Barrick Mining Projects 2026 Gold Production Slightly Below 2025 Levels
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
0mins
Should l Buy B?
Source: stocktwits
- 2026 Gold Production Outlook: Barrick Mining expects gold production in 2026 to range between 2.90 million and 3.25 million ounces, slightly below the 3.26 million ounces produced in 2025, indicating a 17% year-over-year decline but still aligning with the company's guidance, reflecting stable production capabilities.
- Q4 Earnings Beat Expectations: The company reported net earnings of $2.41 billion for Q4, translating to $1.43 per share, with adjusted net earnings of $1.75 billion, significantly exceeding analysts' expectations of $0.87 per share, and revenue surged 31% to $6 billion, boosting market confidence.
- NewCo IPO Progress: Barrick has received board approval to proceed with the IPO of its subsidiary NewCo, which will hold its North American gold assets, targeting completion by late 2026, potentially enhancing the company's capital structure and market positioning.
- Market Reaction Analysis: Despite strong Q4 results, Barrick's stock fell over 2% in pre-market trading, reflecting market concerns over declining gold prices, with retail sentiment shifting from 'bearish' to 'neutral', indicating uncertainty about future performance.
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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: 38.450
Low
44.31
Averages
58.14
High
71.00
Current: 38.450
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, 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 located 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 located 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 located 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.
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- IPO Announcement: Barrick Mining has announced plans to take its North American gold business public by the end of this year, with a primary listing in New York and a secondary listing in Toronto, which is expected to significantly enhance the company's capital-raising capabilities in the North American market.
- Asset Highlights: The new unit will encompass Barrick's stakes in Nevada Gold Mines, the Pueblo Viejo mine in the Dominican Republic, and the Fourmile discovery in Nevada, collectively producing approximately 2 million ounces of gold last year, which is anticipated to provide robust revenue growth support for the new company.
- Leadership Team Confirmation: The new company has confirmed its leadership team, including long-time Barrick executives Tim Cribba as COO and Wessel Hamman as CFO, both reporting to CEO Mark Hill, appointed in February, ensuring management stability and experience.
- Independent IPO Strategy: Barrick stated that the IPO will be structured in accordance with its joint venture agreements and has been in discussions with partner Newmont to improve operations at Nevada Gold Mines, although it can proceed with the IPO without partner approval, demonstrating the company's independent decision-making capability.
See More
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- Management Team Appointment: Barrick Mining has appointed a dedicated management team for its North American gold assets, consisting of experienced veterans, which is expected to enhance operational efficiency and market competitiveness in North America.
- Production Capacity: North American Barrick's gold assets are projected to achieve approximately 2.0 million ounces of gold production in 2025, indicating strong growth potential and further solidifying its position in the global gold market.
- IPO Plans: Barrick aims to complete the initial public offering (IPO) of its North American gold assets by the end of 2026, which will provide an independent management team and enhance the market attractiveness of these assets, likely accelerating the company's growth momentum in North America.
- Fourmile Project Potential: North American Barrick will include the Fourmile gold project, considered one of the most significant gold discoveries of this century, anticipated to provide substantial high-grade, low-cost growth opportunities, thereby enhancing the overall value of its asset portfolio.
See More
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- Risk and Volatility: SLV's maximum drawdown over five years is -42.45%, compared to SGDM's -45.05%, with SGDM exhibiting a higher beta of 0.79, suggesting greater price volatility, which investors should consider based on their risk tolerance.
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