Barrick Mining Corporation (B) 10-Year Financial Performance & Capital Metrics

B • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersGlobal Gold Majors

AboutBarrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties. The company explores for gold, copper, silver, and energy materials. The company was formerly known as Barrick Gold Corporation and changed its name to Barrick Mining Corporation in May 2025. Barrick Mining Corporation was founded in 1983 and is based in Toronto, Canada.Show more

Revenue $12.92B +13.4%
EBITDA $6.1B +25.7%
Net Income $2.14B +68.6%
EPS (Diluted) 1.22 +69.4%
Gross Margin 38.39% +26.3%
EBITDA Margin 47.2% +10.8%
Operating Margin 32.38% +31.3%
Net Margin 16.59% +48.7%
ROE 6.57% +63.5%
ROIC 9.3% +43.7%
Debt/Equity 0.16 -3.2%
Interest Coverage 10.27 +31.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 68.4%
✓Strong Piotroski F-Score: 8/9
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 54.0%
✓Healthy 5Y average net margin of 10.8%

✗Weaknesses

✗Weak 3Y average ROE of 4.0%
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y26.19%

5Y54.02%

3Y2.54%

TTM50.67%

Profit (Net Income) CAGR

10Y33.6%

5Y68.39%

3Y1.97%

TTM210.16%

EPS CAGR

10Y-5.38%

5Y-16.85%

3Y-68.64%

TTM211.7%

ROCE

10Y Avg9.71%

5Y Avg9.29%

3Y Avg7.62%

Latest9.46%

Peer Comparison

Global Gold Majors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEMAgnico Eagle Mines Limited	100.62B	200.42	53.02	22.78%	32.68%	14.56%	2.11%	0.06
KGCKinross Gold Corporation	40.14B	33.25	43.18	21.44%	27.28%	21.71%	3.42%	0.21
AUAngloGold Ashanti Plc	49.76B	98.55	42.30	26.43%	9%	7.27%	1.75%	0.25
BBarrick Mining Corporation	83.76B	49.64	40.69	13.38%	24.53%	10.56%	1.57%	0.16
NEMNewmont Corporation	124.63B	114.21	39.93	57.6%	33.82%	21.51%	2.38%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.19B	1.23B	1.44B	1.5B	1.49B	1.12B	11.98B	11.01B	11.4B	12.92B
Revenue Growth %	-0.05%	0.03%	0.17%	0.04%	-0%	-0.25%	9.66%	-0.08%	0.03%	0.13%
Cost of Goods Sold+	782.82M	788.73M	943.78M	963.52M	944.15M	721.24M	7.09B	7.5B	7.93B	7.96B
COGS % of Revenue	0.66%	0.64%	0.66%	0.64%	0.63%	0.64%	0.59%	0.68%	0.7%	0.62%
Gross Profit+	411.16M	442.03M	492.72M	532.37M	546.96M	403.15M	4.9B	3.52B	3.46B	4.96B
Gross Margin %	0.34%	0.36%	0.34%	0.36%	0.37%	0.36%	0.41%	0.32%	0.3%	0.38%
Gross Profit Growth %	-0.05%	0.08%	0.11%	0.08%	0.03%	-0.26%	11.14%	-0.28%	-0.01%	0.43%
Operating Expenses+	242.76M	247.73M	286.27M	300.6M	310.52M	279.78M	555M	492M	655M	777M
OpEx % of Revenue	0.2%	0.2%	0.2%	0.2%	0.21%	0.25%	0.05%	0.04%	0.06%	0.06%
Selling, General & Admin	239.99M	245.54M	286.27M	300.6M	310.52M	279.78M	151M	159M	126M	115M
SG&A % of Revenue	0.2%	0.2%	0.2%	0.2%	0.21%	0.25%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	1M	1M	1M	16M	15M	10M	0
R&D % of Revenue	-	-	-	0%	0%	0%	0%	0%	0%	-
Other Operating Expenses	2.77M	2.19M	0	-1M	-1M	-1M	388M	318M	519M	661M
Operating Income+	168.4M	194.3M	206.45M	231.76M	236.45M	123.37M	4.34B	3.02B	2.81B	4.18B
Operating Margin %	0.14%	0.16%	0.14%	0.15%	0.16%	0.11%	0.36%	0.27%	0.25%	0.32%
Operating Income Growth %	-0.06%	0.15%	0.06%	0.12%	0.02%	-0.48%	34.19%	-0.3%	-0.07%	0.49%
EBITDA+	246.64M	274.45M	296.6M	326M	335.51M	211.03M	6.44B	5.02B	4.85B	6.1B
EBITDA Margin %	0.21%	0.22%	0.21%	0.22%	0.23%	0.19%	0.54%	0.46%	0.43%	0.47%
EBITDA Growth %	-0.06%	0.11%	0.08%	0.1%	0.03%	-0.37%	29.53%	-0.22%	-0.03%	0.26%
D&A (Non-Cash Add-back)	78.24M	80.15M	90.15M	94.24M	99.06M	87.66M	2.1B	2B	2.04B	1.92B
EBIT	168.64M	194.5M	210.27M	224.34M	227.47M	117.44M	4.98B	2.02B	3.16B	5.03B
Net Interest Income+	-10.7M	-11.88M	-14.57M	-16.84M	-20.63M	-15.94M	-294.39M	-242.02M	-65.17M	-123.76M
Interest Income	0	0	0	0	0	0	56.5M	90.28M	295.32M	283.69M
Interest Expense	10.7M	11.88M	14.57M	16.84M	20.63M	15.94M	350.89M	332.29M	360.49M	407.45M
Other Income/Expense	-10.45M	-11.68M	-10.75M	-24.27M	-29.6M	-21.88M	291M	-1.34B	4M	424M
Pretax Income+	157.95M	182.62M	195.7M	207.5M	206.84M	101.5M	4.63B	1.68B	2.81B	4.61B
Pretax Margin %	0.13%	0.15%	0.14%	0.14%	0.14%	0.09%	0.39%	0.15%	0.25%	0.36%
Income Tax+	36.57M	47.02M	136.28M	41.31M	48.49M	38.12M	1.34B	664M	861M	1.52B
Effective Tax Rate %	0.77%	0.74%	0.3%	0.8%	0.77%	0.62%	0.44%	0.26%	0.45%	0.47%
Net Income+	121.38M	135.6M	59.41M	166.19M	158.35M	63.38M	2.02B	432M	1.27B	2.14B
Net Margin %	0.1%	0.11%	0.04%	0.11%	0.11%	0.06%	0.17%	0.04%	0.11%	0.17%
Net Income Growth %	0.03%	0.12%	-0.56%	1.8%	-0.05%	-0.6%	30.91%	-0.79%	1.94%	0.69%
Net Income (Continuing)	121.38M	135.6M	59.41M	166.19M	158.35M	63.38M	3.29B	1.02B	1.95B	3.09B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	8.45B	8.52B	8.66B	8.97B
EPS (Diluted)+	2.19	2.48	1.09	3.15	3.07	1.24	39.56	8.46	0.72	1.22
EPS Growth %	0.03%	0.13%	-0.56%	1.89%	-0.03%	-0.6%	30.9%	-0.79%	-0.91%	0.69%
EPS (Basic)	2.21	2.50	1.10	3.18	3.09	1.25	39.67	8.49	0.72	1.22
Diluted Shares Outstanding	55.51M	54.63M	54.61M	52.83M	51.63M	51.1M	51.11M	51.06M	1.75B	1.75B
Basic Shares Outstanding	55.03M	54.19M	54.07M	52.3M	51.21M	50.88M	50.98M	50.91M	1.75B	1.75B
Dividend Payout Ratio	1.32%	0.63%	2.1%	0.75%	3.46%	8.63%	0.31%	2.65%	0.55%	0.32%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	611.59M	608.49M	768.72M	806.15M	764.39M	642.35M	8.25B	8.46B	7.44B	7.63B
Cash & Short-Term Investments	83.93M	66.45M	145.29M	100.72M	93.81M	79.14M	5.28B	4.44B	4.15B	4.07B
Cash Only	83.93M	66.45M	145.29M	100.72M	93.81M	79.14M	5.28B	4.44B	4.15B	4.07B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	294.23M	314.29M	381.47M	439.44M	416.51M	325.19M	942M	906M	1.18B	1.36B
Days Sales Outstanding	89.95	93.21	96.93	107.22	101.95	105.56	28.69	30.03	37.73	38.5
Inventory	208.61M	227.76M	241.96M	265.99M	232.71M	238.01M	1.73B	1.78B	1.78B	1.94B
Days Inventory Outstanding	97.27	105.4	93.58	100.76	89.96	120.45	89.28	86.71	82	89.04
Other Current Assets	-7.64M	-27.16M	-32.53M	-57.18M	-46.16M	-73.73M	87M	1.09B	127M	103M
Total Non-Current Assets+	1.45B	1.53B	1.6B	2B	1.97B	2.03B	38.64B	37.5B	38.37B	39.99B
Property, Plant & Equipment	308.86M	334.49M	359.3M	370.53M	356.6M	370.95M	25.04B	25.9B	26.5B	28.64B
Fixed Asset Turnover	3.87x	3.68x	4.00x	4.04x	4.18x	3.03x	0.48x	0.43x	0.43x	0.45x
Goodwill	587.99M	633.44M	690.22M	955.52M	933.02M	1.01B	4.77B	3.58B	3.58B	3.1B
Intangible Assets	528.32M	522.26M	507.04M	636.54M	581.12M	564.13M	68M	67M	67M	66M
Long-Term Investments	0	0	0	0	0	0	5.01B	4.09B	4.26B	4.15B
Other Non-Current Assets	23.97M	13.43M	28.27M	19.76M	81.97M	65.13M	3.73B	3.83B	3.96B	4.04B
Total Assets+	2.06B	2.14B	2.37B	2.81B	2.74B	2.68B	46.89B	45.97B	45.81B	47.63B
Asset Turnover	0.58x	0.58x	0.61x	0.53x	0.54x	0.42x	0.26x	0.24x	0.25x	0.27x
Asset Growth %	-0.01%	0.04%	0.11%	0.19%	-0.03%	-0.02%	16.52%	-0.02%	-0%	0.04%
Total Current Liabilities+	252.55M	301.88M	315.76M	357.86M	342.88M	295.38M	2.09B	3.12B	2.36B	2.64B
Accounts Payable	97.03M	112.02M	127.52M	143.42M	118.51M	112.43M	539M	741M	678M	655M
Days Payables Outstanding	45.24	51.84	49.32	54.33	45.81	56.9	27.75	36.08	31.2	30.03
Short-Term Debt	24.2M	32.89M	7M	7.66M	9.76M	4.39M	9M	32M	32M	71M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	8.44M	8.26M	8.29M	8.62M	12.66M	6.32M	286M	357M	507M	400M
Current Ratio	2.42x	2.02x	2.43x	2.25x	2.23x	2.17x	3.95x	2.71x	3.16x	2.89x
Quick Ratio	1.60x	1.26x	1.67x	1.51x	1.55x	1.37x	3.12x	2.14x	2.40x	2.15x
Cash Conversion Cycle	141.97	146.77	141.19	153.66	146.1	169.12	90.22	80.66	88.53	97.51
Total Non-Current Liabilities+	681.56M	667.3M	789.63M	1.25B	1.12B	998.17M	12.5B	11.56B	11.45B	11.73B
Long-Term Debt	485.71M	468.06M	525.6M	936.36M	825.02M	699.87M	5.4B	5.15B	5.13B	5.13B
Capital Lease Obligations	0	0	0	0	0	0	53M	57M	45M	46M
Deferred Tax Liabilities	62.36M	66.45M	73.5M	106.56M	88.41M	91.67M	3.29B	3.25B	3.44B	3.89B
Other Non-Current Liabilities	133.49M	132.79M	190.53M	205.14M	211.51M	206.63M	3.16B	3.1B	2.8B	2.64B
Total Liabilities	934.11M	969.18M	1.11B	1.61B	1.47B	1.29B	14.58B	14.68B	13.81B	14.37B
Total Debt+	509.91M	500.95M	532.6M	944.02M	845.53M	715.97M	5.47B	5.25B	5.22B	5.26B
Net Debt	425.98M	434.51M	387.31M	843.3M	751.72M	636.82M	193M	810M	1.07B	1.18B
Debt / Equity	0.45x	0.43x	0.42x	0.78x	0.67x	0.52x	0.17x	0.17x	0.16x	0.16x
Debt / EBITDA	2.07x	1.83x	1.80x	2.90x	2.52x	3.39x	0.85x	1.05x	1.08x	0.86x
Net Debt / EBITDA	1.73x	1.58x	1.31x	2.59x	2.24x	3.02x	0.03x	0.16x	0.22x	0.19x
Interest Coverage	15.74x	16.35x	14.17x	13.76x	11.46x	7.74x	12.37x	9.10x	7.79x	10.27x
Total Equity+	1.13B	1.17B	1.26B	1.2B	1.27B	1.38B	32.31B	31.29B	32B	33.26B
Equity Growth %	0.01%	0.04%	0.08%	-0.05%	0.06%	0.09%	22.37%	-0.03%	0.02%	0.04%
Book Value per Share	20.32	21.39	23.08	22.77	24.61	27.06	632.06	612.80	18.23	18.99
Total Shareholders' Equity	1.13B	1.17B	1.26B	1.2B	1.27B	1.38B	23.86B	22.77B	23.34B	24.29B
Common Stock	621K	627K	630K	634K	639K	642K	28.5B	28.11B	28.12B	27.66B
Retained Earnings	1.07B	1.18B	1.21B	1.36B	1.49B	1.52B	-6.57B	-7.28B	-6.71B	-5.27B
Treasury Stock	-226.42M	-251.83M	-298M	-441.67M	-498.07M	-516.99M	0	0	0	0
Accumulated OCI	-143.25M	-200.83M	-106.4M	-190.5M	-210.5M	-122.31M	-23M	26M	24M	33M
Minority Interest	0	0	0	0	0	0	8.45B	8.52B	8.66B	8.97B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.79B	2.64B	2.06B	1.76B	2.83B	5.42B	4.38B	3.48B	3.73B	4.49B
Operating CF Margin %	2.34%	2.15%	1.44%	1.18%	1.9%	4.82%	0.37%	0.32%	0.33%	0.35%
Operating CF Growth %	0.22%	-0.06%	-0.22%	-0.15%	0.61%	0.91%	-0.19%	-0.2%	0.07%	0.2%
Net Income	-2.84B	655M	1.44B	-1.54B	3.97B	2.32B	2.02B	432M	1.27B	2.14B
Depreciation & Amortization	1.86B	1.56B	1.38B	1.83B	1.68B	1.83B	2.16B	2.52B	2.4B	1.41B
Stock-Based Compensation	18.4M	82M	80M	43.1M	71M	87M	81M	55M	66M	65M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3.76B	580M	-135M	1.63B	-2.63B	1.43B	525M	891M	362M	1.3B
Working Capital Changes	-4M	-238M	-693M	-192M	-249M	-253M	-413M	-415M	-367M	-430M
Change in Receivables	81M	-5M	8M	-9M	-118M	-192M	-46M	89M	-155M	-4M
Change in Inventory	24M	-190M	-372M	-111M	9M	121M	-163M	-219M	-97M	-172M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	250M	-412M	-337M	-1.49B	50M	-1.29B	-1.9B	-1.71B	-2.82B	-2.76B
Capital Expenditures	-1.71B	-1.13B	-1.4B	-1.4B	-1.7B	-2.05B	-2.44B	-3.05B	-3.09B	-3.17B
CapEx % of Revenue	1.43%	0.91%	0.97%	0.94%	1.14%	1.83%	0.2%	0.28%	0.27%	0.25%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.96B	714M	1.06B	-94M	1B	768M	538M	1.34B	270M	410M
Cash from Financing+	-3.27B	-2.3B	-1.89B	-925M	-1.14B	-2.25B	-2.39B	-2.6B	-1.21B	-1.79B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-160M	-86M	-125M	-125M	-548M	-547M	-634M	-1.14B	-700M	-696M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	18M	-154M	-228M	-113M	-282M	-1.33B	-977M	-642M	-449M	-587M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.08B	1.51B	669M	365M	1.13B	3.36B	1.94B	432M	646M	1.32B
FCF Margin %	0.91%	1.23%	0.47%	0.24%	0.76%	2.99%	0.16%	0.04%	0.06%	0.1%
FCF Growth %	8.95%	0.4%	-0.56%	-0.45%	2.1%	1.97%	-0.42%	-0.78%	0.5%	1.04%
FCF per Share	19.47	27.71	12.25	6.91	21.92	65.82	38.01	8.46	0.37	0.75
FCF Conversion (FCF/Net Income)	23.02x	19.47x	34.76x	10.62x	17.89x	85.48x	2.17x	8.06x	2.93x	2.09x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.84%	11.81%	4.89%	13.49%	12.8%	4.78%	12%	1.36%	4.02%	6.57%
Return on Invested Capital (ROIC)	8.09%	9.23%	9.53%	9.41%	8.72%	4.58%	18.86%	7.02%	6.47%	9.3%
Gross Margin	34.44%	35.92%	34.3%	35.59%	36.68%	35.86%	40.85%	31.93%	30.4%	38.39%
Net Margin	10.17%	11.02%	4.14%	11.11%	10.62%	5.64%	16.87%	3.92%	11.16%	16.59%
Debt / Equity	0.45x	0.43x	0.42x	0.78x	0.67x	0.52x	0.17x	0.17x	0.16x	0.16x
Interest Coverage	15.74x	16.35x	14.17x	13.76x	11.46x	7.74x	12.37x	9.10x	7.79x	10.27x
FCF Conversion	23.02x	19.47x	34.76x	10.62x	17.89x	85.48x	2.17x	8.06x	2.93x	2.09x
Revenue Growth	-5.39%	3.08%	16.72%	4.13%	-0.32%	-24.59%	965.91%	-8.11%	3.49%	13.38%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Molding Solutions Products	-	-	376.6M	487.3M	503.79M	442.56M	400.81M	458.68M	402.6M	408.69M
Molding Solutions Products Growth	-	-	-	29.39%	3.38%	-12.15%	-9.44%	14.44%	-12.23%	1.51%
Aerospace Original Equipment Manufacturing Products	-	-	288.4M	323.4M	336.99M	367.54M	234.58M	246.85M	265.18M	382.13M
Aerospace Original Equipment Manufacturing Products Growth	-	-	-	12.14%	4.20%	9.07%	-36.18%	5.23%	7.43%	44.10%
Force & Motion Control Products	-	-	-	-	196.21M	186.74M	153.4M	185.6M	181.2M	372.88M
Force & Motion Control Products Growth	-	-	-	-	-	-4.83%	-17.85%	20.99%	-2.37%	105.79%
Aerospace Aftermarket Products and Services	-	-	118.2M	139.2M	164.18M	185.07M	119.69M	115.51M	163.97M	225.92M
Aerospace Aftermarket Products and Services Growth	-	-	-	17.77%	17.94%	12.73%	-35.33%	-3.49%	41.95%	37.78%
Automation Products	-	-	-	-	8.79M	54.64M	54.89M	67.96M	59.46M	61.25M
Automation Products Growth	-	-	-	-	-	521.37%	0.47%	23.81%	-12.51%	3.01%
Engineered Components Products	-	-	-	-	-	254.57M	161.02M	184.24M	189.46M	-
Engineered Components Products Growth	-	-	-	-	-	-	-36.75%	14.42%	2.83%	-
Industrial	822.1M	782.3M	-	-	-	-	-	-	-	-
Industrial Growth	-	-4.84%	-	-	-	-	-	-	-	-
Aerospace	440M	411.7M	-	-	-	-	-	-	-	-
Aerospace Growth	-	-6.43%	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Americas	-	-	-	-	752.54M	763.48M	550.71M	627.76M	664.74M	794.74M
Americas Growth	-	-	-	-	-	1.45%	-27.87%	13.99%	5.89%	19.56%
Europe	-	-	-	-	462.72M	448.2M	370.54M	393.92M	376.14M	428.38M
Europe Growth	-	-	-	-	-	-3.14%	-17.33%	6.31%	-4.51%	13.89%
Asia	-	-	-	-	272.96M	271.63M	194.32M	229.28M	210.27M	216.37M
Asia Growth	-	-	-	-	-	-0.49%	-28.46%	17.99%	-8.29%	2.90%
Other Geographic Market	-	-	-	-	7.66M	7.8M	8.83M	7.89M	10.71M	11.39M
Other Geographic Market Growth	-	-	-	-	-	1.83%	13.10%	-10.58%	35.77%	6.26%
Domestic	618.9M	589.6M	562.6M	638.6M	-	-	-	-	-	-
Domestic Growth	-	-4.73%	-4.58%	13.51%	-	-	-	-	-	-
GERMANY	249.9M	210.5M	238.3M	301.7M	-	-	-	-	-	-
GERMANY Growth	-	-15.77%	13.21%	26.61%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Barrick Mining Corporation (B) has a price-to-earnings (P/E) ratio of 40.7x. This suggests investors expect higher future growth.

Growth & Financials

Barrick Mining Corporation (B) reported $14.60B in revenue for fiscal year 2024. This represents a 1588% increase from $865.1M in 2011.

Barrick Mining Corporation (B) grew revenue by 13.4% over the past year. This is steady growth.

Yes, Barrick Mining Corporation (B) is profitable, generating $3.58B in net income for fiscal year 2024 (16.6% net margin).

Dividend & Returns

Yes, Barrick Mining Corporation (B) pays a dividend with a yield of 0.80%. This makes it attractive for income-focused investors.

Barrick Mining Corporation (B) has a return on equity (ROE) of 6.6%. This is below average, suggesting room for improvement.

Barrick Mining Corporation (B) generated $2.81B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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