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ValueScreener company report

Barrick Mining Corporation (B)

NYSE / Basic Materials / Gold

Share price

40.55 USD Market dataClose of Oct 15, 2026

Market capitalisation

66.79B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 27, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

18.8% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

13.38x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

5.8% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 8.56B USDFY2016 Net income: 655.0M USDFY2017 Revenue: 8.37B USDFY2017 Net income: 1.44B USDFY2018 Revenue: 7.24B USDFY2018 Net income: -1.54B USDFY2019 Revenue: 9.72B USDFY2019 Net income: 3.97B USDFY2020 Revenue: 12.60B USDFY2020 Net income: 2.32B USDFY2021 Revenue: 11.98B USDFY2021 Net income: 2.02B USDFY2022 Revenue: 11.01B USDFY2022 Net income: 432.0M USDFY2023 Revenue: 11.40B USDFY2023 Net income: 1.27B USDFY2024 Revenue: 12.92B USDFY2024 Net income: 2.14B USDFY2025 Revenue: 16.96B USDFY2025 Net income: 4.99B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 13.38x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Basic Materials sector (124 companies), 13.38x sits at the 18th percentile; the middle half of that group runs from 15.03x to 34.97x.

Is it good

Return on equity was 18.8% in FY2025, in the band labelled "Strong" (15.0% to 25.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.

Today, against the Gold industry (43 companies), 18.8% sits at the 83rd percentile; the middle half of that group runs from -19.3% to 17.2%.

Is it safe

Debt to equity was 0.18 in FY2025, in the band labelled "Conservative" (below 0.50), on lines anchored on Graham's defensive-investor criteria, suggesting a balance sheet that relies little on borrowing.

Today, against the Basic Materials sector (146 companies), 0.18 sits at the 26th percentile; the middle half of that group runs from 0.18 to 0.89.

Year by year against peers
Whether Barrick Mining Corporation's return on equity stayed above the median of the Gold industry, year by year. (FY2019 to FY2025, 7 fiscal years of Barrick Mining Corporation with a comparable figure)
The direction
Which way Barrick Mining Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Barrick Mining Corporation)
What could explain it
What in Barrick Mining Corporation's filed statements could explain the movements. (5 readings drawn from the statement lines Barrick Mining Corporation filed)
What to check next
What to check next on Barrick Mining Corporation, and where in its filings. (3 questions for Barrick Mining Corporation)
In one paragraph
One paragraph on Barrick Mining Corporation's returns, cash, balance sheet and price. (10 of sixteen figures read for Barrick Mining Corporation)

These are B’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research BPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 40-F, filed Feb 27, 2026, accession 0001193125-26-079253.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Barrick Mining Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Return on equity18.8% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Return on assets9.7% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Gross margin51.3% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Net margin29.4% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
B 29.4%
AU 32.1%NEM 31.2%KGC 33.9%CDE 28.3%RGLD 45.2%
28.3%45.2%
Net margin: B against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Barrick Mining Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.18 ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Current ratio2.92 ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Quick ratio2.33 ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Net debt-2.00B ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Total assets 51.58BTotal liabilities 15.66BShareholders' equity 26.56BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Barrick Mining Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (40-F, filed Feb 27, 2026, 0001193125-26-079253).

Barrick Mining Corporation: balance sheet position
Total assets51.58B FiledFY2025 40-F, filed Feb 27, 2026
Total liabilities15.66B FiledFY2025 40-F, filed Feb 27, 2026
Shareholders' equity26.56B FiledFY2025 40-F, filed Feb 27, 2026
Cash6.71B FiledFY2025 40-F, filed Feb 27, 2026
Total debt4.70B FiledFY2025 40-F, filed Feb 27, 2026
Net debt-2.00B
Current ratio2.92
Debt to equity0.18
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Barrick Mining Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings13.38x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.52x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Price to sales3.94x ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Price to earnings over growth0.77 ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Diluted earnings per share
Why n/a

The FY2025 filing carries no diluted earnings per share we could read.

n/a FiledFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253

We publish no fair value or price target of our own. Value B on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Barrick Mining Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Barrick Mining Corporation: valuation
Share price40.55 USD
Market capitalisation66.79B USD
Enterprise value to EBITDAn/a
Graham numbern/a
Diluted earnings per sharen/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Barrick Mining Corporation

  1. AngloGold Ashanti Plc (AU)Market cap 46.31B USD
  2. Newmont Corporation (NEM)Market cap 122.00B USD
  3. Kinross Gold Corporation (KGC)Market cap 28.29B USD
  4. Coeur Mining, Inc. (CDE)Market cap 15.94B USD
  5. Royal Gold, Inc. (RGLD)Market cap 19.77B USD

Same industry (Gold) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Barrick Mining Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield5.8% ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Free cash flow3.87B USD ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Free cash flow margin22.8% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Dividend yield1.3% ComputedClose of Oct 15, 2026 · FY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Payout ratio17.8% ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
FY2016 Free cash flow: 1.51B USDFY2016 Net income: 655.0M USDFY2017 Free cash flow: 669.0M USDFY2017 Net income: 1.44B USDFY2018 Free cash flow: 365.0M USDFY2018 Net income: -1.54B USDFY2019 Free cash flow: 1.13B USDFY2019 Net income: 3.97B USDFY2020 Free cash flow: 3.36B USDFY2020 Net income: 2.32B USDFY2021 Free cash flow: 1.94B USDFY2021 Net income: 2.02B USDFY2022 Free cash flow: 432.0M USDFY2022 Net income: 432.0M USDFY2023 Free cash flow: 646.0M USDFY2023 Net income: 1.27B USDFY2024 Free cash flow: 1.32B USDFY2024 Net income: 2.14B USDFY2025 Free cash flow: 3.87B USDFY2025 Net income: 4.99B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filing

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Barrick Mining Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
13.38xFY2025Oct 15, 2026
2.52xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no operating income.
5.8%FY2025Oct 15, 2026
n/aFY2025Feb 27, 2026
n/a No operating income line is filed for this year.
1.3%FY2025Oct 15, 2026
0.18FY2025Feb 27, 2026
2.92FY2025Feb 27, 2026
3.94xFY2025Oct 15, 2026
0.77FY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.63FY2025Feb 27, 2026
8/9FY2025Feb 27, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Barrick Mining Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Barrick Mining Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202516.96Bn/a4.99Bn/a3.87Bn/a18.8%40-F, Feb 27, 20260001193125-26-079253
FY202412.92Bn/a2.14Bn/a1.32Bn/a8.8%40-F, Mar 14, 20250001193125-25-054500
FY202311.40Bn/a1.27Bn/a646.0Mn/a5.5%40-F, Mar 15, 20240001193125-24-068583
FY202211.01Bn/a432.0Mn/a432.0Mn/a1.9%40-F, Mar 17, 20230001193125-23-073212
FY202111.98Bn/a2.02Bn/a1.94Bn/a8.5%40-F, Mar 18, 20220001193125-22-078905
FY202012.60Bn/a2.32Bn/a3.36Bn/a10.0%40-F, Mar 19, 20210001193125-21-086732
FY20199.72Bn/a3.97Bn/a1.13Bn/a18.5%40-F, Mar 26, 20200001193125-20-085600
FY20187.24Bn/a-1.54Bn/a365.0Mn/a-20.4%40-F, Mar 22, 20190001193125-19-083744
FY20178.37Bn/a1.44Bn/a669.0Mn/a15.5%40-F, Mar 26, 20180001193125-18-094424
FY20168.56Bn/a655.0Mn/a1.51Bn/a8.3%40-F, Mar 26, 20180001193125-18-094424
  • Revenue, compound annual growth FY2016 to FY2025: 7.9%
  • Earnings, compound annual growth FY2016 to FY2025: 25.3%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow, compound annual growth FY2016 to FY2025: 11.0%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Barrick Mining Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.63 ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Piotroski F-score8/9 ComputedFY2025 40-F, filed Feb 27, 2026, 0001193125-26-079253
Named tests met1 of 30 Computed
Beta0.89 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 18 not met, 11 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; ROIC at or above WACC; Z-score and coverage (Edward Altman); P/E times P/B (Benjamin Graham); High returns, low debt; Cash-flow yield and ROIC; Clean books, high ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No operating income line is filed for this year.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 10 figures could not be read on this company, among them Positive Earnings Streak, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 11 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.