US EditionBarrick Reports Share Repurchases and Declares Q1 Dividend
- Barrick Mining Corp. reported a first-quarter 2025 profit of US$474 million with gold production of 758,000 ounces and copper production of 44,000 tonnes.
- The profit increase followed higher gold and copper prices despite a production decline caused mainly by suspensions at the Loulo-Gounkoto mine in Mali.
- Barrick reported an average realized gold price of $2,898 per ounce and a copper price of $4.51 per pound in the first quarter, with revenue increasing to $3.13 billion compared to $2.75 billion in the same period last year.
- The company noted all-in sustaining costs rose 20.4% to US$1,775 per ounce but expects costs to decrease as production improves, while analysts' earnings estimate was surpassed at 27 cents per share.
- Barrick expects 2025 gold output between 3.15 million and 3.50 million ounces excluding Loulo-Gounkoto and is proceeding with divestments amid ongoing operational streamlining.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
Winnipeg Free Press+8 Reposted by 8 other sources
Barrick reports US$474M first-quarter profit up from US$295M a year ago
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
Read Full Article
Barrick Mining Corporation reported a first quarter of 2025 with outstanding financial results. Net profits reached $474 million, an increase of 59% compared to the same period of the previous year. Adjusted net earnings were $603 million, surpassing analysts’ expectations. Gold production was 758,000 ounces, at the top end of the company’s guidance. Although it represents a decrease of 19% compared to the previous year, average gold prices were…
Coverage Details
Total News Sources16
Leaning Left6Leaning Right1Center4Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 36%
Factuality
To view factuality data please Upgrade to Premium
