On Monday, Barrick Mining Corporation (NYSE:B) reported strong first-quarter 2026 results and announced a new $3 billion share repurchase program, as higher production and stronger cash flow boosted earnings.

Strong Q1 Earnings And Cash Flow Growth

The mining company posted adjusted earnings of 98 cents per share, up 180% from a year earlier and ahead of Wall Street estimates of 69 cents per share. Revenue rose to $5.22 billion, topping analyst expectations of $3.89 billion.

Operating cash flow increased 111% year over year to $2.55 billion, while attributable free cash flow surged 195% to $1.21 billion.

Barrick also said its planned North American Barrick initial public offering remains on track for completion by the end of 2026.

Gold And Copper Production Performance

The company produced 719,000 ounces of gold during the quarter, exceeding guidance of 640,000 to 680,000 ounces, supported by strong performance from Nevada Gold Mines and Veladero, as well as continued ramp-up at Loulo-Gounkoto.

Gold cost of sales totaled $1,922 per ounce, while total ...