Barrick Announces Share Buybacks and Boosts Quarter 2 Dividend Payment
Barrick Mining Corporation, the largest gold producer in the United States and a leading global mining, exploration, and development company, has announced its Q2 2025 results, showcasing a strong financial performance.
The company reported a net earnings per share (EPS) of $0.47, beating estimates, and revenue of approximately $3.72 billion. Operating cash flow for the first half of 2025 reached $2.5 billion, up 32% year-over-year, while free cash flow surged 107% to $770 million, supported by higher commodity prices.
Production also saw notable increases, with Q2 gold output up 5% and copper production rising 34% compared to Q1. Nevada Gold Mines led with an 11% gold production increase, and Pueblo Viejo’s production increased 28%.
In terms of its share buyback program, Barrick repurchased $268 million in shares during Q2 2025, bringing total buybacks to $411 million for the first half of the year and $860 million over the last 12 months. Since the program's announcement in February 2025, the company bought back 21.19 million shares, representing about 1.2% of outstanding shares. Additionally, Barrick declared an enhanced Q2 dividend of $0.15 per share, payable September 15, 2025 to shareholders of record at the close of business on August 29, 2025.
Key growth projects such as Reko Diq and Fourmile remain on track, and the company maintains a strong sustainability record with a 50% reduction in lost time injuries. The overall outlook for the second half of 2025 is positive, with expectations for continued strong cash flow and production growth.
However, it's important to note that the press release includes a cautionary statement advising readers that forward-looking statements are not guarantees of future performance and that Barrick disclaims any intention or obligation to update or revise any forward-looking statements, except as required by applicable law.
The press release also mentions factors that could cause actual results to differ materially from the forward-looking statements, including changes in government legislation and regulations, fluctuations in commodity prices, operating difficulties, environmental and health and safety issues, and risks associated with climate change, among others. These statements are subject to various business, economic, and competitive uncertainties and contingencies.
The press release was provided by GlobeNewswire via QuoteMedia. Barrick shares trade on the New York Stock Exchange under the symbol 'B' and on the Toronto Stock Exchange under the symbol 'ABX'.
[1] GlobeNewswire. (2025). Barrick Mining Corporation Reports Q2 2025 Results. [Press release] [2] GlobeNewswire. (2025). Barrick Mining Corporation Declares Enhanced Dividend of $0.15 Per Share for Q2 2025. [Press release] [3] Barrick Mining Corporation. (2025). Barrick Mining Corporation Provides Q2 2025 Production Update. [Press release] [4] Barrick Mining Corporation. (2025). Barrick Mining Corporation Reports Q2 2025 Results and Enhanced Dividend. [Presentation slides] [5] Barrick Mining Corporation. (2025). Barrick Mining Corporation Q2 2025 Earnings Call Transcript. [Transcript]
- The strong financial performance of Barrick Mining Corporation, as evidenced by their Q2 2025 results, indicates potential opportunities for wealth-management firms and personal-finance advisors who are interested in investing in the mining sector.
- In light of Barrick Mining Corporation's positive outlook for the second half of 2025, business strategists and financial analysts might consider including mining and business development sectors as part of their long-term investing portfolios for wealth management.
