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Barrick Mining to Post Q3 Earnings: What's in the Offing for the Stock?
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Key Takeaways
Barrick Mining is expected to report a 22.5% increase in Q3 sales to $5.08 billion.
Higher realized gold prices and an expected rise in gold production could support Q3 performance.
Rising production costs remain a headwind, with Q3 AISC estimated to increase 25% year over year.
Barrick Mining Corporation (B - Free Report) is slated to come up with third-quarter 2026 results before the opening bell on Nov. 9.
Barrick beat the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of roughly 14.4%. Higher realized gold prices and increased production are expected to have aided its third-quarter performance amid cost headwinds.
B’s shares have gained 22.3% over the past year, outperforming the Zacks Mining – Gold industry’s 7.6% increase.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do B’s Revenue Estimates Indicate?
The Zacks Consensus Estimate for Barrick’s third-quarter consolidated sales is currently pegged at $5,081.9 million, calling for an increase of 22.5% from the year-ago quarter’s tally.
Factors Shaping B’s Q3 Results
Higher realized gold prices are likely to have supported the company’s performance in the third quarter. Although gold prices have retreated sharply from their January 2026 peak, they remain at supportive levels. Gold came under renewed pressure after reaching a more than three-month high near $4,650 per ounce in late August 2026. Bullion prices fell toward $4,300 an ounce following the U.S. Federal Reserve’s interest rate hike, its first in more than three years, and expectations of another increase before the year-end.
A stronger U.S. dollar and inflation worries stemming from an uptick in oil prices amid concerns over supply disruptions put pressure on gold in September. Bullion closed the third quarter at around $4,150 per ounce, roughly 8% higher year over year.
Barrick is expected to have gained from higher year-over-year realized prices. The consensus estimate for B’s average realized gold price is pinned at $4,263 per ounce for the third quarter, indicating a roughly 23% year-over-year increase.
Higher production is expected to have aided B’s sales volumes in the third quarter. Its attributable gold production rose 11% sequentially to 796,000 ounces in the second quarter, exceeding its guidance range of 730,000 to 770,000 ounces.
The company expects production to increase sequentially in the third quarter and again in the fourth quarter, driven by the Loulo-Gounkoto ramp-up, Goldrush and mine sequencing.
The consensus estimate calls for a gold production of roughly 818,000 ounces in the third quarter, indicating a roughly 3% sequential rise.
Barrick is likely to have faced headwinds from higher production costs in the third quarter. Its total cash costs per ounce of gold and all-in-sustaining costs (AISC) increased around 15% and 11% year over year, respectively, in the second quarter. Both also rose sequentially. AISC of $1,866 increased from the year-ago quarter due to higher total cash costs per ounce. Higher fuel prices began affecting costs in the second quarter, although management said operating efficiencies mitigated some of the impact.
Cost pressures are expected to have continued in the third quarter. The consensus estimate for AISC for the third quarter is pegged at $1,929, indicating a roughly 25% year-over-year and 3% sequential increase.
Our proven model does not conclusively predict an earnings beat for Barrick this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for B is -1.18%. The Zacks Consensus Estimate for the third quarter is currently pegged at 78 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: B currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:
The consensus estimate for DPMLF’s earnings for the third quarter is currently pegged at 65 cents.
Integra Resources Corp. (ITRG - Free Report) , scheduled to release earnings on Nov. 11, has an Earnings ESP of +0.81%.
The Zacks Consensus Estimate for ITRG’s earnings for the third quarter is currently pegged at 6 cents. ITRG currently carries a Zacks Rank #3.
WhiteHawk Minerals Corp. (WHK - Free Report) , slated to release earnings on Nov. 12, has an Earnings ESP of +17.08% and carries a Zacks Rank #1 at present.
The consensus mark for WHK’s third-quarter earnings is currently pegged at 27 cents.
View the Zacks #1 Rank List
Image: Bigstock
Barrick Mining to Post Q3 Earnings: What's in the Offing for the Stock?
Key Takeaways
Barrick Mining Corporation (B - Free Report) is slated to come up with third-quarter 2026 results before the opening bell on Nov. 9.
Barrick beat the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of roughly 14.4%. Higher realized gold prices and increased production are expected to have aided its third-quarter performance amid cost headwinds.
B’s shares have gained 22.3% over the past year, outperforming the Zacks Mining – Gold industry’s 7.6% increase.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do B’s Revenue Estimates Indicate?
The Zacks Consensus Estimate for Barrick’s third-quarter consolidated sales is currently pegged at $5,081.9 million, calling for an increase of 22.5% from the year-ago quarter’s tally.
Factors Shaping B’s Q3 Results
Higher realized gold prices are likely to have supported the company’s performance in the third quarter. Although gold prices have retreated sharply from their January 2026 peak, they remain at supportive levels. Gold came under renewed pressure after reaching a more than three-month high near $4,650 per ounce in late August 2026. Bullion prices fell toward $4,300 an ounce following the U.S. Federal Reserve’s interest rate hike, its first in more than three years, and expectations of another increase before the year-end.
A stronger U.S. dollar and inflation worries stemming from an uptick in oil prices amid concerns over supply disruptions put pressure on gold in September. Bullion closed the third quarter at around $4,150 per ounce, roughly 8% higher year over year.
Barrick is expected to have gained from higher year-over-year realized prices. The consensus estimate for B’s average realized gold price is pinned at $4,263 per ounce for the third quarter, indicating a roughly 23% year-over-year increase.
Higher production is expected to have aided B’s sales volumes in the third quarter. Its attributable gold production rose 11% sequentially to 796,000 ounces in the second quarter, exceeding its guidance range of 730,000 to 770,000 ounces.
The company expects production to increase sequentially in the third quarter and again in the fourth quarter, driven by the Loulo-Gounkoto ramp-up, Goldrush and mine sequencing.
The consensus estimate calls for a gold production of roughly 818,000 ounces in the third quarter, indicating a roughly 3% sequential rise.
Barrick is likely to have faced headwinds from higher production costs in the third quarter. Its total cash costs per ounce of gold and all-in-sustaining costs (AISC) increased around 15% and 11% year over year, respectively, in the second quarter. Both also rose sequentially. AISC of $1,866 increased from the year-ago quarter due to higher total cash costs per ounce. Higher fuel prices began affecting costs in the second quarter, although management said operating efficiencies mitigated some of the impact.
Cost pressures are expected to have continued in the third quarter. The consensus estimate for AISC for the third quarter is pegged at $1,929, indicating a roughly 25% year-over-year and 3% sequential increase.
Barrick Mining Corporation Price and EPS Surprise
Barrick Mining Corporation price-eps-surprise | Barrick Mining Corporation Quote
What Our Model Unveils for B Stock
Our proven model does not conclusively predict an earnings beat for Barrick this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for B is -1.18%. The Zacks Consensus Estimate for the third quarter is currently pegged at 78 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: B currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:
DPM Metals Inc. (DPMLF - Free Report) , scheduled to release earnings on Nov. 12, has an Earnings ESP of +16.28% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for DPMLF’s earnings for the third quarter is currently pegged at 65 cents.
Integra Resources Corp. (ITRG - Free Report) , scheduled to release earnings on Nov. 11, has an Earnings ESP of +0.81%.
The Zacks Consensus Estimate for ITRG’s earnings for the third quarter is currently pegged at 6 cents. ITRG currently carries a Zacks Rank #3.
WhiteHawk Minerals Corp. (WHK - Free Report) , slated to release earnings on Nov. 12, has an Earnings ESP of +17.08% and carries a Zacks Rank #1 at present.
The consensus mark for WHK’s third-quarter earnings is currently pegged at 27 cents.