Barrick Gold Corporation's Strong Q2 Earnings Report

Font: Financial Modeling Prep  • Aug 11, 2025

Barrick Gold Corporation, trading as NYSE:GOLD, is a leading mining company known for its gold and copper production. On August 11, 2025, Barrick reported earnings per share (EPS) of $0.47, surpassing the estimated $0.46. The company also achieved a revenue of approximately $3.68 billion, exceeding the estimated $3.53 billion.

The company's strong performance in the second quarter was driven by increased production of gold and copper. Barrick produced approximately 797,000 ounces of gold, marking a 5% increase from the previous quarter. Copper production also saw a significant rise, with a 34% sequential increase to 59,000 tonnes, which is a 37% increase compared to the same period last year.

Revenue climbed 16% to $3.68 billion, exceeding the estimated $3.53 billion. However, adjusted net earnings per share of $0.47 slightly surpassed the consensus estimate of $0.46. Barrick CEO Mark Bristow expressed satisfaction with the quarter's performance, emphasizing the company's growth in production, cost reduction, and advancement of promising gold and copper projects.

Barrick's financial metrics reflect its strong market position. The company has a price-to-earnings (P/E) ratio of approximately 15.71 and a price-to-sales ratio of about 2.73. Its enterprise value to sales ratio is around 2.78, while the enterprise value to operating cash flow ratio is approximately 7.43. The earnings yield for the company is 6.37%, indicating the earnings generated from each dollar invested in the stock.

With a debt-to-equity ratio of 0.19, Barrick maintains a relatively low level of debt compared to its equity. Additionally, the current ratio is 2.87, suggesting strong liquidity and the ability to cover its short-term liabilities. These financial metrics highlight Barrick's solid financial health and its ability to navigate the challenges of the mining industry.