Barrick Mining increases share buyback program by $500M

Barrick Mining (B) announced that its board of directors has approved an increase to the existing share repurchase program in the amount of $500M. In February, Barrick’s board of directors authorized a program for the repurchase of up to $1B of the company’s outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. The company has successfully repurchased $1B of shares as of September 30, under that original authorization and the board has now approved a $500M increase to allow for the potential of further repurchases over the remaining term of the existing program. The board will consider the size and scope of any 2026 program when it meets in February 2026.