Barrick Mining (GOLD) has kicked off 2025 with a bang. The company delivered stellar earnings that are turning heads in the market. With a sharp 3.2% rise in pre-market trading, investors are clearly liking what they see in the company’s first-quarter results. The mining giant not only posted impressive earnings, but also laid out a clear roadmap for growth. This promises long-term value.
Barrick EPS Soars, Beating Analysts’ Expectations
Barrick’s Q1 2025 results were a pleasant surprise. Net earnings per share (EPS) surged 59% to $0.27. Adjusted EPS saw an even more impressive jump. It climbed 84% year-over-year to $0.35. The results comfortably surpassed analysts’ consensus of $0.31. This performance underscores Barrick’s resilience and ability to capitalize on high gold prices.
“We saw operating cash flow of $1.2 billion, up 59%, and free cash flow of $375 million—markedly higher than Q1 2024,” said Barrick’s CEO, Mark Bristow. This solid performance allowed Barrick to significantly reduce its net debt by 5%. It also helped fund its growing portfolio of strategic projects.
Barrick Revenue Jumps on Higher Gold Prices
Revenue came in at $3.13 billion for Q1 2025. This is a 14% increase compared to last year. The increase was driven by a 40% surge in the average realized gold price (CM:XAUUSD). The price hit $2,898 per ounce. However, gold production was slightly below expectations. It totaled 758,000 ounces. This was primarily due to planned maintenance at key sites like Nevada Gold Mines and Pueblo Viejo.
Despite this, Barrick remains optimistic. Bristow noted, “We’re on track to meet our full-year gold production targets. With expansion projects in play, we expect a strong finish to the year.”
Barrick Returns More Capital to Shareholders
Barrick continues to put its money where its mouth is. The company repurchased $143 million worth of its shares. It also declared a quarterly dividend of $0.10 per share. With a balance sheet strong enough to support both growth and shareholder returns, Barrick remains a beacon of stability in a volatile market.
“We’re delivering on our promise to return capital to our shareholders. We’re doing this all while funding key growth projects that will fuel our success for years to come,” said Barrick CFO Graham Shuttleworth.
Barrick’s Strategy Drives Long-Term Growth
Barrick isn’t resting on its laurels. The company is aggressively pushing forward with its key growth projects. These include the development of Reko Diq and Fourmile. These initiatives will not only boost production but also diversify Barrick’s portfolio. They will set the stage for sustainable growth and long-term value creation.
Bristow reaffirmed Barrick’s commitment to organic growth. He said, “We’re focused on building a future we can control. We’re not relying on short-term acquisitions. Our strategic projects are already showing promise, and the potential upside is huge.”
Is Barrick Gold a Good Stock to Buy?
Barrick Gold (GOLD) has garnered a Strong Buy rating from analysts. With 13 ratings in the last three months, including 10 Buy recommendations, the stock holds solid confidence from market experts. The average 12-month GOLD price target for the stock is $24.76, offering an impressive 29% upside from its current price of $19.23. These analyst ratings are likely to change after today’s results.
