Barrick Gold reports Q2 2026 results, $4 billion Newmont agreement

Barrick Gold (TSX: ABX ) held its second-quarter earnings conference call on Monday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit Access the full call at Summary Barrick Mining Corporation announced a $4 billion agreement with Newmont, including contributions of Newmont's properties and resolving historical disputes, aimed at aligning interests and unlocking shareholder value.

The company reported strong financial performance with Q2 gold production of 796,000 ounces, exceeding guidance by 3% and achieving an 11% increase over Q1.

Copper production was also robust at 56,000 tonnes.

Adjusted earnings per share were $0.82, aligning with Bloomberg consensus, while net earnings rose by 50% year over year to $1.2 billion.

The company is advancing its IPO for North American gold assets, expected to complete by year-end, with Mark Hill selected to lead the new company as CEO.

Safety remains a top priority, with a reduction in frequency rate but ongoing challenges with six lost-time incidents reported.

Capital allocation focuses on managing the balance sheet, investing in assets for growth, and returning capital to shareholders, with $1.2 billion of share repurchases completed this quarter.

Future guidance remains positive with expectations for higher gold and copper production in the second half of the year, maintaining cost guidance.

Operational highlights include the ramp-up of the Lumwana concentrator and progress on growth projects like Fourmile and the PV expansion, which are on time and budget.

The company is exploring further efficiencies and growth opportunities outside North America, leveraging partnerships and existing infrastructure.

Full Transcript OPERATOR Welcome to Barrick Mining Corp second quarter 2026 results presentation.

This time all participants are in listen-only mode.

As a reminder, this event is being recorded and a replay will be available on Barrick Mining Corp'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 of 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, Barrick Mining Corp's President and CEO, and Helen Kye, Senior EVP and CFO.

Other members of Barrick Mining Corp'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 Barrick Mining Corp'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.

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

Steel.

So before we share our full quarterly results, I want to begin with the agreement with Newmont we announced today.

And actually I want to go off script straight away to make the lawyers nervous here.

So I want to clarify a few misconceptions here.

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

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