Financials Barrick Mining Corporation

Equities

ABX

CA06849F1080

Gold

Market Closed - Toronto S.E. Other stock markets 21:00:00 06/02/2026 GMT			5-day change	1st Jan Change
61.75 ^CAD	+2.69%		-0.79%	+3.28%

02-06	UBS Adjusts Price Target on Barrick Mining to $55 From $59, Maintains Buy Rating	MT
02-06	RBC Keeps Barrick Gold's Outperform Rating, US$53 Price Target	MT

Projected Income Statement: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	11,985	11,013	11,397	12,922	16,956	21,575	22,778	23,307
Change	-	-8.11%	3.49%	13.38%	31.22%	27.24%	5.57%	2.33%
EBITDA ¹	7,258	5,613	5,474	7,005	11,312	13,927	16,433	16,204
Change	-	-22.66%	-2.48%	27.97%	61.48%	23.12%	17.99%	-1.39%
EBIT ¹	5,156	3,616	3,431	5,090	9,406	12,424	13,784	13,314
Change	-	-29.87%	-5.12%	48.35%	84.79%	32.09%	10.94%	-3.41%
Interest Paid ¹	-355	-301	-170	-232	-	-194	-172.4	-108.3
Earnings before Tax (EBT) ¹	4,632	1,681	2,814	4,608	8,805	13,280	14,246	13,864
Change	-	-63.71%	67.4%	63.75%	91.08%	50.83%	7.27%	-2.68%
Net income ¹	2,022	432	1,272	2,144	4,993	6,178	6,609	6,919
Change	-	-78.64%	194.44%	68.55%	132.88%	23.73%	6.99%	4.68%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	2,956	2,893	2,826	3,310	2,853	2,859	2,527	2,774	2,643	2,833	2,862	3,059	2,747	3,162	3,368	3,645	3,130	3,681	4,148	5,997	5,151	5,350	5,531	6,446	6,398	6,279	6,161	5,797
Change	-	-2.13%	-2.32%	17.13%	-13.81%	0.21%	-11.61%	9.77%	-4.72%	7.19%	1.02%	6.88%	-10.2%	15.11%	6.51%	8.22%	-14.13%	17.6%	12.69%	44.58%	-14.1%	3.86%	3.39%	16.54%	-0.74%	-1.85%	-1.89%	-5.9%
EBITDA ¹	1,800	1,719	1,669	2,070	1,645	1,527	1,155	1,286	1,183	1,368	1,464	1,459	1,266	1,717	1,773	2,249	1,829	2,317	2,856	4,310	3,906	4,032	4,291	4,425	4,578	4,452	4,325	3,962
Change	-	-4.5%	-2.91%	24.03%	-20.53%	-7.17%	-24.36%	11.34%	-8.01%	15.64%	7.02%	-0.34%	-13.23%	35.62%	3.26%	26.85%	-18.67%	26.68%	23.26%	50.91%	-9.38%	3.24%	6.42%	3.12%	3.46%	-2.76%	-2.84%	-8.4%
EBIT ¹	1,293	1,219	1,131	1,513	1,185	1,051	698	682	688	888	960	895	792	1,237	1,296	1,765	1,418	1,881	2,396	3,711	3,543	3,775	3,912	3,943	4,139	4,010	3,880	3,515
Change	-	-5.72%	-7.22%	33.78%	-21.68%	-11.31%	-33.59%	-2.29%	0.88%	29.07%	8.11%	-6.77%	-11.51%	56.19%	4.77%	36.19%	-19.66%	32.65%	27.38%	54.88%	-4.53%	6.57%	3.62%	0.78%	4.97%	-3.12%	-3.22%	-9.43%
Charge d'intérêts ¹	-87	-91	-93	-84	-88	-89	-	-	-58	-44	-52	-16	-31	-51	-82	-68	-62	-58	-43	-	-70	-80	-80	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,204	1,128	935	1,456	1,007	996	625	-947	474	766	803	771	661	1,041	1,025	1,881	1,059	1,358	2,381	4,007	3,417	3,655	3,804	3,848	4,057	3,933	3,821	3,472
Change	-	-6.31%	-17.11%	55.72%	-30.84%	-1.09%	-37.25%	-251.52%	150.05%	61.6%	4.83%	-3.99%	-14.27%	57.49%	-1.54%	83.51%	-43.7%	28.23%	75.33%	68.29%	-14.73%	6.98%	4.08%	1.15%	5.44%	-3.05%	-2.85%	-9.14%
Net income ¹	538	411	347	726	-	-	-	-735	120	305	368	479	295	370	483	996	474	811	1,302	2,406	1,686	1,812	1,898	1,921	2,065	2,004	1,955	1,785
Change	-	-23.61%	-15.57%	109.22%	-	-	-	-	116.33%	154.17%	20.66%	30.16%	-38.41%	25.42%	30.54%	106.21%	-52.41%	71.1%	60.54%	84.79%	-29.94%	7.5%	4.72%	1.24%	7.47%	-2.94%	-2.44%	-8.67%
Announcement Date	05/05/21	09/08/21	04/11/21	16/02/22	04/05/22	08/08/22	03/11/22	15/02/23	03/05/23	08/08/23	02/11/23	14/02/24	01/05/24	12/08/24	07/11/24	12/02/25	07/05/25	11/08/25	10/11/25	05/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-130	342	578	655	-	-3,245	-5,507	-7,966
Change	-	363.08%	69.01%	13.32%	-	-	-69.71%	-44.65%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2026	2027	2028
CAPEX ¹	2,435	3,049	3,086	3,174	4,983	4,446	4,859
Change	-	25.22%	1.21%	2.85%	-	-10.77%	9.28%
Free Cash Flow (FCF) ¹	1,943	432	646	1,317	5,667	6,534	6,884
Change	-	-77.77%	49.54%	103.87%	-	15.3%	5.35%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	60.56%	50.97%	48.03%	54.21%	66.71%	64.55%	72.14%	69.52%
EBIT Margin (%)	43.02%	32.83%	30.1%	39.39%	55.47%	57.59%	60.52%	57.12%
EBT Margin (%)	38.65%	15.26%	24.69%	35.66%	51.93%	61.55%	62.54%	59.48%
Net margin (%)	16.87%	3.92%	11.16%	16.59%	29.45%	28.63%	29.02%	29.69%
FCF margin (%)	16.21%	3.92%	5.67%	10.19%	-	26.27%	28.69%	29.53%
FCF / Net Income (%)	96.09%	100%	50.79%	61.43%	-	91.73%	98.86%	99.49%
Profitability
ROA	4.42%	2.86%	2.77%	4.59%	-	12.09%	13.22%	10.75%
ROE	8.75%	5.69%	5.52%	9%	-	20.11%	19.12%	16.56%
Financial Health
Leverage (Debt/EBITDA)	-	0.06x	0.11x	0.09x	-	-	-	-
Debt / Free cash flow	-	0.79x	0.89x	0.5x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	20.32%	27.69%	27.08%	24.56%	-	23.1%	19.52%	20.85%
CAPEX / EBITDA (%)	33.55%	54.32%	56.38%	45.31%	-	35.78%	27.06%	29.99%
CAPEX / FCF (%)	125.32%	705.79%	477.71%	241%	-	87.94%	68.05%	70.59%
Items per share
Cash flow per share ¹	2.461	1.966	2.126	2.565	-	5.835	5.801	5.613
Change	-	-20.13%	8.16%	20.64%	-	-	-0.57%	-3.24%
Dividend per Share ¹	0.37	0.65	0.4	0.4	-	0.6662	0.8767	0.8
Change	-	75.68%	-38.46%	0%	-	-	31.6%	-8.75%
Book Value Per Share ¹	13.41	12.97	13.3	13.87	-	18.9	21.6	24.95
Change	-	-3.27%	2.49%	4.34%	-	-	14.27%	15.54%
EPS ¹	1.14	0.24	0.72	1.22	2.93	4.063	3.954	4.184
Change	-	-78.95%	200%	69.44%	140.16%	38.67%	-2.69%	5.83%
Nbr of stocks (in thousands)	1,779,286	1,758,285	1,755,523	1,748,049	1,687,434	1,687,434	1,687,434	1,687,434
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-