https://newsletter.en.creamermedia.com
Copper|Flow|generation|Gold|Mining|Projects|Flow
Copper|Flow|generation|Gold|Mining|Projects|Flow
copper|flow-company|generation|gold|mining|projects|flow-industry-term

Barrick boosts output, cash flow in Q2

Barrick CEO Mark Bristow

Barrick CEO Mark Bristow

11th August 2025

By: Creamer Media Reporter

     

Font size: - +

Gold and copper miner Barrick Mining posted higher production and stronger cash generation in the second quarter, advancing several major growth projects and stepping up shareholder returns.

The Toronto-based company on Monday reported net earnings a share of $0.47 for the period, with adjusted earnings matching that figure. Operating cash flow for the first half climbed 32% from a year earlier to $2.5-billion, while free cash flow surged 107% to $770-million, driven by higher commodity prices.

Gold output rose 5% from the first quarter, while copper production jumped 34% on the back of stronger performance at Lumwana, in Zambia. Nevada Gold Mines, Barrick’s joint venture with Newmont in the US, led gold gains with an 11% quarter-on-quarter increase.

Pueblo Viejo in the Dominican Republic increased output by 28%, helped by higher throughput and expansion progress. Copper production is tracking toward the upper end of full-year guidance.

The board approved a $0.15-a -share dividend, including a $0.05 performance component. The company also repurchased $268-million in stock during the quarter, bringing total buybacks to $411-million for the first half and $860-million over the past 12 months. Capital returned to shareholders in the first half totalled $753-million.

“Q2 was another quarter where Barrick delivered on all fronts. We’re growing production, lowering costs and advancing the industry’s most exciting pipeline of gold and copper projects. From the ramp-up at Goldrush to the progress at Pueblo Viejo, Lumwana and Reko Diq, not to mention the transformational potential of Fourmile, we are demonstrating the strength and depth of our portfolio,” president and CEO Mark Bristow said.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Array

Latest News

Forestry, Fisheries and the Environment Minister Dr Dion George
DFFE calls for urgent action to end plastic pollution
Updated 7 hours ago By: Sabrina Jardim
An image of the Outa logo
Outa recommends public hold off on SSEG registration for now
Updated 7 hours ago By: Tasneem Bulbulia

Showroom

SAJ Electrics
SAJ Electrics

Smart energy storage solutions for efficient, safe, and profitable power.

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 08 August 2025
Magazine round up | 08 August 2025
8th August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.154 0.763s - 186pq - 2rq
Subscribe Now