EPISODE · May 12, 2026 · 9 MIN
Barrick (B): Surviving Mali's gold heist & the upcoming North America IPO [Q1 2026]
from Earnings Unscripted: Stock Earnings Calls & Analysis · host Miro Benes
Surging commodity prices completely masked a 17% sequential drop in production as Barrick Mining Corporation reported a chaotic yet highly profitable Q1 2026.In ~10 minutes:• How record $4,823/oz gold drove $1.2B in attributable free cash flow.• Navigating the literal $92M state seizure of physical gold in Mali.• Eating a $20M monthly burn rate during the Pakistan force majeure.• Why the autonomous North American assets are tracking toward a 2026 IPO.Barrick is currently a tale of two entirely different companies operating under one ticker. Management is launching a massive $3.0B buyback and a new 50% free cash flow dividend policy, betting that peak gold margins 🌍 will outlast the staggering geopolitical headaches currently erupting across their emerging markets portfolio.Barrick Mining Corporation (B) | Q1 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.
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Barrick (B): Surviving Mali's gold heist & the upcoming North America IPO [Q1 2026]
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