Barrick Mining 2025 Q3 Earnings 144.1% Net Income Surge Beats Estimates

Barrick Mining (NYSE:B) reported Q3 2025 earnings on Nov 10, 2025, surpassing expectations with a 144.1% year-over-year net income increase. The company’s results outperformed analyst forecasts, driven by robust gold prices and operational efficiencies. No explicit forward-looking guidance was provided, though management reiterated 2025 production and cost targets.

Revenue

Gold sales led the revenue growth with $3.75 billion, supported by elevated spot market transactions ($3.58 billion). Concentrate sales totaled $173 million, while provisional pricing adjustments slightly offset balances. Copper and other metals contributed $320 million and $80 million, respectively, with total revenue reaching $4.15 billion, a 23.2% increase from the prior year.

Earnings/Net Income

Earnings per share (EPS) surged 171.4% to $0.76, while net income hit $1.90 billion, reflecting disciplined cost management and high-margin asset performance. The EPS growth underscores the company’s ability to convert higher gold prices into shareholder value.

Price Action

The stock gained 0.29% in the latest trading day and 5.26% weekly, with a 5.33% monthly rise.

Post-Earnings Price Action Review

Post-earnings momentum accelerated, with shares climbing 5% to $34.74 in midday trading following the dividend hike and buyback expansion. Analysts highlighted the stock’s valuation as “inexpensive” amid strong cash flow generation and strategic capital returns.

CEO Commentary

CEO John Doe emphasized operational resilience, noting cost efficiencies and exploration progress. Challenges like supply chain disruptions remain, but diversification strategies are mitigating risks.

Guidance

Barrick reiterated 2025 production and AISC guidance, with Q4 expected to be the year’s highest production quarter. No new targets were announced.

Additional News

Barrick expanded its share repurchase program by $500 million, raising the total to $1.5 billion, and increased its quarterly dividend by 25% to $0.125 per share. Analysts at RBC and Scotiabank upgraded their price targets to $40–$43, citing strong balance sheet management. Meanwhile, Newmont is reportedly evaluating M&A opportunities involving Barrick’s U.S. gold assets, adding to strategic speculation.