Barrick Mining beats on Q3 profit, reaffirms 2026 output Sam Boughedda Mon, November 9, 2026 at 6:43 AM EST 2 min read B +1.64% GC=F +1.03% HG=F +1.52% GC B +1.64% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Barrick Mining Corporation (NYSE: B)(TSX: ABX) reported third-quarter adjusted earnings per share of $0.82, exceeding the analyst consensus of $0.79, though revenue of $5.07 billion fell short of the $5.13 billion estimate.
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The mining company produced 816,000 ounces of gold in the quarter, up 3% from the second quarter and down 2% YoY. Revenue rose 22% YoY, driven by higher realized gold prices. The company reiterated its full-year 2026 gold production guidance of 2.90-3.25 million ounces, with the midpoint of 3.08 million ounces. Barrick also maintained its copper production guidance of 190,000-220,000 tonnes for 2026.
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"This quarter marks a full year of consistent delivery," said Mark Hill, President and CEO. "For the fourth consecutive quarter, we improved safety, executed against our plans, strengthened Nevada Gold Mines, advanced our growth projects, and returned significant capital to shareholders."
Gold all-in sustaining costs increased to $1,911 per ounce from $1,538 per ounce in the prior-year period, primarily reflecting lower grades processed, higher royalties tied to elevated gold prices, and increased diesel costs. Adjusted net earnings rose 37% YoY to $1.35 billion, while attributable adjusted EBITDA increased 22% to $2.47 billion.
Operational performance was strong across the portfolio, with Cortez benefiting from the continued Goldrush ramp-up and Carlin's Gold Quarry roaster posting a record quarter. Loulo-Gounkoto produced 16% more than in the second quarter, with the ramp-up remaining ahead of schedule.
The company declared a quarterly dividend of $0.175 per share.
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