Barrick Mining shares fell 7.33% to $41.21 on Monday even after the miner posted stronger-than-expected second-quarter results and secured a $1.95 billion cash top-up from Newmont tied to their Nevada Gold Mines joint venture. The stock decline may reflect profit-taking after a nearly 30% rally since mid-July, though the shares remain up 78.06% over the past 12 months. Adjusted earnings came in at 82 cents per share, above the 78-cent analyst estimate, while revenue rose to $5.29 billion from a $4.53 billion consensus. Operating cash flow increased 28% year over year to $1.70 billion and net earnings climbed 50% to $1.22 billion. Barrick repurchased $1.2 billion of stock during the quarter, lifting total shareholder returns to $1.50 billion, up 242% from a year earlier, and declared a second-quarter dividend of 17.5 cents per share payable Sept. 15 to shareholders of record Aug. 31. Gold production rose 11% from the first quarter to 796,000 ounces, above guidance of 730,000 to 770,000 ounces, helped by stronger performance at Loulo-Gounkoto, Pueblo Viejo and Cortez. Costs increased as lower grades, higher fuel prices and royalties weighed on margins. Copper production fell 5% year over year to 56,000 tonnes, in line with plan, while copper costs also rose. Separately, Barrick and Newmont agreed to expand Nevada Gold Mines by adding Barrick’s Fourmile project and Newmont’s Mike and Fiberline properties, creating a Nevada gold complex with nearly 100 million ounces. Newmont will pay Barrick $1.95 billion in cash within 30 days, settling all outstanding disputes linked to the venture. Newmont also approved Barrick’s planned initial public offering (share sale listing) of its North American gold assets, which remains targeted for completion by year-end, with President and CEO Mark Hill set to lead the new company as CEO. Barrick kept its 2026 production guidance for both gold and copper unchanged, while trimming its 2026 attributable capital spending forecast to $3.8 billion to $4.2 billion from $4.0 billion to $4.45 billion, mainly because of lower planned spending at Reko Diq.