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Research Alert: Barrick Mining Posts Q1 Sales And Eps Beat, Production Beats Guidance

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Barrick Mining posted Q1 adj. EPS of $0.98 vs. $0.35 in the prior year, $0.17 above consensus, with sales of $5.2B up 66% Y/Y and 8% above the Street's estimates. Gold production of 719k ounces exceeded guidance by 9% at the mid-point, owing to Nevada Gold Mines' performance and a faster Loulo ramp-up following the Mali resolution. The production beat validates management's operational focus under Hill's leadership and demonstrates leverage in Barrick's cost structure as gold prices remain elevated. Management reaffirmed 2026 guidance for gold production of 2.90M-3.25M ounces and copper production of 190k-220k tonnes. Attributable FCF surged 195% Y/Y to $1.21B while the company maintains net cash of $2.41B, enabling a $0.175 quarterly dividend and new $3.0B buyback authorization. The targeted year-end 2026 North America IPO remains on track, which we continue to view as a significant value unlock opportunity for the Nevada Gold Mines, Pueblo Viejo, and Fourmile assets in stable jurisdictions.

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