Barrick Mining's Kibali Mine Soars as Nevada Dispute Ends

Barrick Mining's Kibali mine in the Democratic Republic of Congo shone brightly in the first half of 2026, generating $654 million in revenue, a significant jump from $417 million in the same period last year. The increase can be attributed to higher gold prices.

The company's Nevada Gold Mines dispute with Newmont has finally been resolved, with a $1.95 billion cash settlement payable within 30 days. This clears the way for Barrick's planned North American listing of its gold business by year-end 2026.

The earnings release showed an 11% improvement in production numbers, but the company's full-year guidance was reaffirmed at 2.90 to 3.25 million ounces. Analysts remain divided on the path forward for Barrick Mining, with some trimming price targets while others maintained their 'Buy' stance.