Barrick Mining Corporation (B) is trading at a forward 12-month earnings multiple of 11.04, approximately 15% lower than the industry average of 12.97. The company has seen a share price decrease of nearly 6% over the past week but has risen 15.5% in the last month, compared to a 23% increase in the Zacks Mining – Gold industry. Newmont Corporation (NEM), Kinross Gold Corporation (KGC), and Agnico Eagle Mines Limited (AEM) have outperformed Barrick with increases ranging from 28.1% to 30.6%.
As of June 30, 2026, Barrick holds about $5.9 billion in cash against $4.7 billion in debt, leaving $1.2 billion in net cash. The company projects an attributable gold production of 2.9 to 3.25 million ounces for 2026, slightly down from the 3.26 million ounces produced in 2025. Total cash costs and all-in sustaining costs (AISC) per ounce of gold have risen by 15% and 11% year-over-year, reaching AISC of $1,866.
Despite a solid liquidity position and significant growth projects on the horizon, including the Goldrush mine expected to achieve 400,000 ounces of annual production by 2028, Barrick faces challenges with higher production costs and a tepid production outlook. The Zacks Consensus Estimate for Barrick’s 2026 earnings suggests a 47.1% year-over-year increase, reflecting cautious optimism in the company’s operational strategies amidst fluctuating gold prices.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
