Barrick increases share buyback program by $500M (U.S.)

Executive Summary

• Barrick Mining Corp. has approved a $500-million increase to its existing share repurchase program, bringing the total authorized amount to $1.5 billion.
• The company had already repurchased $1 billion of shares under the original $1 billion authorization established in February 2025, which was set to expire within 12 months.
• The additional authorization allows for further repurchases over the remaining term of the existing program, with the board to consider the size and scope of any 2026 program in February 2026.

Key Details

• Program Increase: The Board of Directors approved an additional $500 million for share repurchases.
• Total Authorization: The total authorized repurchase amount is now $1.5 billion ($1 billion original + $500 million increase).
• Original Program Status: The original $1 billion program was authorized in February 2025 for a 12-month term. As of September 30, 2025, Barrick had successfully repurchased the full $1 billion.
• Repurchase Methods: Repurchases may be made through published markets in the United States (e.g., NYSE) using open-market purchases or other means permitted by SEC rules.
• Pricing: Repurchases will occur at prevailing market prices.
• Discretionary Nature: The program does not obligate the company to acquire any specific number of shares and may be suspended or discontinued at any time.
• Decision Factors: The actual number and timing of purchases depend on financial performance, cash flow availability, capital investment opportunities, other shareholder returns, and debt reduction.
• Future Planning: The Board will evaluate the scope of any 2026 repurchase program during its meeting in February 2026.