NYSE$B
Barrick Mining Corp · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Delivered higher gold and copper production, stronger EPS, and positive free cash flow in Q2 2025.
Barrick posted revenue of 3,681,000,000, EPS of 0.47 (adjusted EPS also 0.47), net income of 811,000,000, and operating income of 1,416,000,000, with production rising and free cash flow of 395,000,000.
- Revenue grew to 3,681,000,000 with gold and copper both contributing.
- EPS was 0.47; adjusted EPS matched at 0.47.
- Operating income reached 1,416,000,000; net income attributable to shareholders was 811,000,000.
- Free cash flow was 395,000,000 and cash & equivalents ended the quarter at 4,802,000,000.
Headline financials
Revenue & EPS history
Barrick · Revenue · Quarterly
$3.68B
Forward guidance
Management reiterated full-year guidance, highlighted copper trending toward the top end of the range, and said Goldrush, Pueblo Viejo, Lumwana, and Reko Diq remain on schedule; exploration could expand resources.
Tailwinds
- Copper output tracking toward the upper end of FY range.
- Goldrush ramp-up and Pueblo Viejo expansion progressing.
- Lumwana expansion early works ahead of schedule.
- Reko Diq onsite construction ramping up and on schedule.
- Fourmile drilling supports potential to double resources in 2025.
Headwinds
- Costs and AISC remain sensitive to commodity and input prices.
- Political and permitting risks in multiple jurisdictions.
- Currency, tax, and regulatory changes could impact results.
- Project execution risks could cause delays or higher costs.
- Market may not fully recognize asset value in the near term.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
+0.1%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-0.8%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+12.3%
Q4 2021
Best reaction
-12.1%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +9.0% | -5.9% | -13.8% | |
| Q2 2026 | -7.2% | -0.9% | -4.1% | |
| Q1 2026 | +1.7% | +14.7% | +26.1% | |
| Q2 2025 | -2.6% | +2.9% | +25.8% | |
| Q1 2025 | +0.9% | -5.2% | +3.1% | |
| Q3 2024 | -0.2% | -7.7% | -9.0% | |
| Q2 2024 | +9.9% | +13.2% | +13.5% | |
| Q1 2024 | -0.5% | +0.2% | +2.7% | |
| Q3 2023 | +2.8% | -1.7% | +10.6% | |
| Q2 2023 | -0.1% | +2.5% | -4.3% | |
| Q1 2023 | +3.2% | +0.3% | -12.5% | |
| Q4 2022 | -4.8% | -6.0% | +1.7% | |
| Q3 2022 | -1.0% | +8.9% | +18.4% | |
| Q2 2022 | +5.4% | +7.3% | -1.5% | |
| Q1 2022 | +0.7% | -4.1% | -7.7% | |
| Q4 2021 | +12.3% | +11.9% | +15.4% | |
| Q3 2021 | +5.3% | +5.4% | -2.1% | |
| Q2 2021 | -4.6% | -2.5% | -4.5% | |
| Q1 2021 | +7.0% | +8.7% | +6.6% | |
| Q4 2020 | -5.0% | -3.2% | +0.6% | |
| Q3 2020 | +5.3% | -5.4% | -14.3% | |
| Q2 2020 | -9.1% | -6.5% | +5.5% | |
| Q1 2020 | -3.3% | -7.7% | -17.4% | |
| Q4 2019 | +2.7% | +6.9% | -15.0% | |
| Q3 2019 | -1.1% | -1.0% | +2.1% | |
| Q2 2019 | -0.2% | +1.4% | -4.4% | |
| Q1 2019 | -2.8% | -3.2% | +6.4% | |
| Q3 2018 | -1.7% | -2.3% | +1.2% | |
| Q2 2018 | -0.8% | -4.7% | -8.0% | |
| Q1 2018 | +1.4% | -1.1% | -2.3% | |
| Q4 2017 | -1.8% | -4.9% | -14.8% | |
| Q3 2017 | -1.5% | -1.6% | -1.1% | |
| Q2 2017 | -3.1% | -3.7% | +5.7% | |
| Q1 2017 | -0.4% | +0.4% | -0.1% | |
| Q4 2016 | +2.1% | +3.0% | -5.9% | |
| Q3 2016 | +0.7% | -5.5% | -13.7% | |
| Q2 2016 | -5.3% | -4.1% | -19.0% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | -3.6% | — | — | |
| Q3 2015 | -6.9% | — | — | |
| Q2 2015 | +7.6% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q4 2013 | -12.1% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q2 2012 | -1.9% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | -4.4% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | +0.3% | — | — | |
| Q4 2007 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q1 2010 | +3.3% | — | — | |
| Q2 2010 | +3.3% | — | — | |
| Q4 2009 | +0.9% | — | — | |
| Q4 2008 | +0.9% | — | — |
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