Barnes (US:B) ZACKS·2025-08-07 13:16Core Viewpoint - Barrick Mining Corporation is expected to report its second-quarter 2025 results on August 11, with anticipated higher gold prices impacting performance despite cost challenges [1][7]. Group 1: Earnings Performance - Barrick has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of approximately 12.5% and a notable 20.7% surprise in the last quarter [1]. - The Earnings ESP for Barrick is +1.14%, with the Zacks Consensus Estimate for the second quarter currently at 47 cents [4]. Group 2: Production and Costs - Gold production for Q2 is forecasted at 783,000 ounces, reflecting a 17% decline from the previous year [7][9]. - The company projects all-in-sustaining costs (AISC) for 2025 to be between $1,460 and $1,560 per ounce, indicating a year-over-year increase [11]. Group 3: Market Conditions - Gold prices have risen significantly this year, driven by safe-haven demand amid global trade tensions, geopolitical issues, and a weak dollar, reaching a record high of $3,500 per ounce on April 22, before closing above $3,300 per ounce at the end of Q2 [8]. - Gold prices increased nearly 6% in the second quarter, contributing positively to Barrick's expected performance [8]. Group 4: Future Outlook - The company has provided a cautious forecast for 2025, expecting attributable gold production to be in the range of 3.15 to 3.5 million ounces, down from 3.91 million ounces in 2024 [10]. - Increased production from certain mines is expected to be offset by reduced output from others, indicating mixed performance across its operations [10].