06:29 AM EDT, 08/11/2025 (MT Newswires) -- Barrick Mining ( B ) was at last look down 3.3% in US pre-market on Monday despite reporting an adjusted earnings beat for the second quarter on better than expected revenues while also declaring an "enhanced" Q2 dividend.

The company said it increased gold and copper production, growing free cash flow and advancing its pipeline of Tier One projects, all while returning more capital to shareholders.

"The performance builds on the first quarter's positive start to the year and positions the company for an even stronger second half," it added.

For Q2, Barrick reported adjusted net earnings basic per share of US$0.47 versus US$0.32 a year earlier. FactSet had a forecast US$0.46.

Barrick had revenues of US$3,681 million versus US$3,162 million. FactSet had forecast US$3,613 million.

The company declared an enhanced dividend of US$0.15 per share for the second quarter, payable on Sept. 15 to shareholders of record on Aug. 29.

Barrick repurchased 13.5 million shares during Q2. As of the end of Q2, Barrick has repurchased approximately 21.2 million shares under this year's program, or 1.2% of the issued and outstanding shares at the time the program was announced. For the buyback, the company has spent US$411 million, including US$268 million in Q2.

Barrick also announced that Ben van Beurden has been appointed Lead Independent Director of the Board, succeeding Brett Harvey.

Barrick was up 1.4% on the TSX last Friday.