# Barrick Mining Q3 2026 Earnings Results

> Barrick Mining reports 41% higher adjusted net earnings per share as gold production rises.
- Title: Barrick Mining Q3 2026 Earnings Results · The Motley Fool
- Summary: Barrick Mining reports 41% higher adjusted net earnings per share as gold production rises.
- Keywords: barrick mining, q3 2026, earnings call, gold production, copper production, adjusted net earnings, share buybacks, lumwana expansion, north america, pueblo viejo, reko diq, barrick international
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/09/barrick-mining-b-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-09T22:38:36+00:00
- Read time: 1 min
- Topics: barrick mining, q3 2026, earnings call, gold production, copper production, adjusted net earnings, share buybacks, lumwana expansion, north america, pueblo viejo, reko diq, barrick international
## Q3 2026 Results
Barrick Mining reported third quarter results with $5.07 billion revenue, a 22% year-over-year increase.
## Adjusted Net Earnings
Adjusted net earnings reached $1.35 billion, or $0.82 per share, a 41% year-over-year increase.
## Gold Production
Gold production totaled 816,000 ounces, a 6% year-over-year increase excluding divested assets.
## Copper Production
Copper production reached 50,000 tonnes, meeting full-year guidance targets.
## Gold AISC
Gold AISC rose to $1,911 per ounce, a 24% year-over-year increase due to higher royalties and diesel prices.
## Copper AISC
Copper AISC increased to $4.52 per pound, impacted by diesel costs, currency appreciation, and higher royalties.
## Share Buybacks
Share buybacks totaled $761 million under the $3 billion repurchase authorization.
## Net Cash Position
Net cash increased to $900 million, up from $300 million in Q3 2025.
## Lumwana Expansion
Lumwana expansion investment reached $795 million of a $2 billion target.
## North America Production
North America gold production reached 497,000 ounces, supported by Goldrush ramp-up and record throughput.
## Barrick International Production
Barrick International produced 319,000 ounces, a 6% increase compared to Q2 2026.
## Safety Record
Recordable injury rate decreased to 0.71 from 0.77 in the previous quarter.
## Segment Margins
Nevada Gold Mines achieved 67% segment margins, Pueblo Viejo 72%.
## Full-Year Guidance
Full-year gold production guidance: 2.90 million to 3.25 million ounces; copper: 190,000 to 220,000 tonnes.
## Capital Expenditure
Attributable capital expenditure guidance: $3.8 billion to $4.2 billion, reduced at Reko Diq.
## North America IPO
North America IPO filing planned for November 2026, completion by late 2026 or early 2027.
## Key takeaway

Barrick Mining achieved $0.82 per share adjusted net earnings, a 41% year-over-year increase, driven by higher gold prices and operational execution.