Financials Barrick Mining Corporation

Equities

ABX

CA06849F1080

Gold

Market Closed - Toronto S.E. Other stock markets 02:47:11 12/02/2026 am IST			5-day change	1st Jan Change
64.79 ^CAD	+1.65%		-1.45%	+8.36%

10/02	Stifel Canada Raises Its Gold-Price Forecast, Up Target Prices For Miners	MT
10/02	Retail Hits the Brakes

Projected Income Statement: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	11,985	11,013	11,397	12,922	16,956	21,419	22,885	24,203
Change	-	-8.11%	3.49%	13.38%	31.22%	26.32%	6.85%	5.76%
EBITDA ¹	7,258	5,613	5,474	7,005	11,312	14,470	16,169	16,388
Change	-	-22.66%	-2.48%	27.97%	61.48%	27.92%	11.75%	1.35%
EBIT ¹	5,156	3,616	3,431	5,090	9,406	12,035	13,145	14,031
Change	-	-29.87%	-5.12%	48.35%	84.79%	27.95%	9.22%	6.74%
Interest Paid ¹	-355	-301	-170	-232	-227	-238.2	-192.6	-158.2
Earnings before Tax (EBT) ¹	4,632	1,681	2,814	4,608	8,805	12,175	13,321	14,084
Change	-	-63.71%	67.4%	63.75%	91.08%	38.27%	9.42%	5.73%
Net income ¹	2,022	432	1,272	2,144	4,993	6,020	6,759	7,147
Change	-	-78.64%	194.44%	68.55%	132.88%	20.57%	12.27%	5.74%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	2,956	2,893	2,826	3,310	2,853	2,859	2,527	2,774	2,643	2,833	2,862	3,059	2,747	3,162	3,368	3,645	3,130	3,681	4,148	5,997	5,139	5,592	5,825	5,964	6,333	6,231	6,113	5,749
Change	-	-2.13%	-2.32%	17.13%	-13.81%	0.21%	-11.61%	9.77%	-4.72%	7.19%	1.02%	6.88%	-10.2%	15.11%	6.51%	8.22%	-14.13%	17.6%	12.69%	44.58%	-14.3%	8.8%	4.17%	2.38%	6.19%	-1.6%	-1.9%	-5.95%
EBITDA ¹	1,800	1,719	1,669	2,070	1,645	1,527	1,155	1,286	1,183	1,368	1,464	1,459	1,266	1,717	1,773	2,249	1,829	2,317	2,856	4,310	3,810	3,979	4,190	4,219	4,431	4,333	4,207	3,848
Change	-	-4.5%	-2.91%	24.03%	-20.53%	-7.17%	-24.36%	11.34%	-8.01%	15.64%	7.02%	-0.34%	-13.23%	35.62%	3.26%	26.85%	-18.67%	26.68%	23.26%	50.91%	-11.6%	4.44%	5.29%	0.71%	5.02%	-2.22%	-2.89%	-8.54%
EBIT ¹	1,293	1,219	1,131	1,513	1,185	1,051	698	682	688	888	960	895	792	1,237	1,296	1,765	1,418	1,881	2,396	3,711	3,201	3,444	3,514	3,607	3,992	3,891	3,763	3,401
Change	-	-5.72%	-7.22%	33.78%	-21.68%	-11.31%	-33.59%	-2.29%	0.88%	29.07%	8.11%	-6.77%	-11.51%	56.19%	4.77%	36.19%	-19.66%	32.65%	27.38%	54.88%	-13.75%	7.58%	2.05%	2.63%	10.68%	-2.53%	-3.29%	-9.62%
Charge d'intérêts ¹	-87	-91	-93	-84	-88	-89	-	-	-58	-44	-52	-16	-31	-51	-82	-68	-62	-58	-43	-64	-64.5	-69.5	-69.5	-30.5	-	-	-	-
Earnings before Tax (EBT) ¹	1,204	1,128	935	1,456	1,007	996	625	-947	474	766	803	771	661	1,041	1,025	1,881	1,059	1,358	2,381	4,007	3,170	3,410	3,480	3,593	3,909	3,807	3,695	3,347
Change	-	-6.31%	-17.11%	55.72%	-30.84%	-1.09%	-37.25%	-251.52%	150.05%	61.6%	4.83%	-3.99%	-14.27%	57.49%	-1.54%	83.51%	-43.7%	28.23%	75.33%	68.29%	-20.9%	7.58%	2.07%	3.24%	8.79%	-2.6%	-2.96%	-9.4%
Net income ¹	538	411	347	726	-	-	-	-735	120	305	368	479	295	370	483	996	474	811	1,302	2,406	1,509	1,628	1,660	1,720	1,963	1,917	1,867	1,698
Change	-	-23.61%	-15.57%	109.22%	-	-	-	-	116.33%	154.17%	20.66%	30.16%	-38.41%	25.42%	30.54%	106.21%	-52.41%	71.1%	60.54%	84.79%	-37.28%	7.85%	2%	3.59%	14.13%	-2.34%	-2.6%	-9.04%
Announcement Date	05/05/21	09/08/21	04/11/21	16/02/22	04/05/22	08/08/22	03/11/22	15/02/23	03/05/23	08/08/23	02/11/23	14/02/24	01/05/24	12/08/24	07/11/24	12/02/25	07/05/25	11/08/25	10/11/25	05/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-130	342	578	655	-2,003	-3,539	-5,888	-8,791
Change	-	363.08%	69.01%	13.32%	-405.8%	-76.68%	-66.37%	-49.3%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	2,435	3,049	3,086	3,174	3,821	4,798	4,430	4,594
Change	-	25.22%	1.21%	2.85%	20.38%	25.57%	-7.66%	3.68%
Free Cash Flow (FCF) ¹	1,943	432	646	1,317	3,868	5,146	6,560	7,268
Change	-	-77.77%	49.54%	103.87%	193.7%	33.03%	27.49%	10.79%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Barrick Mining Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	60.56%	50.97%	48.03%	54.21%	66.71%	67.56%	70.66%	67.71%
EBIT Margin (%)	43.02%	32.83%	30.1%	39.39%	55.47%	56.19%	57.44%	57.97%
EBT Margin (%)	38.65%	15.26%	24.69%	35.66%	51.93%	56.84%	58.21%	58.19%
Net margin (%)	16.87%	3.92%	11.16%	16.59%	29.45%	28.11%	29.53%	29.53%
FCF margin (%)	16.21%	3.92%	5.67%	10.19%	22.81%	24.02%	28.66%	30.03%
FCF / Net Income (%)	96.09%	100%	50.79%	61.43%	77.47%	85.48%	97.06%	101.69%
Profitability
ROA	4.42%	2.86%	2.77%	4.59%	8.34%	11.02%	11.91%	11.08%
ROE	8.75%	5.69%	5.52%	9%	16.28%	19.47%	18.49%	16.47%
Financial Health
Leverage (Debt/EBITDA)	-	0.06x	0.11x	0.09x	-	-	-	-
Debt / Free cash flow	-	0.79x	0.89x	0.5x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	20.32%	27.69%	27.08%	24.56%	22.53%	22.4%	19.36%	18.98%
CAPEX / EBITDA (%)	33.55%	54.32%	56.38%	45.31%	33.78%	33.16%	27.4%	28.03%
CAPEX / FCF (%)	125.32%	705.79%	477.71%	241%	98.78%	93.25%	67.54%	63.2%
Items per share
Cash flow per share ¹	2.461	1.966	2.126	2.565	4.504	5.74	6.022	5.71
Change	-	-20.13%	8.16%	20.64%	75.62%	27.43%	4.92%	-5.19%
Dividend per Share ¹	0.37	0.65	0.4	0.4	-	0.8018	1.004	1.269
Change	-	75.68%	-38.46%	0%	-	-	25.25%	26.35%
Book Value Per Share ¹	13.41	12.97	13.3	13.87	15.85	18.85	21.35	24.39
Change	-	-3.27%	2.49%	4.34%	14.27%	18.95%	13.23%	14.23%
EPS ¹	1.14	0.24	0.72	1.22	2.93	3.794	4.16	4.334
Change	-	-78.95%	200%	69.44%	140.16%	29.5%	9.64%	4.18%
Nbr of stocks (in thousands)	17,79,286	17,58,285	17,55,523	17,48,049	16,87,434	16,75,360	16,75,360	16,75,360
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	05/02/26	-	-	-