Barrick Mining Corporation (CH:ABX)
NYSE:ABX
Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational delivery and a step-change in financial performance (production above guidance, double-digit EBITDA growth, materially higher free cash flow, $2.4B net cash, $3B buyback and a regular dividend) and outlined clear progress on key growth projects (Lumwana, Fourmile) and the North America IPO timeline. These positives were offset by important risks and challenges: safety has improved but is still short of targets, Reko Diq faces contractor and security-driven uncertainty with material holding costs (~$20M/month), throughput/recovery work remains at Pueblo Viejo, and there are contractor/country risks in parts of Africa. On balance the highlights and durable financial/operational improvements materially outweigh the cited issues, though management continues to monitor and address the lowlights.Company Guidance
Gold Production Above Guidance
Barrick produced 719,000 oz of gold in Q1 2026, above guidance and up 4% year-over-year, driven by a 10% YoY increase in North America and strong performance at Veladero and Loulo-Gounkoto.
Strong Financial Performance and Margin Expansion
Attributable EBITDA roughly doubled year-over-year (reported +103% by management) and adjusted net earnings rose 173% YoY. Management highlighted substantial margin expansion supported by higher realized gold prices (management cited a ~66% increase in realized gold price).
Robust Cash Generation and Improved Balance Sheet
Free cash flow metrics improved materially: management cited free cash flow increases of up to +320% to $1.6B (company total) and attributable free cash flow up 195% YoY to $1.2B. Net cash at quarter-end was $2.4B with an undrawn $3B revolver and no material debt maturities until 2033.
Shareholder Returns Strengthened
Board approved a quarterly base dividend of $0.175 per share and a $3.0B share buyback authorization. Management reiterated a year-end top-up dividend policy (targeting 50% of attributable free cash flow as a top-up) independent of the buyback.
Operational Momentum at Key Assets
Nevada Gold Mines showed improved productivity (record underground tonnages expected for the year); Carlin roasters and Sage autoclave achieved multi-year throughput highs. Loulo-Gounkoto ramp-up progressed ahead of plan and made an earlier-than-expected contribution to attributable EBITDA.
Copper Growth Projects on Track
Copper production for the quarter was 49,000 t (in line with plan) with copper production up ~11% YoY. Lumwana expansion remains on track for original ~$2B budget and lower-end 2026 capital guidance; expansion will increase throughput from 27M to 52M tpa and copper production from ~117k to ~240k tpa (+100%). First copper from expansion expected by Q1 2028.
Progress on Strategic Growth and IPO Plan
Fourmile continued to advance (PFS targeted by 2028) and is being de-risked; management remains on track to complete the proposed IPO of North American gold assets by year-end 2026, with filings/market access planned late summer/fall.
CH:ABX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:ABX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | CHF21.00 | CHF21.00 | 0.00% |
Feb 05, 2026 | CHF21.00 | CHF21.00 | 0.00% |
Nov 10, 2025 | CHF21.00 | CHF21.00 | 0.00% |
Aug 11, 2025 | CHF21.00 | CHF21.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Barrick Mining Corporation (CH:ABX) report earnings?
Barrick Mining Corporation (CH:ABX) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Barrick Mining Corporation (CH:ABX) earnings time?
Barrick Mining Corporation (CH:ABX) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Barrick Mining Corporation stock?
The P/E ratio of Barrick Mining is N/A.
What is CH:ABX EPS forecast?
CH:ABX EPS forecast for the fiscal quarter 2026 (Q2) is 0.68.