Barrick Gold Reports Strong Q1 2026 Results, Beats Production Guidance
Barrick Mining Corporation announced its first-quarter 2026 financial and operational results, highlighting disciplined execution that drove superior performance. Gold production reached 719,000 ounces, surpassing the guidance range of 640,000–680,000 ounces, fueled by strong outputs at NGM and Veladero, along with a rapid ramp-up at Loulo-Gounkoto. Copper production totaled 49,000 tonnes, aligning with plans. Financially, the company reported a 111% year-on-year increase in operating cash flow to $2.55 billion and a 195% rise in attributable free cash flow to $1.21 billion. Net earnings per share jumped 256% to $0.96, supported by higher realized gold prices. All-in sustaining costs for gold were $1,708 per ounce, beating internal plans despite year-on-year increases due to inflation and royalties. CEO Mark Hill emphasized continued safety improvements and progress on growth projects like Lumwana and Fourmile. The company maintained its full-year guidance, declared a $0.175 per share dividend, and launched a new $3.0 billion share buyback program. Additionally, the planned IPO for North American Barrick is progressing toward a year-end completion target.
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Barrick Gold Reports Strong Q1 2026 Results, Beats Production Guidance
Barrick Mining Corporation announced its first-quarter 2026 financial and operational results, highlighting disciplined execution that drove superior performance. Gold production reached 719,000 ounces, surpassing the guidance range of 640,000–680,000 ounces, fueled by strong outputs at NGM and Veladero, along with a rapid ramp-up at Loulo-Gounkoto. Copper production totaled 49,000 tonnes, aligning with plans. Financially, the company reported a 111% year-on-year increase in operating cash flow to $2.55 billion and a 195% rise in attributable free cash flow to $1.21 billion. Net earnings per share jumped 256% to $0.96, supported by higher realized gold prices. All-in sustaining costs for gold were $1,708 per ounce, beating internal plans despite year-on-year increases due to inflation and royalties. CEO Mark Hill emphasized continued safety improvements and progress on growth projects like Lumwana and Fourmile. The company maintained its full-year guidance, declared a $0.175 per share dividend, and launched a new $3.0 billion share buyback program. Additionally, the planned IPO for North American Barrick is progressing toward a year-end completion target.
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