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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 | ||||
| 13.30B | 12.92B | 11.40B | 11.01B | 11.98B | 12.60B | Gross Profit |
| 5.37B | 4.96B | 3.46B | 3.52B | 4.90B | 5.18B | EBIT |
| 4.85B | 4.31B | 2.47B | 3.36B | 4.82B | 4.90B | EBITDA |
| 7.30B | 7.01B | 5.16B | 3.70B | 6.65B | 7.73B | Net Income Common Stockholders |
| 2.32B | 2.14B | 1.27B | 432.00M | 3.29B | 3.61B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.10B | 4.07B | 4.15B | 4.44B | 5.28B | 5.19B | Total Assets |
| 48.14B | 47.63B | 45.81B | 45.97B | 46.89B | 46.51B | Total Debt |
| 4.73B | 5.26B | 5.22B | 5.25B | 5.47B | 5.36B | Net Debt |
| 623.00M | 1.18B | 1.07B | 810.00M | 193.00M | 176.00M | Total Liabilities |
| 14.58B | 14.37B | 13.81B | 14.68B | 14.58B | 14.80B | Stockholders Equity |
| 24.45B | 24.29B | 23.34B | 22.77B | 23.86B | 23.34B |
| Cash Flow | Free Cash Flow | ||||
| 1.70B | 1.32B | 646.00M | 432.00M | 1.94B | 3.36B | Operating Cash Flow |
| 4.98B | 4.49B | 3.73B | 3.48B | 4.38B | 5.42B | Investing Cash Flow |
| -2.83B | -2.76B | -2.82B | -1.71B | -1.90B | -1.29B | Financing Cash Flow |
| -1.98B | -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 | $86.10B | 25.86 | 11.45% | 1.30% | 32.68% | 419.46% | |
77 Outperform | C$47.41B | 14.86 | 9.70% | 1.99% | 19.13% | 66.78% | |
77 Outperform | $26.41B | 15.69 | 18.12% | 0.78% | 30.84% | 188.80% | |
75 Outperform | $57.11B | 65.92 | 8.51% | 0.69% | 37.40% | 8.55% | |
74 Outperform | C$46.63B | 53.96 | 10.19% | 0.83% | -7.22% | ― | |
74 Outperform | $15.76B | 43.56 | 7.85% | 0.37% | 37.83% | 24.13% | |
51 Neutral | $2.01B | -1.11 | -21.16% | 3.67% | 2.69% | -30.65% |
Barrick Mining Corporate Events
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.
Barrick Gold Corporation is facing escalating tensions with the Government of Mali, despite efforts to finalize an agreement initially accepted by the Ministry of Finance. The situation has worsened with the detention of Barrick employees, suspension of gold shipments, and threats to place the Loulo-Gounkoto mine under provisional administration. Barrick emphasizes the potential economic benefits for Mali if the agreement is executed, including unlocking substantial revenue and resolving unfounded criminal charges. The company remains committed to finding a constructive solution but is prepared to pursue international arbitration if necessary.
Barrick Gold Corporation has announced that it will release its first quarter 2025 financial results on May 7, 2025. The results will be presented by President and CEO Mark Bristow during a live presentation and interactive webinar, which will allow participants to ask questions. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor confidence.
Barrick Gold Corporation has received shareholder approval for the updated Feasibility Study and Phase 1 development capital for the Reko Diq project in Balochistan, Pakistan, contingent on securing up to $3 billion in project financing. The company has appointed Fluor Corporation as the lead Engineering, Procurement, and Construction Management partner, with the aim of commencing major works in 2025 and achieving first production by the end of 2028. This development marks a significant milestone for Barrick, reflecting strong governmental support and reinforcing its commitment to responsible and efficient project execution, with a focus on community development and maximizing local content.
Barrick Gold Corporation has reported significant progress in its key growth projects, including the Lumwana Super Pit Expansion in Zambia and the Reko Diq project in Pakistan, both of which have confirmed their Tier One potential. The company successfully replaced all the gold and copper it mined, ensuring a strong reserve base for future growth. Barrick’s financial strength allows it to invest in these projects without issuing new shares or incurring debt, while its sustainability efforts and local partnerships remain central to its operations. The company also continues to diversify its Board, with a focus on enhancing diversity.