Barrick records $5.07 billion Q3 revenue in latest results
By Liezl GambeKey points
- Barrick reported third-quarter 2026 revenue of US$5.07 billion, up 22% year-over-year, while net earnings increased 1% to US$1.32 billion.
- Gold production reached 816,000 ounces, up 3% sequentially but down approximately 2% year-over-year on a reported basis, while all-in sustaining costs rose 24% to US$1,911 per ounce.
- Barrick returned US$1.04 billion to shareholders, ended the quarter with US$909 million in net cash and declared a US$0.175 quarterly dividend.
Barrick (NYSE:B) reported third-quarter 2026 revenue of US$5.07 billion, up 22% year-over-year, while net earnings increased 1% to US$1.32 billion.
The company produced 816,000 ounces of gold, up 3% from the second quarter but down approximately 2% year-over-year on a reported basis, although production increased 6% after excluding divested assets.
Gold all-in sustaining costs increased 24% year-over-year to US$1,911 per ounce, while attributable free cash flow fell 44% to US$642 million and copper production reached 50,000 tonnes.
Barrick returned US$1.04 billion to shareholders through US$761 million in share repurchases and quarterly dividends, while ending September with US$909 million in net cash, compared with US$323 million a year earlier.
The company maintained its full-year production guidance of 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper, while its Lumwana expansion remains on budget, with first copper targeted for the end of the first quarter of 2028.
