Tanzania, May 12 -- Toronto. Barrick Mining Corporation has reported a sharp rise in first-quarter earnings and cash flow, driven by higher gold prices, increased production and lower operating costs.

The mining giant produced 719,000 ounces of gold and 49,000 tonnes of copper during the quarter ended March 31, 2026, generating revenue of $5.22 billion.

Net earnings rose to $1.60 billion, or $0.96 per share, compared to $474 million, or $0.27 per share, recorded during the same period last year.

Barrick president and chief executive officer Mark Hill said the company had started the year strongly after exceeding production targets for both gold output and costs.

"We operated safely and outperformed our plan on both gold production and...