Recent Updates — ABX
Barrick Mining Corporation reported second quarter 2026 results, achieving net earnings of $1.22 billion ($0.73 per share) and operating cash flow of $1.70 billion. The company produced 796,000 ounces of gold and 56,000 tonnes of copper. Barrick reached an agreement with Newmont to expand the Nevada Gold Mines Joint Venture by vending in excluded properties early; Newmont will pay a top-up payment of $1.95 billion within thirty days, resolving all outstanding disputes. The company declared a quarterly dividend of $0.175 per share and repurchased $1.2 billion in shares during the quarter. Barrick remains on track to complete its North American IPO by year-end, with Mark Hill set as CEO of the new entity upon separation. Barrick Mining Corporation is a leading global mining company focused on gold and copper exploration, development, and production.
Abacus Global Management, Inc. entered into a First Amendment to Credit Agreement on June 29, 2026, which provided $75,000,000 in incremental term loans, increasing the total aggregate principal amount outstanding under the Amended Credit Agreement to $225,000,000. The interest rate is based on a term Secured Overnight Financing Rate (SOFR) term SOFR plus 5.25% per annum, with a stepdown to 5.00% based on EBITDA and leverage ratios. Additionally, director Sean McNealy is resigning from the board effective June 30, 026, due to retirement. Abacus Global Management, Inc. operates in the financial management industry and provides management services.