B

I'm reiterating Barrick Mining as a Strong Buy with a $56 price target, reflecting a 37% upside. The North American IPO catalyst is now de-risked after Newmont's consent and a $1.95 billion settlement, enhancing visibility for key assets like Nevada Gold Mines and Fourmile. B delivered Q2 2026 gold production of 796Koz (+11% q/q), adjusted EPS up 74% y/y to $0.82, and reduced capex guidance while maintaining robust shareholder returns.

B's Q2 earnings jumped 74% as higher gold prices drove sales growth, while 2026 capital spending guidance was lowered.

B's Q2 call spotlights its $4B Newmont deal, unchanged 2026 guidance and plans for a year-end North American gold IPO.

The TSX Composite Index has soared this year, even as gold prices have recoiled. It has jumped by 14.35% this year and 30% in the last 12 months, outperforming the S&P 500.

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates. The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84 consensus estimate.

Barrick Mining settled a longstanding dispute with rival Newmont over its Nevada operations, securing a $1.95 billion cash payout and paving the way for the spinoff of Barrick's North American gold assets.

Barrick Mining (B) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.47 per share a year ago.

Amended JV Agreement Includes Contribution of Excluded Properties and Concludes All Outstanding Disputes Between Parties

Agreement with Newmont resolves all disputes; Newmont's consent to Barrick's American IPO provides substantial flexibility and value

All amounts expressed in U.S. dollars TORONTO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced the declaration of a $0.175 per share dividend in respect of performance for the second quarter of 2026. The Q2 2026 dividend will be paid on September 15, 2026 to shareholders of record at the close of business on August 31, 2026.