Barrick Third-Quarter Revenue Rises 22% to $5.07 Billion: Gold Output of 816,000 Ounces, Net Earnings of $1.32 Billion or $0.80 Per Share and Adjusted EPS Up 41
TORONTO, Ontario, Canada — Barrick Mining Corporation (NYSE: B; TSX: ABX) reported on November 9 its third-quarter operating and financial results for the period ended September 30, 2026. According to the company's official earnings release, with all amounts in U.S. dollars, Barrick produced 816 thousand ounces of gold in the quarter, up 3% from the second quarter and up 6% year over year excluding divested assets, and 50 thousand tonnes of copper. Revenue rose 22% year over year to $5.07 billion, operating cash flow was $2.49 billion, attributable operating cash flow was $1.80 billion, and attributable free cash flow was $0.64 billion.
Net earnings for the quarter were $1.32 billion, or $0.80 per share, up 1% year over year, while adjusted net earnings were $1.35 billion, or $0.82 per share — adjusted net earnings per share rose 41%, against $0.76 and $0.58 per share respectively a year earlier. EBITDA increased 13% to $3.22 billion and attributable adjusted EBITDA increased 22% to $2.47 billion. Gold cost of sales was $1,950 per ounce, total cash costs were $1,386 per ounce and all-in sustaining costs (AISC) were $1,911 per ounce, which the company attributed mainly to lower grades processed, higher royalties associated with increased realized gold prices and elevated diesel prices. Operationally, the North America region produced 497 thousand ounces of gold, while the rest of the portfolio produced 319 thousand ounces of gold and all 50 thousand tonnes of copper; the company said Carlin's Gold Quarry roaster posted a record quarter, the Goldrush ramp-up at Cortez continued, and Loulo-Gounkoto produced 16% more than in the second quarter.
On shareholder returns, the company returned $1.04 billion in the quarter through $761 million of share repurchases under its previously announced $3.0 billion buyback programme and a quarterly dividend of $0.175 per share; the third-quarter dividend will be paid on December 15, 2026 to shareholders of record on November 30, 2026. The company ended the quarter with net cash of $0.9 billion, up from $0.3 billion in the third quarter of 2025. Barrick reiterated its full-year 2026 production guidance of 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper, and said total attributable capital expenditure guidance had previously been reduced to $3.8 billion–$4.2 billion. President and Chief Executive Mark Hill said in the release that the quarter marks a full year of consistent delivery, the fourth consecutive quarter of strong operational delivery, and that the company remains on track to achieve its full-year production guidance.
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Source: Barrick Mining (company earnings
Published by GSM · USA (original Chinese edition)
Photo: 金矿矿区（资料图）。（Wikimedia Commons／CC BY-SA 4.0）|A gold mine site (file photo). (Wikimedia Commons / CC BY-SA 4.0)
