$B

Barrick Mining (TSX:ABX) reported Q2 2026 sales of $5.29B and net income of $1.22B, with a $0.175/share dividend. The company resolved disputes with Newmont, receiving $1.95B in consideration, and appointed a new CEO for non-North American operations. Analysts discuss the impact on Barrick's investment narrative and future risk profile.

Gold miners extended their rally despite a rebound in US Treasury yields and a slight dip in gold prices. The VanEck Gold Miners ETF (GDX) rose 2.3%, with Agnico Eagle Mines (AEM), Newmont (NEM), and Barrick Mining (B) also gaining. Investors see gold and miners as hedges against fiscal concerns and elevated yields.

Barrick Mining (NYSE: B) shares are down 2% YTD despite strong Q2 earnings. The company's dividend yield is 2.16%, trading at 11.5x forward earnings. Gold prices are rising, and a settlement with Newmont (NYSE: NEM) provides Barrick with $1.95B in cash. Barrick reported $1.7B in free cash flow, up 28% YoY, and plans an IPO for its North American gold assets.

U.S. Treasury announced it would at least double liquidity support buyback operations for 10- to 30-year securities. Gold prices rose 4% to $4,518.90, while gold miners like Agnico Eagle Mines (AEM) and Barrick Mining (B) saw even larger gains. The dollar index fell 0.78%, and 10-year Treasury yield dropped 6 basis points to 4.65%.

Gold and silver prices surged, with gold at $4,484/oz (+3.46%) and silver at $65.44/oz (+3.33%), after the US Treasury announced it would at least double long-dated debt purchases, lowering yields and weakening the dollar. Gold miners also rose, with GDX ETF up 8.8%, Agnico Eagle Mines (AEM) up 8.85%, and Barrick Mining (B) up 7.66%. The move aims to ease pressure on long-term yields, which have been rising. The Treasury's action follows record interest payments and weak recent bond auctions.

Barrick Mining Corp said it settled a Nevada Gold Mines dispute with Newmont Corp on Aug. 10. Newmont will pay Barrick $1.95 billion in cash within 30 days and transfer Mike and Fiberline deposits, while Barrick contributes Fourmile. Barrick reported Q2 2026 revenue of $5.292B and net income of $1.217B, and reiterated a North American gold IPO by end-2026.

Barrick Mining (NYSE: B) shares fell about 6.4% after Q2 results. Adjusted EPS was $0.82, in line with forecasts, and revenue rose to $5.29 billion versus $5.192 billion expected. Gold output was 796,000 ounces, above guidance. Operating cash flow rose to $1.70 billion, but gold cost of sales increased to $1,993/oz. Barrick agreed with Newmont to expand Nevada Gold Mines, with $1.95 billion cash to Barrick.

Barrick Gold (NYSE: B) reported Q1 output of 719,000 ounces of gold, above guidance of 640,000 to 680,000, and copper up 11% to 49,000 tonnes. The company says its Mali dispute has improved, and it plans an IPO/spinoff of North American operations by 2026. Q1 EPS was $0.96, revenue $5.22B, and EBITDA $2.76B. Barrick also approved up to $3B more buybacks.

Barrick Mining Corp (NYSE:B) shares fell over 6% after it cleared a key hurdle for a planned North American IPO. Newmont (NYSE:NEM) consented to resolve Nevada Gold Mines disputes, including a $1.95 billion top-up to Barrick within 30 days. Despite higher realized gold prices, costs rose and attributable free cash flow fell to $141 million.

Simply Wall St says Barrick Mining will receive US$1.95 billion from Newmont as part of an expanded Nevada Gold Mines settlement. The agreement brings Barrick’s Fourmile and Newmont’s Fiberline and Mike projects into the joint venture, with updated governance and resolution of outstanding disputes. Investors are to watch Barrick’s planned IPO of North American gold assets.