(AGENPARL) – Mon 10 November 2025 News
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Delivering record adjusted net earnings, operating and free cash flow
* Q3 gold production 4% higher than Q2 at 829,000 ounces, copper production in line with plan at 55,000 tonnes
* Record quarterly operating cash flow and free cash flow of $2.4 billion and $1.5 billion—up 82% and 274%, respectively, over Q2
* $0.76 net earnings per share, $0.58 adjusted net earnings per share
* Increased base quarterly dividend 25% to $0.125 per share plus a performance dividend of $0.05 per share to total $0.175 per share dividend for current quarter
* Repurchased $1 billion of shares YTD, with existing buyback program expanded by $500 million to up to $1.5 billion
* On track to deliver full year gold and copper production and AISC guidance
* Updated preliminary economic assessment confirms Fourmile as one of this century’s most significant gold discoveries
Barrick today reported third quarter operating and financial results for the period ending September 30, 2025. Barrick produced 829,000 ounces of gold and 55,000 tonnes of copper in the quarter and the Company generated $4.1 billion in revenue, as well as a record $2.4 billion in operating cash flow and $1.5 billion in free cash flow. Net earnings per share of $0.76 and adjusted net earnings per share of $0.58 increased 62% and 23%, respectively, from Q2.
“Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “This allowed us to significantly increase share repurchases while also making progress on our key growth projects, maintaining our industry-leading balance sheet. Given the confidence in ongoing cash flow generation and shareholder focus, the Board has approved a 25% increase in the base quarterly dividend. Our portfolio of world-class assets continues to grow, as demonstrated by the generational gold discovery at Fourmile in Nevada.”
Mark Hill continued, “Since assuming interim CEO responsibilities at the end of September, I have met with our teams across the globe to review performance and assess what we can do differently at Barrick, putting a stronger emphasis on safety and operational performance. The quality of our portfolio is undeniable and the opportunity in front of the Barrick team is significant. We are singularly focused on driving improved performance and shareholder value, particularly at our Tier One gold assets in Nevada and the Dominican Republic. To this end, we have begun an operational review from the bottom up to ensure we are completely focused on delivering results safely and consistently going forward and we will provide an update with our year-end results.”
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The image shows the Barrick logo, which features the word BARRICK prominently displayed in large, teal-blue capital letters. Beneath the text is a slender gold or horizontal line that extends from under the text toward the right edge of the logo. This is the corporate logo for Barrick Mining Corporation.
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Barrick Mining Corporation . 161 Bay Street, Suite 3700 . Toronto, Ontario M5J 2S1 . Canada