Barrick Mining Q2 Earnings Meet Estimates, Sales Up on Higher Prices

Barrick Mining Corporation B 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 QuoteB’s Operational HighlightsTotal 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 PositionAt 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 GuidanceFor 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 PicksB 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, Gold Fields Limited GFI and Vizsla Silver Corp. VZLA.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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gold Fields Limited (GFI): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Vizsla Silver Corp. (VZLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks