Barrick announces deal with Newmont on Nevada Gold Mines JV
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TORONTO – Barrick Mining Corp. says its second-quarter profit rose compared with a year ago, as the company also announced an agreement with Newmont Corp. to amend their Nevada Gold Mines joint venture.
Barrick, which keeps its books in U.S. dollars, says it earned US$1.22 billion or 73 cents US per diluted share for the quarter ended June 30. The result compared with a profit of US$811 million or 47 cents US per share in the same quarter a year earlier.
On an adjusted basis, Barrick says it earned 82 cents US per share in its latest quarter, up from an adjusted profit of 47 cents US per share in the same quarter last year.
Revenue totalled US$5.29 billion, up from US$3.68 billion in the second quarter of 2025.
Barrick says gold production in the quarter totalled 796,000 ounces compared with 797,000 ounces a year ago, while gold sales amounted to 801,000 ounces, down from 770,000 ounces a year earlier.
The company’s realized gold price was US$4,417 per ounce, up from US$3,295 in the same quarter last year.
Under its agreement with Newmont, Barrick says its Fourmile project and Newmont’s Fiberline and Mike developments will now be part of the pair’s Nevada Gold Mines joint venture.
Newmont has also provided its consent to Barrick’s proposed IPO of its North American gold assets.
This report by The Canadian Press was first published Aug. 10, 2026.
Companies in this story: (TSX:ABX)