B News & Events

Reports Q4 revenue $6.00B, consensus $5.16B. Reports Q4 gold production 5% higher than Q3 at 871,000 ounces and Q4 copper production of 62,000 tons. "We reported record quarterly cash flow, delivered on our gold and copper production guidance, and successfully executed our 2025 operating plan. These achievements contributed to record adjusted net EPS in 2025 and the highest shareholder returns in this company's history. On the back of this financial strength, the Board approved a further 40% increase to our quarterly base dividend and a dividend framework to allow shareholders to further participate in our performance," said CEO Mark Hill. "The outstanding finish to 2025 showcases the strength of Barrick's operations and the commitment of its people. The agreement in Mali to secure the release of our colleagues was a major success and I commend all who were involved for this tremendous result. As we progress towards an IPO of our North America business to maximize value, we remain steadfast in our focus on operational performance and improving safety. By maintaining a collaborative culture and operational rigor, we are well-positioned to carry our current momentum forward and continue unlocking value from our premier asset portfolio in 2026."

Barrick approved a 42c per share quarterly dividend, representing an increase of 140% over Q3, and announced a new dividend policy. In Q4 2025 and going forward, the company's new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis, comprised of a fixed base quarterly dividend of 17.5c per share and a performance top-up component at each year end based on the attributable free cash flow during the year. The dividend paid in any given year may be higher or lower than the 50% target based on the strength of cash flow, capital needs, balance sheet considerations and other factors.

Barrick Mining sees 2026 production 2.90M-3.25M oz. gold, 190K-220K tons copper