Barrick Mining Corporation (B) will release its first-quarter 2026 earnings results on May 11, before the market opens. The Zacks Consensus Estimate anticipates earnings of 74 cents per share, reflecting a 111.4% year-over-year increase. The gold prices, which rose significantly in 2025, are expected to have positively influenced the company’s performance, despite cost and production challenges.
In the fourth quarter of 2025, Barrick reported a 19% year-over-year decline in gold production, reaching 871,000 ounces, primarily due to the suspension of operations at the Loulo-Gounkoto mine. The first-quarter production estimate stands at approximately 655,000 ounces, indicating a 14% decrease compared to the previous year. Additionally, total cash costs per ounce and all-in sustaining costs (AISC) are projected to rise, with AISC expected to be around $1,932, an 8.8% year-over-year increase.
Over the past year, Barrick’s shares have surged by 120.4%, outperforming the Zacks Mining – Gold industry, which increased by 67.2%. As it stands, Barrick’s forward P/E ratio is 10.25, slightly below the industry average of 10.63.
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