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

Company Fundamentals
11 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

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.

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