Barrick Gold Falls As Q2 Revenue Miss Overshadows Output Gains

Font: Financial Modeling Prep  • Aug 11, 2025

Barrick Gold (NYSE:GOLD) shares fell over 2% on Monday after reporting second-quarter revenue slightly below expectations, despite higher production and cash flow.

Revenue came in at $3.68 billion, missing the $3.73 billion consensus, while earnings per share were $0.47, topping estimates of $0.44. Gold production rose 5% quarter-over-quarter to 797,000 ounces, and copper output jumped 34% to 59,000 tonnes.

Operating cash flow for the first half of 2025 grew 32% year-over-year to $2.5 billion, while free cash flow more than doubled to $770 million. The board approved a $0.15 per share dividend, including a $0.05 performance payout, and repurchased $268 million in stock during the quarter.

Nevada Gold Mines saw gold production rise 11%, and Pueblo Viejo output climbed 28%. All-in sustaining costs for gold declined 5% to $1,684 per ounce.