Overview
- Barrick shares gained about 3% Monday after the miner reported a stronger-than-expected first quarter.
- Adjusted EPS reached $0.98 versus $0.81 expected and revenue rose 67% to $5.22 billion, helped by a realized gold price of $4,823 per ounce.
- Gold output totaled 719,000 ounces, topping the company’s 640,000–680,000 ounce plan, while copper production rose 11% to 49,000 tonnes.
- Operating cash flow climbed to $2.55 billion and free cash flow to $1.21 billion, supporting a $3.0 billion share buyback and a $0.175 quarterly dividend.
- Management kept 2026 and second-quarter production targets and said the planned North American Barrick IPO remains on track for completion by year end.