Barrick Mining Q3 revenue rises 22% on higher gold prices
B•Barrick Mining’s third-quarter revenue rose 22% year over year, while adjusted earnings per share increased 41%. The company returned $1.04 billion to shareholders and reaffirmed its 2026 production and cost guidance.
1. Quarterly results
Barrick Mining said third-quarter revenue increased 22% year over year, driven by higher gold prices and production. Adjusted net earnings per share rose 41% from a year earlier, and adjusted net income was $1.35 billion.
2. Production and costs
Record throughput at Gold Quarry, the continued Goldrush ramp-up at Cortez and strong output from Loulo-Gounkoto supported production growth. Higher diesel costs, lower grades, royalties and local-currency appreciation lifted gold cost of sales 25% year over year, partly offset by productivity gains.
3. Guidance and returns
Barrick returned $1.04 billion to shareholders through buybacks and dividends. It reaffirmed 2026 gold production guidance of 2.90 million to 3.25 million ounces and copper production guidance of 190,000 to 220,000 tonnes; gold all-in sustaining cost guidance remains $1,760 to $1,950 per ounce.
