Barrick Mining Reports Q2 Profit Surge, Increases Gold Output, Declares Dividend

Barrick Mining Corporation reported strong second-quarter results in 2025, with net earnings of $811 million or $0.47 per share, significantly higher than the previous year and exceeding analysts' expectations. The company's revenue rose 16.4% to $3.681 billion, driven largely by a surge in gold prices, with the average realized gold price increasing to $3,295 per ounce from $2,344 a year earlier. Production improvements were noted across gold and copper, with key operations such as Nevada Gold Mines and Pueblo Viejo contributing to growth and copper production trending toward the upper end of full-year guidance. Barrick also increased free cash flow and returned capital to shareholders through dividends and share repurchases, reflecting confidence in ongoing projects like Goldrush, Lumwana, and Reko Diq. The company is advancing its Tier One projects while maintaining production growth and cost reductions, positioning itself strongly for the second half of the year. Despite the positive earnings report, Barrick's stock fell 3.39% in pre-market trading on the NYSE.