Barrick Mining Authorizes $3 Billion Share Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Source: Newsfilter
- Buyback Program Initiated: Barrick Mining's Board of Directors has authorized a share repurchase of up to $3 billion, aimed at returning cash to shareholders at a time when the company perceives exceptional value in its own stock.
- Strong Cash Flow Support: This buyback authorization is based on the company's robust free cash flow and solid execution, which is expected to enhance investor confidence and shareholder value, reflecting the company's optimistic outlook on future market performance.
- Flexible Repurchase Methods: The buyback will be conducted through U.S. markets, including the New York Stock Exchange, utilizing various methods to ensure the company can adapt to market changes and maximize repurchase efficiency.
- Strategic Implications: This buyback plan not only serves as a reward for current shareholders but also lays the groundwork for the upcoming North American Barrick IPO, demonstrating the company's proactive positioning in the capital markets and confidence in future growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy B?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 41.690
Low
44.31
Averages
58.14
High
71.00
Current: 41.690
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a Canada-based gold and copper producing company, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Stocks Under Pressure as Oil Prices Surge
- Market Pressure Intensifies: The S&P 500 index fell 0.14%, the Dow Jones Industrial Average dropped 0.27%, and the Nasdaq 100 index decreased 0.34% as crude oil prices surged over 2% following fresh US attacks on Iran, indicating heightened sensitivity to geopolitical risks.
- Economic Data Impact: The April core PCE price index rose 3.3% year-on-year, meeting expectations, but the unexpected 1.1% decline in April capital goods new orders signals potential economic slowdown, which may heighten investor concerns about future growth.
- Rising Unemployment Claims: Initial jobless claims in the US increased by 5,000 to 215,000, exceeding expectations of 211,000, reflecting a weakening labor market that could prompt the Fed to adopt a more cautious stance in future policy decisions.
- Earnings Season Insights: As of now, 83% of the 479 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise 12% year-on-year; however, excluding the tech sector, growth is only expected at 3%, highlighting a divergence in overall profitability.
See More
Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $40.00 put option is $3.20, and if an investor sells this contract, they commit to buying the stock at $40.00, effectively lowering their cost basis to $36.80, which is attractive compared to the current price of $40.34, appealing to those looking for a discount.
- Yield Potential Analysis: Should the put option expire worthless, it would yield an 8% return on the cash commitment, equating to an annualized return of 32.09%, highlighting the potential profitability of this strategy in the current market context.
- Call Option Returns: The $42.00 call option has a current bid of $2.88, and if an investor buys shares at $40.34 and sells this contract, they could achieve an 11.25% total return if the stock is called away at expiration, showcasing the potential upside of this strategy.
- Risk-Reward Trade-off: The $42.00 call option represents a 4% premium over the current stock price, with a 51% chance of expiring worthless, allowing investors to retain both their shares and the premium collected, thus enhancing investment flexibility.
See More
US Stocks Close Lower as Tech Rally Falters
- Market Decline: The S&P 500 and Nasdaq 100 fell by 0.67% and 0.61%, respectively, reaching 1.5-week lows, indicating concerns over a pullback in tech stocks, particularly as the AI-driven rally loses momentum, which may affect investor confidence.
- Rising Bond Yields: The 10-year T-note yield surged to a 16-month high of 4.69%, triggering risk-off sentiment that led to increased stock liquidation, further heightening market uncertainty and potentially prompting the Fed to adopt tighter monetary policies.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, and March figures were revised up to 1.7%, demonstrating resilience in the housing market that could provide some support for stocks.
- Oil Price Volatility: WTI crude prices fell nearly 1% following President Trump's comments on Iran, while the IEA reported a decline in global oil inventories of about 4 million bpd, suggesting that the market will remain undersupplied in the near term, impacting related energy stocks.
See More
Barrick Mining Exceeds Q1 Earnings Expectations with 67% Revenue Surge
- Strong Performance: Barrick Mining reported a 67% year-over-year revenue increase in Q1 2026, exceeding market expectations by $380 million, showcasing robust operational capabilities that are likely to boost investor confidence further.
- Cash Flow Growth: Adjusted earnings per share surpassed analyst expectations by $0.17, with free cash flow increasing by 195%, indicating the company's excellent capital return strategy, which may attract more investor interest.
- Buyback Program: The announcement of a new $3 billion stock repurchase plan is expected to enhance earnings per share and strengthen shareholder returns, further solidifying its competitive position in the gold industry.
- IPO Prospects: The anticipated IPO of North American assets in 2026 is expected to unlock valuation premiums; although analysts remain cautious about the sustainability of current gold prices, this strategy could provide long-term growth potential for the company.
See More
US Stocks Retreat as Tech Rally Falters
- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
See More
Gold Prices Under Pressure as Silver Plummets
- Gold Price Decline: Spot gold prices fell by 2% to $4,558.6 per ounce, and if it fails to hold above $4,500, renewed focus on the 200-day moving average at $4,340 could undermine investor confidence and trigger further sell-offs.
- Silver Crash: Spot silver plummeted over 8% to $76.7 per ounce, with futures dropping nearly 10%, indicating a sharp decline in demand for precious metals, which may lead to further stock price declines for related mining companies.
- Rising Oil Prices: Brent crude oil futures surged 3.3% to $109 per barrel, reflecting increasing global energy costs that could exacerbate inflation expectations, thereby impacting the precious metals market negatively.
- Shifting Market Sentiment: While retail sentiment for iShares Silver Trust remains in the 'extremely bullish' zone, sentiment for SPDR Gold Shares has shifted from 'bearish' to 'neutral', indicating a weakening confidence among investors in gold's future performance.
See More
US Stocks Under Pressure as Oil Prices Surge
- Market Pressure Intensifies: The S&P 500 index fell 0.14%, the Dow Jones Industrial Average dropped 0.27%, and the Nasdaq 100 index decreased 0.34% as crude oil prices surged over 2% following fresh US attacks on Iran, indicating heightened sensitivity to geopolitical risks.
- Economic Data Impact: The April core PCE price index rose 3.3% year-on-year, meeting expectations, but the unexpected 1.1% decline in April capital goods new orders signals potential economic slowdown, which may heighten investor concerns about future growth.
- Rising Unemployment Claims: Initial jobless claims in the US increased by 5,000 to 215,000, exceeding expectations of 211,000, reflecting a weakening labor market that could prompt the Fed to adopt a more cautious stance in future policy decisions.
- Earnings Season Insights: As of now, 83% of the 479 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise 12% year-on-year; however, excluding the tech sector, growth is only expected at 3%, highlighting a divergence in overall profitability.
See More
Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $40.00 put option is $3.20, and if an investor sells this contract, they commit to buying the stock at $40.00, effectively lowering their cost basis to $36.80, which is attractive compared to the current price of $40.34, appealing to those looking for a discount.
- Yield Potential Analysis: Should the put option expire worthless, it would yield an 8% return on the cash commitment, equating to an annualized return of 32.09%, highlighting the potential profitability of this strategy in the current market context.
- Call Option Returns: The $42.00 call option has a current bid of $2.88, and if an investor buys shares at $40.34 and sells this contract, they could achieve an 11.25% total return if the stock is called away at expiration, showcasing the potential upside of this strategy.
- Risk-Reward Trade-off: The $42.00 call option represents a 4% premium over the current stock price, with a 51% chance of expiring worthless, allowing investors to retain both their shares and the premium collected, thus enhancing investment flexibility.
See More
US Stocks Close Lower as Tech Rally Falters
- Market Decline: The S&P 500 and Nasdaq 100 fell by 0.67% and 0.61%, respectively, reaching 1.5-week lows, indicating concerns over a pullback in tech stocks, particularly as the AI-driven rally loses momentum, which may affect investor confidence.
- Rising Bond Yields: The 10-year T-note yield surged to a 16-month high of 4.69%, triggering risk-off sentiment that led to increased stock liquidation, further heightening market uncertainty and potentially prompting the Fed to adopt tighter monetary policies.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, and March figures were revised up to 1.7%, demonstrating resilience in the housing market that could provide some support for stocks.
- Oil Price Volatility: WTI crude prices fell nearly 1% following President Trump's comments on Iran, while the IEA reported a decline in global oil inventories of about 4 million bpd, suggesting that the market will remain undersupplied in the near term, impacting related energy stocks.
See More
Barrick Mining Exceeds Q1 Earnings Expectations with 67% Revenue Surge
- Strong Performance: Barrick Mining reported a 67% year-over-year revenue increase in Q1 2026, exceeding market expectations by $380 million, showcasing robust operational capabilities that are likely to boost investor confidence further.
- Cash Flow Growth: Adjusted earnings per share surpassed analyst expectations by $0.17, with free cash flow increasing by 195%, indicating the company's excellent capital return strategy, which may attract more investor interest.
- Buyback Program: The announcement of a new $3 billion stock repurchase plan is expected to enhance earnings per share and strengthen shareholder returns, further solidifying its competitive position in the gold industry.
- IPO Prospects: The anticipated IPO of North American assets in 2026 is expected to unlock valuation premiums; although analysts remain cautious about the sustainability of current gold prices, this strategy could provide long-term growth potential for the company.
See More
US Stocks Retreat as Tech Rally Falters
- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
See More
Gold Prices Under Pressure as Silver Plummets
- Gold Price Decline: Spot gold prices fell by 2% to $4,558.6 per ounce, and if it fails to hold above $4,500, renewed focus on the 200-day moving average at $4,340 could undermine investor confidence and trigger further sell-offs.
- Silver Crash: Spot silver plummeted over 8% to $76.7 per ounce, with futures dropping nearly 10%, indicating a sharp decline in demand for precious metals, which may lead to further stock price declines for related mining companies.
- Rising Oil Prices: Brent crude oil futures surged 3.3% to $109 per barrel, reflecting increasing global energy costs that could exacerbate inflation expectations, thereby impacting the precious metals market negatively.
- Shifting Market Sentiment: While retail sentiment for iShares Silver Trust remains in the 'extremely bullish' zone, sentiment for SPDR Gold Shares has shifted from 'bearish' to 'neutral', indicating a weakening confidence among investors in gold's future performance.
See More
