Barrick’s unprecedented operational leverage to bullion and copper prices is the primary reason to buy it.
Additionally, the company possesses a pristine balance sheet, and an aggressive shareholder return program combining fixed base dividends, variable top-up payouts, and a $3.0 billion share buyback. Coupled with long-life organic copper catalysts like Reko Diq and Lumwana, the firm offers high-margin commodity exposure.
BARRICK MINING CORP. (Symbol ABX on Toronto; www.barrick.com) is the second-largest gold miner in the world after Newmont (symbol NEM on New York, and a recommendation of our Wall Street Stock Forecaster newsletter).
Barrick has now slowed operations at its Reko Diq copper and gold project in Pakistan due to security challenges in the region and the broader Middle East.
This decision followed an earlier statement, made in February 2026, about reviewing the project amidst increasing security incidents in Balochistan, where the project is situated. The company has extended this review period by 12 months from July 2026 to evaluate potential impacts and adjust its delivery strategy for Reko Diq.
Located in the Chagai district, Reko Diq lies close to Afghanistan and Iran.
The Reko Diq site is said to be among the world’s largest untapped copper-gold deposits, with ownership split between Barrick (50%), three federal state-owned enterprises (25%) and the Government of Balochistan (25%).
Meanwhile, Barrick has awarded Australian Stock Exchange-listed mining services provider Perenti Ltd. a contract to provide underground mining services at its Fourmile project in Nevada. The $270 million (Cdn.) contract will span 45 months, with work due to start in July 2026.
Fourmile, which is wholly owned by Barrick, is located adjacent to the Goldrush project where Barminco already operates for Nevada Gold Mines, That’s a joint venture between Barrick, with a 61.5% stake, and Newmont Corp., with a 38.5% stake.
Barminco will start development of Fourmile‘s twin Bullion Hill portals as part of 16 kilometres of planned underground development, while providing ground support, surface facilities and associated mining services.
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Barrick’s sale plans will boost value for shareholders
Barrick continues to move forward on its plan to sell a minority stake in its North American gold assets, separating them from the miner’s gold and copper mines in riskier parts of the world such as in Africa, the Middle East, Asia and South America.
The company plans to sell between 10% and 15% of its North American gold mines through an initial public offering by the end of 2026.
Those include the Nevada Gold Mines venture, in which Newmont (symbol NEM on New York) owns an almost 39% stake, and the Pueblo Viejo mine in the Dominican Republic, which is 40% held by Newmont. It also would include Barrick’s wholly owned Fourmile discovery in Nevada, which the company describes as one of this century’s most significant gold finds.
Separately, the company is considering selling or spinning off its operations in Africa. That would cut the risk of operating in politically risky countries, such as Mali, where the military-led government seized two of Barrick’s mines in a dispute over royalties. The company paid $430 million U.S. to settle the matter.
The plans come as Barrick hunts for a new CEO and looks to expand production. It also comes in the wake of activist investor Elliott Management building up a sizable stake in Barrick, spurred by the prospect of a breakup.
Recommendation in Power Growth Investor: Barrick Mining Corp. is a buy.
