Barrick revenue rises 22% as higher gold prices offset lower output

Tuesday 10th November 2026

By inAfrika Newsroom

Barrick Mining reported a 22% rise in third-quarter revenue to $5.07 billion as higher gold prices outweighed a decline in production. Net earnings rose to $1.32 billion from $1.30 billion a year earlier.

In its 9 November results, Barrick reported attributable gold production of 816,000 ounces, compared with 829,000 in the same quarter of 2025. The company attributed the drop mainly to severe weather at its Veladero mine in Argentina and delays accessing higher-grade material at North Mara in Tanzania.

Barrick said it expected to reach the higher-grade material at North Mara in the fourth quarter. It cited stronger performance at Bulyanhulu, its other Tanzanian operation, as well as at Loulo-Gounkoto in Mali and Kibali in the Democratic Republic of Congo.

The company reported earnings of 80 cents a share, up from 76 cents. Adjusted earnings rose to 82 cents a share from 58 cents. Barrick’s attributable adjusted earnings before interest, tax, depreciation and amortisation rose 22% to $2.47 billion. The adjustment and attributable basis differ from the consolidated net earnings measure.

The company’s full-year gold production forecast remained at 2.9 million to 3.25 million ounces, Reuters reported. Barrick’s figures cover the three months ended 30 September.

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