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Barrick Gold Stock Surges on Strong Q4 Results

Marcus LeeWednesday, Feb 12, 2025 12:29 pm ET

1min read

ABVX -- GOLD --

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) shares jumped on Tuesday following the release of its strong fourth quarter and full-year 2024 results. The mining giant reported a 69% increase in net earnings to $2.14 billion, a 51% increase in adjusted net earnings to $2.21 billion, and a 30% rise in attributable EBITDA to $5.19 billion for the year. The company's stock price rose by 5.2% in response to the positive earnings report.

Barrick Gold's North America and Africa and Middle East operations met their production guidance for the year, while the Latin America and Asia Pacific region delivered slightly below guidance due to a slower-than-expected ramp-up at Pueblo Viejo. Despite this, the company's overall attributable gold production for the year was 3.91 million ounces, in line with annual guidance. Copper production also increased, with the company delivering 195,000 tonnes in 2024, at the midpoint of its annual guidance.

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nrthrnbr

02/12

Long on $GOLD, solid EBITDA, no brainer

GoodCoffeee

Gold mining is like a never-ending treasure hunt. Barrick hit pay dirt with those earnings.

TheLastMemeLeft

Who else eyeing more gold miners after this? 🤔

TheOSU87

@TheLastMemeLeft Where do you think gold prices are headed?

No-Explanation7351

$GOLD meeting production guidance is like hitting the bullseye. Consistency matters, folks.

ResponsibleCell1606

5.2% pop on $GOLD, gotta love those gains

Stevitop

@ResponsibleCell1606 How long you been holding GOLD? Curious if you think it'll keep climbing or take a dip soon.

SelectHuckleberrys

195k tonnes of copper? Barrick's got some serious green in the ground. 📈

Certain-Dragonfly-22

Nice ramp-up issues, Pueblo Viejo! Smooth like butter.

pimppapy

69% net earnings boost is solid. Gold bugs, rejoice. More copper too, nice bonus.

Solidplum101

North America and Africa delivering. Diversification FTW. Anyone else bullish on their regional exposure?

MustiXV

$GOLD eventually the massive copper projects will be valued. Plus gold reserves are still super high. Gold and copper both getting attention.

Silver-Feeling6281

Pueblo Viejo ramp-up issues? No sweat, just a speed bump. Latin America will hit stride soon.

therealchengarang

$GOLD looking solid. Thinking of adding it to my diversified mining basket. 🤔

owter12

Pueblo Viejo ramp-up was slow, but that 5.2% pop is sweet. Long-term hold anyone?

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Comfortable_Corner80

Barrick's EBITDA jump is 🔥. Long $GOLD in my portfolio pays off. Who else riding this wave?