Barrick Gold Non-GAAP EPS of $0.47 beats by $0.01, revenue of $3.68B misses by $20M

Barrick Gold (NYSE:B): Q2 Non-GAAP EPS of $0.47 beats by $0.01. Revenue of $3.68B (+16.5% Y/Y) misses by $20M.

Barrick Gold shares slumped 5% in premarket.

Operating cash flow for the first half of the year was $2.5 billion, 32% higher than the prior-year period, while free cash flow1 totaled $770 million, up 107% on the prior-year period, supported by stronger commodity prices.

Production improved across the board, with Q2 gold output up 5% and copper production increasing by 34% compared to Q1.

Q2 gold production 5% higher than Q1; in-line with full year guidance.

Gold COS/oz4 increases 2% while AISC1 declines by 5% q/q

Nevada Gold Mines production increases 11% from Q1 driven by operational improvements

Pueblo Viejo production increases 28% from Q1 driven by increased throughput and debottlenecking activities, supporting delivery of full year guidance

Q2 copper production 34% higher than Q1, on improved mining rates at Lumwana — tracking towards the top end of the guidance range