Dividend Increased by 140% Yet... Gold Mining Leader Plummets 7% in a Day

Barrick Mining Corporation (ticker: B) closed at $43.91 on May 5 on the New York Stock Exchange, down 7.33% from the prior day. Its market capitalization contracted to about $74.1 billion (roughly KRW 99 trillion), wiping out approximately $5 billion (KRW 6.7 trillion) in a single day, with trading volume totaling 13.74 million shares.

On the same day, Barrick Mining announced its Q4 2025 results: revenues of $6.0 billion, record quarterly cash flow, and earnings per share of $1.43. The company unveiled a new dividend policy, raising the quarterly dividend by 140% to $0.42 per share and committing to return 50% of annual free cash flow to shareholders. At the same time, it formalized plans to group its North American gold assets—Nevada Gold Mines, Pueblo Viejo, and Fourmile—into a separate entity and pursue an IPO by the end of 2026. Barrick also appointed Mark Hill as CEO and announced a review of security risks at the Reko Diq project in Pakistan. Despite these moves, the stock weakened as investors took profits.

Headquartered in Toronto, Canada, Barrick Mining ranks among the world’s top three gold and copper producers. In 2025, it rebranded from Barrick Gold and changed its NYSE ticker to B, signaling a shift from a gold-focused miner to an integrated gold-and-copper company. Operating large-scale mines across 17–18 countries in North and South America, Africa, and the Middle East, Barrick is the largest gold producer in the United States and is viewed as a benchmark mining stock sensitive to gold prices, power and infrastructure investment cycles, and emerging-market resource policies.