Barrick Gold announces $1 special dividend after quarterly results

Barrick Gold (NYSE: GOLD ) held its fourth-quarter earnings conference call on Wednesday.

Below is the complete transcript from the call.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

View the webcast at Summary Barrick Gold reported a near doubling of quarterly revenues to $5 billion, driven by acquisitions and higher average selling prices, resulting in a 35% increase in gross profit.

The company highlighted successful strategic partnerships, notably with Tether, contributing to increased demand and profitability in their secured lending segment.

Operational highlights included the acquisition of Sunshine Mint, enhancing production capacity and positioning Barrick Gold to meet growing demand from sovereign mints.

Despite a slowdown in demand beginning mid-March, Barrick Gold continues to focus on leveraging strategic investments and exploring new distribution channels in numismatics and collectibles.

The company announced a special dividend of $1 per share, reflecting confidence in future growth and a commitment to shareholder returns.

Full Transcript Matthew, Operator Good afternoon and welcome to Barrick Gold's conference call for the fiscal fourth quarter ended June 30, 2026.

My name is Matthew, and I'll be your operator.

This afternoon, before this call, Barrick Gold issued its results for the fiscal fourth quarter and full year 2026 in a press release, which is available in the Investor Relations section of the company's website at You can find the link in the Investor Relations section at the top of the home page.

Joining us for today's call are Barrick Gold CEO Greg Roberts, President Thor Gjerdrum, and CFO Kerry Dickson.

Following their remarks, we'll open the call for your questions.

Then, before we conclude the call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call.

I'd like to remind everyone that this call is being recorded and will be made available for replay via a link available in the Investor Relations section of Barrick Gold's website.

Now I'd like to turn the call over to Barrick Gold CEO, Mr.

Greg Roberts.

Sir, please proceed.

Greg Roberts, CEO Thank you, Matthew, and good afternoon to everyone.

Thank you for joining our call today.

Our fourth quarter results reflect our strategic execution and further demonstrate our strong value proposition as we continue leveraging the breadth of our capabilities across our fully integrated platform.

Our results are reflective of the economic and geopolitical environment after precious metal prices retreated from the historical high levels we experienced in Q3.

Revenues for our quarter nearly doubled to $5 billion compared to the prior year, driven in part by acquisitions, and we are pleased to deliver a 35% increase in gross profit along with net income of $12 million and earnings per diluted share of $0.41.

In our direct-to-consumer segment, the increase in revenues was driven by higher average order values as well as our acquisition of Monax in January.

We continue to be encouraged by the performance of Monx since the acquisition.

JM Bullion continues to perform well, and we are also seeing meaningful productivity improvements from key technology initiatives around AI as well as increasing mobile adoption.

Growth in the wholesale sales and ancillary services segment was broad-based across businesses and geographies, reflecting continued interest in precious metals and an expanding customer base.

Our strategic partnership with Tether, now several months into execution, continues to translate into tangible results across the business.

We are seeing increased demand for secured lending driven by our marketing efforts and expanded interest by owners in borrowing against their bullion and collectible portfolios.

Our secured lending segment delivered improved profitability in the current quarter compared to the prior year.

The growth in our storage and secured lending business enables us to forge deeper, more durable relationships with our customers and drive incremental business across the most complete vertical stack in the industry.

As we continue to leverage the strategic investments we've made to build a vertically integrated model spanning the entire precious metals ecosystem, we are seeing an expanding set of opportunities with major retailers and institutional customers as well as new potential channels of distribution in numismatics and other collectibles.

These new channels represent an opportunity to expand our product portfolio into adjacent alternative asset categories where we are seeing significant interest and growth.

Our latest acquisitions are performing well, and we continue to make progress on integration efforts.

Our Sunshine Mint transaction we closed in April was a major milestone that significantly expands our total production capacity and creates a clear pathway to capturing additional value and market share globally.