Barrick Mining Corporation (B)

Barrick Mining’s preliminary results for the second fiscal quarter of 2026, reported August 10, showed beats on both the top and bottom line as revenue of $5.292 billion topped the $5.097 billion estimate, +3.8%, and adjusted EPS of $0.82 topped the $0.81 estimate, +1.2%. Revenue rose ~44% to about $5.3 billion from roughly $3.7 billion a year ago, while net income increased ~50% to around $1.2 billion from about $811 million. Profitability was elevated alongside the sales growth, with gross margin near 55% and operating margin around 50%, translating to gross profit of roughly $2.9 billion and operating income of about $2.7 billion. On a per-share basis, adjusted EPS was up ~75% year over year from $0.47. The quarter generated operating cash flow of about $1.8 billion, and Barrick paid roughly $282 million in dividends. For the next period, consensus calls for EPS of $0.89 on revenue of $5.207 billion.