Increase Barrick mining reports and higher profits in the second quarter

Barrrick Mining reported a strong performance in the second quarter (Q2), with great increases in the production of gold and copper, which led to a significant increase in free cash flow and net profit per share.

The net profit per share per quarter reached 0.47 dollars, which reflects the net profits of one share.

The first half of the year (H1) of the year witnessed operational cash flows to $ 2.5 billion (3.45 billion KDE), an increase of 32 % over the previous year, while the free cash flow increased by 107 % to 770 million dollars, supported by stronger commodity prices.

Gold production grew in the second quarter by 5 %, and the copper product witnessed a 34 % increase from the first quarter, supported by a strong contribution from the Lomwana mine in Zambia.

Nevada mines led the gold result of the company, with a 11 % increase compared to the previous quarter.

Pueblo Viewo also reported a 28 % increase in production, driven by preparing the highest productivity and continuous expansion efforts.

The company’s production of gold and copper is in line with its directives, with copper on the correct path to reach the upper end of the annual expectations.

The Board of Directors also imposed a division of $ 0.15 per share, including the distribution of performance profits of $ 0.05.

Barrrick Mining also continued the shares re -purchase program during the second quarter, as it prepared 268 million dollars from its shares during the quarter, with a total of $ 411 million for H1 and 860 million dollars during the past 12 months.

In H1, $ 753 million in capital was returned to shareholders.

“The second quarter was in another quarter as Baric was handed over to all fronts. We grow production, decrease costs and develop the most gold and copper pipelines in the industry,” said Barik President and CEO Mark Presto.

“From the surfaces in Goldrush to progress in Pueblo Viewo, Lumwana and Reko Diq, not to mention the transformational capabilities of Fourmile, we clarify the strength and depth of our wallet.”

Barrick also announced a fee of $ 1.03 billion due to the loss of control of the Loulo-Gounko mine in Mali, although this has been compensated for an increase of 745 million dollars by selling a 50 % stake in the Donlin Gold project in Alaska.

The company also actively participated in replacing and exploring the reserves, with the excavation test for new green field prospects throughout Canada, Nevada, Peru and Tanzania, while Kipali provided promising results from the Bronfield programs.

Barrric’s mining returns to replace more than 80 % of gold mines this year, while maintaining an average of three years more than 500 % of the ounces of gold reward.

Bresto has also confirmed that the Reko DIQ’s construction activities are advancing as planned, with an increase in the site construction activities.

In addition, drilling efforts in the Fourmile project covered 34 km so far this year. The results indicate that there is a possibility to increase current resource estimates by two factor by the end of the year, with high -quality resources.

In addition, Barric’s mining is said to approach the final stages of discussions Another Canadian gold mine is strippingRolo, to discover silver. The sale started in April 2025, in advanced stages, although the result has not been confirmed yet.

“Barrick mining reports increased production and high profits in the second quarter” was originally created and published by Mining technologyThe brand owned by Globaldata.

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