We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Barrick Mining Q2 Earnings Meet Estimates, Sales Up on Higher Prices
Read MoreHide Full Article
Key Takeaways
Barrick Q2 profit rose to $811M from $370M, boosted by a 40.6% gold price surge.
Gold output fell 15.9% to 797K oz, while sales climbed 16.4% to $3.68B.
Barrick reaffirmed attributable gold production outlook in the range of 3.15 to 3.5 million ounces.
Barrick Mining Corporation (B - Free Report) recorded profits (on a reported basis) of $811 million or 47 cents per share for second-quarter 2025, up from $370 million or 21 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 47 cents. The figure was in line with the Zacks Consensus Estimate.
Barrick recorded total sales of $3,681 million, up 16.4% year over year.
Barrick Mining Corporation Price, Consensus and EPS Surprise
Total gold production was 797,000 ounces in the reported quarter, down around 15.9% year over year. The average realized price of gold was $3,295 per ounce in the quarter, up around 40.6% year over year.
The cost of sales increased around 14.8% year over year to $1,654 per ounce. All-in-sustaining costs (AISC) moved up 12.4% to $1,684 per ounce in the quarter.
B’s Financial Position
At the end of the quarter, Barrick had cash and cash equivalents of $4,802 million, up 19% year over year. The company’s total debt was $4,729 million at the end of the quarter, flat year over year.
The operating cash flow was $1,329 million for the quarter, whereas the free cash flow was $395 million.
B’s Guidance
For 2025, Barrick continues to anticipate 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.
Barrick 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.
B’s Zacks Rank & Other Key Picks
B currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth a look in the basic materials space include Avino Silver & Gold Mines Ltd. (ASM - Free Report) , Gold Fields Limited (GFI - Free Report) and Vizsla Silver Corp. (VZLA - Free Report) .
Avino Silver is slated to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 104.2%. Avino Silver flaunts a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Gold Fields is slated to report second-quarter results on Aug. 22. The Zacks Consensus Estimate for GFI’s second-quarter earnings is pegged at 59 cents per share. Gold Fields currently sports a Zacks Rank #1.
Vizsla is expected to report quarterly results on Sept. 11. The consensus estimate for VZLA’s earnings is pegged at a loss of a penny per share. VZLA’s earnings met the Zacks Consensus Estimate in three of the last four quarters while beating it in one, with the average surprise being 75%. Vizsla sports a Zacks Rank #1 at present.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Barrick Mining Q2 Earnings Meet Estimates, Sales Up on Higher Prices
Key Takeaways
Barrick Mining Corporation (B - Free Report) recorded profits (on a reported basis) of $811 million or 47 cents per share for second-quarter 2025, up from $370 million or 21 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 47 cents. The figure was in line with the Zacks Consensus Estimate.
Barrick recorded total sales of $3,681 million, up 16.4% year over year.
Barrick Mining Corporation Price, Consensus and EPS Surprise
Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote
B’s Operational Highlights
Total gold production was 797,000 ounces in the reported quarter, down around 15.9% year over year. The average realized price of gold was $3,295 per ounce in the quarter, up around 40.6% year over year.
The cost of sales increased around 14.8% year over year to $1,654 per ounce. All-in-sustaining costs (AISC) moved up 12.4% to $1,684 per ounce in the quarter.
B’s Financial Position
At the end of the quarter, Barrick had cash and cash equivalents of $4,802 million, up 19% year over year. The company’s total debt was $4,729 million at the end of the quarter, flat year over year.
The operating cash flow was $1,329 million for the quarter, whereas the free cash flow was $395 million.
B’s Guidance
For 2025, Barrick continues to anticipate 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.
Barrick 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.
B’s Zacks Rank & Other Key Picks
B currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth a look in the basic materials space include Avino Silver & Gold Mines Ltd. (ASM - Free Report) , Gold Fields Limited (GFI - Free Report) and Vizsla Silver Corp. (VZLA - Free Report) .
Avino Silver is slated to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 104.2%. Avino Silver flaunts a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Gold Fields is slated to report second-quarter results on Aug. 22. The Zacks Consensus Estimate for GFI’s second-quarter earnings is pegged at 59 cents per share. Gold Fields currently sports a Zacks Rank #1.
Vizsla is expected to report quarterly results on Sept. 11. The consensus estimate for VZLA’s earnings is pegged at a loss of a penny per share. VZLA’s earnings met the Zacks Consensus Estimate in three of the last four quarters while beating it in one, with the average surprise being 75%. Vizsla sports a Zacks Rank #1 at present.