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Barrick Mining Corporation

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Barrick Mining Corporation • NYSE
$41.34 ▲ 1.31% (+0.54)
Market Cap $71.18 B
52w High $41.72
52w Low $15.11
Dividend Yield 0.53%
P/E 19.88
Volume 10.93M
Outstanding Shares 1.72B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.148B ▲ $173M ▲ $1.302B ▲ 31.389% ▲ $0.76 ▲ $2.94B ▲
Q2-2025 $3.681B ▲ $113M ▼ $811M ▲ 22.032% ▲ $0.47 ▲ $1.874B ▲
Q1-2025 $3.13B ▼ $115M ▼ $474M ▼ 15.144% ▼ $0.27 ▼ $1.587B ▼
Q4-2024 $3.645B ▲ $327M ▲ $996M ▲ 27.325% ▲ $0.57 ▲ $2.349B ▲
Q3-2024 $3.368B $209M $483M 14.341% $0.28 $1.659B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.037B ▲ $48.357B ▲ $14.441B ▲ $25.15B ▲
Q2-2025 $4.813B ▲ $47.392B ▼ $13.894B ▼ $24.884B ▲
Q1-2025 $4.104B ▲ $48.142B ▲ $14.578B ▲ $24.45B ▲
Q4-2024 $4.074B ▼ $47.626B ▲ $14.37B ▼ $24.29B ▲
Q3-2024 $4.225B $47.354B $14.457B $23.831B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.904B ▲ $2.422B ▲ $-861M ▼ $-1.295B ▼ $267M ▼ $1.479B ▲
Q2-2025 $824.363M ▲ $1.407B ▲ $92.78M ▲ $-781.961M ▼ $708.487M ▲ $455.91M ▲
Q1-2025 $474M ▼ $1.212B ▼ $-739M ▲ $-439M ▲ $34M ▲ $375M ▼
Q4-2024 $996M ▲ $1.392B ▲ $-778M ▼ $-762M ▼ $-151M ▼ $501M ▲
Q3-2024 $483M $1.18B $-603M $-387M $189M $444M

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Aerospace Aftermarket Products and Services
Aerospace Aftermarket Products and Services
 $80.00M ▲$90.00M ▲$90.00M ▲$90.00M ▲
Aerospace Original Equipment Manufacturing Products
Aerospace Original Equipment Manufacturing Products
 $140.00M ▲$130.00M ▼$130.00M ▲$140.00M ▲
Automation Products
Automation Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Force Motion Control Products
Force Motion Control Products
 $80.00M ▲$90.00M ▲$40.00M ▼$40.00M ▲
Molding Solutions Products
Molding Solutions Products
 $110.00M ▲$100.00M ▼$110.00M ▲$100.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Barrick’s revenue has been fairly steady over the past several years, with a recent upswing after a softer patch. Profitability has improved from a weak year in the middle of the period, but earnings are still more volatile than sales, which is typical for a miner exposed to swings in metal prices and costs. Operating margins look solid when conditions are favorable, and recent results suggest better cost control and a more profitable mix of assets. Overall, the income statement shows a mature, cyclical business that has regained momentum but remains sensitive to commodity cycles and project performance.

Balance Sheet

Balance Sheet The balance sheet appears robust and relatively stable. Total assets have inched higher, funded largely by a growing equity base rather than heavier borrowing. Debt levels are meaningful but not excessive and have stayed broadly flat, while cash holdings remain sizable, giving the company flexibility to fund projects and handle downturns. This combination points to a conservative capital structure for a large miner, with room to absorb shocks but still some ongoing exposure to commodity and country risks embedded in its asset base.

Cash Flow

Cash Flow Barrick consistently generates strong cash from its operations, reflecting the cash-rich nature of large gold and copper mines when they are running well. Free cash flow is positive but more uneven, mainly because the company is spending heavily on new projects and sustaining capital. Recent years show higher investment outlays, which temporarily press free cash flow but are aimed at supporting future production and extending mine lives. Overall, cash generation looks solid, with the main trade-off being near-term spending versus long-term growth.

Competitive Edge

Competitive Edge Competitively, Barrick leans on a portfolio of large, long-life, relatively low-cost mines that it classifies as “Tier One” assets. These operations can typically stay profitable deeper into a downturn than higher-cost rivals, giving the company resilience when gold or copper prices weaken. Its scale and spread across several regions reduce dependence on any single country, though they also expose it to varied regulatory and political environments. A growing push into copper adds diversification beyond gold, which can help balance earnings over time but also introduces execution and development risk in large new projects.

Innovation and R&D

Innovation and R&D Innovation at Barrick is focused on making its mines more efficient, safer, and cleaner rather than on traditional lab-style research. The company relies heavily on advanced geological modeling, data analytics, and digital tools to plan mines and optimize production. It is rolling out more automation in drilling and hauling, which can lower costs and reduce safety incidents. On the sustainability front, Barrick is investing in renewable power and energy efficiency with an eye toward long-term emissions reductions. These efforts, if executed well, can support lower operating costs, better regulatory relationships, and a stronger license to operate.

Summary

Overall, Barrick looks like a large, established miner with a solid financial base, strong cash generation, and a portfolio tilted toward high-quality, long-life assets. The strategy of focusing on top-tier gold mines while building a meaningful copper business could strengthen its long-term position, but it also raises the importance of delivering complex, capital-intensive projects on time and on budget. Earnings and free cash flow will likely remain cyclical, driven by metal prices and project timing. Leadership changes, geopolitical exposures, and the execution of major copper and digital initiatives are key factors that could shift the company’s risk–reward profile in the coming years.

NEWS

November 26, 2025 · 4:41 PM UTC

Barrick Completes Hemlo Transaction

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November 26, 2025 · 7:00 AM UTC

Barrick Announces Board Changes

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November 25, 2025 · 8:30 AM UTC

Barnes & Noble Education Announces Preliminary Full-Year Fiscal 2025 and Year-to-Date Fiscal 2026 Unaudited Financial Results

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November 24, 2025 · 10:45 AM UTC

Barrick Announces Resolution of its Disputes with Mali

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November 19, 2025 · 8:37 AM UTC

Defiance ETFs Launches BU: The First 2X Leveraged ETF on Barrick Mining Corporation

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