Barnes (US:B) ZACKS·2026-02-06 16:35Core Insights - Barrick Mining Corporation reported profits of $2,406 million or $1.43 per share for Q4 2025, a significant increase from $996 million or 57 cents per share in the same quarter last year. Adjusted earnings per share were $1.04, surpassing the Zacks Consensus Estimate of 85 cents [1][6] - Total sales reached $5,997 million, reflecting a 64.5% year-over-year increase, also exceeding the Zacks Consensus Estimate of $5,096.9 million [1][6] Operational Highlights - Gold production totaled 871,000 ounces in the reported quarter, down approximately 19.4% year over year. The average realized price of gold was $4,177 per ounce, up around 57.2% [2] - The cost of sales increased by about 33.3% year over year to $1,904 per ounce, while all-in-sustaining costs (AISC) rose 9% to $1,581 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $6,706 million, a 64.5% increase from the prior year. Total debt was $4,703 million, down 0.5% year over year [3] - Operating cash flow for the quarter was $2.73 billion, and free cash flow was $1.62 billion [3] Guidance - For 2026, Barrick anticipates attributable gold production in the range of 2.90-3.25 million ounces. AISC is projected at $1,760-$1,950 per ounce, with cash costs per ounce forecasted at $1,330-$1,470 [4] - The company expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, with cash costs per ounce of $2.20-$2.45 and cost of sales of $3.05-$3.35 per pound for 2026 [4] Price Performance - Barrick's shares have increased by 156.2% over the past year, outperforming the industry's rise of 128.7% [5]