Barrick Mining Corporation (ABX) Earnings Call Transcripts

Barrick Mining Corporation's Latest Earnings Call - Q1 FY2026

In Q1 2026, Barrick Mining Corporation reported strong operational and financial results, with gold production of 719,000 ounces, exceeding guidance and reflecting a 4% year-over-year increase. The company achieved an adjusted net earnings growth of 173% year-over-year, supported by a 66% increase in realized gold prices. Notably, free cash flow surged 320% to $1.6 billion, prompting the announcement of a quarterly dividend of $0.175 per share and a $3 billion share buyback program. Management maintained its full-year production and cost guidance, signaling confidence in operational consistency and growth initiatives.

Reported metrics

Guidance from management

Management maintained its full-year production and cost guidance, expecting gold production in Q2 to range between 730,000 to 770,000 ounces, consistent with operational plans.

What management said

Thank you, Dan. On your first question, the 50% attributable free cash flow policy was just introduced in 4Q last year, and we maintained that policy. That means at year-end, we will use attributable operating cash flow minus attributable CapEx to derive the attributable free cash flow and then 50% of that will be used for top-up dividend in the fourth quarter. So that will not affect or be impacted by any of the buy...

Okay. So your second question is about setting up a target on the balance sheet. We had a balance sheet-based target before. And we moved to the free cash flow-based policy last quarter. So right now, we are taking just a flexible stance given the strong cash flow and a strong balance sheet. We announced this $3 billion, and we will see the market window whenever appropriate, we will execute on our buyback program. I...

What analysts pressed on

Analysts expressed concerns regarding the Reko Diq project, particularly about the ongoing contractor issues and the potential impact on capital expenditures. There were also inquiries about the implications of the North American IPO on capital allocation strategies.

Main topics on the call

• Strong Financial Performance — Barrick's Q1 results showcased a significant increase in adjusted net earnings, which rose 173% year-over-year. CFO Helen Cai stated, "These very strong results reflect both the operational progress in the business and t...
• Free Cash Flow Surge — Free cash flow increased 320% year-over-year to $1.6 billion, allowing for a new quarterly dividend and share buyback. Mark Hill emphasized, "Strong execution in the quarter allowed us to capture more of the higher gold ...
• Production Exceeds Guidance — Gold production reached 719,000 ounces, above guidance, with a 4% year-over-year increase. Management noted, "We are on track to meet our production and cost guidance," indicating operational stability.
• Cost Management Discipline — Barrick reported lower gold costs per ounce than planned, reflecting effective cost control measures. The CFO highlighted, "It was not driven by price alone," underscoring operational efficiencies.

Read the full Barrick Mining Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 51 Barrick Mining Corporation earnings call transcripts on record, spanning February 12, 2020 to August 10, 2026. Based on this history, Barrick Mining Corporation reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ABX

Exchange

TSX

Country

CA

Sector

Materials

Industry

Metals and Mining

Calls on record

51

First call

February 12, 2020

Most recent

August 10, 2026

Reporting cadence

quarterly