Barrick Q2 FY26 net earnings rise 50% to USD 1.22 billion; revenue climbs 44% to USD 5.29 billion
GOLD•Gold production tops guidance
Gold production rose 11% from Q1 to 796,000 ounces, topping guidance; gold cost of sales was USD 1,993/oz, and AISC was USD 1,866/oz.
Q2 earnings, revenue and cash flow rise
Barrick posted Q2 net earnings of USD 1.22 billion, up 50% year-on-year; diluted EPS rose 55% to USD 0.73.
Revenue climbed 44% to USD 5.29 billion; operating cash flow increased 28% to USD 1.7 billion.
Nevada Gold Mines and North American IPO plans
Agreement with Newmont expands Nevada Gold Mines via early property vend-ins; Newmont is to pay a USD 1.95 billion cash top-up within 30 days.
North American gold assets IPO targeted for completion by year-end; Mark Hill is slated to lead the new company as CEO.
