BARRICK MINING Business Summary

Barrick Mining Corp (NYSE: B) is a premier global mining enterprise primarily engaged in the exploration, development, and production of gold and copper. The company generates revenue through the sale of gold bullion and copper concentrate, operating a decentralized model across three primary geographic segments: North America, Latin America & Asia Pacific, and Africa & Middle East. As of February 2026, Barrick has aggressively pivoted toward a "dual-commodity" strategy, with copper now contributing nearly 30% of EBITDA, while simultaneously initiating a strategic IPO of its North American gold assets—including its interests in Nevada Gold Mines and the Fourmile discovery—to unlock regional valuation. In the competitive landscape, Barrick maintains a top-tier market position alongside Newmont Corporation, Agnico Eagle Mines, and Freeport-McMoRan, distinguishing itself through its high-margin "Tier One" asset focus and an industry-leading dividend policy tied to free cash flow. The company is currently undergoing a significant leadership transition led by President and CEO Mark Hill, a 20-year Barrick veteran who was permanently appointed in February 2026 to succeed Mark Bristow. Hill, previously the head of Latin America and Asia Pacific operations, is supported by incoming CFO Helen Cai, a former Goldman Sachs executive and Barrick board member who assumes the role on March 1, 2026, following the departure of long-time CFO Graham Shuttleworth. Strategic oversight is provided by Chairman John Thornton, a former President of Goldman Sachs, whose tenure has focused on geopolitical navigation and capital discipline. The leadership team is further bolstered by the recent board appointment of Robert Samek, a former Senior Partner at McKinsey & Company, ensuring a high degree of institutional and operational expertise as the firm executes its 2026 restructuring and North American spin-off.