Barrick Q2 2026 revenue rallies 44% to $5.29 billion

• Barrick Mining expanded its Nevada Gold Mines joint venture with Newmont through an asset exchange and $1.95 billion cash payment.
• Q2 2026 revenue rose 44% year over year to $5.29 billion, while net earnings reached $1.22 billion.
• Barrick maintained 2026 production guidance and reduced attributable capital expenditure guidance to $3.8–$4.2 billion.

Barrick Mining (NYSE:B) reported Q2 2026 revenue of $5.29 billion, up 44% year over year, while expanding its Nevada Gold Mines joint venture with Newmont through a revised ownership structure.

The transaction will see Barrick contribute Fourmile and Newmont contribute Mike and Fiberline assets, creating what the companies describe as a Nevada complex containing nearly 100 million ounces of gold resources.

Newmont will pay Barrick a $1.95 billion cash top-up within 30 days, resolve outstanding Nevada Gold Mines disputes and support Barrick’s planned North American gold IPO, which includes Nevada Gold Mines and other assets.

Meanwhile, Barrick produced 796,000 ounces of attributable gold in Q2, up 11% sequentially and above its quarterly guidance, while adjusted EPS increased 74% to $0.82 and operating cash flow rose 28% to $1.70 billion.

The company declared a quarterly dividend of $0.175 per share and repurchased $1.209 billion of shares during Q2, resulting in total shareholder returns of $1.50 billion.

Barrick also maintained its 2026 production and cost outlook while reducing total attributable capital expenditure guidance to $3.8 billion–$4.2 billion and continuing plans for a North American gold IPO by year-end 2026.