Barrick Mining (B) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.81

Last Year’s EPS

0.35

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 17 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a broadly positive message: management reported multiple record financial metrics (revenues, cash flow, free cash flow, EBITDA growth, net cash), strong shareholder returns (buybacks and materially increased dividends), operational momentum in key regions (North America, copper), and progress on growth assets (Fourmile, Kibali). Material challenges were also acknowledged—most notably safety incidents, PV metallurgical/recovery shortfalls, a 13% decline in gold sales volume in 2025, talent shortages in Nevada, and some near‑term cost pressures and financing reviews. On balance, the positive financial performance, balance sheet strength, and concrete plans (including an announced North America IPO process and updated capital allocation policy) outweigh the operational and safety issues raised, though those issues require active management going forward.

Company Guidance

Management guided 2026 gold production of 2.9–3.25 million ounces (2025: 3.26M; like‑for‑like ~3.0M excluding Tongon and Hemlo) with a ~45%/55% H1/H2 split as ramp‑ups at Lulu/Kuncutta, Goldrush and PV offset marginally lower output at Carlin/Turquoise Ridge, and copper production of 192,000–220,000 tonnes (2025: 220k) with Q1 the weakest and Q2–Q3 the strongest quarters; they left detailed cost/CapEx guidance unspecified (management suggested costs broadly flat). 2025 year‑end balance‑sheet and resource metrics underpin the outlook: $7.7 billion operating cash flow and $3.9 billion free cash flow (up 194% YoY), $2 billion net cash, $1.5 billion of buybacks (3% reduction in share count), attributable P&P gold reserves of 85 million ounces and M&I resources of 150 million ounces (plus ~43 million inferred), and attributable P&P copper reserves of 18 million tonnes and M&I resources of 24 million tonnes (plus ~4 million inferred), using 2025 price assumptions of $1,500/oz (reserves) and $2,000/oz (resources) for gold and $3.25/lb (reserves) and $4.54/lb (resources) for copper. The board introduced a new capital return framework targeting a 50% payout of attributable free cash flow, raised the base dividend to 17.5¢/quarter (Q4 special dividend $0.42/share), will not renew the buyback program, and is preparing an IPO of North American assets aimed at late‑2026 with an initial float in the order of 10–15%.

Record Financial Performance

Quarterly and annual records: revenues up 45% QoQ, realized gold price up 21% QoQ, record quarterly cash flow, free cash flow, adjusted EPS and cash balance. Annual cash flow from operations of $7.7 billion and free cash flow of $3.9 billion (free cash flow up 194% YoY). Net cash position of $2.0 billion.

Strong EBITDA and Margins

EBITDA and margins materially improved: management cited an 82% increase in EBITDA versus last year and attributable EBITDA rose 53% versus the prior quarter, driven by higher production and stronger gold prices.

Shareholder Returns and Capital Allocation

Returned significant cash to shareholders: $1.5 billion of share repurchases in 2025 (share count reduced ~3%). Board increased base dividend by 40% to 17.5¢ per quarter and authorized a Q4 dividend of $0.42 per share (noted as 140% increase vs Q3). New policy targets paying 50% of attributable free cash flow to shareholders; board chose to prioritize dividends over renewing the annual buyback program.

Operational Delivery and Guidance Confidence

Delivered on 2025 operating plan and met full-year gold production guidance of 3,260,000 ounces (management notes like-for-like ~3.0M oz after divestitures). 2026 gold guidance set at 2.9–3.25M oz with production skewed 45% H1 / 55% H2, and copper guidance of 192,000–220,000 tonnes.

North America Turnaround Momentum

North America strong: quarter-on-quarter gold production +11% (Carlin +25% QoQ). Carlin roaster throughput hit five‑year high and underground mines reported best January in years following operational review and leadership changes, restoring operator ownership and mine-plan confidence.

Growth and Project Progress

Fourmile (100% owned Nevada asset) doubled resource at a higher grade and de-risked materially in 2025. Super pit expansion and mill building progressing ahead of schedule; PV life-of-mine extended to 2048 despite recovery issues. Kibali ARC discovery added 3.5M oz to resources with 1M oz converted to reserves.

Resolved Mali Dispute and Asset Recovery

Achieved resolution of the Mali dispute, secured release of detained employees and resumed control of the asset; restarted underground mines and ramping open pit with guidance of ~260–290k attributable ounces for the asset in the year.

Record Copper Performance

Copper production momentum: Delamana finished the year with record annual production and production up 11% over Q3; 2025 annual copper production 220,000 tonnes.

Balance Sheet and Capital Discipline

Attributable CapEx ended 2025 below the low end of guidance after schedule refinements. Management emphasized strong balance sheet, significant excess cash generation, and disciplined capital allocation.

Barrick Mining (B) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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B Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2026	2026 (Q1)	0.81 / -	0.353	―	―	―
Feb 05, 2026	2025 (Q4)	0.90 / 1.04	0.482	116.26% (+0.56)
Nov 10, 2025	2025 (Q3)	0.61 / 0.60	0.304	95.67% (+0.29)
Aug 11, 2025	2025 (Q2)	0.46 / 0.47	0.322	47.27% (+0.15)
May 07, 2025	2025 (Q1)	0.29 / 0.35	0.192	83.97% (+0.16)
Feb 12, 2025	2024 (Q4)	0.44 / 0.48	0.268	79.78% (+0.21)
Nov 07, 2024	2024 (Q3)	0.32 / 0.30	0.242	25.68% (+0.06)
Aug 12, 2024	2024 (Q2)	0.27 / 0.32	0.187	71.88% (+0.13)
May 01, 2024	2024 (Q1)	0.16 / 0.19	0.14	37.17% (+0.05)
Feb 14, 2024	2023 (Q4)	0.20 / 0.27	0.127	110.34% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

B Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2026	$47.36	$43.97	-7.16%
Nov 10, 2025	$32.95	$34.65	+5.16%
Aug 11, 2025	$23.20	$22.61	-2.54%
May 07, 2025	$18.94	$19.10	+0.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Barrick Mining (B) report earnings?

Barrick Mining (B) is schdueled to report earning on May 06, 2026, After Close (Confirmed).

What is Barrick Mining (B) earnings time?

Barrick Mining (B) earnings time is at May 06, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is B EPS forecast?

B EPS forecast for the fiscal quarter 2026 (Q1) is 0.81.