BARRICK MINING CORP

Barrick Mining Corp reported strong second-quarter 2026 results, highlighted by a significant agreement with Newmont to expand the Nevada Gold Mines Joint Venture and Newmont's consent to Barrick's American IPO of its North American gold assets. The agreement includes a $1.95 billion cash payment from Newmont and resolves all outstanding disputes. Operationally, Barrick exceeded gold production guidance with 796,000 ounces, while achieving a 28% year-on-year increase in operating cash flow to $1.70 billion and a 50% rise in net earnings to $1.22 billion. The company also declared a $0.175 quarterly dividend and executed $1.2 billion in share buybacks, while maintaining full-year production and cost guidance.

Barrick Mining Corporation announced the appointment of Sebastiaan Bock as Chief Executive Officer, Rest of World, effective immediately. Mr. Bock will oversee Barrick’s gold and copper operations and projects outside North America, reporting to President and CEO Mark Hill. The Rest of World portfolio, spanning Africa, the Middle East, Latin America, and Asia Pacific, currently produces over two million gold equivalent ounces annually and is projected to grow by more than 20% in the next three years. Barrick's Chairman, John Thornton, highlighted the strategic advantage of working with Chinese partners in this portfolio, which Mr. Bock is expected to leverage.

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.

Barrick Mining Corporation announced key appointments to establish an integrated corporate affairs function. Sarah Ball Teslik was named Chief Corporate Affairs Officer, Daniel Wilner as Senior Vice President, Corporate Affairs and Capital Markets, and Emily Chieng as Vice President, Investor Relations. These roles aim to enhance communication with shareholders, employees, and host communities across Barrick's global operations. Emily Chieng will participate in the company's second quarter 2026 results presentation.

Barrick Mining Corporation announced it will invest approximately C$20.9 million in Kingfisher Metals Corp. through a non-brokered private placement. This investment will give Barrick an initial 9.9% ownership stake, potentially increasing to 14.1% upon warrant exercise. The agreement includes an investor rights agreement providing Barrick with anti-dilution and information rights for Kingfisher's Highway 37 Project, along with technical support for drilling seasons.

Barrick Mining Corporation announced it will release its second quarter 2026 financial results before markets open on Monday, August 10, 2026, at 6:00 AM ET. The company's management team will host a live webcast and presentation at 11:00 AM ET on the same day, which will include a question-and-answer session for analysts. Presentation materials will be made available on Barrick's website before the event.

Barrick Mining Corporation published its 2025 Sustainability Report, highlighting strong safety performance with a 60% reduction in total recordable injury frequency rate since 2020 and a 28% year-on-year reduction in lost time injuries. The company also demonstrated significant local economic contribution, spending over $7.1 billion with host country suppliers and investing $62 million in community initiatives. Barrick continued to strengthen its approach to human rights, water stewardship, biodiversity, and climate resilience, maintaining an 'A' rating on its Sustainability Scorecard.

Barrick Mining Corporation's Board of Directors has authorized a share repurchase program of up to $3.0 billion of its outstanding common shares. This decision follows strong execution and free cash flow, reflecting the company's view of exceptional value in its shares, especially ahead of the planned IPO of North American Barrick. Repurchases will be made at prevailing market prices through various methods, including open market purchases, but the company is not obligated to acquire shares.

Barrick Mining Corporation announced the declaration of a $0.175 per share dividend for its first quarter 2026 performance. This dividend is scheduled for payment on June 15, 2026, to shareholders of record as of May 29, 2026. The company's dividend policy aims for an annual payout of 50% of attributable free cash flow, comprising a fixed base quarterly dividend of $0.175 per share and a performance top-up component at year-end.

Barrick Mining Corporation announced plans for an initial public offering (IPO) of a minority stake in North American Barrick, a new company holding its North American gold assets. A dedicated and experienced management team has been appointed for North American Barrick, which will include Barrick's interests in Nevada Gold Mines, Pueblo Viejo, and the Fourmile project. These assets produced approximately 2.0Moz of attributable gold in 2025, with Barrick maintaining a significant controlling interest. The IPO is targeted for completion by the end of 2026, with primary listing in New York and secondary in Toronto, aiming to accelerate momentum and highlight the attractiveness of these assets.