US EditionBarrick Mining: Q2 Earnings Snapshot
TORONTO, CANADA, AUG 11 – Barrick Mining's Q2 profit rose to $811 million as gold prices increased to $3,295 per ounce, offsetting a production drop, with revenue reaching $3.68 billion, analysts said.
- In Toronto, the miner disclosed Monday that Barrick Mining Corporation reported US$811 million in net income for the quarter ended June 30, up from US$370 million a year earlier.
- Despite lower output, Barrick Mining Corporation said gold production declined to 797,000 ounces from 948,000 a year earlier while the realized gold price rose to US$3,295 per ounce.
- The company posted revenue of $3.68 billion, up from $3.16 billion a year earlier, and copper production rose to 59,000 tonnes from 43,000.
- Investors rewarded the results, pushing shares higher after Barrick Mining Corporation earned 47 cents per share, matching analyst forecasts, and shares climbed 51% since last year.
- For 2025, Barrick Mining Corporation forecasts gold guidance between 3.15 and 3.50 million ounces and is on track to replace over 80% of the gold mined this year.
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Why Is Barrick Mining Stock Falling Monday? - Barrick Mining (NYSE:B)
Barrick Mining Corp (NYSE: B) reported strong Q2 earnings, driven by higher gold prices and growth in copper. CEO Bristow is optimistic about the company's portfolio and commitment to returns.
·New York, United States
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Barrick delivers a strong performance in Q2
Barrick Mining Corporation delivered a strong performance in the second quarter, increasing gold and copper production, growing free cash flow1 and advancing its pipeline of Tier One2 projects, all while returning more capital to shareholders. The performance builds on the first quarter’s positive start to the year and positions the Company for an even stronger second …
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Total News Sources15
Leaning Left5Leaning Right0Center3Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 38%
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