Barnes (US:B) ZACKS·2025-11-12 13:41Core Insights - Barrick Mining Corporation reported profits of $1,302 million or 76 cents per share for Q3 2025, a significant increase from $483 million or 28 cents per share in the same quarter last year [1] - Adjusted earnings per share, excluding one-time items, were 58 cents, surpassing the Zacks Consensus Estimate of 57 cents [1] - Total sales reached $4,148 million, reflecting a 23% year-over-year increase, although it fell short of the Zacks Estimate of $4,224 million [1] Operational Highlights - Total gold production was 829,000 ounces, down approximately 12% year over year [2] - The average realized price of gold was $3,457 per ounce, up around 39% [2] - Cost of sales increased by about 6% year over year to $1,562 per ounce, while all-in-sustaining costs (AISC) rose 2% to $1,538 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $5,037 million, a 19% increase from the prior year [3] - Total debt remained flat year over year at $4,714 million [3] - Operating cash flow for the quarter was $2,422 million, with free cash flow at $1,479 million [3] Guidance - For 2025, Barrick anticipates attributable gold production in the range of 3.15-3.5 million ounces [4] - 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] - The company expects copper production of 200,000-230,000 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] Industry Comparisons - Barrick currently holds a Zacks Rank 3 (Hold) [6] - Agnico Eagle Mines Limited reported adjusted earnings of $2.16 per share for Q3, up from $1.14 per share a year ago, with 2025 production expected between 3.35 million and 3.5 million ounces [6] - Kinross Gold Corporation reported adjusted earnings of 44 cents per share for Q3, exceeding the Zacks Consensus Estimate of 39 cents [7] - Newmont Corporation logged third-quarter adjusted earnings per share of $1.71, beating the Zacks Consensus Estimate of $1.29 [8]