Barrick Mining beats on Q3 profit, reaffirms 2026 output

Barrick Mining Corporation reported a third-quarter adjusted earnings per share of $0.82, surpassing the analyst consensus of $0.79. However, revenue fell short of expectations at $5.07 billion compared to the $5.13 billion estimate. The company produced 816,000 ounces of gold, marking a 3% increase from the second quarter and a 2% decrease year-over-year.

Revenue rose by 22% year-over-year, driven by higher realized gold prices. Barrick reaffirmed its full-year 2026 gold production guidance of 2.90-3.25 million ounces, with a midpoint of 3.08 million ounces. The company also maintained its copper production guidance of 190,000-220,000 tonnes for 2026.

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