- Here is Why Barrick Mining (B) is One of the Best Canadian Gold Stocks
May 13, 2026
Barrick Mining Corporation (NYSE:B) is one of the best Canadian gold stocks to buy right now. On May 11, Barrick Mining outperformed its Q1 guidance, producing 719,000 ounces of gold and 49,000 tonnes of copper. This strong operational execution, combined with high realized gold prices, fueled a 111% year-on-year increase in operating cash flow to $2.55 billion and a 195% surge in attributable free cash flow to $1.21 billion. Net EPS rose to $0.96, a 256% increase from the prior-year period, driven by standout performances at Nevada Gold Mines/NGM, Veladero, and Loulo-Gounkoto.
The company’s financial strength prompted the declaration of a $0.175 per share quarterly dividend and the announcement of a new $3.0 billion share buyback program. Barrick also confirmed that the planned IPO for its North American gold assets is on track for completion by the end of 2026. Major growth projects reached key milestones during the quarter, including construction progress at the Lumwana Super Pit expansion and accelerated resource definition drilling at the Fourmile project in Nevada.Here is Why Barrick Mining (B) is One of the Best Canadian Gold Stocks
Barrick Mining Corporation (NYSE:B) now remains on track to meet its full-year 2026 production guidance of 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper. Gold production is expected to increase sequentially throughout the year, with Q2 output projected between 730,000 and 770,000 ounces. While royalties and inflationary pressures impacted year-on-year costs, the company reported that gold costs per ounce for the quarter remained better than its internal plan due to mining and processing efficiencies.
Barrick Mining Corporation (NYSE:B) is a Canadian mineral properties company that explores for gold, copper, silver, and energy materials. The company was founded in 1983.
While we acknowledge the potential of B as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
View Comments
- Barrick Mining Corp (B) Stock Up 6.3% but GF Value Says Overvalued -- GF Score: 82/100
May 12, 2026 · gurufocus.com
On May 12, 2026, Barrick Mining Corp (B) shares rose 6.3% to a current price of $45.85. This increase comes amid a 52-week range of $17.41 to $54.69, showcasing
- Barrick Mining Maintained at Buy at Stifel Canada After Q1 Results; Price Target Kept at C$95.00
May 12, 2026
Stifel Canada on Tuesday maintained its buy rating on the shares of Barrick Mining (ABX.TO, B) and i
PREMIUM
Upgrade to read this MT Newswires article and get so much more.
A Silver or Gold subscription plan is required to access premium news articles.
Upgrade
Already have a subscription? Sign in
- Company News for May 12, 2026
May 12, 2026
Barrick Mining Corporation’s B shares jumped 9% after reporting first-quarter 2026 adjusted earnings of 98 cents per share, beating the Zacks Consensus Estimate of 74 cents. Shares of Kodiak Gas Services, Inc. KGS gained 8.4% after reporting first-quarter fiscal 2026 revenues of $345.8 million, beating the Zacks Consensus Estimate of $340 million. Circle Internet Group’s CRCL shares soared 15.9% after reporting first-quarter 2026 adjusted earnings of 21 cents per share, beating the Zacks Consensus Estimate of 15 cents. Shares of Southwest Airlines Co. LUV fell 3.2% as airline stocks slid on rising energy prices.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
Barrick Mining Corporation (B) : Free Stock Analysis Report
Kodiak Gas Services, Inc. (KGS) : Free Stock Analysis Report
Circle Internet Group, Inc. (CRCL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- Can AEM's Growth Pipeline Fuel Its Next Production Upside?
May 12, 2026
Agnico Eagle Mines Limited AEM is progressing with its growth projects, which are poised to boost production and cash flow. Backed by strong liquidity and robust cash generation, the company remains well-positioned to maintain an extensive exploration program while fully funding its portfolio of development projects.
AEM is advancing with its key value drivers and pipeline projects, including the Odyssey project in the Canadian Malartic Complex, Detour Lake, Hope Bay, Upper Beaver and San Nicolas. The Hope Bay project, with proven and probable mineral reserves of 3.4 million ounces, is expected to play a significant role in generating cash flow in the coming years. AEM advanced site preparations for a potential project redevelopment in the first quarter of 2026, with a potential decision expected this month.
At Canadian Malartic, Agnico Eagle is advancing the transition to underground mining with the construction of the Odyssey mine and executing other opportunities to beef up annual production. Production from East Gouldie commenced from the ramp in the first quarter.
Drilling at the Marban deposit, added through the acquisition of O3 Mining, focuses on mineral reserve and mineral resource expansion. AEM also continued to work on a feasibility study at San Nicolas. At Detour Lake, AEM advanced the development of the exploration ramp during the first quarter. Development activities advanced at Upper Beaver, which has the potential to produce 200,000-225,000 ounces of gold and 3,600 tons of copper annually.
AEM’s robust pipeline of growth projects is expected to drive the company’s next stage of production growth and earnings strength. As these projects advance, Agnico Eagle is positioned to enter a new phase of low-cost, long-life production. With significant capital investments already made and most projects progressing on schedule, successful execution should enhance operational flexibility, raise throughput capacity and extend mine life, ultimately creating stronger long-term shareholder value.
Among its peers, Newmont Corporation NEM continues to invest in growth projects in a calculated manner. Newmont is pursuing several projects, including the Cadia Panel Caves and Tanami Expansion 2 in Australia. These projects should expand production capacity and extend mine life, driving Newmont’s revenues and profits.
Barrick Mining Corporation B also remains on track with its slate of high-return growth projects. Barrick’s major gold and copper growth projects, such as Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile and Lumwana Super Pit, are being executed. These projects are advancing on schedule and within budget, laying the groundwork for the next generation of profitable production for Barrick.
Story Continues
The Zacks Rundown for AEM
Agnico Eagle’s shares have gained 16.1% year to date compared with the Zacks Mining – Gold industry’s rise of 8.1%.Zacks Investment Research
Image Source: Zacks Investment Research
From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 14.96, a roughly 29.2% premium to the industry average of 11.58X. It carries a Value Score of D.Zacks Investment Research
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AEM’s 2026 and 2027 earnings implies a year-over-year rise of 58.1% and 1.5%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days.Zacks Investment Research
Image Source: Zacks Investment Research
AEM stock currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Newmont Corporation (NEM) : Free Stock Analysis Report
Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report
Barrick Mining Corporation (B) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- Barrick Mining's Q1 Earnings and Sales Beat on Higher Gold Prices
May 12, 2026
Barrick Mining Corporation B recorded profits (on a reported basis) of $1,602 million or 96 cents per share for first-quarter 2026, up from $474 million or 27 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 98 cents. The figure beat the Zacks Consensus Estimate of 74 cents.
Barrick recorded total sales of $5,218 million, up 67% year over year. The metric surpassed the Zacks Consensus Estimate of $4,533.5 million.
Barrick Mining Corporation Price, Consensus and EPS SurpriseBarrick Mining Corporation Price, Consensus and EPS Surprise
Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote
B’s Operational Highlights
Total gold production was 719,000 ounces in the reported quarter, down around 5.1% year over year. The figure beat the Zacks Consensus Estimate of 655,000 ounces. The average realized price of gold was $4,823 per ounce in the quarter, up around 66.4%.
The cost of sales increased around 18% year over year to $1,922 per ounce. All-in-sustaining costs (AISC) moved down 4% to $1,708 per ounce in the quarter.
B’s Financial Position
At the end of the quarter, Barrick had cash and cash equivalents of $7,131 million, up 74% from the prior-year quarter. The company’s total debt was $4,726 million at the end of the quarter, essentially flat year over year.
The operating cash flow was $2.55 billion for the quarter, whereas the free cash flow was $1.58 billion.
B’s Guidance
For 2026, Barrick anticipates attributable gold production to be in the range of 2.9-3.25 million ounces. For the second quarter of 2026, gold production is expected to be in the range of 730,000-770,000 ounces.
AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects to see a cost of sales of $1,870-$2,070 per ounce.
Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026.
Barrick’s Price Performance
B’s shares have gained 158.8% in the past year compared with the industry’s 93.3% rise.Zacks Investment Research
Image Source: Zacks Investment Research
B’s Zacks Rank & Stocks to Consider
B currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN.
Story Continues
Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.78 per share, indicating 270.8% year-over-year growth. SQM has a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 76 cents per share. HWKN currently has a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
Barrick Mining Corporation (B) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- Barrick Mining's Q1 Earnings and Sales Beat on Higher Gold Prices
May 12, 2026 · zacks.com
B posted a Q1 profit surge as gold prices jumped, sales climbed 67% and adjusted earnings topped estimates.
- Barrick Mining (TSX:ABX) Valuation Check After Q1 Earnings Beat Buyback Plan And Dividend Announcement
May 12, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
Barrick Mining (TSX:ABX) is back in focus after first quarter 2026 earnings, reporting sales of US$5,218 million and net income of US$1,602 million, along with a quarterly dividend of US$0.175 and a US$3 billion share buyback program.
See our latest analysis for Barrick Mining.
The stock has reacted strongly to the earnings beat and new capital return plans, with a 9.06% 1 day share price return and 23.44% 7 day share price return. The 1 year total shareholder return of 159% points to powerful longer term momentum.
If you are looking beyond a single gold producer, this is a useful moment to scan other miners with leverage to precious metals through our 32 elite gold producer stocks
After a 159% 1 year total return, a CA$64.40 share price and a buyback that management says reflects exceptional value, the key question is simple: is Barrick Mining still undervalued or is the market already pricing in future growth?
Most Popular Narrative: 10.1% Undervalued
At a CA$64.40 share price versus a narrative fair value of about CA$71.61, the widely followed view suggests Barrick Mining still has headroom before valuations converge.
Significant ongoing expansion of both gold and copper production capacity, particularly at Lumwana and via organic growth at Fourmile and Reko Diq, positions Barrick to capture elevated long-term demand for gold (as a financial hedge during geopolitical uncertainty/inflation) and copper (driven by electrification and infrastructure investment), supporting top-line revenue growth over the coming decade.
Read the complete narrative.
Want to see what is behind that growth story and valuation gap? The narrative leans heavily on revenue build, margin resilience, and a future earnings multiple that is not excessive but still ambitious.
Result: Fair Value of CA$71.61 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, investors also need to weigh political and ESG pressures around key projects, as well as potential cost creep and delays at Reko Diq that could challenge the upbeat narrative.
Find out about the key risks to this Barrick Mining narrative.
Another View: Cash Flows Point to a Richer Price
While the narrative fair value of CA$71.61 suggests Barrick Mining is 10.1% undervalued, the Simply Wall St DCF model tells a different story. On that measure, the fair value is CA$49.10, which is below the current CA$64.40 share price. This raises the question of whether earnings assumptions are running ahead of cash flow reality.
Story Continues
For a closer look at how those projected cash flows are treated in the model, and where the gaps versus the narrative view come from, Look into how the SWS DCF model arrives at its fair value.ABX Discounted Cash Flow as at May 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Barrick Mining for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 6 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
If this mix of upbeat and cautious signals feels conflicting, consider acting promptly by reviewing the underlying data and deciding where you stand on the stock's potential 4 key rewards
Looking for more investment ideas?
If Barrick Mining has sharpened your focus on quality opportunities, do not stop here. Broaden your watchlist with ideas that match your style and risk comfort.
Target long term compounding potential by scanning a curated set of 6 high quality undervalued stocks that combine quality fundamentals with pricing that still looks reasonable. Lock in income-focused opportunities by reviewing 5 dividend fortresses that could help anchor your portfolio with reliable cash distributions. Protect your downside by filtering for 12 resilient stocks with low risk scores that may offer steadier returns when markets turn choppy.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ABX.TO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Barrick Mining Corp (B) Q1 2026 Earnings Call Highlights: Record Cash Flow and Strategic Growth ...
May 12, 2026
This article first appeared on GuruFocus.
Gold Production: 719,000 ounces, a 4% increase year-over-year. Copper Production: 49,000 tonnes, in line with the plan. Free Cash Flow: Increased 320% year-over-year to $1.6 billion. Net Cash: Ended the quarter with $2.4 billion. Adjusted Net Earnings: Rose 173% year-on-year. Attributable EBITDA: Increased 103% year-over-year. Attributable Free Cash Flow: Increased 195% year-over-year to $1.2 billion. Dividend: Quarterly dividend of $0.175 per share announced. Share Buyback: $3 billion share buyback authorized. Realized Gold Price: Increased 66% year-over-year. North American Assets EBITDA Contribution: Accounted for 57% of attributable EBITDA at a margin of nearly 70%. Other Regions EBITDA Margin: 65%.
Warning! GuruFocus has detected 4 Warning Signs with PRSO. Is B fairly valued? Test your thesis with our free DCF calculator.
Release Date: May 11, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Barrick Mining Corp (NYSE:B) reported a strong Q1 with gold production exceeding guidance and a 4% year-over-year increase. Free cash flow increased by 320% year-over-year to $1.6 billion, ending the quarter with $2.4 billion of net cash. The company advanced key growth projects, including the Lumwana expansion and the Fourmile project, both progressing ahead of schedule. Barrick Mining Corp (NYSE:B) announced a quarterly dividend of $0.175 per share and a $3 billion share buyback, reflecting strong financial performance. Operational improvements and cost discipline led to a substantial increase in earnings and cash flow, with attributable EBITDA doubling year-over-year.
Negative Points
Safety performance, although improved, still requires significant work, with too many near misses reported during the quarter. The Reko Diq project faces challenges, including contractor issues and security concerns, leading to a cautious approach before committing further capital. The company has been criticized for historically not delivering on commitments, although it has met its commitments for two consecutive quarters. There are ongoing discussions with Newmont regarding the integration of the Fourmile project into the joint venture, with no immediate resolution. Potential geopolitical risks in regions like Mali could impact operations, although no current disruptions have been reported.
Q & A Highlights
Q: Can you provide an update on the Reko Diq project, including CapEx guidance and holding costs? A: Mark Hill, President and CEO, explained that the budget remains intact, with ongoing contracts continuing during a 12-month review. The run rate for the review is about $20 million a month. The company is addressing contractor issues and security concerns with the Pakistan government. The decision to commit remaining CapEx will depend on resolving these issues and reassessing capital requirements.
Story Continues
Q: How does the new buyback program affect the dividend policy, and what is the cash target for capital returns? A: Helen Cai, CFO, clarified that the 50% attributable free cash flow policy for dividends remains unchanged and is independent of the buyback program. The company maintains a flexible stance on capital returns, with a $3 billion buyback program based on strong cash flow and balance sheet.
Q: What are the expectations for Nevada Gold Mines' performance in the coming quarters? A: Mark Hill noted that while Q1 performance was boosted by not pulling down inventory, the outlook for the year remains unchanged. Tim Cribb, COO, emphasized the focus on operating discipline and efficiency improvements, with plans in place for the rest of the year.
Q: Can you discuss the strategy for reducing high-risk exposure and potential asset divestments? A: Mark Hill stated that the company is focusing growth in stable regions with less interference. Non-core assets, like the minority stake in Porgera, are considered for divestment. The strategy aims to de-risk the portfolio and focus on core assets.
Q: What is the status of the North American IPO, and what documents are required? A: Mark Hill mentioned that the IPO is on track for late summer, with public access expected in the fall. Required documents include filings with the SEC and TSX, along with technical reports for Nevada Gold Mines, Fourmile, and Pueblo Viejo.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
View Comments
- Barrick Mining's Q1 Changed Everything (Review)
May 12, 2026 · seekingalpha.com
Barrick Gold Corp. (B) delivered a standout Q1, beating revenue and EPS estimates, with production and cost control exceeding expectations. B's $3 billion buyback and robust net cash position strengthen shareholder support and signal confidence in future performance. Production guidance remains unchanged, with sequentially higher gold output expected in Q2 and H2, and a pivotal North American asset IPO pending by end of 2026.
