$ABX.TO

Barrick Mining Releases Its 2025 Sustainability Report

Barrick Mining (ABX.TO, B) on Friday published its 2025 sustainability report and accompanying performance data, outlining the company's sustainability efforts over the year past.The miner reported a 60% reduction in total recordable injury frequency rate since 2020, and a 28% year-over-year reduction in lost time injuries.In 2025, 96% of Barrick's employees and 76% of its suppliers were drawn from host countries, with over US$7.1 billion in spending with local and host country suppliers.Barrick also invested over $62 million in community-led development initiatives. In April, the company published its Human Rights report.In addition, Barrick continued to advance the application of its Biodiversity risk and impact assessment tool to improve how biodiversity risks are identified. It also continued to optimize its water use and recycling rates, while advancing its Scope 3 emissions supplier engagement."As we enter an exciting new phase of growth and delivery, sustainability remains fundamental to how we operate," Chief Executive Officer Mark Hill said. "The principles that have guided us for years remain unchanged: keeping our people safe, mining responsibly, building strong partnerships, and delivering long-term value that is shared by all our stakeholders."Barrick shares were last seen up $1.13 to $55.68 on the Toronto Stock Exchange.Price: $55.71, Change: $+1.16, Percent Change: +2.13%

RBC Precious Metals Price Target Changes Brief: Lundin To C$98 From $113; PAAS To US$65 From $75; Agnico To US$230 From $280; Barrick To US$51 From $62

RBC Precious Metals Price Target Changes Brief: Lundin To C$98 From $113; PAAS To US$65 From $75; Agnico To US$230 From $280; Barrick To US$51 From $62

Chakana Copper Closes Its Acquisition of Barrick's Stake in the La Joya Project in Peru

Chakana Copper (PERU.V) on Monday said it closed the acquisition of Barrick Mining's (ABX.TO, B) interest in the La Joya Project in Peru.Barrick has become a shareholder of Chakana, joining Gold Fields and EMR Capital, it said. Chakana issued 4.1-million shares to Barrick, giving it an 8% stake in the company as consideration for the acquisition. Barrick will also retain a 2% net smelter royalty.The company said it is now positioned to "aggressively" follow up on the favorable results obtained during the 2024 scout drilling programs at both the Mega-Gold and La Joya HSE targets.Shares of the company were last seen up $0.005 to $0.15 on the TSX Venture Exchange.Price: $0.15, Change: $+0.01, Percent Change: +3.45%

Gold Royalty Valuations Have Contracted, RBC Says

Valuations of gold royalty companies have contracted especially for mid/small cap companies including Triple Flag Precious Metals (TFPM.TO) and OR Royalties (OR.TO), RBC Capital Markets said Wednesday.OR's shares trade at the lowest valuation across the royalty group and a larger discount to historical valuation levels, RBC said.The market value of larger cap royalty companies including Wheaton Precious Metals (WPM.TO) and Franco-Nevada (FNV.TO) valuation has been more resilient, according to RBC.Meanwhile, valuations of senior producers including Agnico Eagle (AEM.TO) have converged.Barrick's (ABX.TO) shares have begun to outperform peers following its positive first-quarter results, resumption of its buyback program, and potential upside from its planned initial public offering in North America.Price: $42.55, Change: $-1.09, Percent Change: -2.50%

SSR, OceanaGold, Pan American Silver Have Strongest Cost Performance Among Precious Metals Companies in Q1

SSR Mining (SSR.TO), OceanaGold (OFC.TO) and Pan American Silver (PAAS.TO) showed the strongest cost performance and outperformed their peer-group averages among senior precious metals producers following the first-quarter reporting season, National Bank of Canada said Thursday.Meanwhile, Versamet Royalties (VMET.TO), Metalla Royalty (MTA.V), Wesdome Gold (WDO.TO), Endeavour Silver (EDR.TO), Orezone (ORE.TO) and Barrick Gold (ABX.TO) show the lowest re-rating upside from a first-quarter revisions perspective, National Bank said.Production growth, sustained free cash flow, capital returns, possible M&A activity and/or cost improvements remain potential catalysts for this group, the bank said.Aris Mining (ARIS.TO), Heliostar (HSTR.V), Lundin Gold (LUG.TO), Elemental Royalties (ELE.TO), Agnico Eagle (AEM.TO) and Alamos Gold (AGI.TO) screen as the most attractive catch-up re-rating opportunities, with valuations having moved furthest from estimate revisions, the bank said.

Update: Alamos Gold Appoints James Clark as its Vice President of Canadian Operations

(Adds National Bank of Canada comment and updates shares.)Alamos Gold (AGI.TO, AGI) on Thursday said it appointed James Clark as its Vice President of Canadian Operations and announced other management changes.Clark has over 20 years of leadership experience and most recently was the Head of Mining, North America, at Barrick Mining (ABX.TO, B), the company said.As well, Marcelo Martinez is being promoted to Vice President of Mexico Operations and Scott Parsons will serve as Senior Vice President of Exploration. The company also promoted Adrian Paulse to the role of Senior Vice President of Information Technology.National Bank of Canada maintained its outperform rating and C$87.00 price target on the company and said that the update reflects "team and responsibility enhancements, adding new perspectives" as the company advances organic growth initiatives toward a step change in production before the end of the decade.Shares of the company were last seen down $0.71 to C$53.52 on the Toronto Stock Exchange.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $53.52, Change: $-0.71, Percent Change: -1.31%

Alamos Gold Appoints James Clark as its Vice President of Canadian Operations

Alamos Gold (AGI.TO) appointed James Clark as its Vice President of Canadian Operations and announced other promotions, it said Thursday.Clark has over 20 years of leadership experience and most recently, was the Head of Mining, North America at Barrick Gold (ABX.TO), the company said. U.S.-listed shares of the company were last seen down 1.6% at US$38.90 in pre-market trading.Marcelo Martinez has been promoted to Vice President of Mexico Operations and Scott R.G. Parsons has been promoted to Senior Vice President of Exploration. The company also promoted Adrian Paulse to the role of Senior Vice President of Information Technology.Shares of the company closed up 2.3% to C$54.23 on Wednesday on the Toronto Stock Exchange.

South Pacific Metals Highlights Ontenu NE Project Key Drill Results; Octavio Garcia appointed Exploration Manager

South Pacific Metals (SPMC.V) said on Wednesday that results from the maiden drill program at its Ontenu NE project in Papua New Guinea confirmed gold mineralization in five of the seven holes drilled.The company cited high-grade intercepts on the K92 corridor: at the Onki zone (peak 9.92 g/t gold re-assay, 2.35% copper) and Jorkol zone, assaying 3.16 g/t gold, 0.62% Cu, 96 g/t Ag with 602 parts per million bismuth). It said mineralization confirms it is drilling within a mineralised hydrothermal system and added ongoing drilling will target the productive, high-grade parts of the veins.Wednesday's statement noted seven holes for 2,266 metres have been completed to date within the wider Osena Project area on the Kainantu Transfer Zone, the same regional structural corridor that hosts K92 Mining's (KNT.TO) producing Kainantu gold-copper mine. Assays have been received for six holes; the seventh is pending. Holes 8 and 9 are currently being drilled.South Pacific also appointed Octavio Garcia as exploration manager, who will be responsible for geological and exploration supervision across the company's projects. He has 30 years of mineral exploration experience, including in Papua New Guinea, with prior roles at Mt Isa Mines, Barrick (ABX.TO) and Xstrata.South Pacific Metals shares closed up $0.02, to $0.495 on Tuesday on the TSX Venture Exchange.

Barrick Mining Maintained at Buy at Stifel Canada After Q1 Results; Price Target Kept at C$95.00

Stifel Canada on Tuesday maintained its buy rating on the shares of Barrick Mining (ABX.TO, B) and its C$95.00 price target following the company's first-quarter results."Barrick reported stronger Q1/26 adjusted EPS of $0.98 vs. our $0.75 (consensus $0.81) and adjusted EBITDA of $3.93Bln vs. our $3.38Bln (consensus: $3.26Bln) on attributable gold production of 719Koz vs. our 658Koz and higher vs. Q1/26 guidance of 640-680Koz as well as copper production of 49Kt vs. our 42Kt. Q1/26 total cash cost (TCC) of $1,327/oz vs. our $1,453/oz and AISC of $1,708/oz vs. our $1,904/oz are both tracking at the low-end and below FY26 guidance and Q1/26 consolidated FCF of $1.58Bln vs our $1.14Bln (+38% QoQ) results in FCF/GEO of $1,750 FCF/GEO (+35% QoQ). Barrick reiterated FY26 guidance (incl Q2/26 gold production of 730-770Koz or +4.3% QoQ) and sequential growth through H2/26 driven by the Loulo-Gounkoto ramp-up, Goldrush, Kibali, and NGM. A new $3.0Bln NCIB was authorized over 12 months. We estimate at spot gold and copper prices, the NCIB is 2.0% accretive to our Barrick NAVPS," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $61.81, Change: $-2.59, Percent Change: -4.02%

Barrick Mining Target Raised To C$75 From $72.50, Keeps Outperform at National Bank On "Incorporating a Strong Start to the Year"

Barrick Mining Target Raised To C$75 From $72.50, Keeps Outperform at National Bank On "Incorporating a Strong Start to the Year"

Update: Barrick Gold's Q1 Adjusted Net Earnings Climb 173% YoY, Lower Dividend As Part of New Dividend Policy

(Adding share price move in first paragraph, additional background information on the dividend in paragraph 11 and commentary from National Bank in paragraph 13)Barrick Gold (ABX.TO) was at last look up by more than 3% in U.S. premarket trade after reporting a 173% jump in adjusted net earnings year over year in the first quarter, citing higher gold production, lower costs and a supportive gold price.Adjusted net earnings were US$1.65 billion, or $0.98 per share, surging from $603 million, or $0.35 per share. The result exceeded the earnings per share consensus estimate of $0.81 as compiled by FactSet.Revenues were $5.22 billion, up from $3.13 billion. The result beat the sales consensus estimate of $4.83 billion as compiled by FactSet.Gold production was 719,000 ounces, down from 758,000 ounces but exceeding the guidance range of 640,000-680,000 ounces. Realized gold price rose 66% to $4,823/ounce.Copper production was 49,000 tonnes, up from 44,000 tonnes.Gold production is expected to increase sequentially throughout the year. Second-quarter gold production is forecast at 730,000 to 770,000 ounces.Full-year 2026 gold production guidance was maintained at 2.90 million to 3.25 million ounces. Copper production guidance also remains unchanged at 190,000 to 220,000 tonnes.Barrick's planned initial public offering of a minority stake of a company that will hold its North American gold assets is on track for completion by the end of 2026, subject to market conditions and necessary approvals.The assets include Barrick's stakes and operatorship of Nevada Gold Mines and Pueblo Viejo, as well as the Fourmile project.Additionally, Barrick has declared a first-quarter dividend of $0.175 per share. The dividend will be paid on June 15 to shareholders of record at the close of business on May 29.The dividend represents a decrease from the $0.42 per share dividend announced for the fourth quarter of 2025. However, Barrick had in February 2026 flagged a new dividend policy, saying that in Q4 2025 and going forward, the company's new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis, comprised of a fixed base quarterly dividend of $0.175 per share and a performance top-up component at each year end based on the attributable free cash flow during the year. The dividend paid in any given year may be higher or lower than the 50% target based on the strength of cash flow, capital needs, balance sheet considerations and other factors.Barrick's board has also authorized the repurchase of up to $3.0 billion of the company's outstanding common shares at prevailing market prices.National Bank noted Barrick reported Q1 financial and operating results were above its estimates and consensus. "All else equal," the bank said, "we expect shares to trade ahead of peers today given the stronger Q1 operational performance, enhanced capital return policy and plans to surface value from the IPO of its North American business unit."

Barrick Gold's Q1 Adjusted Net Earnings Climb 173% YoY, Lowers Dividend

Barrick Gold (ABX.TO) reported a 173% jump in adjusted net earnings year over year in the first quarter, citing higher gold production, lower costs and a supportive gold price.Adjusted net earnings were US$1.65 billion, or $0.98 per share, surging from $603 million, or $0.35 per share. The result exceeded the earnings per share consensus estimate of $0.81 as compiled by FactSet.Revenues were $5.22 billion, up from $3.13 billion. The result beat the sales consensus estimate of $4.83 billion as compiled by FactSet.Gold production was 719,000 ounces, down from 758,000 ounces but exceeding the guidance range of 640,000-680,000 ounces. Realized gold price rose 66% to $4,823/ounce.Copper production was 49,000 tonnes, up from 44,000 tonnes.Gold production is expected to increase sequentially throughout the year. Second-quarter gold production is forecast at 730,000 to 770,000 ounces.Full-year 2026 gold production guidance was maintained at 2.90 million to 3.25 million ounces. Copper production guidance also remains unchanged at 190,000 to 220,000 tonnes.Barrick's planned initial public offering of a minority stake of a company that will hold its North American gold assets is on track for completion by the end of 2026, subject to market conditions and necessary approvals.The assets include Barrick's stakes and operatorship of Nevada Gold Mines and Pueblo Viejo, as well as the Fourmile project.Additionally, Barrick has declared a first-quarter dividend of $0.175 per share. The dividend will be paid on June 15 to shareholders of record at the close of business on May 29.The dividend represents a decrease from the $0.42 per share dividend announced for the fourth quarter of 2025.Barrick's board has also authorized the repurchase of up to $3.0 billion of the company's outstanding common shares at prevailing market prices.

Barrick Mining Says North American Barrick IPO "Progressing As Planned, Targeting Completion By Year End"

Barrick Mining FY Production and Cost Guidance Remains Unchanged

Barrick Mining Gold Production Expected to Increase "Sequentially" Through Year with Q2 Gold Production of 730,000-770,000 ounces

Hercules Metals Upsizes Private-Placement Share Financings to $31.5 Million

Hercules Metals (BIG.V) on Wednesday said it upsized private-placement share financings to $31.5 million from $23.2 million.The company sold underwriters 36.4-million shares price at $0.59 each in a bought-deal private placement, raising $21.4 million.It also is also seeking $10 million in a brokered private placement of 17-million shares, also priced at $0.59 eachBarrick Mining (ABX.TO) has a participation right to maintain its stake in the company but Hercules did not say if the company plans to participate in the offerings.Proceeds will be used for exploration and development of its 100% owned Hercules property in western Idaho and for general working capital needs.Shares of the company were last seen down $0.01 to $0.63 on the TSX Venture Exchange.Price: $0.63, Change: $-0.01, Percent Change: -1.56%

CIBC Reaffirms Barrick Mining's Outperformer Rating, US$63.00 Price Target, Ahead of Q1 Results

CIBC Capital Markets on Wednesday maintained its outperformer rating on the shares of Barrick Mining (ABX.TO, B) and its US$63.00 price target ahead of the company's first-quarter results.CIBC expects Barrick to book adjusted earnings of US$0.82 per share in the first quarter, higher that its previous estimate of US$0.73 per share, following a read-through of Nevada Gold Mines results from Newmont's (NEM) earnings.NGM looks to have had a strong start to the year, which will likely provide a tailwind into Barrick's first-quarter earnings that will be released May 11, CIBC said.The recent assassination of Mali's defense minister in Mali and a development pause at the Reko Diq project in Pakistan represent headwinds for Barrick, CIBC said.Price: $52.95, Change: $+0.37, Percent Change: +0.69%

TSX Down 180 Points at Midday With Tech, Materials Sectors The Worst Performers

The Toronto Stock Exchange is down 180 points at midday, pulled lower by the technology and materials sectors, both down 4.0%.Celestica (CLS.TO), which reported a first-quarter earnings beat on Monday, is down 15% to $488.00 at midday.Energy and telecoms are the best performers, up 2.6% and 1.1%, respectively. Telus (T.TO) which earlier today announced a partnership with Technotree, is up 2.3% with over 4-million shares being traded. The Globe & Mail also reports that Telus was upgraded to buy, from hold at at TD Cowen.The federal government will table its spring economic update at 4:00 p.m. today with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits, CBC News reports. Budget watchers are expecting a lower deficit.In company news, Barrick Mining (ABX.TO) provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American gold assets, the company said Tuesday. In reaction, National Bank said its outperform rating remains based on Barrick's discounted valuation, future advancement of Fourmile and the upcoming value realization of its North American assets. "Advancing exploration at Fourmile represents a significant value driver for the company and given the previously announced resolution of Loulo-Gounkoto in Mali, supports a further re-rating. With a retooled focus on growing gold production in the Americas (centered around Nevada) and continued operational improvements, we see the potential for more sustainable multiple expansion going forward," the bank added.

Update: Barrick Advancing IPO of North American Gold Assets, Announcing Executive Appointments

(Adds National Bank commentary in second and third paragraphs and updates share price in the last paragraph)Barrick Mining Corporation (NYSE:B and ABX.TO) has made several executive appointments and provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American Gold Assets, the company said Tuesday.In reaction, National Bank said its Outperform rating remains based on Barrick's discounted valuation, future advancement of Fourmile and the upcoming value realization of its North American assets. "Advancing exploration at Fourmile represents a significant value driver for the company and given the previously announced resolution of Loulo-Gounkoto in Mali, supports a further re-rating. With a retooled focus on growing gold production in the Americas (centered around Nevada) and continued operational improvements, we see the potential for more sustainable multiple expansion going forward," the bank added.National Bank said it derives its C$72.50 target price from a 100% weighted 6.50x EV/2026E EBITDA target multiple, implying a P/NAV multiple of 1.07 times. The bank noted Barrick is currently trading at 4.8x EV/2026E EBITDA and 0.78x NAV compared to senior gold peers at 6.6x and 1.01x, respectively.Barrick in its statement Tuesday said an executive leadership team dedicated exclusively to North American Barrick has been appointed. "They have been working successfully together for many months. The team consists of experienced and proven Barrick veterans with deep expertise in operations, exploration, and development," it added.The team reports to Mark Hill, Barrick President and CEO, and is comprised of: Tim Cribb, Chief Operating Officer; Wessel Hamman, Chief Financial Officer; Joe Heckendorn, Chief Legal Officer & Corporate Secretary; Megan Tibbals, Chief Technical Officer; Richard Barley, Chief HR Officer; Javier Ortuzar, Vice President, Exploration; and Amanda Steensen, Vice President, Sustainability.Barrick said North American Barrick will include a portfolio of four tier one gold assets located in premier mining jurisdictions in North America: Carlin, Cortez, and Turquoise Ridge in the Nevada Gold Mines complex and the Pueblo Viejo mine in the Dominican Republic. North American Barrick's assets produced approximately 2.0Moz of gold in 2025 attributable to Barrick's interests.North American Barrick will also include Barrick's wholly-owned Fourmile gold project, located adjacent to NGM. It said: "Barrick believes Fourmile is one of the most significant gold discoveries of this century and will be a significant high-grade and low-cost growth opportunity in North American Barrick's portfolio. It is anticipated that Fourmile will eventually be contributed to the NGM joint venture, in accordance with the NGM Joint Venture Agreement."Barrick said it has identified what it believes to be the optimal structure for the IPO of its North American assets. North American Barrick is expected to have its primary listing in New York, with a secondary listing in Toronto, subject to customary SEC registration and Canadian prospectus qualification processes. Barrick added it is on track to complete the IPO by the end of 2026, subject to market and other conditions and necessary approvals.The company anticipated that the IPO will abide by all applicable commitments in Barrick's Joint Venture Agreements. "Barrick's leaders have been meeting with their counterparts at Newmont to discuss improving performance at NGM, the proposed IPO, and the timeline of the vend-in on Fourmile. While Barrick is free to pursue the IPO unilaterally, it is working in close collaboration with its Joint Venture partner to ensure value is created and maximized for all."Shares in Barrick were down 1.2% in Canada yesterday. It lost 1% in US trading yesterday and was at last look down 2% in US premarket.

Barrick Advancing IPO of North American Gold Assets, Announcing Executive Appointments

Barrick Mining Corporation (NYSE:B and ABX.TO) has made several executive appointments and provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American Gold Assets, the company said Tuesday.An executive leadership team dedicated exclusively to North American Barrick has been appointed. the company said. "They have been working successfully together for many months. The team consists of experienced and proven Barrick veterans with deep expertise in operations, exploration, and development," it added.The team reports to Mark Hill, Barrick President and CEO, and is comprised of: Tim Cribb, Chief Operating Officer; Wessel Hamman, Chief Financial Officer; Joe Heckendorn, Chief Legal Officer & Corporate Secretary; Megan Tibbals, Chief Technical Officer; Richard Barley, Chief HR Officer; Javier Ortuzar, Vice President, Exploration; and Amanda Steensen, Vice President, Sustainability.Barrick said North American Barrick will include a portfolio of four tier one gold assets located in premier mining jurisdictions in North America: Carlin, Cortez, and Turquoise Ridge in the Nevada Gold Mines complex and the Pueblo Viejo mine in the Dominican Republic. North American Barrick's assets produced approximately 2.0Moz of gold in 2025 attributable to Barrick's interests.North American Barrick will also include Barrick's wholly-owned Fourmile gold project, located adjacent to NGM. It said: "Barrick believes Fourmile is one of the most significant gold discoveries of this century and will be a significant high-grade and low-cost growth opportunity in North American Barrick's portfolio. It is anticipated that Fourmile will eventually be contributed to the NGM joint venture, in accordance with the NGM Joint Venture Agreement."Barrick said it has identified what it believes to be the optimal structure for the IPO of its North American assets. North American Barrick is expected to have its primary listing in New York, with a secondary listing in Toronto, subject to customary SEC registration and Canadian prospectus qualification processes. Barrick added it is on track to complete the IPO by the end of 2026, subject to market and other conditions and necessary approvals.The company anticipated that the IPO will abide by all applicable commitments in Barrick's Joint Venture Agreements. "Barrick's leaders have been meeting with their counterparts at Newmont to discuss improving performance at NGM, the proposed IPO, and the timeline of the vend-in on Fourmile. While Barrick is free to pursue the IPO unilaterally, it is working in close collaboration with its Joint Venture partner to ensure value is created and maximized for all."Shares in Barrick were down 1.2% in Canada yesterday. It lost 1% in US trading yesterday and was at last look down 1.6% in US premarket.