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Barrick Mining Corporation USD

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

At a glance: strengths & risks
✓Revenue growing (+44% y/y, Q2 2026)✓Profit growing (+50% y/y, Q2 2026)✓Margins improving (50%→61%, Q2 2026)✓Net cash balance sheet

Sector: Gold mining

Geography: Canada, USA, Argentina, Zambia

COMM_B

Price chart

40.76 USDDay 0.82%

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
40.76 USD · 0.82%
Market cap
68.3 bn USD

Growth

Δ revenue y/y
43.8%
Δ EBITDA y/y
50.8%

Multiples

P/E (LTM)
13.9x
3y avg: 11.0x
P/B (FY)
2.6x
P/E (ann.)
14.0x
EV/EBITDA (LTM)
5.2x
3y avg: 5.7x
EV/EBITDA (ann.)
5.2x

Cash return

Dividend yield
2.3%
FCF yield (LTM)
4.4%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-17.8%
↓ details

Liquidity

Daily turnover (listing)
191.6 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
2026-06-30Q2 2026 (3M)OK5.3
y/y 43.8%
2.6
y/y 56.8%
0.6
y/y 27.3%
3.2
y/y 50.8%
-0.4
y/y 50.1%
-0.8-0.252.3
y/y 10.7%
27.3
y/y 10.0%
17.8%-1.2Yahoo Finance
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%-2.4Yahoo Finance
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%-1.5Yahoo Finance
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%-0.3Yahoo Finance
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%-0.1Yahoo Finance
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%0.6Yahoo Finance
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 -24.1%
10.8%0.7Yahoo Finance
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%≈ 0.6stockanalysis.com
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%0.7stockanalysis.com
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 —
6.1%≈ 0.6stockanalysis.com
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 —
32.0
y/y —
6.1%0.6Yahoo Finance
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%≈ -4.1stockanalysis.com
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 —
—-4.1stockanalysis.com

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)15
Long-term debt (incl. LT leases)4 667
− Cash & equivalents5 927
Net debt-1 245

Net debt / LTM EBITDA: -0.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%50%100%150%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

01 0002 0003 0004 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-3 000-2 000-1 00001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

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 2026-06-30): 1.39x of profit came back as operating cash flow.
net debt / EBITDA -0.2x · 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.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

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 086spot vs LTM -1%

Commodity-player potential

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

Upside: -17.8% ▼ -0.8 pp 1d

Main driver: Gold -4% vs LTM; revenue ×0.99 vs costs ×1.04; EBITDA 12 819→10 528; at 5.1× EV/EBITDA → -18%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Gold (rev)+86%4 085.504 242.243 393.37-4%-20%
Copper (rev)+14%14 241.6812 225.5911 290.33+16%-8%

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

1 · Reported baseline (LTM)
LTM revenue20 655
LTM EBITDA12 819
LTM cash costs (revenue − EBITDA)7 836
2 · Revenue projection
Revenue multiplier — spot×0.991 (-1%)
= Spot revenue20 476
Revenue multiplier — 3y price×0.817 (-18%)
= 3-year-price revenue16 879
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs8 149
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs8 149
4 · EBITDA projection (revenue − costs)
= Spot EBITDA12 326
= 3-year-price EBITDA8 730
Conservative EBITDA = min(spot, avg)10 528
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)5.1x
Target EV = EV/EBITDA × conservative EBITDA53 271
Net debt-1 245
Target market cap = EV − net debt56 136
Current market cap68 288

Upside = target market cap ÷ current − 1 = -17.8%

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 5482 540+0.3%
2025 Q45 9974 828+24.2%3 5993 244+11.0%
2026 Q15 2185 842-10.7%3 4673 953-12.3%
2026 Q25 2925 498-3.7%3 2053 556-9.9%

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 5.2x · target 75th pct (3y) 17.4x · LTM avg 6.4x

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

Peer comparison

Group: Gold mining. Each peer is shown as it trades and re-priced onto this company's market (global) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
B2Goldglobal7.83.5x3.5x
IAMGOLDglobal10.24.6x4.6x
Kinross Goldglobal28.64.9x4.9x
Harmony GoldSouth Africa10.23.5x5.4x
Coeur Miningglobal9.76.0x6.0x
Evolution MiningAustralia17.27.8x7.4x
Newmont Corporationglobal127.67.7x7.7x
Northern Star ResourcesAustralia24.89.0x8.6x
Alamos Goldglobal13.48.8x8.8x
Agnico Eagle Minesglobal94.18.9x8.9x
AngloGold AshantiSouth Africa46.26.0x9.3x
Hecla Mining Companyglobal10.110.5x10.5x
Group median6.9x7.6x
Group average6.8x7.1x
This companyglobal68.35.2x5.2x

Group median 6.9x as traded, 7.6x adjusted; this company 5.2x — a 31% discount.

Group average 6.8x as traded, 7.1x adjusted; against the average this company is at a 27% discount.

At the adjusted group median the market cap would be +44% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.9x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.7x, India 18.8x, Indonesia 5.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-310.175 USDEx-dividend: 0.175 USD per sharePaidYahoo Finance (ex-div)
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)

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.

Frequently asked questions

What is Barrick Mining Corporation's P/E ratio?
Barrick Mining Corporation trades at a P/E of 13.9x (price to trailing 12-month earnings).
What is Barrick Mining Corporation's EV/EBITDA?
Barrick Mining Corporation trades at 5.2x 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 2.3%.
What is Barrick Mining Corporation's return on equity (ROE)?
Barrick Mining Corporation's ROE is 17.8%.
What is Barrick Mining Corporation's market capitalization?
Barrick Mining Corporation's market cap is 68.3 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