Barrick Mining Corp cash flow statement B

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Barrick Mining Corp generated $7.7 billion of cash from operations, up 71.2% from the year before. It spent $3.8 billion on capital expenditures. That left free cash flow of $3.9 billion. The company returned $890.0 million in dividends and $1.5 billion in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2010 Dec 31, 2010
Operating
Depreciation and amortization	—	—	—	—	—	—	—	—	—	1,149
Stock-based compensation	119 +495.0%	20 -20.0%	25 -26.5%	34 +3.0%	33	—	—	—	—	—
Operating cash flow	7,689 +71.2%	4,491 +20.3%	3,732 +7.2%	3,481 -20.5%	4,378 -19.2%	5,417 +91.2%	2,833 +60.5%	1,765 -14.5%	2,065	4,127 +277.7%
Investing
Capital expenditures	3,821 +20.4%	3,174 +2.9%	3,086 +1.2%	3,049 +25.2%	2,435 +18.5%	2,054 +20.8%	1,701 +21.5%	1,400 +0.3%	1,396	3,560
Investing cash flow	-1,236 +55.3%	-2,764 +1.8%	-2,816 -64.6%	-1,711 +9.8%	-1,897 -47.5%	-1,286 -2672.0%	50 +103.3%	-1,494 -343.3%	-337	-4,172 -72.8%
Financing
Debt issued	—	—	—	—	—	0	0	0	0	—
Debt repaid	14	0 -100.0%	43 -88.5%	375 +5257.1%	7 -98.0%	353 +25.6%	281 -59.1%	687 -55.2%	1,533	—
Dividends paid	890 +27.9%	696 -0.6%	700 -38.8%	1,143 +80.3%	634 +15.9%	547 -0.2%	548 +338.4%	125 +0.0%	125	436 +18.2%
Stock buybacks	1,500 +201.2%	498	0 -100.0%	424	—	—	—	—	—	—
Financing cash flow	-3,823 -113.0%	-1,795 -49.0%	-1,205 +53.7%	-2,604 -9.0%	-2,388 -5.9%	-2,254 -97.9%	-1,139 -23.1%	-925 +51.0%	-1,886	1,434 -75.4%
Change in cash
Effect of exchange rate	2 +133.3%	-6 -100.0%	-3 +50.0%	-6 -500.0%	-1 +66.7%	-3 -200.0%	-1 +88.9%	-9 -400.0%	3	—
Net change in cash	2,632 +3656.8%	-74 +74.7%	-292 +65.2%	-840 -1013.0%	92 -95.1%	1,874 +7.5%	1,743 +362.9%	-663 -327.7%	-155	—
Free cash flow	3,868 +193.7%	1,317 +103.9%	646 +49.5%	432 -77.8%	1,943 -42.2%	3,363 +197.1%	1,132 +210.1%	365 -45.4%	669	567
Per share
Free cash flow per share	2.27 +201.3%	0.75 +104.3%	0.37 +50.9%	0.24 -77.7%	1.09 -42.3%	1.89 +193.7%	0.64 +105.9%	0.31 -45.5%	0.57	—
Dividend per share	—	—	—	—	—	—	—	—	—	0.44
Shareholder returns
Returned to shareholders	2,390	1,194	700	1,567	634	547	548	125	125	436
Share of free cash flow	61.79%	90.66%	108.36%	362.73%	32.63%	16.27%	48.41%	34.25%	18.68%	76.90%
Ratios
Free cash flow margin	22.81%	10.19%	5.67%	3.92%	16.21%	26.70%	11.65%	5.04%	7.99%	—
Capital expenditures to revenue	22.53%	24.56%	27.08%	27.69%	20.32%	16.31%	17.51%	19.33%	16.67%	—
Stock-based compensation to revenue	0.70%	0.15%	0.22%	0.31%	0.28%	—	—	—	—	—
Cash conversion	1.07x	1.45x	1.91x	3.42x	1.33x	1.50x	0.62x	—	1.36x	1.25x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Gold and Silver Ores (SIC 1040)
Listed as: B (NYSE)
Fiscal year ends: December 31
Incorporated in: British Columbia, Canada
Headquarters: Toronto
SEC CIK: 756894
Former names: BARRICK GOLD CORP (until Apr 29, 2025)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.