Barrick Mining beats Q1 estimates, announces $3B buyback, shares rise 2% premarket.

Barrick Mining Corporation reported strong Q1 results, surpassing earnings per share and revenue expectations. The company also announced a $3 billion share buyback program, which helped boost its stock price by 2% in premarket trading. Gold production and cost management exceeded guidance, driving a 67% year-over-year revenue increase and solid free cash flow growth. The company maintains a buy rating, citing attractive valuation and ongoing project execution, while noting risks from commodity price swings, operational issues, and potential regulatory or interest rate challenges.