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Barrick Mining
(NYSE:ABX)
Barrick Mining (ABX) vs. iShares MSCI Canada ETF (EWC)
Barrick Mining Business Overview & Revenue Model
Barrick Mining Earnings Call Summary
Barrick Mining Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.60B | 12.92B | 11.40B | 11.01B | 11.98B | 12.60B |
| Gross Profit | 7.06B | 4.96B | 3.46B | 3.52B | 4.90B | 5.18B |
| EBITDA | 8.88B | 7.01B | 5.54B | 3.70B | 6.65B | 7.73B |
| Net Income | 3.58B | 2.14B | 1.27B | 432.00M | 2.02B | 2.32B |
Balance Sheet | ||||||
| Total Assets | 48.36B | 47.63B | 45.81B | 45.97B | 46.89B | 46.51B |
| Cash, Cash Equivalents and Short-Term Investments | 5.04B | 4.07B | 4.15B | 4.44B | 5.28B | 5.19B |
| Total Debt | 4.71B | 5.26B | 5.22B | 5.25B | 5.47B | 5.36B |
| Total Liabilities | 14.44B | 14.37B | 13.81B | 14.68B | 14.58B | 14.80B |
| Stockholders Equity | 25.15B | 24.29B | 23.34B | 22.77B | 23.86B | 23.34B |
Cash Flow | ||||||
| Free Cash Flow | 2.75B | 1.32B | 646.00M | 432.00M | 1.94B | 3.36B |
| Operating Cash Flow | 6.36B | 4.49B | 3.73B | 3.48B | 4.38B | 5.42B |
| Investing Cash Flow | -2.29B | -2.76B | -2.82B | -1.71B | -1.90B | -1.29B |
| Financing Cash Flow | -3.22B | -1.79B | -1.21B | -2.60B | -2.39B | -2.25B |
Barrick Mining Technical Analysis
Barrick Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $47.58B | 19.66 | 24.09% | 0.45% | 36.41% | 144.79% | |
80 Outperform | C$103.98B | 21.26 | 14.63% | 1.19% | 21.76% | 129.56% | |
80 Outperform | C$121.24B | 25.20 | 15.67% | 0.93% | 38.72% | 250.70% | |
79 Outperform | $74.86B | 53.53 | 13.05% | 0.56% | 54.48% | 68.44% | |
78 Outperform | $27.44B | 28.54 | 55.69% | 2.61% | 57.32% | 126.96% | |
74 Outperform | $56.34B | 43.84 | 14.17% | 0.73% | 44.76% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Barrick Mining Corporate Events
Barrick Mining Corporation has completed the sale of its interests in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to $305 million. This transaction includes an immediate cash payment of $192 million and contingent payments up to $113 million, dependent on future gold prices and resource conversions. This divestiture aligns with Barrick’s strategic focus on optimizing its portfolio and could impact its operational dynamics and market positioning.
Barrick Mining Corporation announced its consideration of an initial public offering (IPO) for a subsidiary holding its premier North American gold assets, named ‘NewCo.’ This move aims to highlight the value of these assets by creating a focused publicly traded entity, while Barrick retains a significant controlling interest. The IPO would include Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as the wholly owned Fourmile gold discovery in Nevada. This strategic initiative is part of Barrick’s ongoing efforts to maximize shareholder value, particularly in North America, and could provide new and existing shareholders with more options in a pure gold company with growth potential.
Barrick Mining Corporation announced a change in its board leadership, with Ben van Beurden stepping down as Director and Lead Independent Director, and Loreto Silva taking over the latter role. This change is part of Barrick’s ongoing commitment to delivering long-term value for shareholders, supported by its strong leadership team and industry-leading assets.
Barrick Mining Corporation has resolved its disputes with the Government of Mali concerning the Loulo and Gounkoto mines. This agreement includes the dropping of charges against Barrick and its employees, the release of detained employees, and the return of operational control over the Loulo-Gounkoto complex to Barrick. The settlement also involves the withdrawal of arbitration claims at the International Centre for Settlement of Investment Disputes, paving the way for improved relations and operational stability in the region.
Barrick Mining Corporation reported record financial results for the third quarter of 2025, with gold production increasing by 4% and copper production aligning with plans. The company achieved record operating and free cash flow, leading to a 25% increase in its base quarterly dividend. Despite operational challenges, Barrick remains committed to safety and improving performance, with a focus on its Tier One gold assets. The company also expanded its share buyback program and confirmed the significance of the Fourmile gold discovery.
Barrick Mining Corporation has announced a 25% increase in its quarterly base dividend to $0.125 per share, alongside a third-quarter dividend of $0.175 per share, which includes a performance dividend. The company also repurchased approximately 18.60 million shares in Q3 as part of its share buyback program, totaling 39.79 million shares repurchased this year. These actions reflect Barrick’s strategy to provide significant financial returns to shareholders while maintaining a strong balance sheet, supported by robust operating performance and cash flows.
Barrick Mining Corporation has announced an increase of $500 million to its existing share repurchase program, following the successful repurchase of $1.0 billion worth of shares earlier this year. This move reflects Barrick’s strong financial performance and cash flow generation, allowing for further repurchases. The company believes its shares may sometimes trade below their intrinsic value, and the repurchase program aims to capitalize on this. The decision underscores Barrick’s strategic focus on shareholder returns and financial flexibility, with potential implications for its market positioning and stakeholder value.
Barrick Mining Corporation has completed the sale of its Alturas Project in Chile to Boroo Pte. Ltd for $50 million, with an additional 0.5% net smelter return royalty on gold and silver production. This divestiture aligns with Barrick’s strategic focus on optimizing its portfolio and enhancing shareholder value through disciplined asset management.
Barrick Mining Corporation has announced that it will release its third quarter 2025 financial results on November 10, 2025, before the markets open. A webcast presentation and Q&A session with analysts will follow later in the day. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning in the mining industry.
Barrick Mining Corporation has agreed to sell its interests in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to $305 million. This transaction, expected to close in late 2025, will allow Barrick to strengthen its balance sheet and continue delivering returns to shareholders. The sale marks a transition to local ownership under Atlantic Group, a prominent Pan-African company, ensuring continued operational excellence and community benefits. The deal is subject to customary closing conditions, including government approval.
Barrick Mining Corporation has announced a leadership transition with Mark Hill appointed as the Group COO and Interim President & CEO, following the departure of Mark Bristow. Bristow, who led the company since its merger with Randgold in 2019, significantly strengthened Barrick’s portfolio and positioned it as a leading global producer of gold and copper. Under his leadership, Barrick returned $6.7 billion to shareholders and reduced net debt by $4 billion. The search for a permanent President and CEO is underway, with the company continuing to perform in line with its full-year expectations.
Barrick Mining Corporation has announced that its Fourmile project in Nevada is emerging as one of the most significant gold discoveries of the century. Recent studies and evaluations have confirmed the project’s potential to become a leading global gold producer, with high-grade, large-scale ore bodies that promise low-cost, long-life production. The project is expected to double its resource by the end of the year, with ongoing exploration revealing significant high-grade orebody extensions. The unique geometallurgy of Fourmile allows for more flexible and cost-effective processing, enhancing its value proposition. Barrick plans to expand its drilling operations to further evaluate and increase the project’s production potential.
Barrick Mining Corporation has announced the sale of its Hemlo Gold Mine in Canada to Carcetti Capital Corp., which will be renamed Hemlo Mining Corp., for up to $1.09 billion. The transaction includes cash, shares, and a tiered gold price-linked payment structure. The sale is part of Barrick’s strategy to focus on its Tier One gold and copper portfolio, and the proceeds will be used to strengthen its balance sheet and return capital to shareholders. The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions and approvals.