Nevada

Gold

Stellar

<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>Q1 adjusted earnings per share reached $0.98, surpassing analyst expectations of $0.81</li>
 <li>Total revenue achieved $5.22 billion, representing a 67% increase compared to the previous year and exceeding the $4.84 billion forecast</li>
 <li>Gold output delivered 719,000 ounces, exceeding the company’s projected range of 640,000–680,000 ounces</li>
 <li>Cash flow from operations surged 111% year-over-year to $2.55 billion; free cash flow climbed 195% to $1.21 billion</li>
 <li>Company unveiled a new $3.0 billion share repurchase initiative while reaffirming its full-year production targets</li>
</ul>
Barrick Gold (NYSE: B) experienced a 3% increase on Monday following the release of first-quarter financial results that exceeded analyst projections across key metrics.
<a href="https://knockoutstocks.com/stock/B" rel="noopener noreferrer nofollow"> <img src="https://knockoutstocks.com/api/stocks/B/embed" alt="B Stock Card"> Barrick Mining Corporation, B </a>
The mining giant delivered adjusted earnings per share of $0.98, surpassing the Wall Street consensus of $0.81. Total quarterly revenue reached $5.22 billion, marking a significant 67% climb from $3.13 billion in the comparable period last year and beating the anticipated $4.84 billion.
Shares initially gained approximately 0.6% during premarket hours following the earnings release before momentum accelerated throughout the session.
<a href="https://coincentral.com/gold-price-falls-1-after-trump-rejects-iran-peace-proposal-and-oil-prices-surge/" rel="noopener noreferrer nofollow">Gold prices</a> hit an average of $4,673.50 per ounce throughout the quarter, representing roughly a 63% increase compared to the prior year. Barrick achieved an even more favorable realized gold price of $4,823 per ounce, substantially higher than the $2,898 per ounce recorded in last year’s first quarter.
The company’s gold output totaled 719,000 ounces during the three-month period ending March 31. While this figure represented a decline from the 758,000 ounces produced in the year-ago quarter, it significantly exceeded Barrick’s internal guidance range of 640,000–680,000 ounces.
<blockquote>
 CEO Mark Hill highlighted superior underground mining execution and accelerated progress at strategic locations. “We operated safely and outperformed our plan on both gold production and costs,” Hill stated.
</blockquote>
Robust performance at Nevada Gold Mines, enhanced processing volumes at Veladero, and an expedited ramp-up at Loulo-Gounkoto were instrumental in exceeding expectations.
<h3 id="financial-performance-and-cost-management">Financial Performance and Cost Management</h3>
<a href="https://coincentral.com/gold-price-above-4700-as-central-banks-buy-and-middle-east-ceasefire-holds/" rel="noopener noreferrer nofollow">Gold</a> all-in sustaining costs registered at $1,708 per ounce, declining 4% from the previous year. This favorable mix of elevated realized prices combined with reduced costs translated directly into impressive cash generation.
Cash flow from operations climbed to $2.55 billion, representing a 111% year-over-year improvement. Attributable free cash flow surged to $1.21 billion, nearly tripling with a 195% increase compared to the first quarter of 2025.
The copper segment also delivered positive results, with production climbing 11% year-over-year to 49,000 tonnes.
<h3 id="shareholder-returns-and-forward-guidance">Shareholder Returns and Forward Guidance</h3>
Barrick announced a quarterly dividend of $0.175 per share, scheduled for distribution on June 15 to shareholders of record as of May 29.
The company additionally unveiled a substantial $3.0 billion share repurchase program, demonstrating strong confidence in its financial position and future prospects.
Looking ahead to the second quarter, Barrick projects gold production within a range of 730,000–770,000 ounces. The 750,000-ounce midpoint suggests ongoing sequential production growth.
Full-year 2026 gold production targets remain unchanged at 2.90–3.25 million ounces. Copper production guidance similarly held steady at 190,000–220,000 tonnes.
The anticipated initial public offering of North American Barrick — encompassing the company’s Nevada Gold Mines and Pueblo Viejo interests alongside the Fourmile project — continues to progress toward the targeted year-end completion.
The post <a href="https://blockonomi.com/barrick-gold-b-stock-surges-3-on-stellar-q1-results-and-3b-buyback-plan/" rel="noopener noreferrer nofollow">Barrick Gold (B) Stock Surges 3% on Stellar Q1 Results and $3B Buyback Plan</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Barrick Gold (B) Stock Surges 3% on Stellar Q1 Results and $3B Buyback Plan

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