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    Why Barrick (TSX:ABX) Is Down 5.2% After Nevada JV Deal And IPO Plans For North American Assets

    Simply Wall St·08/15/2026 10:23:41
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    • Barrick Mining Corporation recently reported second-quarter 2026 results showing higher sales of US$5,292 million and net income of US$1,217 million year-on-year, while also reaffirming its 2026 gold and copper production guidance and declaring a US$0.175 per-share dividend.
    • Alongside earnings, Barrick resolved all outstanding Nevada Gold Mines joint venture disputes with Newmont, secured US$1.95 billion in consideration for contributed properties, and gained Newmont’s consent to proceed with an IPO of its North American gold assets, potentially reshaping the company’s asset mix and capital allocation options.
    • Next, we’ll examine how Barrick’s stronger earnings and Nevada joint venture resolution affect its existing investment narrative and long-term assumptions.

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    Barrick Mining Investment Narrative Recap

    To own Barrick today, you generally need to believe in large scale, long life gold and copper assets that can convert stable production into healthy cash generation. The most important short term catalyst remains how Barrick executes on the Nevada Gold Mines joint venture and any North American gold IPO, while the biggest risk still lies in operational and political exposure across Africa and the Middle East. The latest results and Nevada deal reinforce, rather than transform, that core story.

    The Nevada Gold Mines agreement with Newmont, including US$1.95 billion in consideration and consent for a North American gold IPO, is the standout development here. It directly affects how Barrick might simplify its portfolio and recycle capital around higher quality assets, which ties closely to the investment case and to how resilient the business could be if geopolitical or ESG related costs rise elsewhere in the portfolio.

    Yet against this progress, the unresolved exposure to tougher jurisdictions remains something investors should be very aware of if...

    Read the full narrative on Barrick Mining (it's free!)

    Barrick Mining's narrative projects $24.9 billion revenue and $7.1 billion earnings by 2029. This requires 9.4% yearly revenue growth and about a $1.0 billion earnings increase from $6.1 billion today.

    Uncover how Barrick Mining's forecasts yield a CA$65.74 fair value, a 14% upside to its current price.

    Exploring Other Perspectives

    TSX:ABX Earnings & Revenue Growth as at Aug 2026
    TSX:ABX Earnings & Revenue Growth as at Aug 2026

    The most optimistic analysts were already assuming revenue could reach about US$31.0 billion and earnings US$9.7 billion by 2029, so if you see Fourmile and the Nevada refresh as a springboard rather than just housekeeping, you are implicitly closer to that more upbeat view than the cautious consensus.

    Explore 7 other fair value estimates on Barrick Mining - why the stock might be worth just CA$60.00!

    Decide For Yourself

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.