Barrick Mining’s (TSX: ABX) first quarter looked strong at first glance, especially compared to a year ago. Revenue jumped, earnings climbed, free cash flow stayed strong, and the company kept building its cash position. But the real story changes when you compare these results to the previous quarter, where production, sales, and several key financial metrics all moved lower despite a much stronger gold price environment.
In this video, we break down Barrick’s Q1 2026 results, including revenue, earnings, EBITDA, free cash flow, production, costs, and valuation. We also look at why the year-over-year comparison may be flattering the numbers, how Barrick stacks up against peers like Agnico and Newmont, and why this quarter may not have been as strong as the stock market reaction suggested.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
One Response
Sorry, but to compare a Barrick Q4 with a Q1 makes no sense, as all major maintenance work takes place in the first quarter every year. The production low is allways in the first quarter of the year. In addition, the reason for the very good Q4 25 was, that Barrick sold much more than it produced! In Q1 26, B sold just a few ounces of gold more than it produced and sold a few thousand tonnes of copper less than it produced. Given the fact that B sold two producing mines last year, the production results of Q1 were pretty decent for a Q1. Of course, B like all miners profited from tailwinds in the comodity prices.