the results.

Revenue rises as prices support earnings

In its third-quarter results release, Barrick said revenue for the period ended September 30 increased 22% year over year to 5.07 billion US dollars. Net earnings rose 1% to 1.32 billion US dollars, while adjusted net earnings climbed 37% to 1.35 billion US dollars.

Adjusted earnings per share reached 0.82 US dollars, up from 0.58 US dollars a year earlier. Attributable adjusted EBITDA increased 22% to 2.47 billion US dollars, and operating cash flow reached 2.49 billion US dollars. Barrick also reported 0.64 billion US dollars in attributable free cash flow.

Production holds, costs remain elevated

Gold production reached 816,000 ounces, up 3% from the second quarter but down 2% from the prior-year period. Copper production totaled 50,000 tonnes. Barrick said productivity improvements helped offset pressure from fuel, consumables and local-currency appreciation, but gold all-in sustaining costs rose 24% year over year to 1,911 US dollars per ounce.

The company reiterated 2026 gold production guidance of 2.90 million to 3.25 million ounces and copper guidance of 190,000 to 220,000 tonnes. Gold AISC guidance also stayed at 1,760 to 1,950 US dollars per ounce, leaving current costs within the stated range but close to its upper end.

Share price extends move since earnings test

Barrick Mining stock traded at 37.83 euros on Lang & Schwarz at 3:36 p.m. CET on Monday, November 9, 10.61% above the 34.20 euros recorded in the latest relevant report at 4:05 p.m. CET on Monday, November 2. This is a comparison with that earlier report rather than a daily market comparison.