Barrick Increases Share Buyback Program

Core Points - Barrick Mining Corporation has approved an increase to its existing share repurchase program by $500 million, following the successful repurchase of $1.0 billion of shares as of September 30, 2025 [1][2] - The original repurchase program authorized in February 2025 allowed for the repurchase of up to $1.0 billion of common shares over 12 months, which has now been fully utilized [2] - The Board will evaluate the size and scope of any potential repurchase program for 2026 in its meeting scheduled for February 2026 [2] Share Repurchase Program - The repurchase can be executed through various methods in the U.S. markets, including open market purchases, in compliance with U.S. Securities and Exchange Commission regulations [3] - The company believes its shares may trade below their underlying value at times, influencing the decision to repurchase shares [4] - The actual number of shares repurchased and the timing will depend on several factors, including financial performance and cash flow availability [4][5] Company Overview - Barrick Mining Corporation is a leading global mining company with a significant portfolio of gold and copper assets, operating in 18 countries across five continents [6] - The company is recognized as the largest gold producer in the United States and aims to create long-term value through responsible mining practices and strong partnerships [6]