Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026

• Gold production boost - Q2 gold production rose 11% over Q1 to 796,000 oz, exceeding guidance, driven by ahead-of-schedule ramp-up at Loulo-Gounkoto, faster recovery at Pueblo Viejo, and record underground tonnes at Cortez as Goldrush ramped up.
• Higher realized prices - The company said increased earnings were driven by higher realized gold and copper prices.
• Cost pressures - Gold cost of sales and AISC rose yr/yr due to lower grades processed, higher fuel costs, and increased royalties tied to the stronger realized gold price.

The current average analyst rating on the shares is buy and the breakdown of recommendations is 12 strong buy or buy, 3 hold and no sell or strong sell.

The average consensus recommendation for the gold peer group is buy.

Wall Street's median 12-month price target for Barrick Mining Corp is C$81.69, about 34% above its August 7 closing price of C$60.96.