Barnes (US:B) ZACKSยท2025-08-12 13:21Core Insights - Barrick Mining Corporation reported profits of $811 million or 47 cents per share for Q2 2025, a significant increase from $370 million or 21 cents per share in the same quarter last year [1][8] - Total sales reached $3,681 million, reflecting a year-over-year increase of 16.4% [1][8] Operational Highlights - Total gold production was 797,000 ounces, down approximately 15.9% year over year [2] - The average realized price of gold was $3,295 per ounce, up around 40.6% year over year [2] - Cost of sales increased by approximately 14.8% year over year to $1,654 per ounce [2] - All-in-sustaining costs (AISC) rose 12.4% to $1,684 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $4,802 million, up 19% year over year [3] - Total debt remained flat year over year at $4,729 million [3] - Operating cash flow for the quarter was $1,329 million, while free cash flow was $395 million [3] Guidance - For 2025, Barrick anticipates attributable gold production in the range of 3.15-3.5 million ounces [4][8] - AISC is projected to be between $1,460 and $1,560 per ounce, with cash costs per ounce forecasted at $1,050-$1,130 [4] - Copper production is expected to be between 200,000 and 230,000 tons, with AISC of $2.80-$3.10 per pound [4] Capital Expenditures - Total attributable capital expenditures are projected to be in the range of $3,100-$3,600 million for 2025 [5] Zacks Rank & Other Key Picks - Barrick currently holds a Zacks Rank 1 (Strong Buy) [6] - Other top-ranked stocks in the basic materials sector include Avino Silver & Gold Mines Ltd., Gold Fields Limited, and Vizsla Silver Corp. [6]