GOLD Company Report

Barrick reported strong operational and financial results for Q3 2025, setting company records for adjusted earnings per share and cash flow, with free cash flow more than tripling from Q2.
The company increased its base dividend by 25% to $12.50 per share and approved a total quarterly dividend of $17.50 per share. Barrick also authorized a $500 million increase to its share repurchase program, having already repurchased $598 million of stock in Q3.
Gold production increased 4% over Q2, driven by higher grades and throughput at key mines, leading to lower gold cost metrics per ounce. Gold production is tracking in the bottom half of its guidance range for the year, while copper production is tracking to the midpoint.
Interim CEO Mark Hill is conducting a bottom-up review of operations, particularly focusing on North American gold assets, to improve consistency and planned maintenance. The Fourmile project is highlighted as a significant gold discovery, with an increased exploration budget and plans for decline development by late 2026.
The company reported three fatalities in Q3 2025 and is prioritizing safety, reviewing culture and structures to achieve zero harm.

Nov 10, 2025, 4:00 PM

Barrick Reports Record Q3 2025 Financial Results and Increased Shareholder Returns

GOLD

Earnings

Dividends

Share Buyback

Barrick reported exceptionally strong financial results for Q3 2025, achieving company records for operating cash flow, free cash flow, and adjusted net earnings, with free cash flow increasing 274% quarter-over-quarter.
The company significantly boosted shareholder returns by increasing its base quarterly dividend by 25% to $12.50 per share and authorizing a $500 million increase to its share repurchase program, having already repurchased $598 million of stock in the quarter.
Gold production increased 4% over Q2 and is expected to see continued quarterly growth in Q4, with both gold and copper production tracking within their respective annual guidance ranges.
Barrick is conducting an operational review focused on safety and consistent delivery, particularly at Nevada Gold Mines, and is advancing the Fourmile gold discovery with an increased exploration budget.

Nov 10, 2025, 4:00 PM

Barrick Reports Record Q3 2025 Financial Results and Increases Shareholder Returns

GOLD

Earnings

Dividends

Share Buyback

Barrick reported record Q3 2025 financial performance, including adjusted earnings per share, operating cash flow, and free cash flow, with free cash flow increasing 274% quarter-over-quarter.
The company increased its base quarterly dividend by 25% to $12.50 per share and approved a total quarterly dividend of $17.50 per share. The board also authorized a $500 million increase to the share repurchase program, following $598 million in stock repurchases during the quarter.
Gold production increased 4% over Q2 and is on track to meet annual guidance, while copper production was slightly down but also expected to meet guidance.
Interim CEO Marc Hill is conducting a bottom-up operational review, with a strong focus on safety following three fatalities during the quarter, and emphasizing the significant opportunity at North American gold assets, particularly the Fourmile discovery.

Nov 10, 2025, 4:00 PM

Earnings Transcripts

Quarterly earnings call transcripts for GOLD.

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