Barnes (US:B) ZACKS·2025-08-13 12:40Core Insights - Barrick Mining Corporation experienced a profit increase in Q2 due to higher gold prices, but faces challenges from rising unit costs [1][2] - The company's all-in-sustaining costs (AISC) rose 12% year-over-year to $1,684 per ounce, influenced by lower production and the suspension of operations at the Loulo-Gounkoto mine [6][1] - Barrick's 2025 AISC guidance indicates a potential rise, with projections between $1,460 and $1,560 per ounce [2][6] Cost Metrics - Barrick's cash costs per ounce of gold increased approximately 17% year-over-year, while AISC rose 12% [1][2] - The company anticipates total cash costs per ounce in the range of $1,050-$1,130 for 2025, suggesting a year-over-year increase at the midpoint [2] - Comparatively, Newmont Corporation's AISC increased by around 2% year-over-year, with expectations of $1,630 per ounce in 2025 [3] Peer Comparisons - Agnico Eagle Mines Limited reported a 10% year-over-year increase in AISC, with total cash costs per ounce rising 7% [4] - Agnico Eagle forecasts AISC per ounce between $1,250 and $1,300 for 2025, indicating a year-over-year increase at the midpoint [4] Stock Performance and Valuation - Barrick's shares have increased by 51.6% year-to-date, compared to a 72.2% rise in the Zacks Mining – Gold industry [5] - The company is currently trading at a forward 12-month earnings multiple of 10.43, which is approximately 22.3% below the industry average of 13.42 [8] - The Zacks Consensus Estimate for Barrick's earnings implies a year-over-year increase of 55.6% for 2025 and 24.1% for 2026 [7]