Barrick Mining Corporation

NYSE:B Stock Report

Market Cap: US$71.6b

Barrick Mining Management

Management criteria checks 2/4

Barrick Mining's CEO is Mark Hill, appointed in Sep 2025, has a tenure of less than a year. total yearly compensation is $11.02M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth $16.26M. The average tenure of the management team and the board of directors is 0.4 years and 9.4 years respectively.

Key information

Mark Hill

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage7.22%
CEO tenureless than a year
CEO ownership0.02%
Management average tenureless than a year
Board average tenure9.4yrs

Recent management updates

Recent updates

Seeking Alpha • May 11

Barrick Mining: A Complicated Tale

Summary Barrick Mining Corporation faces production declines, JV disputes, and geopolitical delays but remains leveraged to strong gold prices and robust free cash flow. Despite a fractured relationship with Newmont at NGM and royalty issues at Fourmile, B plans a North American gold asset spinoff (NewCo) to unlock value. FY25 saw record earnings and free cash flow, enabling a 40% dividend increase and a new policy to return 50% of free cash flow to shareholders. With gold above $4,200, B offers earnings and dividend visibility, making it a solid covered call candidate despite operational and geopolitical headwinds. An analysis around Barrick Mining Corporation follows in the paragraphs below. Read the full article on Seeking Alpha
Narrative Update • Dec 21

Q3 Earning Report

based on recent valuation
Seeking Alpha • Apr 24

Barrick Gold Benefits From Uncertainty

Summary Barrick Gold Corporation benefits from high gold prices and a strong portfolio, driving YoY growth and maintaining low costs despite inflationary pressures. The company has promising assets like Reko Diq and Nevada projects, ensuring long-term production and profitability. Barrick Gold's strategic operations in Latin America, Asia Pacific, Africa, and the Middle East bolster its production and shareholder returns. Despite risks tied to gold price volatility, Barrick's efficient operations and strong gold prices make GOLD stock a compelling investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Apr 18

Barrick Gold: Too Cheap Even With Location Risks

Summary Barrick Gold has underperformed peers but shows turnaround potential for 2025 with improving production in Pueblo Viejo and Nevada, and high gold prices boosting earnings. Despite geographic risks in Mali and Pakistan, Barrick's undervaluation compared to peers offers significant upside if issues are resolved and growth projects succeed. Strong growth in gold and copper production is expected, with high capex through 2027 but improving free cash flow and potential special dividends by 2026. Barrick's valuation per ounce of reserves is significantly lower than peers, presenting a buying opportunity if geopolitical risks are managed effectively. Read the full article on Seeking Alpha
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New Narrative • Apr 02

Narrative update from Stjepan Kalinic

All-Time High Gold Price Can Boost Cash FlowsGold has been surging to new all-time highs seemingly every week, passing the landmark $3,100 per ounce record. A mix of global economic uncertainty, centr
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New Narrative • Apr 01

Narrative update from Stjepan Kalinic

All-Time High Gold Price Can Boost Cash FlowsGold has been surging to new all-time highs seemingly every week, passing the landmark $3,100 per ounce record. A mix of global economic uncertainty, centr
New Narrative • Mar 20

Barrick Gold Corporation Reports Significant Growth in Gold Reserves and Resources amid main product (Gold) Price Headed To The Moon

Barrick Gold Corporation has announced a substantial increase in its attributable proven and probable gold mineral reserves, growing by 17.4 million ounces (23%) before 2024 depletion. This significan
Seeking Alpha • Mar 19

Barrick Gold Doubles Free Cash Flows, But Mali And Pakistan Risks Cap The Upside

Summary I see positive trends in Barrick's financials, with adjusted free cash flow doubling year over year and the highest adjusted EPS since 2013. The Reko Diq copper-gold project could generate $74 billion in free cash flow during its 36 year lifespan, but near-term uncertainty remains over Pakistan’s ability to fund its cost share. Geopolitical risks in Mali have frozen $245M in Barrick’s gold exports. The company is managing temporary care at Loulo-Gounkoto, with potential $10M monthly costs if full care is required. I expect stable dividends and share repurchases, but without resolution on key geopolitical risks, I don’t see a compelling risk/reward case for a buy rating at this time. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

Barrick Gold: A Much Better Q4, Helped By Record Gold Prices

Summary Barrick Gold Corporation reported strong Q4 2024 & FY 2024 results, helped by the record gold price. This allowed the company to finish the year with one of the stronger balance sheets among its peer group, despite aggressive share buybacks in Q4 2024. In this update, we'll dig into the GOLD Q4 & FY 2024 results, recent developments and whether the stock is worthy of investment. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Mark Hill's remuneration changed compared to Barrick Mining's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$6b

Dec 31 2025US$11mUS$796k

US$5b

Sep 30 2025n/an/a

US$4b

Jun 30 2025n/an/a

US$3b

Mar 31 2025n/an/a

US$2b

Dec 31 2024US$5mUS$725k

US$2b

Sep 30 2024n/an/a

US$2b

Jun 30 2024n/an/a

US$2b

Mar 31 2024n/an/a

US$1b

Dec 31 2023US$5mUS$725k

US$1b

Sep 30 2023n/an/a

US$58m

Jun 30 2023n/an/a

-US$69m

Mar 31 2023n/an/a

US$114m

Dec 31 2022US$5mUS$692k

US$432m

Sep 30 2022n/an/a

US$2b

Jun 30 2022n/an/a

US$2b

Mar 31 2022n/an/a

US$2b

Dec 31 2021US$5mUS$718k

US$2b

Sep 30 2021n/an/a

US$2b

Jun 30 2021n/an/a

US$3b

Mar 31 2021n/an/a

US$2b

Dec 31 2020US$5mUS$671k

US$2b

Sep 30 2020n/an/a

US$3b

Jun 30 2020n/an/a

US$4b

Mar 31 2020n/an/a

US$4b

Dec 31 2019US$5mUS$678k

US$4b

Compensation vs Market: Mark's total compensation ($USD11.02M) is about average for companies of similar size in the US market ($USD14.74M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.

CEO

Mark Hill (61 yo)

less than a year
Tenure
US$11,021,682
Compensation

Mr. Mark F. Hill, B.Eng., is Group Chief Operating Officer at Barrick Mining Corporation since September 29, 2025 and was its Interim President and Chief Executive Officer since September 29, 2025 until Fe...

Leadership Team

NamePositionTenureCompensationOwnership
Mark Hill
Group COOless than a yearUS$11.02m0.023%
$ 16.3m
Hongyu Cai
Senior EVPless than a yearUS$315.00k0.0012%
$ 830.2k
Poupak Bahamin
General Counsel & Chief Compliance Officer4.2yrsUS$2.67m0%
$ 0
Darian Rich
Chief Human Resources Officerno dataUS$3.80m0.019%
$ 13.4m
Cleveland Rueckert
Head of Investor Relationsno datano datano data
Woo Lee
Chief Global Affairs Officerless than a yearno data0.00054%
$ 386.5k
George Joannou
Chief Development Officerless than a yearno datano data
James McGuire
Chief Legal & Policy Officerless than a yearno data0%
$ 0
Joseph Heckendorn
Senior VPno datano datano data
0.4yrs
Average Tenure
58yo
Average Age

Experienced Management: B's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Mark Hill
Group COOless than a yearUS$11.02m0.023%
$ 16.3m
Hongyu Cai
Senior EVP4.6yrsUS$315.00k0.0012%
$ 830.2k
John Thornton
Non-Independent Chairman & Member of International Advisory Board14.3yrsUS$1.17m0.16%
$ 117.1m
J. Harvey
Independent Director20.5yrsUS$360.16k0.0017%
$ 1.2m
William Cohen
Member of International Advisory Boardno datano datano data
Charles Powell
Member of International Advisory Boardno datano datano data
Brian Greenspun
Independent Director11.9yrsUS$320.00k0.0019%
$ 1.3m
Newt Gingrich
Member of International Advisory Boardno datano datano data
José Aznar
Member of International Advisory Boardno datano datano data
Karl-Theodor Zu Guttenberg
Member of International Advisory Boardno datano datano data
John Baird
Member of International Advisory Boardno datano datano data
Loreto Silva
Lead Independent Non-Executive Director6.8yrsUS$335.16kno data
9.4yrs
Average Tenure
72yo
Average Age

Experienced Board: B's board of directors are considered experienced (9.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 03:50
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Barrick Mining Corporation is covered by 50 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
David ColemanArgus Research Company
Richard GrayATB Cormark