Barrick Mining Corporation reports developments tied to its global gold and copper mining, exploration and development portfolio. Company news commonly covers operating and financial results, mine and project updates, technical and governance matters, and capital allocation actions for common shares that trade on the NYSE under B and on the TSX under ABX.
Recurring updates include quarterly results releases, dividend declarations, share repurchase authorizations, annual meeting materials and changes in executive or board oversight. Barrick also reports on its gold assets in North America and other mining jurisdictions, including disclosures connected to major mines, development projects, reserves, production, costs, cash flow and responsible mining obligations.
B (Barrick) completed the divestiture of the Hemlo Gold Mine in Canada to Carcetti Capital Corp., which will be renamed Hemlo Mining Corp (HMC), for total consideration of up to $1.09 billion.
Transaction proceeds included $875 million in cash received on closing, $50 million in HMC shares received on closing, and a production and tiered gold price-linked cash payment structure of up to $165 million payable over a five-year term starting in January 2027. The company acknowledged cooperation from the Biigtigong Nishnaabeg and Netmizaaggamig Nishnaabeg First Nations.
Barrick (NYSE:B) announced on November 26, 2025 that Ben van Beurden has stepped down as a director and as Lead Independent Director. Loreto Silva, an existing non-executive director, will succeed him as Lead Independent Director. The chairman said the board is focused on delivering long-term value and described the company as having industry-leading assets and a strengthened leadership team aligned on strategic priorities.
Barrick (NYSE:B) announced on November 24, 2025 that it has reached an agreement with the Government of the Republic of Mali to end disputes over the Loulo and Gounkoto mines.
Under the agreement, all charges against Barrick, its affiliates and employees will be dropped, the legal steps to secure the release of four detained Barrick employees will be taken, and the provisional administration of the Loulo-Gounkoto complex will be terminated, returning operational control to Barrick. Barrick subsidiaries will also withdraw ICSID arbitration claims, enabling a constructive path forward.
B (Barrick) reported Q3 2025 results on Nov 10, 2025: revenue of $4.1B, gold production of 829,000 oz and copper production of 55,000 t. The company delivered record quarterly operating cash flow of $2.4B (+82% vs Q2) and free cash flow of $1.5B (+274% vs Q2). Net earnings were $1.3B ($0.76/share) and adjusted net earnings were $982M ($0.58/share).
The Board raised the base quarterly dividend 25% to $0.125/share and approved a total $0.175 per-share payout this quarter, expanded the buyback program by $500M (YTD repurchases $1.0B), and reiterated full-year 2025 guidance.
Barrick (NYSE:B) announced on November 10, 2025 that its Board approved a $500 million increase to the existing share repurchase program.
In February 2025 the Board authorized repurchases up to $1.0 billion over 12 months; Barrick had repurchased $1.0 billion of shares as of September 30, 2025. The additional $500 million allows for potential further repurchases over the remaining term of the program. Repurchases may occur on public U.S. markets, including the NYSE, and by other SEC‑permitted methods. The Company said actual timing and amounts will depend on financial performance, cash flow availability, capital needs, other shareholder returns, and debt reduction, and that the program may be suspended at any time. The Board will consider any 2026 program in February 2026.
B (Barrick) raised its quarterly base dividend by 25% to $0.125 per share and declared an enhanced Q3 2025 dividend of $0.175 per share (including a $0.05 performance dividend). The Q3 dividend is payable on December 15, 2025 to holders of record on November 28, 2025. Barrick repurchased approximately 18.60 million shares in Q3 and 39.79 million shares year-to-date under the 2025 buyback program, representing about 2.3% of issued shares, for total cash of $1.0 billion (including $589 million in Q3). The company updated its Performance Dividend Policy showing tiered performance payments up to $0.15 per quarter, producing a maximum quarterly total of $0.275 per share.
B (Barrick) completed the sale of the Alturas Project in Chile to Boroo Pte. Ltd. for an up-front cash payment of $50 million on Nov 7, 2025. Barrick also retained a 0.5% net smelter return (NSR) royalty on gold and silver from the project that terminates after 2 million ounces gold-equivalent are produced. Boroo has a four-year repurchase option to buy back the royalty for $10 million. The transaction converts the asset to cash and a capped royalty interest.
Barrick (NYSE:B) will report third quarter 2025 results on Monday, November 10, 2025, with the release timed for 6:00 AM ET. Management will host a live webcast presentation at 11:00 AM ET the same day followed by a Q&A with analysts. Presentation materials will be posted on the company website and a recording of the webcast will be available for replay later on November 10.
B (Barrick) agreed to sell its interests in the Tongon gold mine and related exploration permits in Côte d’Ivoire to Atlantic for up to $305 million. The consideration comprises $192 million cash (including a $23 million shareholder loan repayment within six months) plus up to $113 million in contingent cash payments tied to gold price over 2.5 years and resource conversions over 5 years. Proceeds will be used to strengthen Barrick’s balance sheet. Closing is expected in late 2025, subject to customary conditions including Government of Côte d’Ivoire approval.
Barrick Mining Corporation (NYSE:B) announced a significant leadership transition with the immediate appointment of Mark Hill as Group COO and Interim President & CEO, following Mark Bristow's departure after nearly seven years at the helm.
Hill, currently overseeing Barrick's Latam and Asia Pacific regions, brings 30 years of mining industry experience. Under Bristow's leadership since the 2019 Randgold merger, Barrick has returned $6.7 billion to shareholders and reduced net debt by $4 billion. The Board's Search Committee, led by Brett Harvey, has initiated a search for a permanent CEO with support from a leading executive search firm.