How to Trade Barrick Mining After Q2 Earnings
Barrick Mining Corporation is the third largest gold miner in the world in terms of both production and market capitalisation, operating mines throughout the Americas and Africa.
Last week, it released results for the second quarter in which gold production beat the company’s own guidance and adjusted earnings were reported in line with analyst expectations.
Most notably, Barrick reached an agreement with Newmont, resolving a dispute over their joint venture and clearing the way for an IPO of Barrick’s North American assets. Keep reading to find out more and learn what analysts are predicting for the stock.
The information in this article is provided for educational purposes only and does not constitute financial advice. Consult a financial advisor before making investment decisions.
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Barrick Mining Q2 Earnings Performance Summary
- Gold production was flat year on year but increased 11% from the previous quarter to 796,000 ounces, exceeding prior guidance of 730,000 – 770,000 ounces.
- Copper production fell 5% YoY but rose 14% from the prior quarter to 56,000 tonnes.
- Revenue accelerated 44% YoY to $5.29 billion, largely thanks to significantly higher realised prices.
- Realised gold price rose 34% to $4,417 per ounce, up from $3,295 a year before.
- Realised copper price rose 41% to $6.15 a pound, up from $4.36 a year before.
- Adjusted net earnings jumped 70% to $1.36 billion, up from $800 million a year before.
- Adjusted net earnings per share rose 74% to $0.82, in line with analyst expectations according to data compiled by LSEG.
- Reported EPS was $0.73, an increase of 55% from the previous year.
- Barrick declared a quarterly dividend of $0.175 a share and repurchased $1.2 billion of shares during the quarter.
- The miner maintained full year production and cost guidance.
- Gold production guidance: 2.90 - 3.25 million ounces.
- Copper production guidance: 190,000 – 220,000 tonnes.
- Barrick and Newmont, which is the world’s largest gold miner by production and market cap, reached an agreement which resolved all outstanding disputes between the two companies. The dispute had centred around Barrick’s management of the Nevada Gold Mines Joint Venture in which Barrick and Newmont hold 61.5% and 38.5% stakes, respectively.
- As part of the agreement, Newmont will pay Barrick $1.95 billion in cash within 30 days.
- Barick’s Fourmile project and Newmont’s Mike and Fiberline projects will all be folded into the joint venture.
- Newmont has also consented to Barrick’s planned IPO of its North American gold assets.
Source: Barrick Mining Corporation Second Quarter Results, Mining.com
Barrick Mining 12-Month Analyst Stock Price Forecast
According to 12 Wall Street analysts, polled by TipRanks, offering a 12-month stock price forecast for Barrick Mining over the past 3 months:
- Buy Ratings: 7
- Hold Ratings: 5
- Sell Ratings: 0
- Average Price Target: $52.34
- High Price Target: $86.00
- Low Price Target: $41.00
Trading Strategy Example: Barrick Mining
The following trading examples are for educational purposes only and do not constitute investment advice. Investors should conduct independent research before making trading decisions. An example trading idea for Barrick Mining could be as follows:
Whilst Barrick’s revenue and earnings both rose sharply year on year, this was down to higher realised prices, as gold production remained flat and copper production actually fell.
This highlights a risk associated with investing in Barrick, its earnings are heavily dependent on the price of gold, from which it derives the vast majority of revenue. In the first half of the year, that’s mostly worked in the miner’s favour, as prices are significantly higher than they were in 2025. However, should gold prices fall, it could have the opposite impact.
The big news last week was Barrick and Newmont resolving the dispute over their Nevada Gold Mines joint venture, which had threatened to disrupt Barrick’s plans for an IPO of its North American assets later this year.
Under the plans, Barrick intends to float 10% of its North American gold assets in a separate listing. However, there has reportedly been some resistance from shareholders, who argue that the IPO will dilute existing shareholders’ exposure to Barrick’s highest quality assets. Indeed, Barrick’s shares fell sharply on the day of the announcement.
How to Buy Barrick Mining Stock in 4 Steps
- Open an account with Admirals and complete the onboarding process to access the dashboard.
- Click on Trade or Invest on one of your live or demo accounts to open the Admirals Platform.
- Search for your stock in the search window at the top.
- Input your entry, stop-loss and take profit levels in the trading ticket.
Do You See the Barrick Mining Stock Price Moving Differently?
If you believe there is a higher chance that the share price of Barrick Mining will move lower, then you can also trade short using CFDs (Contracts for Difference). However, these have higher associated risks and are not suitable for all investors. Learn more about CFDs in this How to Trade CFDs article.
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