Barrick lifts adjusted earnings 41% as revenue reaches $5.1 billion Proactive Mon, November 9, 2026 at 8:56 AM EST 2 min read B +3.72% GC=F +1.32% HG=F +1.46% B +3.72% 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.
Barrick Mining Corp (NYSE:B, TSX:ABX), the gold and copper producer, reported a 41% increase in adjusted earnings per share as higher metal prices lifted third-quarter revenue by 22% to $5.07 billion.
Adjusted earnings per share reached $0.82 in the three months to September, compared with $0.58 a year earlier, while adjusted net earnings increased 37% to $1.35 billion.
Net earnings rose 1% to $1.32 billion, equivalent to $0.80 per share, compared with $1.30 billion in the corresponding period last year.
Attributable adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased 22% to $2.47 billion, although the attributable EBITDA margin edged up only one percentage point to 60%.
Gold production totalled 816,000 ounces, down 2% year on year but up 3% from the second quarter, while continuing operations production increased 6% excluding divested assets.
Production faced disruption from extreme weather at Veladero in Argentina and delayed access to higher-grade material at North Mara in Tanzania, which is expected to become available in the fourth quarter.
The company benefited from stronger performances at several operations, including Cortez, where the Goldrush mine continued its ramp-up, and Carlin, which recorded quarterly production throughput at its Gold Quarry roaster.
Higher production costs remained a pressure point, with gold all-in sustaining costs (AISC), a measure including the expenditure needed to maintain existing production, rising 24% to $1,911 per ounce.
The increase reflected lower grades processed, higher royalties linked to gold prices, elevated diesel costs and increased sustaining capital expenditure.
The company generated $2.49 billion in operating cash flow, while attributable free cash flow fell 44% year on year to $642 million.
The balance sheet remained in a net cash position of $909 million at September's end, compared with $323 million a year earlier.
The miner returned $1.04 billion to shareholders during the quarter, including $761 million in share repurchases and a quarterly dividend of $0.175 per share.
Barrick maintained its 2026 production guidance of 2.90 million to 3.25 million ounces of gold and 190,000 to 220,000 tonnes of copper.
Gold AISC guidance also remained unchanged at $1,760 to $1,950 per ounce, against third-quarter costs of $1,911 per ounce.
