Barrick Mining Reports First-Quarter 2026 Earnings Beat

Barrick Mining reported adjusted earnings per share of 98 cents for the first quarter of 2026, beating analyst estimates of 80 cents. Revenue for the period totaled $5.22 billion, surpassing the $4.9 billion consensus forecast. The company generated free cash flow of $1.58 billion, compared with the estimated $1.24 billion.

Adjusted EBITDA came in at $3.93 billion, above the $3.45 billion estimate. Gold sales volume reached 748,000 ounces, exceeding the projected 693,942 ounces. The realized gold price averaged $4,823 per ounce, slightly below the estimated $4,841.

Copper production totaled 49,000 tonnes, an increase of 11 percent from the same quarter a year earlier. The company declared a first-quarter dividend of 17.5 cents per share. It maintained its full-year gold production outlook of between 2.90 million and 3.25 million ounces.

For copper, the company projected full-year production of between 190 million and 220 million tonnes. The earnings report reflects higher-than-expected gold sales volumes and continued growth in copper output. The company has not provided further details on its operational performance in the release.