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Barrick Mining

B · Materials

Last earnings Aug 11, 2026  ·  Next earnings Nov 9, 2026

Key results

Net EPSquarter

$0.47

Net earnings per share rose to $0.47 for the quarter, with adjusted net earnings per share1 also at $0.47.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Conflicting figures recorded for this item — see “Conflicting figures” below.

Adjusted net incomequarter

$0.47

Net earnings per share rose to $0.47 for the quarter, with adjusted net earnings per share1 also at $0.47.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Conflicting figures recorded for this item — see “Conflicting figures” below.

EPSquarter

$0.47

Net earnings per share of $0.47 and adjusted net earnings per share 1 of $0.47 for the quarter $0.15 per share dividend 3 declared including performance dividend reflecting net cash of $73 million 6 Repurchased $268 million in shares for Q2 bringing the total for H1 to $411 million and $860 million over the last 12 mon

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Net incomequarter

$811 million

Net earnings and adjusted net earnings 1 attributable to equity holders of Barrick ("net earnings") for Q2 2025 were $811 million and $800 million, respectively, compared to $474 million and $603 million, respectively in Q1 2025.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

After adjusting for items that are not indicative of future operating earnings, adjusted net earnings 1 of $800 million for Q2 2025 was $197 million higher than Q1 2025.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Factors affecting net earnings and adjusted net earnings 1 - Q2 2025 versus Q2 2024 Net earnings and adjusted net earnings 1 for Q2 2025 were $811 million and $800 million, respectively, compared to $370 million and $557 million, respectively in Q2 2024.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Adjusted net incomeytd

$1,285 million

Factors affecting net earnings and adjusted net earnings 1 - YTD 2025 versus YTD 2024 Net earnings and adjusted net earnings 1 for YTD 2025 were $1,285 million and $1,403 million, respectively, up from $665 million and $890 million in YTD 2024.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Conflicting figures recorded for this item — see “Conflicting figures” below.

Adjusted net incomeQ2 2025

$1,403 million

Factors affecting net earnings and adjusted net earnings 1 - YTD 2025 versus YTD 2024 Net earnings and adjusted net earnings 1 for YTD 2025 were $1,285 million and $1,403 million, respectively, up from $665 million and $890 million in YTD 2024.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Conflicting figures recorded for this item — see “Conflicting figures” below.

Free cash flowquarter

$395 million

In Q2 2025, we recorded free cash flow 1 of $395 million, compared to $375 million in Q1 2025, mainly reflecting operating cash flows as explained above partially offset by higher capital expenditures.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

In Q2 2025, we generated free cash flow 1 of $395 million compared to $340 million in Q2 2024.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

AI analysis

Q2 2025 · reported Aug 11, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Net EPS · Q2 2025
$0.47
EX-99 · Aug 11, 2025
Free cash flow · Q2 2025
$395M
+5.3% +$20M vs prior quarter computed from stated figures
EX-99 · Aug 11, 2025
Net income · Q2 2025
$811M
+71.1% +$337M vs prior quarter computed from stated figures
EX-99 · Aug 11, 2025
Adjusted net income · Q2 2025
$0.47
EX-99 · Aug 11, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net EPS$0.47——
Adjusted net income$0.47——
EPS$0.47——
Net income$811 million$474 million—
Free cash flow$395 million$375 million—

EX-99 · Aug 11, 2025

Guidance · company-stated

Direction: reiterated

No guidance located in the held release

Stated figure11%

“Q2 gold production increased 11% over Q1 to 796,000 ounces 1 , exceeding guidance of 730,000 770,000 ounces 1 , driven by the ahead-of-schedule ramp-up at Loulo-Gounkoto, a faster-than-expected recovery at Pueblo Viejo following planned Q1 maintenance, and record underground tonnes at Cortez as Goldrush continues to ramp up.”

Next earningsNov 9, 2026Verified from the company’s own announcement

Cash flow & capex

Free cash flow$395M

Capital allocation

Capex$16M
Capex$20M

3 During the quarter, the Company also repurchased $268 million of its shares, bringing total buybacks for the first half of the year to $411 million, and $860 million over the past 12 months.

What changed vs last quarter

  • Net income (GAAP) +$337M (+71.1%) computed from stated figures
  • Free cash flow +$20M (+5.3%) computed from stated figures

Company-stated claims

Apr 8, 2026

Historical · increased net earnings by 133% · other

“We increased net earnings by 133%.”

EX-99 · Apr 8, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Barrick Builds Momentum in Q2 With Higher Production, Stronger Cash Flows and Key Growth Projects on Track Second Quarter 2025 Results All amounts expressed in U.S

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

3 During the quarter, the Company also repurchased $268 million of its shares, bringing total buybacks for the first half of the year to $411 million, and $860 million over the past 12 months.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Project capital expenditures are not included in our calculation of all-in sustaining costs.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Total consolidated capital expenditures also includes capitalized interest of $16 million and $20 million for Q2 2025 and YTD 2025, respectively (Q1 2025: $4 million; Q2 2024: $12 million; YTD 2024: $25 million).

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Free Cash Flow Free cash flow is a non-GAAP financial measure that deducts capital expenditures from net cash provided by operating activities.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Management believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow ($ millions) For the three months ended For the six months ended 6/30/25 3/31/25 6/30/24 6/30/25 6/30/24 Net cash provided by operating activities 1,329 1,212 1,159 2,541 1,919 Capital expenditures (934 ) (837 ) (819 ) (1,771 ) (1,547 ) Consolidated free cash flow 395 375 340 770 372 Free cash flow applicable to equity investees 66 156 110 222 173 Non-controlling interests (437 ) (120 ) (166 ) (557 ) (265 ) Attributable free cash flow 24 411 284 435 280 Capital Expenditures These amounts are presented on the same basis as our guidance.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Strategy & priorities

Pueblo Viejo also delivered a 28% production increase, underpinned by higher throughput and continued progress on the expansion.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

The Company s strong balance sheet, proven exploration teams and world-class project pipeline position it uniquely to thrive in a world increasingly focused on supply security, sustainability and long-term asset quality.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

The words believe , expect , anticipated , aim , strategy , ramp up , target , plan , opportunities , guidance , forecast , outlook , project , develop , progress , continue , temporary , committed , estimate , potential , prospective , future , focus , ongoing , following , subject to , scheduled , may , will , can , could , would , should and similar expressions identify forward-looking statements.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Our two key growth projects remain on track and at current copper prices, the Lumwana expansion is self funding.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Sustainability Sustainability, including our license to operate, is entrenched in our DNA: our sustainability strategy is our business plan.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Risks & headwinds

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this MD&A in light of management s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us.

SEC original ↗Barrick Mining — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Conflicting figures

Adjusted net income

$0.47

“Net earnings per share rose to $0.47 for the quarter, with adjusted net earnings per share1 also at $0.47.”

$1,285 million

“Factors affecting net earnings and adjusted net earnings 1 - YTD 2025 versus YTD 2024 Net earnings and adjusted net earnings 1 for YTD 2025 were $1,285 million and $1,403 million, respectively, up from $665 million and $890 million in YTD 2024.”

$1,403 million

“Factors affecting net earnings and adjusted net earnings 1 - YTD 2025 versus YTD 2024 Net earnings and adjusted net earnings 1 for YTD 2025 were $1,285 million and $1,403 million, respectively, up from $665 million and $890 million in YTD 2024.”

Documents

Earnings deck slides

0 decks with slide view

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Barrick Mining — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsCarpenter Technology (CRS) MaterialsArcelorMittal (MT) Materials

Filings

81 documents

Earnings releases

63 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for Barrick Mining are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention Barrick Mining by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.