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Barrick Mining
(TSX: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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.92B | 11.40B | 11.01B | 11.98B | 12.60B |
| Gross Profit | 4.96B | 3.46B | 3.52B | 4.90B | 5.18B |
| EBITDA | 7.01B | 5.16B | 3.70B | 6.65B | 7.73B |
| Net Income | 2.14B | 1.27B | 432.00M | 3.29B | 3.61B |
Balance Sheet | |||||
| Total Assets | 47.63B | 45.81B | 45.97B | 46.89B | 46.51B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 4.15B | 4.44B | 5.28B | 5.19B |
| Total Debt | 5.26B | 5.22B | 5.25B | 5.47B | 5.36B |
| Total Liabilities | 14.37B | 13.81B | 14.68B | 14.58B | 14.80B |
| Stockholders Equity | 24.29B | 23.34B | 22.77B | 23.86B | 23.34B |
Cash Flow | |||||
| Free Cash Flow | 1.32B | 646.00M | 432.00M | 1.94B | 3.36B |
| Operating Cash Flow | 4.49B | 3.73B | 3.48B | 4.38B | 5.42B |
| Investing Cash Flow | -2.76B | -2.82B | -1.71B | -1.90B | -1.29B |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $81.70B | 24.54 | 11.45% | 1.41% | 32.68% | 419.46% | |
78 Outperform | $48.88B | 15.32 | 9.70% | 3.17% | 19.13% | 66.78% | |
77 Outperform | $25.78B | 15.31 | 18.12% | 0.99% | 30.84% | 188.80% | |
75 Outperform | $55.03B | 63.50 | 8.51% | 0.89% | 37.40% | 8.55% | |
74 Outperform | $40.83B | 47.25 | 10.19% | 0.98% | -7.22% | ― | |
73 Outperform | $14.36B | 39.67 | 7.85% | 0.40% | 37.83% | 24.13% | |
63 Neutral | $10.28B | 9.98 | 0.11% | 3.21% | 2.26% | -33.42% |
Barrick Mining Corporate Events
Barrick Mining Corporation announced that it will release its second quarter 2025 results on August 11, 2025, before the market opens. The release will be followed by a webcast hosted by President and CEO Mark Bristow, which will include a presentation and a Q&A session with analysts. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation is advancing the $2 billion Super Pit Expansion Project at its Lumwana mine in Zambia, aiming to transform it into a Tier One copper mine. This expansion is expected to double copper production and significantly contribute to Zambia’s economy through local procurement and employment. The project aligns with Zambia’s Mining and Minerals 2031 policy, fostering regional development and environmental sustainability through initiatives like a REDD+ forest conservation program. Barrick’s efforts at Lumwana underscore its commitment to sustainable mining and strengthening partnerships with local communities and the Zambian government.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$33.50 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
The Twiga partnership between Barrick Mining Corporation and the Tanzanian government has marked its fifth anniversary, showcasing significant contributions to the country’s economy and infrastructure. Barrick has invested $4.79 billion in Tanzania since 2019, with a strong focus on local procurement and workforce development. The partnership has led to advancements in mining operations, education, and community relations, positioning Barrick as a key economic contributor and a model for sustainable mining practices.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation has announced promising drilling results from the ARK-KCD corridor at its Kibali mine, indicating potential for significant reserve growth and extended mine life. The Kibali mine is a major economic contributor to the DRC, with over $6.3 billion invested locally. Barrick emphasizes sustainable practices, with 85% renewable energy use and biodiversity initiatives, including the introduction of white rhinos into Garamba National Park. The company continues to focus on local partnerships and capacity building, reinforcing its commitment to long-term sustainable growth in the region.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation is currently involved in an arbitration process with the State of Mali, following a court ruling that placed its Loulo-Gounkoto complex under provisional administration. This move by the Malian government, which included blocking gold exports and seizing stocks, has led to operational disruptions and employee detentions, which Barrick views as unjustified. Despite these challenges, Barrick remains committed to resolving the dispute through dialogue and arbitration, emphasizing the need for mutual respect and legal certainty to maintain Mali’s credibility as an investment destination.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation has finalized the sale of its 50% stake in the Donlin Gold Project in Alaska to Paulson Advisers LLC and NOVAGOLD Resources Inc. for $1 billion in cash. This divestiture is a strategic move that could impact Barrick’s operational focus and financial positioning, potentially allowing the company to reallocate resources to other projects or investments, thereby influencing its market strategy and stakeholder interests.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation is currently opposing the Malian government’s attempt to take over the day-to-day operations of the Loulo-Gounkoto mining complex. The government has requested a court-appointed provisional administration, which Barrick argues is unjustified and contrary to Malian law and existing agreements. Despite the suspension of operations and the detention of employees, Barrick continues to support its workforce and seeks a fair resolution through international arbitration. The company’s actions highlight its commitment to protecting its investments and ensuring the long-term viability of its operations in Mali.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation has released its 2024 Sustainability Report, ‘Beyond the Horizon,’ highlighting its commitment to the United Nations’ Sustainable Development Goals. The report details Barrick’s efforts in economic growth, social progress, and environmental protection, including over $100 billion distributed in economic value and $200 million invested in community-led projects since its 2019 merger. The company is also recalibrating its greenhouse gas emissions profile to align with its expanding production base and renewable energy initiatives, aiming for a Net Zero target by 2050. Barrick’s new site-level Sustainable Development Goal performance framework underscores its dedication to transparent, community-focused progress, with significant investments in local economies and infrastructure.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Barrick Mining Corporation has changed its ticker symbol on the New York Stock Exchange to ‘B’, highlighting its status as a major player in the gold and copper mining industry. This move aligns with Barrick’s strategy to strengthen its position in the market by focusing on sustainable growth in gold and copper production, which is expected to benefit from rising global demand for electrification and infrastructure.
Barrick Mining Corporation announced a dividend of $0.10 per share for Q1 2025, in line with its Performance Dividend Policy. Additionally, the company repurchased approximately 7.69 million shares, reflecting its strong operational performance and financial health. This move underscores Barrick’s commitment to delivering substantial returns to shareholders while maintaining a robust balance sheet to support future growth initiatives.
Barrick Mining Corporation reported a strong start to 2025 with significant progress on strategic growth objectives. The company saw a 59% increase in net earnings per share and an 84% rise in adjusted net earnings per share compared to the previous year. Operating cash flow increased by 59% to $1.2 billion, and free cash flow improved materially, enabling a 5% reduction in net debt. Barrick maintained its full-year guidance for gold and copper production, with costs per ounce expected to trend lower. Key growth projects, including Reko Diq and Lumwana, are advancing, and the company is focused on expanding its gold-equivalent ounces by 30% by the end of the decade. Barrick also demonstrated its commitment to sustainability and shareholder returns through share buybacks and dividends.
Barrick Mining Corporation announced a name change from Barrick Gold to Barrick Mining Corporation, effective May 9, 2025, following shareholder approval. The company’s shares will trade under the new ticker symbol ‘B’ on the New York Stock Exchange, while retaining ‘ABX’ on the Toronto Stock Exchange. Additionally, the election of directors was confirmed, with all nominees successfully elected, signaling stability and continuity in leadership.
Barrick Gold Corporation announced its intention to change its name to Barrick Mining Corporation, subject to shareholder approval, to better reflect its focus on both gold and copper mining. The company plans to change its ticker symbol on the NYSE to ‘B’ while maintaining ‘ABX’ on the TSX, aligning with its strategy to grow sustainably and profitably in the gold and copper sectors.
Barrick Gold Corporation has announced the sale of its 50 percent stake in the Donlin Gold Project in Alaska to Paulson Advisers LLC and NOVAGOLD Resources Inc. for $1 billion in cash. This strategic move allows Barrick to optimize its asset portfolio by focusing on its core operations and growth projects, while NOVAGOLD and Paulson will develop the Donlin Gold Project. The transaction is expected to strengthen Barrick’s balance sheet and support shareholder returns, pending customary closing conditions and regulatory approvals.
Barrick Gold Corporation has announced the sale of its 50% stake in the Donlin Gold Project in Alaska to Paulson Advisers LLC and NOVAGOLD Resources Inc. for $1 billion in cash. The transaction allows Barrick to optimize its asset portfolio by exiting the project at an attractive valuation, while NOVAGOLD and Paulson will continue its development. The proceeds from the sale will be used to strengthen Barrick’s balance sheet and support its strategic focus on sustainable growth projects. The transaction is expected to close by mid-2025, pending regulatory approvals.