Barrick Mining says Q2 production beat guidance, cost guidance met

Barrick Mining (NYSE: B ) reported second-quarter financial results on Monday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Full Transcript OPERATOR Welcome to B second quarter 2026 results presentation.

At this time all participants are in listen-only mode.

As a reminder, this event is being recorded and a replay will be available on B's website later today.

I will now turn the call over to Emily Chang, Vice President of Investor Relations.

Please go ahead.

Emily Chang, Vice President, Investor Relations Thank you and good morning, everyone.

We hope you've had an opportunity to review the press releases issued before the markets opened this morning.

The presentation deck we'll review is also available to download on our website.

Presenting our results today are Mark Hill, B's President and CEO, and Helen Kye, Senior EVP and CFO.

Other members of B's management team will be available after our prepared remarks for Q&A.

Before we begin, please note that there will be forward-looking statements.

This slide includes a summary of the significant risks and factors that could affect B's future performance and our ability to deliver on those forward-looking statements.

This material is also available on our website.

With that, I'll turn it over to Mark.

Mark Hill, President and CEO Okay, thanks, Emily.

And good morning, everyone.

For those who don't know Emily, she is our new Vice President, Investor Relations, and joins us from U.S.

Steel.

Before we share our full quarterly results, I want to begin with the agreement with Newmont we announced today, and I want to go off script straight away to make the lawyers nervous here.

I want to clarify a few misconceptions.

Firstly, the total value of that package is approximately $4 billion.

It includes the proportion of formal, but it also includes contribution of Newmont's properties, Mike and Fibre Line, which had, I think, around 6.4 million ounces as well.

It is also the cost of resolving historical disputes and litigation between the joint venture partners, and it also reduces the friction costs of the planned IPO, which will unlock even greater value for the shareholders beyond the cash proceeds from the transaction.

And as we've said, they will be largely returned to the shareholders.

We reached this agreement after four months of negotiations.

It now enables us to focus on delivering value through safely and consistently producing ounces, and our interests now are completely aligned as joint venture partners, which is critical.

I want to thank our counterparts at Newmont, Natasha and her team, and of course everyone on the B team for the enormous amount of effort and work that's gone into this over the last four months to reach this agreement.

Before I get into the results, there are a couple of other things I would like to highlight, which I think are key strengths that have come out with B over the last nine months.

First, our leadership team.

Over the last 10 months we've improved the operational performance across the entire business, thanks to the strength of our operating insight teams—our GMs and everyone right down through to the mining front.

We've also strengthened our relationship with Newmont, as we just said, positioning us well to grow and develop NGM further, which is critical.

Second, with the IPO, we're building the only major American pure gold company with high-quality, long-life assets.

This is exactly what investors, including some of the world's fastest-growing sources of capital, are looking for.