TORONTO – Barrick Mining Corp. raised its quarterly base dividend as it reported a third-quarter profit of US$1.3 billion, up from US$483 million in the same quarter last year.
The gold-and-copper miner, which keeps its books in U.S. dollars, says its profit amounted to 76 cents US per diluted share for the quarter ended Sept. 30 compared with 28 cents US per diluted share a year ago. Revenue totalled US$4.15 billion, up from US$3.37 billion.
On an adjusted basis, Barrick says it earned 58 cents per share in its latest quarter compared with an adjusted profit of 30 cents per share a year ago.
Gold production in the quarter totalled 829,000 ounces, down from 943,000 ounces a year ago, while the company’s realized gold price rose to US$3,457 per ounce, up from US$2,494 per ounce a year ago.
Copper production amounted to 55,000 tonnes, up from 48,000 tonnes a year ago, while Barrick’s realized copper price for the quarter was US$4.39 per pound, up from US$4.27 per pound in the same quarter last year.
Barrick increased its quarterly base dividend to 12.5 cents US per share from 10 cents US and declared an additional performance dividend for the quarter of five cents US per share for a total payment of 17.5 cents US per share.
In September, Barrick appointed Mark Hill to become interim president and CEO following the sudden departure of Mark Bristow from the top job. The company says it is working with an executive search firm to find a permanent president and CEO.
This report by The Canadian Press was first published Nov. 10, 2025.
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