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Reuters
11-08-2025
- Business
- Reuters
Barrick Mining tops profit estimates, lifts dividend despite Mali mine loss
Aug 11 (Reuters) - Barrick Mining ( opens new tab beat profit expectations for the second quarter and raised its dividend by 50% on Monday, as record-high gold prices helped offset lower production and a $1.04 billion charge from losing control of its Loulo-Gounkoto mine in Mali. The company declared a quarterly dividend of 15 cents per share, up from 10 cents in May. Gold prices averaged $3,220.58 an ounce in the quarter, up 12% from the prior quarter and nearly 40% higher than a year earlier. The metal was buoyed by safe-haven demand as uncertainty over U.S. President Donald Trump's tariff plans and geopolitical tensions stoked inflation concerns. Barrick's average realized gold price surged to $3,295 per ounce in the April-June quarter from $2,344 a year ago. Still, its production decreased to 797,000 ounces in the quarter from 948,000 ounces a year earlier. The company's U.S. shares slid nearly 4% in morning trading, hit by a more than 1% drop in gold prices on Monday that also pulled down other miners. Barrick was forced to suspend operations in mid-January after Mali's military-led government blocked its exports for two months, detained some of its executives and seized three tons of bullion. It also launched arbitration at the World Bank to try to resolve the dispute. Barrick said the Loulo-Gounkoto mine-related loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project. Its all-in sustaining costs for gold, an industry metric reflecting total expenses, rose to $1,684 per ounce in the reported quarter from $1,498 per ounce. On an adjusted basis, the company earned 47 cents per share in the second quarter, compared with analysts' average expectation of 45 cents, according to data compiled by LSEG.
Wall Street Journal
11-08-2025
- Business
- Wall Street Journal
Barrick Lifts Dividend After Profit Climbs
Barrick Mining ABX -2.92%decrease; red down pointing triangle bumped up its dividend in the latest quarter after a higher gold price and its exit from a big mining project in Alaska buoyed earnings, offsetting a $1 billion loss on its Mali business. The Canadian miner, one of the world's largest producers of gold, will add a performance payout for the second quarter that will see its dividend rise 50%. It comes after improved production for the period kept it on track to hit its output targets for the full year.
Yahoo
11-08-2025
- Business
- Yahoo
Update: Barrick Up 1% As It Moves To Sell Alturas Project in Chile for US$50 Million
(Updates shares.) Barrick Mining ( was at last look up 1.3% on Friday as it agreed to sell Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
23-06-2025
- Business
- Reuters
Barrick Mining office in Mali's capital Bamako reopens under new provisional administration, sources say
DAKAR, June 23 (Reuters) - Malian tax officials have reopened Barrick Mining's ( opens new tab office in the capital Bamako under new interim administration after it was shut in mid-April over alleged non-payment of taxes amid a dispute over mining revenues, two people close to the matter said. Spokespeople for Barrick and for Mali's mines ministry did not immediately respond to requests for comment.
Reuters
07-05-2025
- Business
- Reuters
Barrick CEO says spending $15 mln a month on Mali mine
TORONTO, May 7 (Reuters) - Barrick ( opens new tab CEO Mark Bristow said the miner is spending $15 million a month to keep its Mali mine running, and that he does not know where the government is keeping the gold that it confiscated from the company. Speaking in an interview about the long-running conflict with Mali authorities, Bristow said the government walked back on an agreement three times, and called the jailing of Barrick employees in the country a human rights violation.
