Barrick Mining Corporation (B) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.740 Presenting our results today are Mark Hill, Barrick's President and CEO, and Graham Shuttleworth, 00:00:05.740 -- 00:00:10.927 Senior EVP and CFO. Other members of Barrick's management team will be available 00:00:10.927 -- 00:00:14.032 after our prepared remarks for Q&A. 00:00:14.032 -- 00:00:17.998 Before we begin, please note that we will be making forward-looking statements. 00:00:17.998 -- 00:00:22.304 This slide includes a summary of the significant risks and factors that could affect 00:00:22.304 -- 00:00:24.885 Barrick's future performance. 00:01:11.125 -- 00:01:15.632 Turning to our performance in Q4, we built on last quarter's momentum and posted strong 00:01:15.632 -- 00:01:17.936 financial results. 00:01:17.936 -- 00:01:22.803 As I said, we logged several company records, included adjusted earnings per share, cash 00:01:22.803 -- 00:01:27.247 flow, and importantly, shareholder returns. 00:01:27.651 -- 00:01:31.216 Production increased from last quarter to the highest level of the year, which resulted 00:01:31.216 -- 00:01:36.016 in an 82% increase in EBITDA versus last year. 00:01:36.016 -- 00:01:39.481 We increased our base dividend by another 40% 00:01:39.481 -- 00:01:42.802 and adopted a new dividend policy. 00:01:43.005 -- 00:01:48.573 Cash flow for the quarter was up 96% from last year and we logged a year of record 00:01:48.573 -- 00:01:52.015 annual cash returns to our shareholders. 00:01:52.498 -- 00:01:58.523 4Mile continues to grow and we're excited about advancing this 100% owned gold asset. 00:01:59.067 -- 00:02:03.432 Finally, consistent with the announcement we made in December and following rigorous 00:02:03.432 -- 00:02:08.557 analysis, the Board has decided to move forward with preparations for an 00:02...