The Canadian economy is facing uncertainty, leading many investors to seek safe havens. Gold is historically a top choice during volatile times, but it typically does not offer a yield. Fortunately, Barrick Mining Corporation (TSX:ABX)(NYSE:B) offers investors the best of both worlds: robust exposure to rising precious metal prices and an above-average dividend yielding around 1.5%.
Barrick recently reported stellar first-quarter results for 2026, proving its ability to capitalize on a highly supportive pricing environment. The company produced 719,000 ounces of gold, easily beating its guidance range. With realized gold prices surging to $4,823 per ounce, the overall financial performance was exceptional. The company generated $2.6 billion in operating cash flow, representing a massive 111% year-over-year increase. Furthermore, adjusted net earnings skyrocketed by 180% to $0.98 per share.
For income-focused investors, Barrick is incredibly attractive today. The company declared a quarterly dividend of $0.175 per share. Its dividend policy currently targets a total payout of 50% of attributable free cash flow, including a performance top-up at year-end. Thanks to strong execution and massive free cash flow, the board of directors also officially authorized a substantial $3 billion share buyback program.
As the company prepares for the planned initial public offering of its North American assets to unlock further shareholder value by the end of 2026, the stock looks incredibly compelling right now. If you want reliable safety and consistent income during times of broad economic instability, this powerhouse mining enterprise is clearly an excellent portfolio investment to safely buy, hold, and collect reliable passive dividends from for the long term.
