Barrick Mining reported a sharp rise in third-quarter earnings on 9 November 2026, with adjusted earnings per share up 41% year on year to $0.82 and revenue up 22% to $5.07 billion. The gold miner said stronger realised gold prices and higher output drove the result, and it confirmed plans to file for a listing of its North American assets in November.

Net earnings rose 1% to $1.32 billion, or $0.80 per share, while adjusted net earnings reached $1.35 billion, up from $0.98 billion a year earlier. Attributable adjusted earnings before interest, tax, depreciation and amortisation increased 22% to $2.47 billion, and operating cash flow totalled $2.49 billion. Barrick produced 816,000 ounces of gold and 50,000 tonnes of copper in the three months to 30 September 2026.

Gold price lifts revenue as costs climb

The realised gold price averaged $4,243 per ounce, up 23% from a year earlier, according to MarketBeat. That price strength more than offset rising costs: all-in sustaining costs rose to $1,911 per ounce, from $1,538 a year ago, and attributable free cash flow was $0.64 billion. Barrick shares rose more than 4% on Monday after the results.

Barrick returned $1.04 billion to shareholders during the quarter through $761 million of share buybacks and a quarterly dividend of $0.175 per share, payable on 15 December 2026 to shareholders on record at 30 November. The company reaffirmed full-year 2026 production guidance of 2.90 to 3.25 million ounces of gold and 190,000 to 220,000 tonnes of copper.

North American listing filing due in November

Executives said Barrick intends to submit the S-1 registration statement for the planned listing of its North American assets in November, with completion targeted for late 2026 or early 2027. The filing is the first concrete step in the demerger, which Barrick says could unlock value in its North American mines. The company reported the results in its third-quarter 2026 results release, published on 9 November 2026.