Barrick (B) Q2 2026 Earnings Call Transcript

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DATE

Monday, Aug. 10, 2026, astatine 11 a.m. ET

CALL PARTICIPANTS

• Vice President, Investor Relations - Emily Chang

• President and Chief Executive Officer - Mark F. Hill

• Senior Executive Vice President and Chief Financial Officer - Hongyu Cai

Full Conference Call Transcript

Operator: Welcome to Barrick's 2nd 4th 2026 Results Presentation. At this time, each participants are successful a listen-only mode. As a reminder, this lawsuit is being recorded and a replay volition beryllium disposable connected Veric's website aboriginal today. I volition present crook the telephone implicit to Emily Chang, vice president of capitalist relations. Please spell ahead.

Cleveland Dodge Rueckert: Thank you, and bully morning, everyone. Hope you person had an accidental to reappraisal the property releases issued earlier the markets opened this morning. The presumption platform we volition reappraisal is besides disposable to download connected our website. Website. Presenting our results contiguous are Mark F. Hill, Barrick's President and CEO and Hongyu Cai, Senior EVP and CFO. Other members of Barrick's absorption squad volition beryllium disposable aft our prepared remarks for Q&A. Before we begin, delight enactment that determination volition beryllium guardant looking statements. This descent includes a summary of the important and factors that could impact Barrick's aboriginal show and our quality to present connected those forward-looking statements. This worldly is besides disposable connected our website.

With that, I volition crook it implicit to Mark.

Mark F. Hill: Okay. Thanks, Emily, and bully morning, everyone. So for those who bash not cognize Emily, is our caller vice president, capitalist relations and joins america from US Steel. So earlier we stock our afloat quarterly results, I privation to statesman with the statement with Newmont we announced today. And, actually, I privation to spell disconnected publication consecutive distant to marque the lawyers tense here. So I privation to clarify a fewer misconceptions here. So firstly, the full worth of that bundle astir $4 billion. So, obviously, it includes the proportionality of Fourmile, but it besides includes publication of Newmont's properties, Mike and Fiberline, which I deliberation astir 6.4 cardinal ounces arsenic well.

It is besides the outgo of resolving humanities disputes and litigation betwixt the associated task partners. And it besides reduces the friction costs of the planned IPO, which volition unlock adjacent greater worth for the shareholders beyond the currency proceeds from the transaction. And arsenic we person said, they volition beryllium mostly returned. To the shareholders. So moving on, we person reached this statement aft 4 months of negotiations. So it present enables america to absorption connected delivering worth done safely and consistently producing ounces. And our involvement present are wholly aligned arsenic associated task spouse is critical.