Barrick Mining stock: Q3 revenue climbs as costs rise

Barrick Mining Corporation reported third-quarter results on Monday, November 9, 2026, with revenue and adjusted earnings rising from the year-earlier period. The release was published by GlobeNewswire on behalf of Barrick Mining Corporation.

Revenue for the three months ended September 30 increased 22 percent year over year to 5.07 billion US dollars. Net earnings rose 1 percent to 1.32 billion US dollars, or 0.80 US dollars per share. Adjusted net earnings reached 1.35 billion US dollars, lifting adjusted earnings per share 41 percent to 0.82 US dollars from 0.58 US dollars a year earlier.

Production advances while costs climb

Gold production totaled 816,000 ounces, up 3 percent from the second quarter but 2 percent below the prior-year period. Barrick cited extreme weather at Veladero and delayed access to high-grade material at North Mara as factors affecting the year-on-year comparison. North Mara access is expected to improve in the fourth quarter.

Copper production fell to 50,000 tonnes from 56,000 tonnes in the second quarter and 55,000 tonnes a year earlier. At the same time, higher realized metal prices supported the financial result: the realized gold price was 4,243 US dollars per ounce, while the realized copper price reached 6.54 US dollars per pound.

Cost pressure remains a key investor issue. Gold all-in sustaining costs rose 24 percent year over year to 1,911 US dollars per ounce, while copper all-in sustaining costs increased to 4.52 US dollars per pound. Barrick attributed the increase to factors including diesel prices, local currency appreciation and higher sustaining capital spending.

Guidance and capital returns

Barrick kept its 2026 production guidance unchanged at 2.90 million to 3.25 million ounces of gold and 190,000 to 220,000 tonnes of copper. The company also maintained its gold all-in sustaining cost guidance of 1,760 to 1,950 US dollars per ounce and copper all-in sustaining cost guidance of 3.45 to 3.75 US dollars per pound.

Attributable free cash flow was 642 million US dollars in the quarter. Barrick returned 1.04 billion US dollars to shareholders through 761 million US dollars of share repurchases and a quarterly dividend of 0.175 US dollars per share. The dividend is scheduled for payment on December 15 to shareholders of record on November 30.

Barrick Mining stock traded at 36.88 euros on Lang & Schwarz at 12:36 CET on Monday, November 9, 2026.

Investors can follow the real-time quote of Barrick Mining stock for the latest European trading indication.

Projects keep the long view intact

Barrick said the Goldrush ramp-up at Cortez and work at Nevada Gold Mines remain important operational priorities. The Lumwana mill expansion in Zambia remains on schedule for first copper at the end of the first quarter of 2028, while the Pueblo Viejo expansion in the Dominican Republic is advancing through permitting and construction work.

The company also continues studies and drilling at the Fourmile project in Nevada. Management said the project continues to show potential to become a Tier One gold asset, although development outcomes remain subject to further technical work.

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