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Barrick Mining (NYSE:B) reports third-quarter results early next month, and its last report left an odd pairing behind. Net earnings for the second quarter rose 50% from a year earlier to $1.22 billion, helped by higher gold and copper prices. Yet attributable free cash flow came in at $141 million, down from $212 million a year before. Barrick Mining is also one of the 10 Best Stocks to Buy with High Return Potential. That gap is the question hanging over the stock. The company sent $1.50 billion back to shareholders in the quarter, far more than the cash it had left after spending. The profits look solid and the shares are cheap next to their own history. But the payouts depend on gold staying high, so the stock tracks the metal as much as the mines. The company is the largest gold producer in the United States, and in the second quarter it mined more gold than its own guidance called for. Revenue grew about 6.1% a year over the past five years, but about 15.1% a year over the past three. Higher gold and copper prices drove much of that jump, the company says. It estimates that every $100-an-ounce move in gold shifts its attributable EBITDA by $270 million this year. If you're interested in gold mining stocks, we recently compiled a report on 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion. Scale in Nevada is its other edge. An agreement with Newmont, its partner there, expands the Nevada Gold Mines complex, settles all disputes over the venture and brings Barrick a $1.95 billion cash payment. Newmont also agreed to back an initial public offering of Barrick's North American gold assets, which the company still expects by year end, subject to market conditions. Spending is the main reason cash lagged earnings. Project spending, which pays for new mines and expansions, rose 49% from a year earlier. Barrick is building a bigger copper pit at Lumwana and advancing its Fourmile gold project in Nevada. Costs climbed too, with all-in sustaining costs for gold up 11% from a year earlier. The company blamed lower grades at some mines, higher fuel prices and higher royalties tied to the stronger gold price. Costs still sit inside its full-year guidance. Cash on hand fell from the end of March, though Barrick still holds more cash than debt. Its dividend policy aims to pay out about half of attributable free cash flow, with a top-up at year end, and it also bought back shares in the quarter. If you own the stock, that means payouts this quarter came partly out of savings, not fresh cash. For investors looking for reliable dividends, our list of 10 Best Blue Chip Dividend Stocks to Buy Right Now is worth a look. Costs are rising while gold has slipped, and that is what puts the payouts at risk. The metal's average price was lower in the second quarter than in the first, and Barrick's earnings follow it closely. If gold falls further while fuel and project spending stay high, free cash flow could stay thin. The year-end dividend top-up, which is tied to that cash flow, would then shrink. The planned North American listing adds another moving part, since the year-end target depends on market conditions and approvals. None of this erases the profit gains, though it helps explain why the shares trade at a low multiple. On estimated 2026 earnings, the stock trades at 11.35 times, about 26% below the sector median and about 30% below its own five-year average. The consensus forecast calls for earnings per share to grow about 47% this year. The multiple uses adjusted earnings, which ran higher than reported net earnings in the second quarter. Paying so little for that much growth only makes sense if investors expect gold to slip or cash flow to stay weak. Investors who want more undervalued growth ideas can see our ranking of 10 Undervalued Growth Stocks to Buy Now. Cash flow isn't keeping up with earnings yet, and the report due early next month will show whether that is changing. The number to watch is third-quarter free cash flow. If it climbs back toward earnings, the low multiple will look too cautious. If it stays thin while gold slips, the payouts will start to lean on the balance sheet. While we acknowledge the risk and potential of B as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than B and that has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: Nvidia (NVDA): Can Paid Software Make Its Earnings Less Dependent on Hardware Sales? and Verizon (VZ): Can Fixed Wireless Grow Without Squeezing Mobile Network Returns? This article is originally published at Insider Monkey.

A month has gone by since the last earnings report for Barrick Mining (B). Shares have added about 9.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Barrick Mining due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Barrick Mining Corporation before we dive into how investors and analysts have reacted as of late. Barrick recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year.Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million. Total gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%.The cost of sales increased around 20% year over year to $1,993 per ounce. AISC rose around 11% to $1,866 per ounce in the quarter. At the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year.The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%. For 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously. AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce.Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026. In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted -9.22% due to these changes. Currently, Barrick Mining has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Barrick Mining has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Barrick Mining is part of the Zacks Mining - Gold industry. Over the past month, Royal Gold (RGLD), a stock from the same industry, has gained 11.9%. The company reported its results for the quarter ended June 2026 more than a month ago. Royal Gold reported revenues of $450.54 million in the last reported quarter, representing a year-over-year change of +114.9%. EPS of $2.56 for the same period compares with $1.81 a year ago. Royal Gold is expected to post earnings of $2.20 per share for the current quarter, representing a year-over-year change of +6.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.7%. Royal Gold has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Royal Gold, Inc. (RGLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Newmont Corporation NEM saw lower gold production for the second quarter, partly linked to its strategic divestment of non-core assets. The company reported a roughly 13% year-over-year and 1% sequential decline in attributable gold production to 1.29 million ounces. Lower output from Cadia and reduced grades across certain mines impacted production. Newmont expects third-quarter 2026 production to be largely in line with the second-quarter level. It sees gold production at about 5.26 million ounces for 2026, indicating a year-over-year decline from 5.89 million ounces in 2025. NEM expects lower production from Penasquito and Cadia in 2026 due to site transitions. It also sees lower-than-expected production from Nevada Gold Mines and Pueblo Viejo. These will be partly offset by contributions from the newly commissioned Ahafo North mine.Lower production is also expected to lead to higher unit costs in 2026. NEM expects all-in-sustaining costs (AISC) — a critical cost metric for miners — to be $1,680 per ounce on a by-product basis, indicating a notable increase from $1,358 per ounce in 2025. The expected increase is due to lower sales volumes as a result of planned mine sequencing, higher royalties and production taxes, deferral of sustaining capital from 2025 into 2026 and inventory changes. The production decline and higher costs could undercut the company’s profitability goals.Looking across the competitive landscape, Barrick Mining Corporation B attributable gold production rose 11% sequentially to 796,000 ounces in the second quarter, exceeding its guidance range of 730,000 to 770,000 ounces. It was flat year over year. Barrick expects production to increase sequentially in the third quarter and again in the fourth quarter, driven by the Loulo-Gounkoto ramp-up, Goldrush and mine sequencing. Barrick maintained 2026 attributable gold production guidance of 2.9-3.25 million ounces.Agnico Eagle Mines Limited’s AEM gold production was 855,816 ounces in the second quarter, up around 4% sequentially. It was down roughly 1% from 866,029 ounces in the prior-year quarter. For full-year 2026, Agnico Eagle expects gold production near the lower end of its 3.3 million to 3.5 million ounces guidance, reflecting the preliminary redesign of the Barnat open pit. AEM expects the Barnat pit wall movement event to reduce gold production at Canadian Malartic by 60,000-80,000 ounces in the second half of 2026. Shares of Newmont have shot up 68.7% in the past year against the Zacks Mining – Gold industry’s rise of 45.9%. Image Source: Zacks Investment Research From a valuation standpoint, NEM is currently trading at a forward 12-month earnings multiple of 13.31, a modest 1.8% discount to the industry average of 13.56X. It carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NEM’s 2026 and 2027 earnings implies a year-over-year rise of 30.7% and 10%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days. Image Source: Zacks Investment Research NEM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Mining Corporation B recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year. Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote Total gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%. The cost of sales increased around 20% year over year to $1,993 per ounce. All-in-sustaining costs (AISC) rose around 11% to $1,866 per ounce in the quarter. At the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year. The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%. For 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously. AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce. Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026. Barrick’s shares have gained 68.2% in the past year compared with the 51.1% rise of the industry. Image Source: Zacks Investment Research B currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Newmont Corporation NEM reported second-quarter adjusted earnings of $2.10 per share, up 46.9% from $1.43 reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05. Newmont remains on track to achieve its previously announced 2026 guidance. NEM expects attributable gold production of approximately 5.26 million ounces. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%. Kinross remains on track to meet its 2026 annual guidance. KGC expects attributable production of 2 million gold-equivalent ounces (+/- 5%). Agnico Eagle Mines Limited AEM reported second-quarter adjusted earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. For full-year 2026, AEM expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Barrick Gold (NYSE:B) reported a Q2 earnings miss alongside updated capital expenditure guidance. Barrick Gold and Newmont agreed to expand the Nevada Gold Mines joint venture and resolve prior disputes. The agreement sets the stage for an IPO of combined North American gold assets as part of a broader restructuring. Barrick Gold is not the only stock tied closely to this theme of large scale gold production and asset reshaping, so it is worth comparing this update with a wider group of peers through 29 elite gold producer stocks. Barrick Mining is a CA based metals and mining company with a US$73.3b market cap that focuses on exploring, developing, producing, and selling mineral properties. Its scale and long standing role in large scale gold production help frame how meaningful this joint venture expansion could be for the core business mix. 3 things going right for Barrick Mining that this headline doesn't cover. Barrick Gold reported 11% higher gold production at 796,000 ounces and adjusted earnings of US$0.82 per basic share, but these results came in below Wall Street estimates. The miss led to an 8% share price drop as expectations had been set higher. For you, the key point is that market reactions often hinge on expectations rather than headline growth figures. The enlarged Nevada Gold Mines joint venture with Newmont includes a US$1.95b top up payment from Newmont and resolves earlier disputes between the partners. This clears the way for Barrick Gold to proceed with an IPO of its North American gold assets as part of a wider reshaping of its portfolio. The deal tightens operational alignment in a core region while giving Barrick Gold more flexibility for future capital decisions. The most concrete marker from here is progress toward the planned IPO of Barrick Gold's combined North American gold assets, including the formal filing and any timeline the company provides in its next quarterly report. IPO readiness will signal how quickly Barrick Gold can crystallise the joint venture structure into a new listed vehicle and potentially reshape its balance sheet. For the full picture including more risks and rewards, check out the complete Barrick Mining analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include B. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Barrick Mining Corporation B used its second-quarter 2026 earnings call to frame the Newmont agreement as a reset for Nevada Gold Mines and a key step toward its planned North American gold IPO. Management kept full-year production and cost guidance unchanged while outlining a higher second-half production cadence and lower capital spending range. President and CEO Mark Hill said the Newmont package carries a total value of about $4 billion, including Fourmile, Newmont's Mike and Fiberline properties, dispute resolution and reduced IPO friction costs. Newmont will pay Barrick $1.95 billion in cash, and the agreement brings the contributed properties into Nevada Gold Mines, creating a complex with nearly 100 million ounces of gold. Hill said the reset lets the partners focus on processing capacity, ore movement and infrastructure. He wants the joint venture to reduce ore trucking and optimize future processing. Hill said the North American IPO remains targeted for completion by year-end, with him selected to lead the new company as CEO after separation. In Q&A, Hill said Barrick still plans to float a 10% minority interest and has no current plan to increase that stake. He also rejected a shareholder spinout. Chief development officer George Joannou said the company will revisit structural options after Newmont's consent to identify friction-cost savings. Management confirmed that a marketing process will be part of the IPO. President and CEO Mark Hill kept 2026 gold production guidance at 2.90 million to 3.25 million ounces and copper guidance at 190,000 to 220,000 tons. The company expects third-quarter gold output to exceed second-quarter and fourth-quarter production to rise again. Copper production is also expected to increase in the second half versus the first half. Second-quarter gold production reached 796,000 ounces, above guidance of 730,000 to 770,000 ounces. Adjusted earnings of $0.82 per share topped the Zacks Consensus Estimate of $0.81. Revenues of $5.29 billion also surpassed the $4.49 billion estimate. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote During Q&A, Hill said guidance is not conservative, citing weather-related downtime at Veladero and a water-related shutdown at Porgera. He remained confident in the full-year targets. Barrick reduced 2026 total attributable capital expenditure guidance to $3.8 billion to $4.2 billion from $4.0 billion to $4.45 billion, mainly because of lower spending at Reko Diq. The CEO said Fourmile's prefeasibility study remains targeted for completion by the end of 2028, while management intends to accelerate development and evaluate added Nevada processing capacity. A CIBC analyst pressed management for more Fourmile disclosure to help investors model the project. Hill acknowledged the concern and said the company would work on improving the information available. Senior EVP and CFO Hongyu Cai said Barrick ended the quarter with $1.2 billion of net cash, an undrawn $3 billion revolver and no meaningful debt due until 2033. Attributable free cash flow was $141 million in the second quarter, pressured by annual tax and interest timing and a one-time $400 million Loulo-Gounkoto payment. Cai said excluding that payment, attributable free cash flow would have been more than 60% higher year over year. Barrick repurchased $1.209 billion of shares during the quarter and maintained its $0.175 quarterly base dividend. Its policy targets an annualized payout of 50% of attributable free cash flow. President and CEO Mark Hill's closing message centered on safety, operational consistency, full-year guidance, growth projects and completion of the North American IPO. The second-half agenda remains focused on those priorities while management continues efforts to improve safety and keep major growth projects on schedule and on budget. B currently carries a Zacks Rank #4 (Sell), reflecting an unfavorable earnings estimate revision trend under the Zacks methodology. Under the Style Score framework, that rank carries more weight than the favorable scores. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The stock has a Value Score of B, Growth Score of A, Momentum Score of A and VGM Score of A. Those grades indicate strong style characteristics, but Style Scores are designed to complement top Zacks Ranks rather than override a weak one. The Zacks Rank can change as analysts revise estimates following the just-reported results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Mining (B) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.24%. A quarter ago, it was expected that this gold and copper mining company would post earnings of $0.74 per share when it actually produced earnings of $0.98, delivering a surprise of +32.43%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Barrick Mining, which belongs to the Zacks Mining - Gold industry, posted revenues of $5.29 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 17.92%. This compares to year-ago revenues of $3.68 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Barrick Mining shares have added about 0.3% since the beginning of the year versus the S&P 500's gain of 13.3%. While Barrick Mining has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Barrick Mining was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.85 on $4.78 billion in revenues for the coming quarter and $3.57 on $19.43 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Gold is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Basic Materials sector, Suzano S.A. Sponsored ADR (SUZ), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12. This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -91.6%. The consensus EPS estimate for the quarter has been revised 284.6% higher over the last 30 days to the current level. Suzano S.A. Sponsored ADR's revenues are expected to be $2.32 billion, down 1.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates. The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84 consensus estimate. Revenue rose 44% year over year to $5.29 billion, although that was below forecasts of about $5.67 billion. Barrick’s second-quarter gold production increased 11% from the first quarter to 796,000 ounces, exceeding its guidance range of 730,000 to 770,000 ounces. The company attributed the increase to an ahead-of-schedule ramp-up at Loulo-Gounkoto, a faster-than-expected recovery at Pueblo Viejo following planned maintenance and record underground tonnes at Cortez as Goldrush continued to ramp up. Gold cost of sales was $1,993 per ounce, compared with $1,654 a year earlier, while all-in sustaining costs rose 11% year over year to $1,866 per ounce. Barrick attributed the higher costs in part to lower grades processed at several operations, higher fuel prices and increased royalties associated with higher realized gold prices. Copper production fell 5% year over year to 56,000 tonnes. Copper cost of sales, C1 cash costs and all-in sustaining costs all increased from the prior-year period, with Barrick citing higher royalties and fuel prices. For 2026, Barrick said it remains on track to meet its existing production and cost guidance. The company continues to expect gold production of 2.90 million to 3.25 million ounces for the year. Gold cost of sales is forecast at $1,870 to $2,070 per ounce, while total cash costs are expected to range from $1,330 to $1,470 per ounce. All-in sustaining costs are projected at $1,760 to $1,950 per ounce. The guidance is based on an assumed gold price of $4,500 per ounce. Barrick maintained its copper production guidance of 190,000 to 220,000 tonnes for the year. Copper cost of sales is expected at $3.05 to $3.35 per pound, with C1 cash costs of $2.20 to $2.45 per pound and all-in sustaining costs of $3.45 to $3.75 per pound. The copper guidance assumes a price of $5.50 per pound. Barrick also reduced its 2026 total attributable capital expenditure guidance to $3.8 billion to $4.2 billion, from its previous range of $4 billion to $4.45 billion. The company said the reduction primarily reflects lower expected spending at the Reko Diq project. “We delivered our third quarter in a row with excellent operational and financial performance,” Barrick CEO Mark Hill said in a statement. “We beat the top end of our gold production guidance and generated much higher earnings and cash flow than a year ago. We also advanced our growth pipeline, with good progress at Lumwana and Fourmile.” The company also announced an agreement with Newmont that expands the Nevada Gold Mines joint venture and resolves outstanding disputes between the two companies. Under the agreement, Barrick will contribute Fourmile while Newmont will contribute the Mike and Fiberline properties, creating a Nevada complex with nearly 100 million ounces of gold, according to Barrick. Newmont will also make a $1.95 billion cash payment to Barrick. The agreement includes Newmont's consent to Barrick's planned initial public offering of its North American gold assets. Barrick said the IPO remains on track for completion by the end of the year, with Hill set to lead the new company as CEO following the separation. “We achieved an historic agreement with Newmont. Newmont has consented to the IPO and the parties have agreed to expand NGM with the early vend-in of our excluded properties, as well as settling all disputes,” Hill said. “Through this agreement with our joint venture partner, we have substantially extended the asset base, and provided greater flexibility and value.”

Barrick and Newmont reached a $1.95 billion agreement that resolves their Nevada Gold Mines dispute and clears the way for Barrick’s planned North American gold assets IPO. Barrick said it expects to complete the IPO by the end of 2026. Barrick reported second-quarter revenue of $5.29 billion, while adjusted earnings of $0.82 per share came in just below Street expectations of $0.84 per share. Barrick Mining (B) moved closer to spinning off its North American gold assets IPO into a separate listed company after reaching a $1.95 billion agreement with Newmont (NEM) that also resolves all outstanding disputes surrounding their Nevada Gold Mines joint venture. Barrick said it expects to complete the IPO by the end of 2026, with current CEO Mark Hill to take over the reins of the new company. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The win was, however, overshadowed in premarket trading after Barrick’s second quarter earnings came in below Wall Street expectations, despite a stronger-than-expected jump in gold production. Under the agreement, both miners will contribute previously excluded properties to Nevada Gold Mines (NGM). Barrick will add its Fourmile project, while Newmont will contribute its Fiberline and Mike developments. NGM was created in 2019 when Barrick and Newmont combined their major Nevada operations into a single joint venture. Barrick owns 61.5% of NGM and serves as operator, while Newmont holds the remaining 38.5%. “We are on track to complete the IPO of our North American gold assets by the end of this year. We are excited to launch a pure-play gold company with high-quality, long-life assets exclusively in low-risk jurisdictions. The cooperation agreement with Newmont expands the Nevada complex to nearly 100 million ounces, and the agreement gives us great flexibility and value,” Hill said. Separately, Barrick reported second-quarter revenue of $5.29 billion, topping Wall Street's $5.08 billion estimate, according to Fiscal.ai, while adjusted earnings of $0.82 per share came in just below expectations of $0.84 per share. Gold production rose 11% sequentially to 796,000 ounces, exceeding the company’s guidance of 730,000 to 770,000 ounces, helped by a faster ramp-up at Loulo-Gounkoto in Mali and recovery at Pueblo Viejo in the Dominican Republic. Barrick maintained its 2026 gold production guidance of 2.90 million to 3.25 million ounces and also declared a quarterly dividend of $0.175 per share. B shares were down 4.5% in pre-market trading on Monday, on track to snap a five-session winning streak. Despite the pre-market sell-off, retail sentiment surrounding B on Stocktwits turned ‘extremely bullish’ from ‘bullish’ over the past 24 hours, amid ‘extremely high’ message volumes. One user said, “All things considered, this stock should be trading at least around the $60 level.” This represents a 43% potential upside from current levels. The stock is down around 1% so far this year. Also read: ABCL Stock Has Rallied 100% This Year – Now All Eyes Are On AbCellera’s Menopause Drug Data For updates and corrections, email newsroom[at]stocktwits[dot]com. Arnab Paul has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: Why Did FRMI Stock Rise As Much As 35% After-Hours? RKLB Slips After Hours On Q2 Earnings Miss But Retail Traders Cheer Strong Order Backlog, Upcoming Neutron Launch ASTS Stock Drops After Hours on Q2 Revenue Miss, Wider-Than-Expected Loss, Investor Focus On Future Launches