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Barrick Gold's Q1 Earnings Surpass Estimates, Sales Up Y/Y
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Barrick Gold Corporation recorded net earnings (on a reported basis) of $474 million or 27 cents per share for first-quarter 2025. The figure improved from a profit of $295 million or 17 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 35 cents. The figure beat the Zacks Consensus Estimate of 29 cents.
Barrick recorded total sales of $3,130 million, up roughly 13.9% year over year.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Barrick Gold Corporation Price, Consensus and EPS Surprise
Total gold production was 758,000 ounces in the reported quarter, down roughly 19.4% year over year. The average realized price of gold was $2,898 per ounce in the quarter, up around 39.7%.
The cost of sales increased about 14.3% year over year to $1,629 per ounce. All-in-sustaining costs (AISC) moved up around 20.4% to $1,775 per ounce in the quarter.
GOLD’s Financial Position
At the end of the quarter, Barrick had cash and cash equivalents of $4,104 million, up 4% from the prior-year quarter. The company’s total debt was $4,727 million at the end of the quarter, flat year over year.
The operating cash flow was $1,212 million in the reported quarter, whereas free cash flow was $375 million.
GOLD’s Guidance
For 2025, Barrick anticipates attributable gold production to be in the range of 3.15-3.5 million ounces.
AISC is projected to be $1,460-$1,560 per ounce for 2025. Cash costs per ounce are forecast to be $1,050-$1,130. The company also expects to see a cost of sales of $1,460-$1,560 per ounce.
GOLD expects a copper production of 200,000-230,000 tons at AISC of $2.80-$3.10 per pound, cash costs per ounce of $1.80-$2.10 and cost of sales of $2.50-$2.80 per pound.
Total attributable capital expenditures are projected in the range of $3,100-$3,600 million for 2025.
GOLD’s Price Performance
Barrick’s shares have gained 16% in the past year compared with a 47.5% rise of the industry.
Hawkins is scheduled to report fiscal fourth-quarter results on May 14. The consensus estimate for Hawkins’ earnings is pegged at 74 cents. HWKN beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.
Contango Ore is slated to release first-quarter results on May 14. CTGO has a trailing four-quarter earnings surprise of 213.7%, on average.
Avino Silver & Gold Mines is slated to release first-quarter results on May 13. The consensus estimate for ASM’s first-quarter earnings is pegged at 3 cents. ASM has a trailing four-quarter earnings surprise of 94.4%, on average.
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Barrick Gold's Q1 Earnings Surpass Estimates, Sales Up Y/Y
Barrick Gold Corporation recorded net earnings (on a reported basis) of $474 million or 27 cents per share for first-quarter 2025. The figure improved from a profit of $295 million or 17 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 35 cents. The figure beat the Zacks Consensus Estimate of 29 cents.
Barrick recorded total sales of $3,130 million, up roughly 13.9% year over year.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Barrick Gold Corporation Price, Consensus and EPS Surprise
Barrick Gold Corporation price-consensus-eps-surprise-chart | Barrick Gold Corporation Quote
GOLD’s Operational Highlights
Total gold production was 758,000 ounces in the reported quarter, down roughly 19.4% year over year. The average realized price of gold was $2,898 per ounce in the quarter, up around 39.7%.
The cost of sales increased about 14.3% year over year to $1,629 per ounce. All-in-sustaining costs (AISC) moved up around 20.4% to $1,775 per ounce in the quarter.
GOLD’s Financial Position
At the end of the quarter, Barrick had cash and cash equivalents of $4,104 million, up 4% from the prior-year quarter. The company’s total debt was $4,727 million at the end of the quarter, flat year over year.
The operating cash flow was $1,212 million in the reported quarter, whereas free cash flow was $375 million.
GOLD’s Guidance
For 2025, Barrick anticipates attributable gold production to be in the range of 3.15-3.5 million ounces.
AISC is projected to be $1,460-$1,560 per ounce for 2025. Cash costs per ounce are forecast to be $1,050-$1,130. The company also expects to see a cost of sales of $1,460-$1,560 per ounce.
GOLD expects a copper production of 200,000-230,000 tons at AISC of $2.80-$3.10 per pound, cash costs per ounce of $1.80-$2.10 and cost of sales of $2.50-$2.80 per pound.
Total attributable capital expenditures are projected in the range of $3,100-$3,600 million for 2025.
GOLD’s Price Performance
Barrick’s shares have gained 16% in the past year compared with a 47.5% rise of the industry.
Image Source: Zacks Investment Research
GOLD’s Zacks Rank & Key Picks
GOLD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks worth a look in the basic materials space include Hawkins, Inc. (HWKN - Free Report) , Contango Ore, Inc. (CTGO - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) , each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 14. The consensus estimate for Hawkins’ earnings is pegged at 74 cents. HWKN beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%.
Contango Ore is slated to release first-quarter results on May 14. CTGO has a trailing four-quarter earnings surprise of 213.7%, on average.
Avino Silver & Gold Mines is slated to release first-quarter results on May 13. The consensus estimate for ASM’s first-quarter earnings is pegged at 3 cents. ASM has a trailing four-quarter earnings surprise of 94.4%, on average.