Barrick Q2 Net Earnings $1.22B (+50%); Newmont Deal & IPO Consent
Barrick Mining Corporation reported strong second-quarter 2026 operational and financial results, with net earnings increasing 50% year-on-year to $1.22 billion and adjusted net earnings per share up 74% to $0.82. Gold production exceeded guidance at 796,000 ounces. The company also announced a significant agreement with Newmont, resolving all disputes, expanding the Nevada Gold Mines Joint Venture, and securing Newmont's consent for Barrick's North American IPO, which remains on track for year-end completion. As part of the agreement, Newmont will pay Barrick $1.95 billion cash. Barrick also declared a $0.175 quarterly dividend and repurchased $1.2 billion in shares, while reducing full-year capital expenditure guidance.
Key Highlights
- Agreement with Newmont includes $1.95 billion cash payment to Barrick and consent for North American IPO.
- Q2 Net Earnings increased 50% year-on-year to $1.22 billion.
- Q2 Adjusted Net Earnings per share rose 74% year-on-year to $0.82.
- Q2 Operating Cash Flow was $1.70 billion, up 28% year-on-year.
- Q2 Gold production increased 11% over Q1 to 796,000 ounces, exceeding guidance.
- A quarterly dividend of $0.175 per share was declared.
- The company repurchased $1.2 billion in shares during the quarter.
- Full-year attributable capital expenditure reduced to $3.8 billion–$4.2 billion.
Price Impact
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