Barrick Mining Corporation (formerly Barrick Gold Corporation) is one of the world's largest gold mining companies in terms of production and reserves, with a growing strategic presence in copper. Principal products and revenue sources are gold (~89% of revenue) and copper (~9%). The company operates tier-one assets and major development projects across the U.S., Canada, DRC, Mali, Dominican Republic, Zambia, Pakistan, Papua New Guinea, Saudi Arabia, Argentina, and Tanzania. Its flagship asset is Nevada Gold Mines LLC (NGM), a joint venture with Newmont Corporation (61.5% Barrick, 38.5% Newmont) operated by Barrick, which stands as the single largest gold-mining complex globally. Shares trade on the NYSE under symbol B and on the TSX under ABX.

• Tier-One Asset Portfolio: Operates five Tier-One Gold Assets (Cortez, Carlin, Turquoise Ridge in Nevada at 61.5%; Kibali in DRC at 45%; Loulo-Gounkoto in Mali at 80%) defined by 10+ year mine life, >500k oz annual production, and bottom-half industry cost profiles.
• Transformational Fourmile Discovery: 100% Barrick-owned asset adjacent to Goldrush in Nevada with 2.6M oz indicated and 13M oz inferred resources; high-grade, low-cost profile positions it as one of the century's premier gold discoveries.
• Copper Growth Optionality: Tier-One copper projects including Lumwana (Zambia, 100% owned; Super Pit Expansion targeting 240k tonnes/year) and Reko Diq (Pakistan, 50% owned; 240k tonnes copper + 297k oz gold/year Phase 1).
• Fortress Balance Sheet & FCF: All-time high year-end cash of $6.7B, net cash position of $2.0B ($1.2B at Q2 2026), generating record operating cash flow ($7.7B in 2025) and supporting strong capital return ($2.39B in 2025 via dividends and $1.5B buyback).

• 2026-08-12: CFRA maintained Buy rating with USD 51.00 target following Q2 2026 results. Q2 gold production reached 796k oz (beating guidance) with net earnings up 50% YoY and realized gold price at USD 4,417/oz.
• North American Asset IPO: Barrick is advancing the planned IPO of its North American gold assets (10% float target by end of 2026) to address valuation discounts, supported by a landmark agreement with Newmont that consolidated Fourmile and resolved JV disputes.
• Leadership Appointment: Mark Hill appointed President & CEO in February 2026 (following interim role from September 2025), delivering three consecutive quarters of beats and driving operational momentum across the portfolio.
• Mali Operations Settlement: Reached settlement agreement with the Government of Mali in November 2025, regaining full operational control of the Loulo-Gounkoto complex in December 2025 following a temporary suspension.
• Capital Allocation: Authorized a $3.0B share buyback program in May 2026 following $1.5B repurchased in 2025.

• ⚠️ Commodity Price Exposure: High sensitivity to gold and copper market price fluctuations.
• ⚠️ Geopolitical & Regional Risks: Exposure to high-risk operating jurisdictions, notably Mali (mining code disputes) and Pakistan (Reko Diq project execution/review).
• ⚠️ Project Execution & Permitting: Capital expansion and execution risks at Lumwana Super Pit, Fourmile decline development, and Reko Diq.
• ⚠️ Joint Venture Governance: Strategic alignment risks with Newmont over Nevada Gold Mines management and asset spin-off structures.