Northwire Canada EditionSunday, September 20, 2026
Northwire
GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Earnings Neutral

Barrick to Report First Quarter 2026 Results on May 11

Barrick Q1 Preview: Cash Flow Strength Offsets Reko Diq Headwinds

Executive Summary
  • The most recent release (April 10, 2026) announces that Barrick will report First Quarter 2026 financial results on May 11, 2026.
  • A live webcast and presentation with management are scheduled for May 11 at 11:00 AM ET.
  • Presentation materials will be available on the company website prior to the event.
  • Historical news from April 8, 2026 confirms a legal victory in Ontario regarding human rights claims related to the North Mara mine in Tanzania, dismissing an appeal and upholding that the case must be adjudicated in Tanzania.
  • News from April 2, 2026 details a significant operational update on the Reko Diq project: development is slowing due to security risks in Pakistan, internal review extended through mid-2027, and potential for "significant increases" to capital costs ($5.6-$6.0bn Phase 1) and timeline extensions (first production end-2028 target may slip).
  • Historical context from February 2026 shows a new dividend policy targeting 50% of attributable free cash flow, with Q4 2025 dividend increased to $0.42 per share.
  • Significant asset divestitures completed in late 2025 (Hemlo, Tongon, Alturas) totaling over $2 billion in proceeds have strengthened the balance sheet.
Material Impact
  • The most recent news (April 10 earnings announcement schedule) is administrative and Routine - Neutral; it does not contain new financial data or operational surprises itself.
  • However, the context provided by the April 2 Reko Diq update is Material - Negative for long-term growth expectations. A slowdown on a $9 billion+ project with security risks introduces execution uncertainty and potential cost overruns that could impact future free cash flow guidance.
  • The legal win in Tanzania (April 8) removes a lingering reputational risk, which is positive but likely already priced into the stock given the resolution timeline.
  • The strong shareholder return program (dividends + buybacks) established in early 2026 provides a floor for valuation despite project delays.
  • The market has already reacted to the Reko Diq news and broader macro factors, with the stock correcting from its January high of $71.86 to a March low of $52.43 before recovering slightly to current levels around $58.73.
ABX · Price
Company Overview
  • Company: Barrick Mining Corporation (formerly Barrick Gold Corp., NYSE ticker 'B', TSX ticker 'ABX').
  • Flagship Projects:
    • Nevada Gold Mines (Joint Venture): Major gold producer in the USA.
    • Pueblo Viejo (Dominican Republic): High-grade gold mine, part of potential IPO subsidiary.
    • Reko Diq (Pakistan): Large copper-gold project currently under review due to security risks; Phase 1 capital costs estimated at $5.6-$6.0 billion.
    • Lumwana (Zambia): Tier-1 copper mine with expansion underway.
    • Kibali (DRC): Major gold operation, recently resolved legal disputes with Mali government affecting Loulo-Gounkoto.
  • Operations: Global footprint across Africa, Americas, and Asia-Pacific.
Read the original news release →

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