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Barrick Mining shares fall after Q2 earnings miss despite stronger gold production
['Fiona Craig', 'Mon', 'August', 'At Am Gmt', 'Min Read']
Yahoo Finance
Despite falling short of forecasts, quarterly revenue increased 44% year-on-year from $3.68 billion in the corresponding period of 2025.
Gold production beats Barrick guidanceBarrick produced 796,000 ounces of gold during the quarter, exceeding its guidance range of 730,000 to 770,000 ounces.
We beat the top end of our gold production guidance and generated much higher earnings and cash flow than a year ago," said Mark Hill, President and Chief Executive Officer.
Higher costs weigh despite stronger cash flowOperating cash flow increased 28% from the same period last year to $1.70 billion, providing further evidence of the benefit from higher production and stronger realised gold prices.
The company maintained its full-year gold production forecast of between 2.90 million and 3.25 million ounces.