Workflow
Barrick(GOLD)
icon
Search documents
Barrick Gold's Q1 Earnings Surpass Estimates, Sales Up Y/Y
ZACKS· 2025-05-08 12:40
Barrick Gold Corporation (GOLD) recorded net earnings (on a reported basis) of $474 million or 27 cents per share for first-quarter 2025. The figure improved from a profit of $295 million or 17 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 35 cents. The figure beat the Zacks Consensus Estimate of 29 cents.Barrick recorded total sales of $3,130 million, up roughly 13.9% year over year.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)G ...
GOLD ROYALTY REPORTS FIRST QUARTER 2025 RESULTS HIGHLIGHTING CONTINUED REVENUE GROWTH
Prnewswire· 2025-05-08 01:45
Core Viewpoint - Gold Royalty Corp. reported continued year-over-year revenue growth and positive operating cash flow for Q1 2025, driven by advancements in key assets within its portfolio, including the Borborema mine which achieved initial production [2][5]. Financial Highlights - Total revenue for Q1 2025 was $3.138 million, up from $2.894 million in Q1 2024, representing an increase of approximately 8.4% [5]. - The net loss decreased to $1.255 million in Q1 2025 from $1.405 million in Q1 2024, indicating improved financial performance [5]. - Cash provided by operating activities was $2.487 million, a significant increase from $336,000 in the same quarter of the previous year [5]. - Adjusted EBITDA for Q1 2025 was $1.663 million, down from $2.020 million in Q1 2024 [5]. Portfolio Update - The Borborema Project is expected to produce between 33,000 to 40,000 ounces of gold in 2025, with initial production achieved in Q1 2025 [7][8]. - The company anticipates achieving a total of 5,700 to 7,000 Gold Equivalent Ounces (GEOs) in 2025, with production weighted towards the second half of the year [34][35]. - The Côté Gold Mine has achieved record throughput, with IAMGOLD targeting to reach nameplate capacity by the end of 2025 [14][35]. Operational Efficiency - The company maintains low operating costs, with only approximately $0.02 million spent on maintaining mineral interests in Q1 2025 [33]. - The royalty generator model has successfully added two new royalties in the first quarter of 2025, contributing to the overall growth strategy [32]. Future Outlook - The company expects to achieve positive free cash flow in 2025 as several cash-flowing projects ramp up, including the Côté Gold mine and Vareš mine [35]. - The forecast for 2025 includes an assumed gold price of $2,668 per ounce and a copper price of $4.23 per pound, supporting the growth outlook [34].
ALLIED GOLD ANNOUNCES FIRST QUARTER 2025 RESULTS: ACHIEVING STRONG QUARTERLY PRODUCTION, ADVANCING OPTIMIZATIONS AND GROWTH PROJECTS
Prnewswire· 2025-05-07 21:44
Core Insights - Allied Gold Corporation reported first quarter 2025 production of 84,040 gold ounces with total cost of sales, cash costs, and All-in Sustaining Costs (AISC) per ounce sold at $1,838, $1,656, and $1,811 respectively, aligning with mine plans and positioning the company to meet its annual guidance [1][9][15] Financial Results Highlights - First quarter net earnings were $15.1 million or $0.05 per share, with adjusted earnings of $45.1 million or $0.14 per share [9][54] - Revenue for the quarter was $346.4 million, significantly up from $175.1 million in the same period last year [54] - The company generated net cash from operating activities of $121.1 million, with EBITDA of $103.2 million and adjusted EBITDA of $133.8 million [9][54] Operational Highlights - The Sadiola mine produced 45,232 ounces, Bonikro produced 19,671 ounces, and Agbaou produced 19,137 ounces during the quarter [9][52] - The company is advancing the Kurmuk Project, with $56.2 million spent in the first quarter, and is on track to commence production by mid-2026 [4][50][51] - The first phase of expansion at Sadiola is progressing on schedule and budget, with expected production of 200,000 to 230,000 ounces per year post-expansion [6][26] Growth Initiatives - The company is pursuing a listing on the New York Stock Exchange (NYSE) to enhance financial flexibility and broaden its shareholder base, with an expected listing by mid-June 2025 [8] - A strategic partnership with Ambrosia Investment Holding is being developed to enhance power supply and support expansion plans at Sadiola [11][12] - The company is also exploring additional opportunities for optimization and expansion at Sadiola, including metallurgical test work to improve recoveries [27][28] Sustainability and Safety - The company reported no significant environmental incidents and a Total Recordable Injury Rate (TRIR) of 0.40 for the quarter, an improvement from 1.40 in the prior year [16] - Over one million man-hours were achieved without a Lost Time Injury, reflecting a commitment to safe operations [55]
Barrick Gold beats estimates on higher gold prices
Proactiveinvestors NA· 2025-05-07 14:05
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...
巴里克黄金公司CEO:金价更有可能保持高位,而不是下跌。
news flash· 2025-05-07 13:52
巴里克黄金公司CEO:金价更有可能保持高位,而不是下跌。 ...
金价飙升 巴里克黄金(GOLD.US)第一季度利润超预期
智通财经网· 2025-05-07 11:55
巴里克旗下位于马里的最大金矿——Loulo-Gounkoto矿区的运营自1月以来一直处于暂停状态。此前, 马里政府指控该公司存在税务违规问题,并扣押了约3吨黄金。 巴里克在2025年的黄金产量预期仍维持在315万至350万盎司之间,但这一预测未包含Loulo-Gounkoto矿 区的产量。 智通财经APP获悉,巴里克黄金(GOLD.US)第一季度黄金产量达到75.8万盎司,达到预期上限。财报显 示,巴里克黄金一季度营收31.3 亿美元,同比增长 13.8%,复合市场预期;调整后每股收益为0.35美 元,高于市场预期的0.30美元。 巴里克黄金第一季度利润超过分析师预期,原因是金价飙升抵消了产量下降的影响。金价在 2024 年上 涨逾 27% 之后,今年迄今已上涨约 29%。 2025 年第一季度,黄金价格飙升至每盎司 3100 美元以上,原因是关税不确定性加剧,导致通胀加剧, 影响全球经济增长,导致避险需求上升。 该公司自与专注于非洲业务的兰德黄金资源公司(Randgold Resources)合并以来,一直在精简业务。目 前,巴里克正推进出售科特迪瓦Tongon金矿和加拿大Hemlo矿区的计划。 第一季度, ...
美股前瞻 | 三大股指期货齐跌,高盛:科技股回调即买入AI股良机
智通财经网· 2025-05-06 12:01
Market Overview - US stock index futures are all down, with Dow futures down 0.77%, S&P 500 futures down 0.93%, and Nasdaq futures down 1.21% [1] - European indices also show declines, with Germany's DAX down 0.89%, UK's FTSE 100 down 0.22%, France's CAC40 down 0.52%, and the Euro Stoxx 50 down 0.70% [2] - WTI crude oil increased by 2.15% to $58.36 per barrel, while Brent crude rose by 2.06% to $61.47 per barrel [2] Company News - Goldman Sachs indicates that recent earnings reports from major tech companies in the AI sector have boosted investor confidence, suggesting that recent pullbacks present a buying opportunity [3] - DoorDash reported Q1 revenue growth of 20.7% to $3.03 billion, with adjusted EBITDA of $590 million, exceeding market expectations [4] - Philips lowered its annual profit forecast due to the impact of US tariffs, estimating a net effect of €250 million to €300 million (approximately $283 million to $340 million) [5] - Palantir's Q1 revenue surged 39% to $884 million, leading to an upward revision of its 2025 revenue forecast to approximately $3.9 billion, a 36% year-over-year increase [5] - Ford's Q1 revenue fell 5% to $40.7 billion but exceeded analyst expectations, while the company withdrew its full-year profit guidance [6] - Apple is expected to launch AI features in China with support from Alibaba and Baidu, integrating local compliance mechanisms [7] - WeRide expanded its strategic partnership with Uber to deploy autonomous Robotaxi services in 15 cities over the next five years [8] - The US Department of Justice is pushing for the forced divestiture of Google's online advertising business, citing illegal monopoly practices [9]
RUA GOLD to Present at the Metals & Mining Virtual Investor Conference May 6th 2025
GlobeNewswire News Room· 2025-05-05 20:35
Core Viewpoint - Rua Gold Inc. will present live at the Metals & Mining Virtual Investor Conference on May 6th, inviting investors to engage with the company's CEO in real-time [1][2]. Company Highlights - The company controls over 120,000 hectares in the Reefton Gold District, historically producing over 2 million ounces of gold with grades between 9 and 50 grams per tonne [8]. - The Glamorgan Project is located in the Hauraki district, which has produced 15 million ounces of gold and 60 million ounces of silver, positioning Rua Gold as a leading high-grade gold explorer in New Zealand [9]. - The company is focused on maximizing the asset potential of its two high-grade gold projects [7]. Event Details - The live presentation is scheduled for May 6th at 2:30 PM EDT, with opportunities for one-on-one meetings available from May 7th to 13th [3]. - An archived webcast will be available for those unable to attend the live event [3]. Investor Engagement - The Virtual Investor Conferences platform provides an interactive forum for companies to present directly to investors, enhancing communication and engagement [5][6].
Barrick Gold Trading Cheaper Than Industry: Time to Buy the Stock?
ZACKS· 2025-05-05 12:05
Core Viewpoint - Barrick Gold Corporation (GOLD) is currently undervalued compared to its peers and the industry, presenting a potential investment opportunity despite challenges in production and rising costs [1][6][23]. Valuation and Market Position - GOLD is trading at a forward price/earnings ratio of 10.38X, which is approximately 27.3% lower than the Zacks Mining – Gold industry's average of 14.27X [1]. - The company has a Value Score of A and is trading at a discount compared to Newmont Corporation (NEM), Agnico Eagle Mines Limited (AEM), and Kinross Gold Corporation (KGC) [1]. Technical Indicators - Technical indicators show that GOLD is trading below its 50-day simple moving average (SMA), but the 50-day SMA is above the 200-day SMA, indicating a bullish trend [3][5]. Growth Projects - Barrick is advancing key growth projects, including Goldrush, Pueblo Viejo plant expansion, Fourmile, Lumwana Super Pit, and Reko Diq, which are expected to significantly contribute to production [7][9]. - The Goldrush mine aims for a production target of 400,000 ounces per annum by 2028, while the Reko Diq project is designed to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second phase [10]. Financial Performance - Barrick reported cash and cash equivalents of approximately $4.1 billion at the end of 2024, with operating cash flows of around $4.5 billion, reflecting a 20% year-over-year increase [14]. - Free cash flow surged 104% year-over-year to about $1.3 billion for the full year 2024, and the company returned $1.2 billion to shareholders through dividends and repurchases [14]. Dividend and Shareholder Returns - GOLD offers a dividend yield of 2.2% with a payout ratio of 31%, indicating sustainability, and has a five-year annualized dividend growth rate of approximately 4.6% [15]. Cost Challenges - The company faces challenges from rising costs, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing around 11% year-over-year in 2024 [16]. - For 2025, projected total cash costs per ounce are between $1,050-$1,130, and AISC is expected to range from $1,460-$1,560 per ounce, indicating a year-over-year increase [16]. Production Outlook - Barrick's attributable gold production fell about 4% year-over-year to 3.91 million ounces in 2024, and the forecast for 2025 is tepid, with production expected to be between 3.15-3.5 million ounces [18]. - The company anticipates that higher production from certain mines will be offset by reduced production from others, which may weigh on performance in 2025 [18]. Earnings Estimates - Earnings estimates for Barrick have been revised upward over the past 60 days, indicating positive sentiment regarding future performance [19]. Stock Performance - Over the past year, GOLD's shares have gained 10.4%, underperforming the industry's 38.1% increase and slightly outperforming the S&P 500's rise of 9.9% [19].
WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS
Prnewswire· 2025-05-05 12:00
VANCOUVER, BC, May 5, 2025 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process. In connection with the upcoming Annual General Meeting ("AGM"), Dr. Bill Williams will retire from his last remaining board position, and Tara Christie will not stand for re-election in order to focus on her existing executive priorities. Western is pleased to announce the nomination of Pamela O'Hara f ...