Financials Barrick Mining Corporation

Equities

ABX

CA06849F1080

Gold

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-07-11 EDT			5-day change	1st Jan Change
29.04 ^CAD	+0.94%		-0.48%	+30.28%

07-11	Barrick Gold Corporation, Q1 2025 Earnings Call, May 07, 2025
07-11	First Quantum says Prospect investment key to Zambia copper expansion	RE

Projected Income Statement: Barrick Mining Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	12,595	11,985	11,013	11,397	12,922	15,085	17,395	17,529
Change	-	-4.84%	-8.11%	3.49%	13.38%	16.74%	15.31%	0.77%
EBITDA ¹	7,492	7,258	5,613	5,474	7,005	8,661	10,365	10,635
Change	-	-3.12%	-22.66%	-2.48%	27.97%	23.64%	19.68%	2.6%
EBIT ¹	5,284	5,156	3,616	3,431	5,090	7,044	8,913	8,285
Change	-	-2.42%	-29.87%	-5.12%	48.35%	38.39%	26.53%	-7.04%
Interest Paid ¹	-347	-355	-301	-170	-232	-242.8	-250.9	-259.4
Earnings before Tax (EBT) ¹	4,946	4,632	1,681	2,814	4,608	6,679	7,687	7,742
Change	-	-6.35%	-63.71%	67.4%	63.75%	44.94%	15.09%	0.72%
Net income ¹	2,324	2,022	432	1,272	2,144	3,414	4,507	4,299
Change	-	-12.99%	-78.64%	194.44%	68.55%	59.24%	32.02%	-4.63%
Announcement Date	2/18/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	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
Net sales ¹	3,055	3,540	3,279	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	3,741	4,171	4,523	4,275	4,474	4,607	4,511	4,501
Change	-	15.88%	-7.37%	-9.85%	-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%	19.52%	11.5%	8.45%	-5.49%	4.67%	2.97%	-2.1%	-0.21%
EBITDA ¹	1,697	2,223	2,106	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	2,224	2,595	2,904	2,731	3,034	3,101	3,101	3,198
Change	-	31%	-5.26%	-14.53%	-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%	21.6%	16.69%	11.89%	-5.97%	11.12%	2.2%	0.01%	3.11%
EBIT ¹	1,131	1,649	1,562	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	1,737	2,179	2,593	2,300	2,402	2,526	2,432	2,395
Change	-	45.8%	-5.28%	-17.22%	-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%	22.49%	25.46%	19.01%	-11.3%	4.42%	5.17%	-3.73%	-1.51%
Charge d'intérêts ¹	-	-	-80	-87	-91	-93	-84	-88	-89	-	-	-58	-44	-52	-16	-31	-51	-82	-68	-62	-75	-75	-62	-	-	-	-	-
Earnings before Tax (EBT) ¹	880	1,555	1,462	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	1,678	2,004	2,343	2,189	2,295	2,425	2,337	2,307
Change	-	76.7%	-5.98%	-17.65%	-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%	58.44%	19.43%	16.92%	-6.59%	4.88%	5.66%	-3.62%	-1.31%
Net income ¹	357	882	685	538	411	347	726	-	-	-	-735	120	305	368	479	295	370	483	996	474	734.7	1,005	1,163	1,012	1,119	1,192	1,158	1,137
Change	-	147.06%	-22.34%	-21.46%	-23.61%	-15.57%	109.22%	-	-	-	-	116.33%	154.17%	20.66%	30.16%	-38.41%	25.42%	30.54%	106.21%	-52.41%	55%	36.75%	15.72%	-12.92%	10.53%	6.54%	-2.91%	-1.81%
Announcement Date	8/10/20	11/5/20	2/18/21	5/5/21	8/9/21	11/4/21	2/16/22	5/4/22	8/8/22	11/3/22	2/15/23	5/3/23	8/8/23	11/2/23	2/14/24	5/1/24	8/12/24	11/7/24	2/12/25	5/7/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Barrick Mining Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-33	-130	342	578	655	-1,343	-3,707	-6,472
Change	-	-293.94%	363.08%	69.01%	13.32%	-305.04%	-176.02%	-74.59%
Announcement Date	2/18/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Barrick Mining Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	2,054	2,435	3,049	3,086	3,174	4,067	4,469	4,682
Change	-	18.55%	25.22%	1.21%	2.85%	28.14%	9.87%	4.76%
Free Cash Flow (FCF) ¹	3,363	1,943	432	646	1,317	1,791	1,869	2,079
Change	-	-42.22%	-77.77%	49.54%	103.87%	35.98%	4.36%	11.25%
Announcement Date	2/18/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Barrick Mining Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	59.48%	60.56%	50.97%	48.03%	54.21%	57.42%	59.59%	60.67%
EBIT Margin (%)	41.95%	43.02%	32.83%	30.1%	39.39%	46.69%	51.24%	47.27%
EBT Margin (%)	39.27%	38.65%	15.26%	24.69%	35.66%	44.28%	44.19%	44.17%
Net margin (%)	18.45%	16.87%	3.92%	11.16%	16.59%	22.63%	25.91%	24.52%
FCF margin (%)	26.7%	16.21%	3.92%	5.67%	10.19%	11.87%	10.74%	11.86%
FCF / Net Income (%)	144.71%	96.09%	100%	50.79%	61.43%	52.46%	41.46%	48.37%
Profitability
ROA	5.11%	4.42%	2.86%	2.77%	4.59%	7.4%	8.5%	9.8%
ROE	9.12%	8.75%	5.69%	5.52%	9%	14.35%	14.99%	14.09%
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 (%)	16.31%	20.32%	27.69%	27.08%	24.56%	26.96%	25.69%	26.71%
CAPEX / EBITDA (%)	27.42%	33.55%	54.32%	56.38%	45.31%	46.96%	43.11%	44.02%
CAPEX / FCF (%)	61.08%	125.32%	705.79%	477.71%	241%	227.11%	239.11%	225.17%
Items per share
Cash flow per share ¹	3.047	2.461	1.966	2.126	2.565	3.457	4.387	3.968
Change	-	-19.23%	-20.13%	8.16%	20.64%	34.8%	26.88%	-9.55%
Dividend per Share ¹	0.33	0.37	0.65	0.4	0.4	0.4074	0.4083	0.44
Change	-	12.12%	75.68%	-38.46%	0%	1.86%	0.22%	7.76%
Book Value Per Share ¹	13.13	13.41	12.97	13.3	13.87	15.91	17.91	19.69
Change	-	2.15%	-3.27%	2.49%	4.34%	14.67%	12.56%	9.97%
EPS ¹	1.31	1.14	0.24	0.72	1.22	1.859	2.473	2.426
Change	-	-12.98%	-78.95%	200%	69.44%	52.4%	33%	-1.91%
Nbr of stocks (in thousands)	1,778,126	1,779,286	1,758,285	1,755,523	1,748,049	1,719,458	1,719,458	1,719,458
Announcement Date	2/18/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-	-