Barrick Mining Corporation ABX
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Full analysis: 5 Aug 2026
Latest news check: 11 Aug 2026
General analysis — not personal advice.
BUY
7/10
Confidence
A full position may be justified at current valuation given the cash flow.
Strong production, the massive cash injection from Newmont and the upcoming IPO reinforce the operational and financial position.
Market sentiment
8/10
↑
Trend: Improving
The market reacts positively to the strong production and the large liquidity injection from the Newmont deal.
Price context
The stock trades at 60.96 CAD after a 13.4 CAD weekly gain but sits 15.2 % below its 52-week high. The price already reflects much of the strong commodity backdrop while the JV agreement and IPO plans provide additional fundamental support.
Risk assessment
7/10
Dilution:
Low
Strong net cash and active buyback program
Jurisdiction:
High
Major assets in Mali, Congo and Pakistan
Execution:
Medium
History of delays on large projects
Recent changes
- Report published 10 August shows production beat and major Newmont JV that unlocks liquidity and paves way for IPO.
About the company
Barrick Mining Corporation is one of the world's largest gold producers with significant copper operations. The company operates a diversified portfolio of Tier 1 mines globally, including Nevada Gold Mines, Pueblo Viejo and Loulo-Gounkoto. Operations cover exploration, development and production of gold and copper.
Sector:
Gold and copper
Type:
Producer
Next report
5 Nov 2026
Q3
Catalysts
Q4 2026
IPO of North American assets
High
Horizon:
Bull case
The Newmont JV unlocks significant hidden value in Nevada and bolsters cash ahead of the planned IPO.
Bear case
High jurisdiction risk in Mali, Congo and Pakistan remains a potential valuation constraint.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| Gold price | Gold price declines → cash flow generation weakens and the buyback program may need scaling back. | Gold price rises → higher margins and increased capacity for dividends and buybacks. |
| Mali dispute | Dispute escalates → production disruptions and lower revenue from Loulo-Gounkoto. | Dispute resolves → full production resumes and uncertainty discount narrows. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Strong production, the massive cash injection from Newmont and the upcoming IPO reinforce the operational and financial position.
Recent news
- Barrick reported Q2 2026 results on 10 August with gold production of 796,000 oz beating guidance. A historic $4 billion JV agreement was signed with Newmont on Nevada Gold Mines, delivering Barrick $1.95 billion in cash within 30 days and clearing the path for an IPO of North American assets.
Key figures
Revenue
Q1 2026
USD 5.2B
EBITDA
Q2 2026
USD 2.6B
Net income
Q2 2026
USD 1.2B
Cash
Q1 2026
USD 7,136M
Total debt
Q1 2026
USD 4,728M
Shares outstanding
2026-02-23
1,675M
EPS
Q2 2026
USD 0.73
Price & valuation
Last close
CAD 55.81
Market Cap
CAD 93.5B
1 week
-3.2 %
3 months
-9.3 %
12 months
+72.3 %
From 52w high
-22.3 %
From 52w low
+77.4 %
Exchange
TSX
Type
Producer
Sector
Gold and copper
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.