Barrick Gold Reports Strong Q1 2026 Results, Beats Production Guidance
Barrick Mining Corporation announced robust first-quarter 2026 financial and operational results, driven by disciplined execution and higher realized gold prices. The company produced 719,000 ounces of gold, surpassing its guidance range of 640,000–680,000 ounces, thanks to strong performances at NGM and Veladero, along with a rapid ramp-up at Loulo-Gounkoto. Copper production reached 49,000 tonnes, aligning with plans. Financially, Barrick reported net earnings per share of $0.96, a 256% year-on-year increase, and attributable free cash flow of $1.21 billion, up 195%. All-in sustaining costs for gold were $1,708 per ounce, better than planned despite inflationary pressures. CEO Mark Hill highlighted improved safety practices and progress in growth projects like Lumwana and Fourmile. Looking ahead, Barrick expects sequential growth in gold production for Q2, with full-year guidance unchanged. The company also declared a quarterly dividend of $0.175 per share, announced a new $3.0 billion share buyback program, and confirmed that the North American Barrick IPO is on track for completion by year-end to unlock shareholder value.
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Barrick Gold Reports Strong Q1 2026 Results, Beats Production Guidance
Barrick Mining Corporation announced robust first-quarter 2026 financial and operational results, driven by disciplined execution and higher realized gold prices. The company produced 719,000 ounces of gold, surpassing its guidance range of 640,000–680,000 ounces, thanks to strong performances at NGM and Veladero, along with a rapid ramp-up at Loulo-Gounkoto. Copper production reached 49,000 tonnes, aligning with plans. Financially, Barrick reported net earnings per share of $0.96, a 256% year-on-year increase, and attributable free cash flow of $1.21 billion, up 195%. All-in sustaining costs for gold were $1,708 per ounce, better than planned despite inflationary pressures. CEO Mark Hill highlighted improved safety practices and progress in growth projects like Lumwana and Fourmile. Looking ahead, Barrick expects sequential growth in gold production for Q2, with full-year guidance unchanged. The company also declared a quarterly dividend of $0.175 per share, announced a new $3.0 billion share buyback program, and confirmed that the North American Barrick IPO is on track for completion by year-end to unlock shareholder value.
Montreal Gazette