Barrick Mining (B) Stock: Company Expands Buyback By $500M And Hikes Dividend 25%

TLDR

• Barrick Mining approved a $500 million increase to its share buyback program, bringing the total authorized amount to $1.5 billion
• The company raised its quarterly base dividend by 25% to $0.125 per share
• Third-quarter revenue reached $4.14 billion with adjusted earnings per share of $0.58
• Operating cash flow hit $2.4 billion and free cash flow reached $1.5 billion in Q3, up 82% and 274% year-over-year respectively
• The company completed $1.0 billion in share repurchases by September 30, 2025

Barrick Mining Corp. announced changes to its shareholder return programs on Monday. The gold producer expanded its share buyback plan and increased dividend payments.

Barrick Mining Corporation, B

The company’s board approved a $500 million increase to its existing repurchase program. This brings the total authorized buyback amount to $1.5 billion for the current 12-month period.

Barrick had already completed $1.0 billion in share repurchases by September 30, 2025. The decision to expand the program follows strong cash generation during the quarter.

The company also raised its quarterly base dividend by 25%. The new rate stands at $0.125 per share, up from the previous level.

Q3 Results Drive Capital Allocation

Barrick reported third-quarter revenue of $4.14 billion. Adjusted earnings per share came in at $0.58 for the period.

Operating cash flow reached $2.4 billion in the third quarter. This represented an 82% increase compared to the same period last year.

Free cash flow jumped to $1.5 billion. The figure was up 274% year-over-year, reflecting the company’s improved operational performance.

Mark Hill, Group COO and Interim President and CEO, said higher gold production combined with lower costs and strong commodity prices drove record cash flow for the quarter. The company benefited from higher realized gold prices during the period.

Dividend Payment Details

Under Barrick’s updated Performance Dividend Policy, the company declared a total dividend of $0.175 per share for Q3. This includes the $0.125 base dividend and a $0.05 per share performance component.

The payment will be made on December 15, 2025. Shareholders of record as of November 28 will receive the dividend.

The performance component reflects the company’s policy of returning additional cash to shareholders based on operational results. Increased gold sales volume contributed to the quarter’s cash flow growth.

Lower total cash costs per ounce also helped boost the company’s free cash flow generation. These factors supported the board’s decision to enhance shareholder returns through both channels.

The expanded buyback program gives Barrick flexibility to repurchase shares when they trade below intrinsic value. The company views this as an effective way to deploy capital while maintaining financial flexibility.

The year-to-date price performance for Barrick stands at 111.83%. The stock received a Buy rating from analysts with a C$40.00 price target.

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