Strong Performance and Earnings Growth: Barrick reported an adjusted earnings per share of $0.47 for Q2 2025, more than doubling from the previous year and marking the highest level since 2013. This positive trend is attributed to improved operational performance, higher gold prices, and disciplined capital allocation.

Operational Highlights and Future Guidance: The company successfully achieved gold production that met guidance and expects stronger results in the second half of 2025, projecting an overall increase in production volumes and a decrease in all-in sustaining costs. Major operational contributors include Nevada Gold Mines, Pueblo Viejo, and the growing potential of the Goldrush and Fourmile assets.

Dividend and Share Buyback Initiatives: Barrick's Board declared a total dividend of $0.15 per share, including a $0.05 performance top-up, as part of their capital return framework. The company has returned $753 million to shareholders through dividends and share buybacks in the first half of 2025, indicating strong financial discipline and commitment to shareholder returns.