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Barrick Mining posts weaker Q3 earnings despite higher gold output and prices.

Company Fundamentals
09 Nov 2026, 17:02 WIB
Kitco
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Neutral
Barrick Mining posts weaker Q3 earnings despite higher gold output and prices.

Barrick Mining reported Q3 adjusted net earnings of $1.35 billion, missing analyst expectations despite a 41% rise from last year. Revenue grew 22% to $5.07 billion, supported by a 6% increase in gold production and higher realized gold prices. However, rising operating costs, including a 24% increase in all-in sustaining costs, weighed on profitability. The company maintained its full-year gold production guidance and plans an IPO for its North American assets in 2026 or 2027, while advancing copper projects in Zambia and reviewing the Reko Diq project in Pakistan.

Barrick Gold Corp shares are trading at USD 41.87 on Pluang as of Nov 09, 2026 22:22 WIB, showing a positive 3.23% change in one day. The stock's market capitalization stands at $67.16 billion, reflecting its significant presence in the Basic Materials sector. Investors on Pluang typically hold Barrick shares for about 57 days, indicating moderate trading activity.

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