Barrick Mining Corp
B—
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Barrick Mining Corp AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin 43.3% TTM vs industry median 0% - exceptional cost discipline in gold mining with 6.3B operating income on 14.6B revenue.[Operating Margin TTM]
- ROE 14.6% TTM vs industry median -4.2% - positive returns in sector where median miner destroys value.[ROE TTM]
- Debt/equity 0.19 with 5B cash vs 4.7B total debt - net cash position provides M&A optionality and downturn resilience.[Debt to Equity]
Watch Triggers
- Free Cash Flow TTM: Rises above 4B as capex normalizes — Would signal capex cycle completion and unlock dividend/buyback capacity
- Operating Margin TTM: Falls below 35% — Would indicate cost inflation or grade decline eroding competitive advantage
- Total Debt: Increases above 6B — Would signal M&A or project overruns threatening balance sheet strength
Bull Case
Industry-leading margins (43% operating vs 0% median) with fortress balance sheet (0.19 D/E, 5B cash) positions for gold price upside or distressed M&A.
Operating Margin TTMDebt to EquityCash and Equivalents
P/E 16.1x vs industry 27.7x median despite superior profitability - valuation discount to peers with better fundamentals.
PE RatioROE TTMNet Margin TTM
Bear Case
Gold price dependency - 24.5% net margin TTM vulnerable to commodity downturn; no pricing power in cyclical sector.
Net Margin TTMTotal Revenue TTM
Capex intensity remains high at 3.6B TTM (25% of revenue) - FCF conversion of 43% of operating cash flow lags peers.
Capital Expenditure TTMFree Cash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
60%
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Forward Thesis
FCF expansion likely as capex cycle matures - 3.6B capex TTM should decline as major projects complete.
1-3ymed
- Capex 25% of revenue vs 19% FCF margin
- PPE of 25.8B already built out
- Operating cash flow 6.4B provides runway
FCF 2.75B TTM despite heavy capexEBITDA 8.8B shows cash generation capacityWorking capital positive 5.9B
Valuation Context
Caveats
Public Strategies Rankings
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B Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Mining (except Oil and Gas)
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$73.16B | — | ||
$71.67B | — | ||
15 | — | ||
$16.96B | +31.2% | — | |
$2.93 | +151.7% | — | |
47.2% | +14.8% | — | |
29.5% | +12.9% | — | |
$3.87B | +193.7% | — | |
19.6% | +10.6% | — | |
Beta 5Y (Monthly) | unknown | — |
B Dividend History
116 dividends
2025
$1.325011/28/25$0.1750
11/19/25$0.2000
08/29/25$0.1500
07/18/25$0.2000
05/30/25$0.1000
04/15/25$0.2000
02/28/25$0.1000
01/14/25$0.2000
2024
$1.200011/29/24$0.1000
10/08/24$0.2000
08/30/24$0.1000
07/18/24$0.2000
05/31/24$0.1000
04/15/24$0.2000
02/28/24$0.1000
01/12/24$0.2000
2023
$2.200011/29/23$0.1000
10/06/23$0.2000
09/11/23$1.0000
08/30/23$0.1000
07/14/23$0.2000
05/30/23$0.1000
04/14/23$0.2000
02/27/23$0.1000
01/12/23$0.2000
2022
$1.800011/29/22$0.1500
10/06/22$0.2000
09/09/22$1.0000
08/30/22$0.2000
05/26/22$0.2000
02/25/22$0.0500
2021
$1.180011/29/21$0.0450
09/17/21$1.0000
08/30/21$0.0450
05/27/21$0.0450
02/26/21$0.0450
2020
$1.655011/27/20$0.0450
11/20/20$0.7500
09/18/20$0.7500
08/28/20$0.0400
05/28/20$0.0350
02/27/20$0.0350
2019
$2.755011/27/19$0.0250
08/29/19$0.0200
05/30/19$0.0200
01/02/19$2.6900
2018
$0.270012/27/18$0.0700
11/29/18$0.0300
08/30/18$0.0300
05/30/18$0.0300
02/27/18$0.0300
02/12/18$0.0800
2017
$0.440011/29/17$0.0300
11/22/17$0.0800
09/15/17$0.0800
08/29/17$0.0300
05/29/17$0.0300
05/11/17$0.0800
02/24/17$0.0300
02/06/17$0.0800
2016
$0.380011/28/16$0.0200
11/09/16$0.0700
09/15/16$0.0700
08/29/16$0.0400
05/26/16$0.0200
05/11/16$0.0700
02/25/16$0.0200
02/10/16$0.0700
2015
$0.340011/25/15$0.0200
11/10/15$0.0500
09/22/15$0.0500
08/27/15$0.0200
05/27/15$0.0500
05/12/15$0.0500
03/10/15$0.0500
02/25/15$0.0500
2014
$0.200011/25/14$0.0500
08/27/14$0.0500
05/28/14$0.0500
02/26/14$0.0500
2013
$0.500011/26/13$0.0500
08/28/13$0.0500
05/29/13$0.2000
02/26/13$0.2000
2012
$0.750011/28/12$0.2000
08/29/12$0.2000
05/29/12$0.2000
02/27/12$0.1500
2011
$0.510011/28/11$0.1500
08/29/11$0.1200
05/26/11$0.1200
02/24/11$0.1200
2010
$0.640011/26/10$0.1200
08/27/10$0.1200
05/26/10$0.4000
2009
$0.400011/25/09$0.2000
05/27/09$0.2000
2008
$0.600011/26/08$0.2000
11/25/08$0.2000
05/28/08$0.2000
2007
$0.300011/28/07$0.1500
05/29/07$0.1500
2006
$0.220011/28/06$0.1100
05/26/06$0.1100
2005
$0.220011/28/05$0.1100
05/26/05$0.1100
2004
$0.220011/26/04$0.1100
05/26/04$0.1100
2003
$0.220011/26/03$0.1100
05/28/03$0.1100
2002
$0.220012/04/02$0.1100
05/29/02$0.1100
2001
$0.220011/28/01$0.1100
05/29/01$0.1100
2000
$0.220011/28/00$0.1100
05/26/00$0.1100
B Stock Splits
1 stock split
06/07/221:2 split
B SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/27/26 | 12/31/25 | 40-F | |
02/05/26 | 12/31/25 | 6-K | |
11/10/25 | 09/30/25 | 6-K | |
08/11/25 | 06/30/25 | 6-K | |
05/07/25 | 03/31/25 | 6-K | |
03/14/25 | 12/31/24 | 40-F | |
11/07/24 | 09/30/24 | 6-K | |
08/12/24 | 06/30/24 | 6-K | |
05/02/24 | 03/31/24 | 6-K | |
03/15/24 | 12/31/23 | 40-F | |
11/02/23 | 09/30/23 | 6-K | |
08/08/23 | 06/30/23 | 6-K | |
05/03/23 | 03/31/23 | 6-K | |
03/17/23 | 12/31/22 | 40-F | |
11/04/22 | 09/30/22 | 6-K | |
08/08/22 | 06/30/22 | 6-K | |
05/05/22 | 03/31/22 | 6-K | |
03/18/22 | 12/31/21 | 40-F | |
11/05/21 | 09/30/21 | 6-K | |
08/09/21 | 06/30/21 | 6-K | |
05/05/21 | 03/31/21 | 6-K | |
03/19/21 | 12/31/20 | 40-F | |
11/06/20 | 09/30/20 | 6-K | |
08/11/20 | 06/30/20 | 6-K | |
05/06/20 | 03/31/20 | 6-K | |
03/26/20 | 12/31/19 | 40-F | |
11/06/19 | 09/30/19 | 6-K | |
08/12/19 | 06/30/19 | 6-K | |
05/09/19 | 03/31/19 | 6-K | |
03/22/19 | 12/31/18 | 40-F | |
10/25/18 | 09/30/18 | 6-K | |
07/26/18 | 06/30/18 | 6-K | |
04/24/18 | 03/31/18 | 6-K | |
03/26/18 | 12/31/17 | 40-F | |
10/27/17 | 09/30/17 | 6-K | |
07/27/17 | 06/30/17 | 6-K | |
04/26/17 | 03/31/17 | 6-K | |
03/24/17 | 12/31/16 | 40-F | |
10/27/16 | 09/30/16 | 6-K | |
07/28/16 | 06/30/16 | 6-K | |
04/27/16 | 03/31/16 | 6-K | |
03/28/16 | 12/31/15 | 40-F | |
10/29/15 | 09/30/15 | 6-K | |
08/06/15 | 06/30/15 | 6-K | |
04/28/15 | 03/31/15 | 6-K | |
03/30/15 | 12/31/14 | 40-F | |
10/31/14 | 09/30/14 | 6-K | |
08/01/14 | 06/30/14 | 6-K | |
05/01/14 | 03/31/14 | 6-K | |
03/31/14 | 12/31/13 | 40-F | |
10/31/13 | 09/30/13 | 6-K | |
08/02/13 | 06/30/13 | 6-K | |
04/25/13 | 03/31/13 | 6-K | |
03/28/13 | 12/31/12 | 40-F | |
11/02/12 | 09/30/12 | 6-K | |
07/27/12 | 06/30/12 | 6-K | |
05/03/12 | 03/31/12 | 6-K | |
03/28/12 | 12/31/11 | 40-F | |
11/01/11 | 09/30/11 | 6-K | |
07/29/11 | 06/30/11 | 6-K | |
04/28/11 | 03/31/11 | 6-K | |
03/31/11 | 12/31/10 | 40-F | |
10/29/10 | 09/30/10 | 6-K | |
07/30/10 | 06/30/10 | 6-K | |
04/29/10 | 03/31/10 | 6-K | |
03/29/10 | 12/31/09 | 40-F | |
11/02/09 | 09/30/09 | 6-K | |
07/31/09 | 06/30/09 | 6-K | |
07/08/09 | 03/31/09 | 6-KQ | -- |
03/30/09 | 12/31/08 | 40-F | |
09/30/08 | 09/30/08 | Unknown | -- |
06/30/08 | 06/30/08 | Unknown | -- |
03/31/08 | 03/30/08 | Unknown | -- |
03/28/08 | 12/31/07 | 40-F | |
09/30/07 | 09/30/07 | Unknown | -- |
06/30/07 | 06/30/07 | Unknown | -- |
03/31/07 | 03/31/07 | 6-K | |
04/02/07 | 12/31/06 | 6-K | |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/30/06 | Unknown | -- |
03/31/06 | 12/31/05 | 40-F | |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/30/05 | Unknown | -- |
03/31/05 | 12/31/04 | 40-F | |
09/30/04 | 09/30/04 | 6-K | |
06/30/04 | 06/30/04 | 6-K | |
03/31/04 | 03/30/04 | Unknown | -- |
05/19/04 | 12/31/03 | 40-F | |
09/30/03 | 09/30/03 | 6-K | |
06/30/03 | 06/30/03 | 6-K | |
03/31/03 | 03/30/03 | Unknown | -- |
05/16/03 | 12/31/02 | 40-F | |
09/30/02 | 09/30/02 | Unknown | -- |
06/30/02 | 06/30/02 | 6-K | |
03/31/02 | 03/30/02 | Unknown | -- |
04/29/02 | 12/31/01 | 20-F | |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/30/00 | Unknown | -- |