Barrick Mining 2025 Q3 Earnings Net Income Surges 144% to $1.9 Billion

Barrick Mining (B) reported third-quarter 2025 earnings that exceeded expectations, . The company reaffirmed its full-year guidance, maintaining production and cost targets despite macroeconomic headwinds.

Revenue

Barrick’s total revenue rose 23.2% to $4.15 billion, driven by robust gold sales of $3.75 billion and copper sales of $328 million. Spot market sales contributed $3.58 billion, while concentrate sales added $173 million. , . The performance underscores strong demand for precious metals amid inflationary pressures.

Earnings/Net Income

, reflecting operational efficiency and higher gold prices. Net income growth outpaced revenue gains, signaling improved margins. The company’s sustained profitability for eight consecutive years highlights its resilience in volatile markets.

Post-Earnings Price Action Review

Following the earnings release, , climbed 5.26% over the past week, . The positive momentum aligns with analysts’ bullish outlook, who cited the company’s expanded share buyback program and dividend hike as confidence signals.

CEO Commentary

CEO emphasized operational execution, noting increased gold production and cost discipline. “Our focus on optimizing existing mines and accelerating development projects is driving sustainable growth,” he stated, while acknowledging inflationary and geopolitical risks.

Guidance

. CAPEX is targeted at $1.8–$1.9 billion, .

Additional News

1. Expansion: Barrick increased its repurchase program by $500 million, , reflecting confidence in cash flow generation.

2. M&A Activity: Newmont is reportedly evaluating a potential deal involving Barrick’s Nevada assets, amid speculation of a broader industry consolidation.

3. Dividend Hike, , signaling strong capital return priorities.

Analyst Outlook

, respectively, citing Barrick’s robust balance sheet and strategic focus on high-margin projects. The expanded buyback program and dividend hike further underscore management’s commitment to shareholder value.