While the Mali charge weighed on results, it was also balanced by US$745-million gain in the quarter from the sale of a 50% interest in the Donlin gold project in Alaska. Since quarter end, the company has also announced the sale of its Alturas project in Chile for US$50 million, while it is also in talks to sell Hemlo, its last Canadian gold mine.
Bristow said there’s a lot of appetite for mines like Hemlo, while the company has added significant gold reserves in recent years to make it a good time to review its holdings. “It makes sense to rationalize your portfolio from time to time,” he said. “And it’s a good time to do it when there are buyers out there in the market.” In its latest results, Barrick noted Hemlo, which produced 32,000 ounces in the quarter, is not considered a core part of its portfolio.
On an adjusted basis, Barrick says it earned 47 cents US per share in its latest quarter, up from an adjusted profit of 32 cents US in the same quarter last year. The mean analyst estimate had been for earnings of 45 cents per share, according to LSEG Data & Analytics. Revenue for the quarter totalled US$3.68 billion, up from US$3.16 billion a year earlier. Gold production in the quarter totalled 797,000 ounces, down from 948,000 a year ago. Copper production totalled 59,000 tonnes, up from 43,000 tonnes a year ago.
Overall results were mixed, said RBC analyst Josh Wolfson in a note, with operating results in line with expectations while financial results were noisy in part because of the asset sales.
Maple Leaf Foods reports Q2 profit rose, driven by pork business
Maple Leaf Foods (TSX:MFI)
Numbers for its second quarter of 2025 (all figures in USD).
- Profit: $57.8 million (up from loss of $26.2 million a year earlier)
- Sales: $1.36 billion (up from $1.26 billion)
Maple Leaf Foods Inc. reported its second-quarter profit of $57.8 million, compared with a loss of $26.2 million a year ago. Its earnings amounted to 46 cents per diluted share for the quarter ended June 30, up from a loss of 21 cents per share in the same quarter last year, the company said on Thursday.
On an adjusted basis, Maple Leaf says it earned 56 cents per share in its latest quarter, up from an adjusted profit of 18 cents per share a year earlier.
Sales for the quarter totalled $1.36 billion, up from $1.26 billion a year ago. Maple Leaf said its prepared food sales increased 7.5%, while poultry sales increased 8.5%. Pork sales rose 10.7%.
