Barrick Mining Corporation
Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties. It explores for gold, copper, silver, and energy materials. The company was formerly known as Barrick Gold Corporation and changed its name to Barrick Mining Corporation in May 2025. Barrick Mining Corporation was founded in 1983 and is based in Toronto, Canada.
Barrick Mining Corporation (B) - Net Assets
Latest net assets as of December 2025: $35.92 Billion USD
Based on the latest financial reports, Barrick Mining Corporation (B) has net assets worth $35.92 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.58 Billion) and total liabilities ($15.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $35.92 Billion |
| % of Total Assets | 69.64% |
| Annual Growth Rate | 15.47% |
| 5-Year Change | 11.17% |
| 10-Year Change | 2974.06% |
| Growth Volatility | 348.26 |
Barrick Mining Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Barrick Mining Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Barrick Mining Corporation (1985–2025)
The table below shows the annual net assets of Barrick Mining Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $35.92 Billion | +8.00% |
| 2024-12-31 | $33.26 Billion | +3.92% |
| 2023-12-31 | $32.00 Billion | +2.28% |
| 2022-12-31 | $31.29 Billion | -3.15% |
| 2021-12-31 | $32.31 Billion | +2236.55% |
| 2020-12-31 | $1.38 Billion | +8.83% |
| 2019-12-31 | $1.27 Billion | +5.61% |
| 2018-12-31 | $1.20 Billion | -4.54% |
| 2017-12-31 | $1.26 Billion | +7.87% |
| 2016-12-31 | $1.17 Billion | +3.60% |
| 2015-12-31 | $1.13 Billion | +1.44% |
| 2014-12-31 | $1.11 Billion | -2.60% |
| 2013-12-31 | $1.14 Billion | +42.66% |
| 2012-12-31 | $800.12 Million | +10.76% |
| 2011-12-31 | $722.40 Million | +1.44% |
| 2010-12-31 | $712.12 Million | +4.00% |
| 2009-12-31 | $684.71 Million | +17.36% |
| 2008-12-31 | $583.41 Million | -10.79% |
| 2007-12-31 | $653.95 Million | +25.81% |
| 2006-12-31 | $519.79 Million | +29.57% |
| 2005-12-31 | $401.16 Million | +14.44% |
| 2004-12-31 | $350.52 Million | +8.95% |
| 2003-12-31 | $321.74 Million | +54.52% |
| 2002-12-31 | $208.22 Million | +4.72% |
| 2001-12-31 | $198.84 Million | -1.24% |
| 2000-12-31 | $201.33 Million | +11.48% |
| 1999-12-31 | $180.60 Million | -4.29% |
| 1998-12-31 | $188.70 Million | +4.31% |
| 1997-12-31 | $180.90 Million | +15.08% |
| 1996-12-31 | $157.20 Million | +22.05% |
| 1995-12-31 | $128.80 Million | +20.26% |
| 1994-12-31 | $107.10 Million | +16.67% |
| 1993-12-31 | $91.80 Million | -1.92% |
| 1992-12-31 | $93.60 Million | -32.56% |
| 1991-12-31 | $138.80 Million | +9.81% |
| 1990-12-31 | $126.40 Million | +12.26% |
| 1989-12-31 | $112.60 Million | -0.18% |
| 1988-12-31 | $112.80 Million | +16.17% |
| 1987-12-31 | $97.10 Million | -21.06% |
| 1986-12-31 | $123.00 Million | +7.89% |
| 1985-12-31 | $114.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Barrick Mining Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1204.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.83 Billion | 101.04% |
| Other Comprehensive Income | $-234.57 Million | -0.88% |
| Other Components | $1.13 Billion | 4.25% |
| Total Equity | $26.56 Billion | 100.00% |
Barrick Mining Corporation Competitors by Market Cap
The table below lists competitors of Barrick Mining Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Royal Caribbean Group
LSE:0I1W
|
$72.15 Billion |
|
Moodys Corporation
NYSE:MCO
|
$72.19 Billion |
|
United Parcel Service Inc
NYSE:UPS
|
$72.23 Billion |
|
Moody's Corp.
LSE:0K36
|
$72.96 Billion |
|
Münchener Rück AG
XETRA:MUV2
|
$71.95 Billion |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
$71.80 Billion |
|
Marvell Technology Group Ltd
NASDAQ:MRVL
|
$71.74 Billion |
|
CN YANGT.PWR GDR REG S/A
F:CYZB
|
$71.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Barrick Mining Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,290,000,000 to 26,557,000,000, a change of 2,267,000,000 (9.3%).
- Net income of 4,993,000,000 contributed positively to equity growth.
- Dividend payments of 890,000,000 reduced retained earnings.
- Share repurchases of 1,500,000,000 reduced equity.
- Other comprehensive income decreased equity by 267,572,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.99 Billion | +18.8% |
| Dividends Paid | $890.00 Million | -3.35% |
| Share Repurchases | $1.50 Billion | -5.65% |
| Other Comprehensive Income | $-267.57 Million | -1.01% |
| Other Changes | $-68.43 Million | -0.26% |
| Total Change | $- | 9.33% |
Book Value vs Market Value Analysis
This analysis compares Barrick Mining Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.75x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 551.63x to 2.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.08 | $42.80 | x |
| 1986-12-31 | $0.09 | $42.80 | x |
| 1987-12-31 | $0.08 | $42.80 | x |
| 1988-12-31 | $0.10 | $42.80 | x |
| 1989-12-31 | $0.10 | $42.80 | x |
| 1990-12-31 | $0.10 | $42.80 | x |
| 1991-12-31 | $0.11 | $42.80 | x |
| 1992-12-31 | $0.07 | $42.80 | x |
| 1993-12-31 | $0.07 | $42.80 | x |
| 1994-12-31 | $0.08 | $42.80 | x |
| 1995-12-31 | $0.10 | $42.80 | x |
| 1996-12-31 | $0.11 | $42.80 | x |
| 1997-12-31 | $0.13 | $42.80 | x |
| 1998-12-31 | $0.14 | $42.80 | x |
| 1999-12-31 | $0.14 | $42.80 | x |
| 2000-12-31 | $0.16 | $42.80 | x |
| 2001-12-31 | $0.15 | $42.80 | x |
| 2002-12-31 | $0.16 | $42.80 | x |
| 2003-12-31 | $0.21 | $42.80 | x |
| 2004-12-31 | $0.22 | $42.80 | x |
| 2005-12-31 | $0.24 | $42.80 | x |
| 2006-12-31 | $0.29 | $42.80 | x |
| 2007-12-31 | $0.33 | $42.80 | x |
| 2008-12-31 | $0.31 | $42.80 | x |
| 2009-12-31 | $0.37 | $42.80 | x |
| 2010-12-31 | $0.37 | $42.80 | x |
| 2011-12-31 | $0.38 | $42.80 | x |
| 2012-12-31 | $0.43 | $42.80 | x |
| 2013-12-31 | $0.61 | $42.80 | x |
| 2014-12-31 | $0.59 | $42.80 | x |
| 2015-12-31 | $0.60 | $42.80 | x |
| 2016-12-31 | $0.63 | $42.80 | x |
| 2017-12-31 | $0.68 | $42.80 | x |
| 2018-12-31 | $0.67 | $42.80 | x |
| 2019-12-31 | $0.72 | $42.80 | x |
| 2020-12-31 | $0.80 | $42.80 | x |
| 2021-12-31 | $13.73 | $42.80 | x |
| 2022-12-31 | $13.12 | $42.80 | x |
| 2023-12-31 | $13.30 | $42.80 | x |
| 2024-12-31 | $13.87 | $42.80 | x |
| 2025-12-31 | $15.58 | $42.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Barrick Mining Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.45%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.94x
- Recent ROE (18.80%) is above the historical average (11.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.61% | 2.80% | 1.70x | 2.22x | $700.00K |
| 1986 | 13.50% | 3.78% | 1.58x | 2.26x | $4.30 Million |
| 1987 | 18.33% | 3.89% | 1.54x | 3.07x | $8.09 Million |
| 1988 | 16.67% | 3.79% | 1.59x | 2.77x | $7.52 Million |
| 1989 | 11.01% | 2.43% | 1.56x | 2.91x | $1.14 Million |
| 1990 | 13.29% | 3.08% | 1.59x | 2.71x | $4.16 Million |
| 1991 | 11.46% | 2.97% | 1.57x | 2.46x | $2.02 Million |
| 1992 | -37.29% | -6.60% | 1.52x | 3.72x | $-44.26 Million |
| 1993 | 4.79% | 0.88% | 1.51x | 3.63x | $-4.78 Million |
| 1994 | 18.95% | 3.57% | 1.62x | 3.29x | $9.59 Million |
| 1995 | 21.35% | 4.64% | 1.64x | 2.81x | $14.62 Million |
| 1996 | 20.74% | 5.48% | 1.53x | 2.48x | $16.88 Million |
| 1997 | 22.33% | 6.29% | 1.58x | 2.26x | $22.31 Million |
| 1998 | 18.28% | 5.30% | 1.55x | 2.22x | $15.63 Million |
| 1999 | 15.84% | 4.60% | 1.21x | 2.86x | $10.54 Million |
| 2000 | 17.71% | 4.82% | 1.16x | 3.16x | $15.53 Million |
| 2001 | 9.62% | 2.49% | 1.21x | 3.20x | $-762.70K |
| 2002 | 13.04% | 3.46% | 1.20x | 3.13x | $6.33 Million |
| 2003 | 10.23% | 3.69% | 1.07x | 2.58x | $739.10K |
| 2004 | 8.57% | 3.02% | 1.06x | 2.67x | $-5.03 Million |
| 2005 | 13.50% | 4.91% | 1.10x | 2.51x | $14.04 Million |
| 2006 | 14.21% | 5.86% | 0.94x | 2.57x | $21.87 Million |
| 2007 | 15.50% | 7.15% | 0.92x | 2.35x | $35.94 Million |
| 2008 | 14.91% | 6.39% | 0.94x | 2.48x | $28.64 Million |
| 2009 | 5.70% | 3.77% | 0.76x | 1.97x | $-29.47 Million |
| 2010 | 7.48% | 5.18% | 0.73x | 1.97x | $-17.93 Million |
| 2011 | 8.96% | 7.48% | 0.60x | 1.99x | $-7.53 Million |
| 2012 | 11.90% | 10.26% | 0.50x | 2.34x | $15.24 Million |
| 2013 | 23.70% | 24.78% | 0.51x | 1.86x | $156.39 Million |
| 2014 | 10.65% | 9.38% | 0.61x | 1.87x | $7.19 Million |
| 2015 | 10.76% | 10.17% | 0.58x | 1.83x | $8.60 Million |
| 2016 | 11.61% | 11.02% | 0.58x | 1.83x | $18.77 Million |
| 2017 | 4.71% | 4.14% | 0.61x | 1.88x | $-66.62 Million |
| 2018 | 13.81% | 11.11% | 0.53x | 2.33x | $45.88 Million |
| 2019 | 12.46% | 10.62% | 0.54x | 2.16x | $31.30 Million |
| 2020 | 4.58% | 5.64% | 0.42x | 1.94x | $-74.89 Million |
| 2021 | 8.48% | 16.87% | 0.26x | 1.97x | $-363.70 Million |
| 2022 | 1.90% | 3.92% | 0.24x | 2.02x | $-1.85 Billion |
| 2023 | 5.45% | 11.16% | 0.25x | 1.96x | $-1.06 Billion |
| 2024 | 8.83% | 16.59% | 0.27x | 1.96x | $-285.00 Million |
| 2025 | 18.80% | 29.45% | 0.33x | 1.94x | $2.34 Billion |
Industry Comparison
This section compares Barrick Mining Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Barrick Mining Corporation (B) | $35.92 Billion | 10.61% | 0.44x | $71.96 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |