Barrick Mining Boosts Earnings, Dividend
Update: 2025-11-10
Description
Barrick Mining Corporations third-quarter earnings, announced on November tenth, showed mixed results. While profits met expectations, total revenue fell short of predictions, leading to a three percent rise in shares. Earnings per share were fifty-eight cents, slightly below the sixty-one cents forecast. Total revenue was four point one five billion dollars, missing the four point three six billion dollars estimate. However, gold production increased by four percent, reaching eight hundred twenty-nine thousand ounces, and the average price for gold surged by eighty-two percent to three thousand four hundred fifty-seven dollars per ounce. This boosted operating cash flow to a record two point four billion dollars, prompting a twenty-five percent increase in the quarterly dividend to seventeen point five cents per share.
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