03:02 PM EDT, 08/13/2025 (MT Newswires) -- Barrick Mining ( B ) is offering value to investors amid a pickup in cash returns following a broadly in-line Q2 results, UBS said in a Monday note.

"Barrick offers value & long-term growth and potential catalysts/enhanced cash returns from portfolio restructuring," the report said.

The note said a rise in cash returns was a positive with the firm moving to a net cash position triggering a 50% lift in dividend via a "performance dividend" and a lift in the rate of buybacks.

The report also said the "negative" takeaway from the results was a $30/oz upside to unit costs as a result of higher royalties.

UBS kept its buy rating and $26 price target.

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