SEATTLE (Scrap Monster): Barrick Mining Corporation reported strong first-quarter 2025 financial results, driven by higher gold prices, improved operating cash flow, and progress across major global growth projects.

The company posted net earnings per share of $0.27, up 59% year-on-year, while adjusted net earnings rose 84% to $0.35 per share. Operating cash flow climbed 59% to $1.2 billion, with free cash flow reaching $375 million, supporting a 5% reduction in net debt during the quarter.

Barrick maintained its quarterly dividend of $0.10 per share and repurchased $143 million worth of shares, reinforcing its shareholder return strategy.

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Gold production reached 758,000 ounces, hitting the top end of guidance, while copper output rose to 44,000 tonnes. The company benefited from an average realized gold price of $2,898 per ounce, a 40% increase from the same period last year.

President and CEO Mark Bristow said Barrick made significant progress on strategic growth projects, including advancements at Reko Diq and Lumwana Mine, where engineering partners were appointed to support development.

The company also advanced expansion work at Pueblo Viejo Mine and moved its Fourmile project into prefeasibility.

Barrick maintained full-year production guidance for both gold and copper, expecting lower costs per ounce as output strengthens through the remainder of 2025.