Tearsheet

Barrick Mining (B)

Market Price (11/5/2025): $31.55 | Market Cap: $54.1 Bil
Sector: Materials | Industry: Gold

Barrick Mining (B)

Market Price (11/5/2025): $31.55
Market Cap: $54.1 Bil
Sector: Materials
Industry: Gold

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39%
2	Low stock price volatility Vol 12M is 37%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39%
2	Low stock price volatility Vol 12M is 37%

Market Valuation & Key Metrics

	11/5/25	2024	2023	2022	2021
Share Price CYE	$31.55	$15.24	$17.38	$16.11	$17.37
Market Cap CYE ($ Bil)	54.1	26.6	30.5	28.3	30.9
Total Debt ($ Bil)	0.0	5.3	5.2	5.3	5.5
Total Cash ($ Bil)	0.0	4.1	4.1	4.4	5.3
Enterprise Value ($ Bil)	0.0	31.9	35.7	33.6	36.4
Valuation Ratios
P/S TTM	3.9	2.1	2.8	2.8	2.8
P/EBIT TTM	9.5	5.4	10.0	15.1	6.8
P/E TTM	19.6	12.7	25.0	70.4	16.7
Sector Ratios
P/S TTM (Sector)	1.4	1.2	1.3	1.1	1.5
P/EBIT TTM (Sector)	6.1	6.3	6.6	4.8	5.7
P/E TTM (Sector)	2.1	5.5	7.5	4.6	6.9

	11/5/25	2024	2023
Share Price CYE	$31.55	$15.24	$17.38
Market Cap CYE ($ Bil)	54.1	26.6	30.5
Total Debt ($ Bil)	0.0	5.3	5.2
Total Cash ($ Bil)	0.0	4.1	4.1
Enterprise Value ($ Bil)	0.0	31.9	35.7
Valuation Ratios
P/S TTM	3.9	2.1	2.8
P/EBIT TTM	9.5	5.4	10.0
P/E TTM	19.6	12.7	25.0
Sector Ratios
P/S TTM (Sector)	1.4	1.2	1.3
P/EBIT TTM (Sector)	6.1	6.3	6.6
P/E TTM (Sector)	2.1	5.5	7.5

	B	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	13.8
Rev Chg Q	16.4%	6.6%
Rev Chg LTM	16.9%	5.6%
Rev Chg 3Y Avg	5.9%	5.3%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	5.4
CFO LTM ($ Bil)	�
Net Inc LTM ($ Bil)	2.8
Op Mgn LTM	38.7%	18.8%
Net Inc Mgn	20.0%	12.8%
VALUATION	MODERATE
P/S	3.9	3.2
P/E	19.6	23.7
STABILITY	VERY GOOD
Debt/Equity	0.00	0.21

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B Stock

Return (1M):

Factor Drivers of Stock Movement

The 41.3% change in B stock from 8/5/2025 to 11/4/2025 was primarily driven by a 18.1% change in the company's P/E Multiple.

	8052025	11042025	Change
Stock Price ($)	22.41	31.67	41.31%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	13305.00	13824.00	3.90%
Net Income Margin (%)	17.46%	19.99%	14.52%
P/E Multiple	16.64	19.66	18.15%
Shares Outstanding (Mil)	1725.00	1716.00	0.52%
Cumulative Contribution			41.31%

LTM = Last Twelve Months as of date shown

The 66.5% change in B stock from 5/6/2025 to 11/4/2025 was primarily driven by a 27.2% change in the company's P/E Multiple.

	5062025	11042025	Change
Stock Price ($)	19.02	31.67	66.51%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	12922.00	13824.00	6.98%
Net Income Margin (%)	16.59%	19.99%	20.51%
P/E Multiple	15.45	19.66	27.23%
Shares Outstanding (Mil)	1742.00	1716.00	1.49%
Cumulative Contribution			66.48%

LTM = Last Twelve Months as of date shown

The 71.4% change in B stock from 11/4/2024 to 11/4/2025 was primarily driven by a 56.4% change in the company's Net Income Margin (%).

	11042024	11042025	Change
Stock Price ($)	18.48	31.67	71.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	11830.00	13824.00	16.86%
Net Income Margin (%)	12.78%	19.99%	56.44%
P/E Multiple	21.45	19.66	-8.35%
Shares Outstanding (Mil)	1755.00	1716.00	2.22%
Cumulative Contribution			71.27%

LTM = Last Twelve Months as of date shown

The 140.1% change in B stock from 11/5/2022 to 11/4/2025 was primarily driven by a 59.6% change in the company's P/E Multiple.

	11052022	11042025	Change
Stock Price ($)	13.19	31.67	140.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	11549.00	13824.00	19.70%
Net Income Margin (%)	16.39%	19.99%	21.98%
P/E Multiple	12.32	19.66	59.61%
Shares Outstanding (Mil)	1768.00	1716.00	2.94%
Cumulative Contribution			139.91%

LTM = Last Twelve Months as of date shown

Why The Stock Moved

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
B Return	24%	-13%	-7%	8%	-12%	108%	103%
Peers Return	21%	25%	-3%	15%	-28%	24%	50%
S&P 500 Return	16%	27%	-19%	24%	23%	15%	112%
Monthly Win Rates [3]
B Win Rate	42%	58%	50%	67%	33%	90%
Peers Win Rate	47%	45%	37%	40%	35%	57%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
B Max Drawdown	-15%	-21%	-30%	-16%	-22%	-0%
Peers Max Drawdown	-41%	-7%	-24%	-15%	-32%	-16%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CMC, CLF, WOR, CMP, NAMM. See B Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/4/2025 (YTD)

How Low Can It Go

Unique Key	Event	B	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-48.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	95.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1023 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-28.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	40.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	27 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-52.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	110.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	526 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-66.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	195.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	767 days	1480 days

Compare to CMC, CLF, WOR, CMP, NAMM

In The Past

Barrick Mining's stock fell -48.8% during the 2022 Inflation Shock from a high on 4/13/2022. A -48.8% loss requires a 95.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Barrick Mining (B)

Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in transportation and industrial applications. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies for turbine engines; and nacelles and structures for commercial and defense-related aircraft. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and defense market; and manufactures and delivers aerospace aftermarket spare parts. This segment serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

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Interactive Breakdown

Barrick Mining Interactive Breakdown Analysis

Better Bets than Barrick Mining (B)

	B	Better Performance than B
Metric	Value	Industry (Gold)
Rev Chg LTM	16.9%	NEM (26.6%), AEM (35.2%), FNV (18.1%), AU (54.6%), KGC (26.7%)
Rev Chg 3Y Avg	5.9%	NEM (23.9%), AEM (26.0%), AU (26.4%), KGC (29.1%), AGI (26.7%)
Op Mgn LTM	38.7%	NEM (43.5%), AEM (49.4%), FNV (68.3%), AGI (44.1%), RGLD (64.7%)
Total Yield	6.0%	NEM (9.6%), AU (8.1%), IAG (12.7%), EGO (7.4%), FSM (6.6%)

	B	Better Performance than B
Metric	Value	Sector (Materials)
Rev Chg LTM	16.9%	NEM (26.6%), AEM (35.2%), FNV (18.1%), AU (54.6%), KGC (26.7%)
Rev Chg 3Y Avg	5.9%	SCCO (7.1%), NEM (23.9%), AEM (26.0%), AU (26.4%), KGC (29.1%)
Op Mgn LTM	38.7%	SCCO (50.3%), NEM (43.5%), AEM (49.4%), FNV (68.3%), AGI (44.1%)
Total Yield	6.0%	NEM (9.6%), VALE (10.8%), AU (8.1%), MT (8.9%), NTR (9.3%)

	B	Better Performance than B
Metric	Value	All Other Sectors
Rev Chg LTM	16.9%	NVDA (71.6%), AVGO (28.0%), META (21.3%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg	5.9%	NVDA (92.0%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM	38.7%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), META (43.2%), LLY (43.0%)
Total Yield	6.0%	BRK-B (6.4%), JPM (6.6%), XOM (9.8%), JNJ (8.3%), BAC (7.4%)

		Best Bets In Materials Sector
	B	RGLD	USLM	CF	EXP	NEM	AXTA	GEF	SON	CCK	SSRM
What You Pay
P/E	19.7	24.7	24.3	10.6	15.1	12.0	13.0	17.3	6.3	11.8	26.7
P/EBIT	9.5	21.2	20.8	6.7	11.0	8.3	7.9	7.3	9.0	6.2	19.7
What You Get
Rev Chg Q	16.4%	20.4%	14.1%	20.2%	2.5%	20.0%	-2.4%	-2.6%	57.3%	4.2%	119.4%
Rev Chg LTM	16.9%	30.1%	20.3%	9.5%	1.5%	26.6%	-1.8%	18.5%	67.9%	3.3%	6.2%
Rev Chg 3Y Avg	5.9%	8.2%	17.8%	-12.4%	4.1%	23.9%	2.7%	-1.3%	7.8%	-2.1%	-1.2%
FCF/Rev 3Y Avg	�	10.2%	25.6%	21.3%	16.7%	13.8%	8.0%	6.1%	6.8%	7.6%	5.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	How Low Can Barrick Mining Stock Really Go?	Return
2	B's 16% One Month Pop Begs The Question: Is PTCT Better Instead?	Counter-Intuitive Comparisons
3	null
4	Better Bet Than B Stock: Pay Less Than Barrick Mining To Get More From CALM, SKYW
5	Barrick Mining (B) Debt Comparison	Financials
6	Barrick Mining (B) EBITDA Comparison	Financials
7	Barrick Mining (B) Operating Cash Flow Comparison	Financials
8	Barrick Mining (B) Net Income Comparison	Financials
9	Barrick Mining (B) Operating Income Comparison	Financials
10	Barrick Mining (B) Tax Expense Comparison	Financials
11	ARTICLES
12	Gold Or Silver? Pick Your Shine		November 4th, 2025
13	What’s Next For Barrick Mining Stock?		September 24th, 2025
14	Large Cap Stocks Trading At 52-Week High		September 6th, 2025
15	Large Cap Stocks Trading At 52-Week High		September 2nd, 2025
16	Large Cap Stocks Trading At 52-Week High		August 16th, 2025

	Title
0	DASHBOARDS
1	Gold Or Silver? Pick Your Shine
2	What’s Next For Barrick Mining Stock?
3	Large Cap Stocks Trading At 52-Week High
4	Large Cap Stocks Trading At 52-Week High
5	Large Cap Stocks Trading At 52-Week High
6	ARTICLES
7	How Low Can Barrick Mining Stock Really Go?
8	B's 16% One Month Pop Begs The Question: Is PTCT Better Instead?
9	null
10	Better Bet Than B Stock: Pay Less Than Barrick Mining To Get More From CALM, SKYW
11	Barrick Mining (B) Debt Comparison
12	Barrick Mining (B) EBITDA Comparison
13	Barrick Mining (B) Operating Cash Flow Comparison
14	Barrick Mining (B) Net Income Comparison
15	Barrick Mining (B) Operating Income Comparison
16	Barrick Mining (B) Tax Expense Comparison

Trade Ideas

Select past ideas related to B. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.5%	-2.5%	-2.5%
SLGN_10312025_Dip_Buyer_ValueBuy	10312025	SLGN	Silgan	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.6%	0.6%	0.0%
TGLS_10242025_Dip_Buyer_ValueBuy	10242025	TGLS	Tecnoglass	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.2%	-2.2%	-2.2%
NEM_10242025_Quality_Momentum_RoomToRun_10%	10242025	NEM	Newmont	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-2.1%	-2.1%	-5.7%
RGLD_10242025_Quality_Momentum_RoomToRun_10%	10242025	RGLD	Royal Gold	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-4.3%	-4.3%	-4.3%
B_5312017_Quality_Momentum_RoomToRun_10%	05312017	B	Barrick Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-14.9%	-19.6%	-30.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.5%	-2.5%	-2.5%
SLGN_10312025_Dip_Buyer_ValueBuy	10312025	SLGN	Silgan	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.6%	0.6%	0.0%
TGLS_10242025_Dip_Buyer_ValueBuy	10242025	TGLS	Tecnoglass	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.2%	-2.2%	-2.2%
NEM_10242025_Quality_Momentum_RoomToRun_10%	10242025	NEM	Newmont	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-2.1%	-2.1%	-5.7%
RGLD_10242025_Quality_Momentum_RoomToRun_10%	10242025	RGLD	Royal Gold	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-4.3%	-4.3%	-4.3%
B_5312017_Quality_Momentum_RoomToRun_10%	05312017	B	Barrick Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-14.9%	-19.6%	-30.5%

Recent Active Movers

1 Day Top Gainers

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Recent Active Movers

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Peer Comparisons for Barrick Mining

Financials

	B	CMC	CLF	WOR	CMP	NAMM	Median
Name	Barrick .	Commerci.	Clevelan.	Worthing.	Compass .	Namib Mi.
Mkt Price	31.67	56.52	10.68	54.91	16.91	1.68	24.29
Mkt Cap	54.3	6.3	5.3	2.7	0.7	-	5.3
Rev LTM	13,824	7,798	18,622	1,200	1,225	-	7,798
Op Inc LTM	5,351	520	-1,539	66	55	-	66
FCF LTM	-	312	-1,547	156	117	-	136
FCF 3Y Avg	-	542	141	291	-18	-	216
CFO LTM	-	715	-921	210	192	-	201
CFO 3Y Avg	-	986	804	362	99	-	583

Growth & Margins

	B	CMC	CLF	WOR	CMP	NAMM	Median
Name	Barrick .	Commerci.	Clevelan.	Worthing.	Compass .	Namib Mi.
Rev Chg LTM	16.9%	-1.6%	-6.8%	0.8%	7.3%	-	0.8%
Rev Chg 3Y Avg	5.9%	-4.3%	-7.2%	-2.7%	1.0%	-	-2.7%
Rev Chg Q	16.4%	5.9%	3.6%	18.0%	5.8%	-	5.9%
QoQ Delta Rev Chg LTM	3.9%	1.5%	0.9%	4.0%	1.0%	-	1.5%
Op Mgn LTM	38.7%	6.7%	-8.3%	5.5%	4.5%	-	5.5%
Op Mgn 3Y Avg	29.4%	9.5%	-1.9%	2.2%	6.4%	-	6.4%
QoQ Delta Op Mgn LTM	3.2%	0.7%	0.3%	1.1%	0.8%	-	0.8%
CFO/Rev LTM	-	9.2%	-4.9%	17.5%	15.7%	-	12.4%
CFO/Rev 3Y Avg	-	11.9%	3.6%	22.6%	8.1%	-	10.0%
FCF/Rev LTM	-	4.0%	-8.3%	13.0%	9.6%	-	6.8%
FCF/Rev 3Y Avg	-	6.5%	0.3%	17.8%	-1.8%	-	3.4%

Valuation

	B	CMC	CLF	WOR	CMP	NAMM	Median
Name	Barrick .	Commerci.	Clevelan.	Worthing.	Compass .	Namib Mi.
Mkt Cap	54.3	6.3	5.3	2.7	0.7	-	5.3
P/S	3.9	0.8	0.3	2.3	0.6	-	0.8
P/EBIT	9.5	41.2	-3.4	18.6	-23.4	-	9.5
P/E	19.7	74.5	-3.2	25.3	-5.9	-	19.7
P/CFO	-	8.8	-5.7	12.9	3.7	-	6.3
Total Yield	6.0%	2.6%	-31.6%	4.9%	-17.1%	-	2.6%
Dividend Yield	1.0%	1.3%	0.0%	1.0%	-0.0%	-	1.0%
FCF Yield 3Y Avg	-	8.9%	0.5%	13.7%	-7.9%	-	4.7%
D/E	0.0	0.2	1.5	0.1	1.2	-	0.2
Net D/E	0.0	0.0	1.5	0.1	1.1	-	0.1

Returns

	B	CMC	CLF	WOR	CMP	NAMM	Median
Name	Barrick .	Commerci.	Clevelan.	Worthing.	Compass .	Namib Mi.
1M Rtn	-6.7%	-3.3%	-16.2%	-1.3%	-10.1%	-47.7%	-8.4%
3M Rtn	41.3%	9.1%	10.7%	-12.6%	-17.1%	-47.3%	-1.8%
6M Rtn	66.5%	25.3%	24.0%	-1.6%	21.1%	-	24.0%
12M Rtn	71.4%	6.2%	-18.5%	43.9%	33.9%	-	33.9%
3Y Rtn	140.1%	28.3%	-18.0%	71.8%	-56.0%	-	28.3%
1M Excs Rtn	-7.4%	-3.7%	-16.0%	-1.3%	-9.6%	-48.9%	-8.5%
3M Excs Rtn	33.4%	2.4%	7.3%	-19.8%	-23.7%	-53.9%	-8.7%
6M Excs Rtn	45.7%	4.6%	3.3%	-22.4%	0.4%	-	3.3%
12M Excs Rtn	48.9%	-12.2%	-36.4%	26.8%	18.7%	-	18.7%
3Y Excs Rtn	49.1%	-41.6%	-94.2%	12.1%	-130.5%	-	-41.6%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/11/2025	3/14/2025	3/15/2024	3/17/2023	3/18/2022	3/19/2021	3/26/2020
Key Financials
Total Revenue	13,824	12,922	11,397	11,013	11,985	12,595	9,717
EBITDA	7,074	6,946	5,207	4,019	7,080	7,477	8,816
Operating Income	5,351	4,184	2,810	3,024	4,341	4,516	2,388
Net Income	2,764	2,144	1,272	432	2,022	2,324	3,969
EPS	1.59	1.22	0.72	0.24	1.14	1.31	2.26
Growth Rates
Total Revenue Growth	16.9%	13.4%	3.5%	-8.1%	-4.8%	29.6%	34.2%
EBITDA Growth	23.8%	33.4%	29.6%	-43.2%	-5.3%	-15.2%	430.1%
Operating Income Growth	65.0%	48.9%	-7.1%	-30.3%	-3.9%	89.1%	85.4%
Net Income Growth	82.8%	68.6%	194.4%	-78.6%	-13.0%	-41.4%	356.9%
Margins
EBITDA Margin	51.2%	53.8%	45.7%	36.5%	59.1%	59.4%	90.7%
Operating Income Margin	38.7%	32.4%	24.7%	27.5%	36.2%	35.9%	24.6%
Net Income Margin	20.0%	16.6%	11.2%	3.9%	16.9%	18.5%	40.8%
Cash & Debt
Total Cash	�	4,074	4,148	4,440	5,280	5,188	3,314
Total Debt	0	5,256	5,223	5,250	5,473	5,364	5,536
Net Debt / (Cash)	�	1,182	1,075	810	193	176	2,222
Cash Flows
Net Cash from Operations	-	4,491	3,732	3,481	4,378	5,417	2,833
Free Cash from Operations	-	1,317	646	432	1,943	3,363	1,132
Returns to Shareholders
Dividends	518	696	700	1,143	634	547	548
Share Repurchases	592	498	-0	424	750	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/11/2025	5/7/2025	3/14/2025	11/7/2024	8/12/2024	5/2/2024	3/15/2024	11/2/2023	8/8/2023	5/3/2023	3/17/2023	11/4/2022
Key Financials Quarterly
Total Revenue	3,681	3,130	3,645	3,368	3,162	2,747	3,059	2,862	2,833	2,643	2,774	2,527
Ebitda	1,479	1,587	2,349	1,659	1,714	1,236	1,349	1,417	1,353	1,088	-306	1,187
Operating Income	1,690	1,230	1,323	1,108	1,063	690	634	856	767	553	406	648
Net Income	811	474	996	483	370	295	479	368	305	120	-735	241
EPS	0.47	0.27	0.57	0.28	0.21	0.17	0.27	0.21	0.17	0.07	-0.42	0.14
Key Financials TTM
Total Revenue TTM	13,824	13,305	12,922	12,336	11,830	11,501	11,397	11,112	10,777	10,803	11,013	11,549
Ebitda TTM	7,074	7,309	6,958	5,958	5,716	5,355	5,207	3,552	3,322	3,542	4,019	6,390
Operating Income TTM	5,351	4,724	4,184	3,495	3,243	2,947	2,810	2,582	2,374	2,600	3,024	3,857
Net Income TTM	2,764	2,323	2,144	1,627	1,512	1,447	1,272	58	-69	114	432	1,893
Growth Rates Quarterly
Total Revenue Growth	16.4%	13.9%	19.2%	17.7%	11.6%	3.9%	10.3%	13.3%	-0.9%	-7.4%	-16.2%	-10.6%
EBITDA Growth	-13.7%	28.4%	74.1%	17.1%	26.7%	13.6%	540.8%	19.4%	-14.0%	-30.5%	-114.8%	-24.7%
Operating Income Growth	59.0%	78.3%	108.7%	29.4%	38.6%	24.8%	56.2%	32.1%	-22.8%	-43.4%	-67.2%	-31.6%
Net Income Growth	119.2%	60.7%	107.9%	31.2%	21.3%	145.8%	165.2%	52.7%	-37.5%	-72.6%	-201.2%	-30.5%
Margins Quarterly
EBITDA Margin	40.2%	50.7%	64.4%	49.3%	54.2%	45.0%	44.1%	49.5%	47.8%	41.2%	-11.0%	47.0%
Operating Income Margin	45.9%	39.3%	36.3%	32.9%	33.6%	25.1%	20.7%	29.9%	27.1%	20.9%	14.6%	25.6%
Net Income Margin	22.0%	15.1%	27.3%	14.3%	11.7%	10.7%	15.7%	12.9%	10.8%	4.5%	-26.5%	9.5%
Cash & Debt
Total Cash	-	4,104	4,074	4,225	4,036	3,942	4,148	4,261	4,157	4,377	4,440	5,240
Total Debt	0	4,727	5,256	4,725	4,724	4,725	5,223	4,775	4,774	4,777	5,250	5,095
Net Debt / (Cash)	-	623	1,182	500	688	783	1,075	514	617	400	810	-145
Cash Flows Quarterly
FCF from Operations	-	1,212	1,392	1,180	1,159	760	997	1,127	832	776	795	758
Cash Flows TTM
FCF from Operations TTM	-	4,943	4,491	4,096	4,043	3,716	3,732	3,530	3,161	3,253	3,481	4,073
Returns to Shareholders Quarterly
Dividends	0	172	172	174	175	175	176	175	174	175	261	351
Share Repurchases	-0	143	354	95	49	-0	-0	-0	-0	-0	110	141
Return on Invested Capital (ROIC) Quarterly
ROIC	-	12.1%	10.9%	11.1%	8.4%	6.6%	6.3%	8.2%	6.6%	4.1%	4.5%	5.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	10.6%	9.1%	8.2%	7.4%	6.9%	6.3%	4.2%	3.1%	4.3%	5.9%	9.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Carlin	2,760	2,848	2,687	2,952	1,862
Cortez	1,737	1,316	1,485	1,409	1,325
Other Mines	1,591	1,553	2,659	3,124
Loulo-Gounkoto	1,335	1,236	1,249	1,208	1,007
Pueblo Viejo	1,118	1,303	1,514	1,613	1,409
Turquoise Ridge	1,008	814	987	960	688
Lumwana	795	868
Kibali	670	598	661	648	505
North Mara	591	570	552	571	462
Bulyanhulu	442	463	361	240	53
Other revenue	20	42	109	185
Share of equity investee	-670	-598	-661	-648	-505
Veladero			382	333	386
Other Mines - Gold					2,122
Porgera					403
Total	11,397	11,013	11,985	12,595	9,717

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Carlin	938	1,114	1,189	1,297	531
Cortez	542	450	547	628	550
Loulo-Gounkoto	484	426	474	449	238
Pueblo Viejo	316	461	759	873	676
Other Mines	286	109	809	926	149
Turquoise Ridge	280	160	371	375	259
Kibali	243	142	278	244	108
North Mara	165	209	254	254	146
Bulyanhulu	147	140	147	31	-19
Lumwana	37	180
Other revenue	20	42
Gain (loss) on currency translation	-93
Share of equity investee	-243	-142	-278	-244	-108
Impairment reversals (charges)	-312
Exploration, evaluation and project expenses not attributable to segments		-249		-210
Finance costs, net (includes non-segment accretion)		-265	-329
General and administrative expenses		-159		-185
Loss on non-hedge derivatives		7	2
Other income (expense) not attributable to segments		396
Veladero			118	114	57
Porgera					113
Total	2,810	3,021	4,341	4,552	2,700

Price Behavior

Price Behavior

Market Price	$31.67
Market Cap ($ Bil)	54.3
First Trading Date	09/07/1984
Distance from 52W High	-11.2%
	50 Days	200 Days
DMA Price	$31.56	$22.56
DMA Trend	up	up
Distance from DMA	0.4%	40.4%
	3M	1YR
Volatility	44.9%	37.6%
Downside Capture	27.96	16.89
Upside Capture	193.37	66.44
Correlation (SPY)	13.8%	20.4%

B Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.38	0.45	0.56	-0.29	0.40	0.61
Up Beta	0.61	-0.38	1.14	-0.99	0.35	0.47
Down Beta	-1.27	-0.85	-0.62	-0.96	0.48	0.66
Up Capture	124%	217%	216%	105%	52%	48%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	14	27	43	79	140	396
Down Capture	168%	89%	-29%	-67%	23%	83%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	8	15	20	46	107	347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of B With Other Asset Classes (Last 1Y)
	B	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	61.5%	-9.1%	17.5%	40.7%	2.0%	-4.1%	45.5%
Annualized Volatility	37.6%	19.9%	19.7%	19.9%	16.3%	18.0%	36.9%
Sharpe Ratio	1.35	-0.59	0.70	1.60	-0.06	-0.38	0.80
Correlation With Other Assets		30.0%	21.6%	70.6%	26.3%	24.4%	11.5%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of B With Other Asset Classes (Last 5Y)
	B	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.9%	7.9%	16.4%	15.1%	12.9%	6.6%	50.5%
Annualized Volatility	34.2%	19.2%	17.2%	15.6%	18.9%	19.1%	49.2%
Sharpe Ratio	0.24	0.32	0.78	0.77	0.57	0.26	0.77
Correlation With Other Assets		35.2%	25.3%	71.8%	27.5%	27.5%	14.1%

Based On 10-Year Data

		Comparison of B With Other Asset Classes (Last 10Y)
	B	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	17.4%	8.8%	14.5%	12.5%	5.3%	5.1%	80.1%
Annualized Volatility	38.0%	20.8%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.54	0.38	0.69	0.69	0.23	0.22	0.97
Correlation With Other Assets		23.1%	15.2%	71.1%	23.9%	18.6%	11.9%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	19,264,696
Short Interest: % Change Since 9302025	-1.4%
Average Daily Volume	17,682,884
Days-to-Cover Short Interest	1.09
Basic Shares Quantity	1,716,000,000
Short % of Basic Shares	1.1%

Returns Analyses

	Title
0	How Low Can Barrick Mining Stock Really Go?
1	Barrick Mining Stock Return Comparison
2	[10/5/2021] Barnes Group (B) Stock Price Forecast: AI Forecasts B Stock Price To Be Around $44.1 In A Month (Up 1.1%)
3	Barrick Mining Total Shareholder Return (TSR): -11.0% in 2022 and -11.8% 3-yr returns (below peer average)
4	Barnes Group (B) Stock Return: AI Predicts B Average and Excess Return After a Fall or Rise

SEC Filings

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Report Date	Filing Date	Filing
6302025	8112025	6-K 6/30/2025
3312025	5072025	6-K 3/31/2025
12312024	3142025	40-F 12/31/2024
9302024	11072024	6-K 9/30/2024
6302024	8122024	6-K 6/30/2024
3312024	5022024	6-K 3/31/2024
12312023	3152024	40-F 12/31/2023
9302023	11022023	6-K 9/30/2023
6302023	8082023	6-K 6/30/2023
3312023	5032023	6-K 3/31/2023
12312022	3172023	40-F 12/31/2022
9302022	11042022	6-K 9/30/2022
6302022	8082022	6-K 6/30/2022
3312022	5052022	6-K 3/31/2022
12312021	3182022	40-F 12/31/2021
9302021	11052021	6-K 9/30/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Barrick Mining (B)

Market Price (11/5/2025): $31.55 | Market Cap: $54.1 BilSector: Materials | Industry: Gold

Barrick Mining (B)

Market Price (11/5/2025): $31.55Market Cap: $54.1 BilSector: MaterialsIndustry: Gold

Market Valuation & Key Metrics

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Price Returns Compared

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About Barrick Mining (B)

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Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

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Market Price (11/5/2025): $31.55 | Market Cap: $54.1 Bil
Sector: Materials | Industry: Gold

Market Price (11/5/2025): $31.55
Market Cap: $54.1 Bil
Sector: Materials
Industry: Gold