Barrick (B) Q4 2025 (USD) EPS 1.04 (exp. 0.82), Revenue 6bln (exp. 5.10bln); to proceed with North American gold assets IPO

• CEO: "We reported record quarterly cash flow, delivered on our gold and copper production guidance, and successfully executed our 2025 operating plan. These achievements contributed to record adjusted net earnings per share in 2025 and the highest shareholder returns in this company's history."
• 2026 production guidance: 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper

Barrick's Q4 2025 earnings significantly exceeded expectations, with EPS and revenue both well above estimates. This strong performance, highlighting record cash flows and efficient operations, reinforces the company's growth trajectory and may boost investor confidence, particularly with the planned IPO of its North American gold assets, which could further enhance liquidity and strategic focus in the market for gold assets.