Barrick Mining's share price pullback presents a buying opportunity, according to an analysis citing increased production, a settled dispute in Mali, and a planned spinoff of its North American operations. The Canadian gold miner reported first-quarter gold production of 719,000 ounces, above its guidance of 640,000 to 680,000 ounces, while copper production rose 11% year over year to 49,000 tonnes. Earnings per share were $0.96, up 256% year over year, and revenue was $5.22 billion, up 67%. Barrick has regained full operational control of its Loulo-Gounkoto mine in Mali, which can produce up to 750,000 ounces of gold annually, and it plans an initial public offering of its North American operations by 2026 while retaining a 10% to 15% minority stake. The company also approved a new stock repurchase plan of up to $3 billion in the first quarter of 2026 and raised its quarterly base dividend by 25% to $0.125 per share in November.
