The company produced 719,000 ounces of gold, surpassing guidance of 640,000–680,000 ounces, while copper output reached 49,000 tonnes in line with expectations. Revenue climbed 67% year-on-year to $5.22 billion.

Operating cash flow surged 111% to $2.55 billion, while attributable free cash flow jumped 195% to $1.21 billion. Net earnings per share rose 256% to $0.96, while adjusted earnings per share increased 180% to $0.98.

President and CEO Mark Hill said the company’s disciplined operational execution, strong performances at Nevada Gold Mines and Veladero, and ramp-up at Loulo-Gounkoto drove the results.

Gold cost of sales totaled $1,922 per ounce, with all-in sustaining costs of $1,708 per ounce. Copper production increased 11% year-over-year.

Barrick maintained its full-year 2026 production guidance of 2.90–3.25 million ounces of gold and expects stronger sequential output through the year.

The company also declared a quarterly dividend of $0.175 per share and announced a new $3 billion share repurchase program as it advances the planned North American Barrick IPO targeted for completion by year-end.