Financial Data and Key Metrics Changes - Barrick's adjusted earnings per share more than doubled year-on-year, reaching $0.47, the highest since 2013 [4][8] - The company finished the quarter with a net cash position, allowing for share buybacks and strengthening the balance sheet [5] - Net cash provided by operating activities was €1,330,000,000, up 35% from the previous quarter [8] - The company returned $753,000,000 to shareholders in the first half of the year through dividends and share buybacks [9] Business Line Data and Key Metrics Changes - Gold production improved across the portfolio, with solid contributions from Nevada Gold Mines, Pueblo Viejo, Kibali, and Lomana [6][12] - In copper, production volumes increased, and unit costs decreased, reflecting a clear year-on-year and quarter-on-quarter improvement [7] - The ramp-up at Goldrush is gaining momentum, and Fourmile is showing significant potential [6][12] Market Data and Key Metrics Changes - The gold price remains high, contributing to improved operating performance and stronger margins [8] - The company is focusing on long-life Tier one assets, completing the sale of its interest in the Donlin Gold Project for $1,000,000,000 [7] Company Strategy and Development Direction - Barrick emphasizes a disciplined approach to capital allocation, focusing on long-term profitability and growth through Tier one assets [9][38] - The company is committed to health and safety, achieving a 50% decrease in lost time injuries year-to-date [11] - Barrick aims to grow production by 30% organically by 2029, with a focus on building a portfolio of world-class assets [38] Management's Comments on Operating Environment and Future Outlook - Management noted that the global environment remains uncertain, but the diversified portfolio and disciplined capital allocation provide resilience [3] - The second half of the year is expected to be stronger, with all indicators pointing towards improved performance [10][38] - Management remains optimistic about the potential of the Fourmile asset, which is emerging as a significant discovery [15][19] Other Important Information - The company is advancing its projects in Latin America and Asia Pacific, with significant progress at Pueblo Viejo and Ricodec [20][26] - Barrick is actively managing its portfolio, considering divestments to focus on core assets [46] Q&A Session Summary Question: Timeline for arbitration process regarding Lulu and Kotto - Management believes a resolution can be found and has engaged in various mediation efforts, with the tribunal already constituted [40][41] Question: Fit of divestments in the portfolio - Management is focused on rationalizing the portfolio to emphasize Tier one long-life assets, with ongoing evaluations of Hemlo and Porgera [44][46] Question: Updates on Fourmile's scope and timeline - Management aims to have a scoping position for Fourmile by the end of the year, with plans to assess the next steps thereafter [47][48] Question: Situation regarding the book value of Lulu - The asset was deconsolidated due to loss of control, leading to a write-off, but the company still expects benefits from its investment [55][56] Question: Update on Jabal Saeed project in Saudi Arabia - The project is a small high-grade copper mine with a ten-year life, and Barrick is expanding its partnership with Ma'aden for further exploration [59][61] Question: Electricity situation in Zambia for Lumwana - Management has worked with state utilities to improve power availability and is investing in technology to enhance the power grid [62][64]

NYSE : B TSX : ABX Results for Q2 2025… | $0.47  124% | y/y | $0.47  47% y/y | $1.69b  31% | y/y | | --- | --- | --- | --- | --- | | Net earnings per share | | Highest Adjusted net earnings per share7 since 2013 | Attributable EBITDA2 | | | $0.15/sh | | $268 million | $4.8 billion cash | | | Quarterly dividendi | | Share buybacks in Q2 | $73 million Net cashii | | | Fourmile poised to double mineral | | Unlocked $1 billion in value from Donlin | Tongon & Hemlo sales processes advancing | | | resource in ...

Core Insights - The article discusses the author's background and experience in journalism and the financial sector, emphasizing a decade of reporting experience and a focus on economic issues [3][4]. Group 1 - The author has a diploma in journalism from Lethbridge College and has over ten years of reporting experience [3]. - The author has covered territorial and federal politics in Nunavut, Canada, showcasing a diverse reporting background [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3].

Core Insights - Gladiator Metals Corp. has successfully extended high-grade copper mineralization at Cowley Park, with new drilling results indicating significant potential for further resource definition and exploration [1][5][6] Drilling Results - The ongoing phase 2 drill program at Cowley Park has involved 40 holes totaling 8,121 meters, targeting extensions of previously identified high-grade copper skarn mineralization [1][7] - Notable drill results include: - CPG-092: 55m @ 0.70% Cu from 176m, including 21.90m @ 1.27% Cu from 199.1m [4][8] - CPG-094: 70.5m @ 1.13% Cu from 95.5m, including 14.0m @ 2.05% Cu from 101m [4][16] - CPG-080D2: 14.5m @ 1.01% Cu from 31.5m [4][13] - CPG-091: 24.5m @ 1.06% Cu from 71.5m, plus additional significant intercepts [4][16] New Mineralization Zone - The first drill hole targeting mineralization below 200m has encountered a previously unobserved style of mineralization, with disseminated bornite and chalcopyrite within a 180m wide zone in altered granodiorite [2][5][9] - This new mineralization style indicates the potential for further exploration and resource expansion at Cowley Park [5][6] Exploration Strategy - Gladiator plans to complete at least 20,000 meters of diamond drilling in 2025, with three rigs currently operating [26] - The exploration strategy includes targeting high-grade copper skarns throughout the Whitehorse Copper Belt, with a focus on resource definition and expansion [18][20] Project Background - The Whitehorse Copper Project is an advanced-stage exploration project in Yukon Territory, Canada, with a history of copper production dating back to 1897 [20][21] - The project area includes over 30 copper-related occurrences and is accessible via existing infrastructure [21][24]

Core Insights - Gunnison Copper Corp. has successfully started the solvent extraction (SX) plant and electrowinning (EW) circuit at the Johnson Camp Mine, with first copper sales anticipated in September 2025 [1][2] Company Progress - The startup of the SX-EW plant was completed ahead of schedule, marking a significant milestone towards achieving copper cathode sales [2] - Construction activities at the Johnson Camp Mine, funded by Nuton LLC (a Rio Tinto venture), are progressing as planned, with the final phase of the leach pad construction on schedule [2] - The on-pad crushing circuit has been installed and is undergoing commissioning, while the agglomerator and processing equipment are also being finalized [2] Production Capacity - The Johnson Camp Asset is expected to produce up to 25 million pounds of finished copper cathode annually, with first production slated for Q3 2025 [13] Resource and Economic Assessment - The Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment (PEA) indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [11][12] Environmental and Technological Aspects - Nuton’s innovative leaching technologies aim to enhance copper recovery rates and support domestic production, contributing to a more sustainable mining operation with lower energy and water requirements [15][16]

"Q2 was another quarter where Barrick delivered on all fronts. We're growing production, lowering costs and advancing the industry's most exciting pipeline of gold and copper projects. From the ramp-up at Goldrush to the progress at Pueblo Viejo, Lumwana and Reko Diq, not to mention the transformational potential of Fourmile, we're demonstrating the strength and depth of our portfolio," said president and chief executive Mark Bristow. LONDON, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYS ...

Core Viewpoint - Dividend stocks are positioned as attractive investment opportunities amid economic recovery, particularly in key industries like logistics, copper mining, and semiconductors [3][11][17]. Group 1: United Parcel Service (UPS) - UPS stock has declined by 28% since the beginning of the year, contrasting with an 8.3% rise in the S&P 500, presenting a buying opportunity [5][6]. - The decline is attributed to year-over-year decreases in revenue and earnings due to higher costs and uncertainties regarding international trade policies [7]. - Management aims for $3.5 billion in cost reductions in 2025 through network reconfiguration and Efficiency Reimagined initiatives, indicating potential for future growth [8]. - UPS has maintained a 76.9% average payout ratio over the past five years, suggesting a commitment to shareholder returns despite current challenges [9]. Group 2: Freeport-McMoRan - Freeport-McMoRan's stock price fell after the Trump administration exempted refined copper imports from tariffs, impacting the company's market position [11][12]. - Despite the recent downturn, management projects $8.5 billion in operating cash flow at a copper price of $4 per pound, and $11 billion at $5 per pound, indicating strong future cash flow potential [13]. - The current market cap of $56 billion implies a price to operating cash flow of 5.9 times, which is considered cheap historically [14]. - The stock offers a 1.5% yield, making it an attractive value proposition regardless of tariff implications [16]. Group 3: Texas Instruments (TI) - TI experienced a sell-off despite reporting a 16% increase in revenue and earnings per share, primarily due to weakness in key markets like automotive and ongoing tariff risks [18]. - The company is well-positioned for steady growth, producing essential components across various sectors, including automation and medical equipment [19]. - TI's vertically integrated manufacturing approach provides greater control over its supply chain compared to fabless competitors [20]. - With a 2.9% dividend yield, TI stands out in the tech sector, especially when compared to other dividend-paying chip stocks [21]. - The current P/E ratio of 35.8 reflects cyclical valuation, but long-term earnings growth potential remains strong, with consensus estimates suggesting a 28.4 P/E ratio by 2026 [22][23].

Codelco secured the approval of Chile’s mining authority to resume some underground activities at its biggest copper mine, a week after a fatal accident led to work being halted. Labor regulators still need to sign off on the plan https://t.co/fd8JpYI6lm ...

Core Viewpoint - Pacific Empire Minerals Corp. has successfully closed a non-brokered private placement, raising $300,000 through the issuance of 15,000,000 units at a price of $0.02 per unit, which will be utilized for exploration and working capital [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.05 for 24 months [2]. - The company paid finder's fees totaling $9,450 in cash and issued 468,500 finder's warrants to various firms for their assistance in the offering [3]. - The offering is subject to final approval from the TSX Venture Exchange and all securities issued are under a statutory hold period expiring on December 9, 2025 [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards general working capital, exploration at the Trident copper-gold project, and marketing activities [4]. Group 3: Related Party Transactions - Certain directors and officers participated in the offering for a total of $23,500, qualifying it as a related party transaction, but the company is exempt from formal valuation and minority shareholder approval requirements [5]. Group 4: Company Overview - Pacific Empire is a copper exploration company based in Vancouver, British Columbia, with a significant land position of 22,541 hectares in a region known for its green copper jurisdiction [8].

Group 1 - The continued rise in copper prices in 2025 has positively impacted copper miners [1] - The Global X Copper Miners ETF has experienced a 20.8% increase this year [1] - Mountain Valley Value Investments focuses on identifying undervalued companies with strong growth potential across various sectors [1] Group 2 - The investment philosophy of Mountain Valley Value Investments emphasizes long-term value and disciplined research [1] - The company aims to uncover opportunities that can deliver strong returns through rigorous analysis [1] - The commitment to highlighting risks that may impact investment theses is a core aspect of their approach [1]