Barrick Mining stock gains 1.56 percent as North Mara license extends

Published on 10/06/2026 at 17:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barrick Mining stock traded at USD 40.62 on October 6, 2026, while its 52-week high stood at USD 54.69. Q2 revenue reached USD 5.292 billion, up 44 percent year over year.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

Barrick Mining stock was trading at USD 40.62 on the NYSE on October 6, 2026 at 11:34 a.m. ET, up 1.56 percent from the previous close. The immediate company catalyst is a 15-year renewal of the North Mara mining licenses in Tanzania, reported by RTTNews on October 5, 2026.

North Mara gets 15-year certainty

The renewed licenses cover North Mara through 2041 and support Barrick's operating partnership with Tanzania. The government holds a 16 percent interest in the mine, while Barrick and its partner share the economic benefits equally, according to RTTNews.

The license extension matters because North Mara remains a material operating asset, but its recent production profile also shows the execution challenge. First-half attributable output fell 47 percent to 68,000 ounces, while all-in sustaining costs rose 79 percent to USD 2,283 per ounce, according to SP Angel on October 6, 2026. Barrick kept its 2026 North Mara production guidance at 200,000 to 230,000 ounces.

Q2 revenue sets a higher base

Barrick reported second-quarter 2026 revenue of USD 5.292 billion, up 44 percent from the prior-year quarter, while reported earnings reached USD 1.217 billion, up 50 percent, according to Zacks. Adjusted earnings per share came in at USD 0.82, exceeding the USD 0.81 consensus estimate.

The company also maintained 2026 attributable gold production guidance of 2.9 million to 3.25 million ounces and reduced capital expenditure guidance to USD 3.8 billion to USD 4.2 billion from USD 4.0 billion to USD 4.45 billion, as reported by Zacks.

Consensus target stays above the stock

MarketBeat reported on October 6, 2026 that 21 brokerages carry a Moderate Buy consensus, including 16 Buy ratings, four Holds and one Strong Buy. The average 12-month target is USD 52.90, which lies 30.3 percent above the USD 40.62 NYSE price.

For investors, the contrast is clear: the license renewal improves operating visibility, while North Mara's higher costs make delivery against the unchanged production range important. Barrick is scheduled to report third-quarter 2026 results on November 9, 2026.

NYSE price rises with room below high

Barrick Mining was trading at USD 40.62 on the NYSE on October 6, 2026 at 11:34 a.m. ET. The session range was USD 39.74 to USD 40.64, the 52-week range was USD 30.35 to USD 54.69, market capitalization was USD 68.1 billion and volume was 2,537,127 shares.