•
Mar 31
Barrick Q1 2025 Earnings Report
Barrick reported stronger earnings in Q1 2025 driven by higher gold and copper prices, despite lower production volumes.
Key Takeaways
Barrick Gold delivered solid Q1 2025 results with net income of $474 million and strong adjusted EPS of $0.35, supported by higher realized prices for gold and copper, while production and sales volumes were slightly lower year over year.
Net income reached $474 million in Q1 2025.
Adjusted EPS came in at $0.35, reflecting strong pricing.
Gold production declined slightly year-over-year.
Free cash flow was positive at $16 million for the quarter.
Barrick
Barrick
Barrick Revenue by Segment
Barrick Revenue by Geographic Location
Forward Guidance
Barrick reaffirmed its full-year 2025 production and cost guidance for both gold and copper. The company expects stronger output in the second half of the year and remains focused on capital discipline and operational efficiency.
Positive Outlook
- Gold and copper production expected to increase in H2 2025.
- Strong commodity prices expected to support margins.
- Capital discipline and project execution remain on track.
- Improved cost performance anticipated in key mines.
- Exploration pipeline progressing well with long-term potential.
Challenges Ahead
- Lower production in Q1 due to mine sequencing.
- Ongoing inflationary pressures on input costs.
- Challenging weather impacted operations in some regions.
- Foreign exchange volatility could impact costs.
- Regulatory risks remain in key jurisdictions.