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Barrick Mining Corporation USD

At a glance: strengths & risks
✓Revenue growing (+31%)✓Profit growing (+132%)✓Margins improving (52%→65%)✓Net cash balance sheet

Sector: Gold mining

Geography: Canada, USA, Argentina, Zambia

COMM_B

Price chart

41.6 USDDay 1.69%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
41.6 USD · 1.69%
Market cap
69.7 bn USD

Growth

Δ revenue y/y
66.7%
Δ EBITDA y/y
111.3%

Multiples

P/E (LTM)
11.4x
3y avg: 11.0x
P/B (FY)
2.6x
P/E (ann.)
10.9x
EV/EBITDA (LTM)
5.7x
3y avg: 5.7x
EV/EBITDA (ann.)
4.9x

Cash return

Dividend yield
2.2%
FCF yield (LTM)
4.3%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-10.2%
↓ details

Liquidity

Daily turnover (listing)
323.9 mln USD

Shares: yahoo_fundamentals_timeseries/B

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK5.2
y/y 66.7%
3.0
y/y 141.2%
0.5
y/y 21.7%
3.5
y/y 111.3%
1.6
y/y 238.0%
2.6-1.052.6
y/y 9.2%
27.3
y/y 11.8%
23.8%-2.4Link
2025-12-31Q4 2025 (3M)OK6.0
y/y 64.5%
3.0
y/y 53.9%
0.6
y/y 23.8%
3.6
y/y 47.9%
2.4
y/y 102.7%
2.7-1.151.6
y/y 8.3%
26.6
y/y 9.3%
27.7%-1.5Link
2025-09-30Q3 2025 (3M)OK4.1
y/y 23.2%
2.1
y/y 88.3%
0.5
y/y -3.6%
2.5
y/y 60.7%
1.3
y/y 66.9%
2.4-0.948.4
y/y 2.1%
25.1
y/y -23.5%
6.9%-0.3Link
2025-06-30Q2 2025 (3M)OK3.7
y/y 16.4%
1.7
y/y 54.8%
0.4
y/y -9.2%
2.1
y/y 35.2%
0.8
y/y 27.9%
1.3-0.947.3
y/y 2.3%
24.8
y/y -23.6%
13.2%-0.1Link
2025-03-31Q1 2025 (3M)OK3.1
y/y 13.9%
1.2
y/y 77.7%
0.4
y/y -13.3%
1.6
y/y 40.7%
0.5
y/y -2.7%
1.2-0.848.1
y/y 5.0%
24.4
y/y -24.1%
7.8%0.6Link
2024-12-31Q4 2024 (3M)OK3.6
y/y 19.2%
1.9
y/y 147.6%
0.5
y/y -14.2%
2.4
y/y 80.1%
1.2
y/y 98.8%
1.4-0.947.6
y/y 4.0%
24.3
y/y 4.1%
10.8%0.7Link
2024-09-30Q3 2024 (3M)OK3.4
y/y 17.7%
1.1
y/y 29.5%
0.5
y/y -5.4%
1.6
y/y 16.6%
0.8
y/y 33.3%
1.2-0.747.4
y/y 3.9%
32.9
y/y 3.8%
3.2%≈ 0.6Link
2024-06-30Q2 2024 (3M)OK3.2
y/y 11.6%
1.1
y/y 34.8%
0.5
y/y 0.0%
1.6
y/y 21.9%
0.6
y/y 26.3%
1.2-0.846.2
y/y 2.1%
32.5
y/y 3.2%
7.8%-4.0Link
2024-03-31Q1 2024 (3M)OK2.7
y/y —
0.7
y/y —
0.5
y/y —
1.2
y/y —
0.5
y/y —
0.8-0.745.8
y/y —
32.2
y/y —
7.0%≈ 0.6Link
2023-12-31Q4 2023 (3M)OK3.1
y/y —
0.8
y/y —
0.6
y/y —
1.4
y/y —
0.6
y/y —
1.0-0.945.8
y/y —
23.3
y/y —
7.1%0.6Link
2023-09-30Q3 2023 (3M)OK2.9
y/y —
0.9
y/y —
0.5
y/y —
1.4
y/y —
0.6
y/y —
1.1-0.845.6
y/y —
31.7
y/y —
2.5%≈ -4.1Link
2023-06-30Q2 2023 (3M)OK2.8
y/y —
0.8
y/y —
0.5
y/y —
1.3
y/y —
0.5
y/y —
0.8-0.845.3
y/y —
31.5
y/y —
—-4.1Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)61
Long-term debt (incl. LT leases)4 665
− Cash & equivalents7 131
Net debt-2 405

Net debt / LTM EBITDA: -0.2x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%50%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

01 0002 0003 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-5 000-4 000-3 000-2 000-1 00001 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.45x of reported net profit; after capex, 0.43x.
year20212022202320242025
cash flow / profit1.33x3.42x1.91x1.45x1.07x
accruals, % of assets-2.3%-5.4%-3.9%-2.9%-1.0%
Last twelve months (to 2025-Q2): 1.09x of profit came back as operating cash flow.
net debt / EBITDA -0.1x · EBIT covers interest 19.6x · capex 1.6x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
76.80 million ounces
2023
Reserve life (R/P)
19.6 yrs
reserves ÷ annual output
Annual production
3.91 million ounces
2024

Production, million ounces

4.4420214.1420224.0520233.912024

Proved reserves

YearReserves, million ounces
202376.80

Production

YearProduction, million ounces
20243.91
−3.5%
20234.05
−2.2%
20224.14
−6.8%
20214.44

Barrick attributable gold production; P&P reserves end-2023 (curated from company production reports).

Key-commodity price — Gold

Current 4 376spot vs LTM +3%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -10.2% ▲ +0.1 pp 1d

Main driver: Gold +11% vs LTM; revenue ×1.14 vs costs ×1.04; EBITDA 12 219→11 721; at 5.0× EV/EBITDA → -10%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Gold (rev)+86%4 375.603 936.853 238.45+11%-18%
Copper (rev)+14%14 686.7311 428.3610 874.08+29%-5%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue19 044
LTM EBITDA12 219
LTM cash costs (revenue − EBITDA)6 825
2 · Revenue projection
Revenue multiplier — spot×1.136 (+14%)
= Spot revenue21 629
Revenue multiplier — 3y price×0.841 (-16%)
= 3-year-price revenue16 009
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs7 098
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs7 098
4 · EBITDA projection (revenue − costs)
= Spot EBITDA14 531
= 3-year-price EBITDA8 911
Conservative EBITDA = min(spot, avg)11 721
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)5.0x
Target EV = EV/EBITDA × conservative EBITDA58 254
Net debt-2 405
Target market cap = EV − net debt62 562
Current market cap69 695

Upside = target market cap ÷ current − 1 = -10.2%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2024 Q23 1623 379-6.4%1 5721 755-10.4%
2024 Q33 3683 477-3.1%1 5841 842-14.0%
2024 Q43 6453 631+0.4%2 4331 924+26.5%
2025 Q13 1303 806-17.8%1 5872 226-28.7%
2025 Q23 6814 139-11.1%1 8522 569-27.9%
2025 Q34 1484 172-0.6%2 9402 540+15.7%
2025 Q45 9974 828+24.2%3 5993 344+7.6%
2026 Q15 2185 842-10.7%3 8284 054-5.6%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +31% vs +13% the year before — a +17.8 pp move. 3-year CAGR +15%.
revenue growth by year: 2023 +3% · 2024 +13% · 2025 +31%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 4.2x · target 75th pct (3y) 5.0x · LTM avg 6.3x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-290.175 USDEx-dividend: 0.175 USD per sharePaidYahoo Finance (ex-div)
2026-02-270.42 USDEx-dividend: 0.42 USD per sharePaidYahoo Finance (ex-div)
2025-11-280.175 USDEx-dividend: 0.175 USD per sharePaidYahoo Finance (ex-div)
2025-08-290.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-05-300.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2025-02-280.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2024-11-290.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2024-08-300.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2024-05-310.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2024-02-280.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2023-11-290.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2023-08-300.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2023-05-300.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2023-02-270.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2022-11-290.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2022-08-300.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2022-05-260.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2022-02-250.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2021-11-290.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2021-08-300.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Barrick Mining Corporation — from primary filings.

Barrick Mining Corporation explores, develops, produces, and sells mineral properties, primarily focusing on gold, copper, silver, and energy materials.

Frequently asked questions

What is Barrick Mining Corporation's P/E ratio?
Barrick Mining Corporation trades at a P/E of 11.4x (price to trailing 12-month earnings).
What is Barrick Mining Corporation's EV/EBITDA?
Barrick Mining Corporation trades at 5.7x EV/EBITDA.
What is Barrick Mining Corporation's P/B ratio?
Barrick Mining Corporation trades at a P/B of 2.6x.
What is Barrick Mining Corporation's dividend yield?
Barrick Mining Corporation's trailing 12-month dividend yield is 2.2%.
What is Barrick Mining Corporation's return on equity (ROE)?
Barrick Mining Corporation's ROE is 23.8%.
What is Barrick Mining Corporation's market capitalization?
Barrick Mining Corporation's market cap is 69.7 bn USD.

See also: Gold Mining Stocks: The Cheapest Gold Miners by Valuation (2026) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map