The outcome in contrast with a lack of $21.4 million or 33 cents per diluted in the identical quarter final 12 months.
Income for the quarter totalled $361.8 million, up from $277.3 million a 12 months earlier.
Theatre attendance amounted to 11.6 million, up from 8.7 million. Cineplex says it set all-time quarterly data for field workplace per patron at $13.68 and concession per patron at $10.04.
Barrick Mining experiences rise is Q2 earnings regardless of US$1-billion writedown on Mali mine
Barrick Mining Corp. (TSX:ABX)
Numbers for its second quarter of 2025 (all figures in USD).
- Revenue: $811 million (up from $370 million a 12 months earlier)
- Gross sales: $3.68 billion (up from $3.16 billion the 12 months earlier than)
Barrick Mining Corp. took a US$1.04-billion cost in its second quarter associated to its lack of management of a gold mine in Mali, however nonetheless reported an increase in revenue due to larger gold costs and an asset sale.
The Toronto-based mining firm stated Monday it earned US$811 million or 47 cents US per diluted share for the quarter ended June 30, up from US$370 million or 21 cents US per diluted share a 12 months earlier. Earnings rose as the value it offered its gold at was up 41% from final 12 months to US$3,295 an oz. Gold costs have climbed largely over instability fears raised by the financial insurance policies of the U.S. Trump administration.
The upper gold worth was offset considerably by the writedown on the worth of its Loulo-Gounkoto mine in Mali, after a June ruling by a choose within the nation that it’s positioned below provisional administration for six months.
Barrick Gold has been in battle with Mali’s army rulers over alleged unpaid taxes and unfair contracts with previous governments. The dispute culminated in an arrest warrant in December for Barrick CEO Mark Bristow and the corporate’s supply to pay US$370 million to the federal government. Since then, the federal government has additionally arrested Barrick workers, who stay detained, and suspended gold exports, however Bristow stated on an convention name Monday that there was nonetheless a possible to resolve the deadlock exterior the arbitration course of. “We’re not at that stage the place we don’t consider that we are able to, you already know, discover a decision,” Bristow instructed the convention name to debate the corporate’s newest monetary outcomes. “If you’re participating and speaking, there’s all the time a chance. In fact, there’s been some exercise in Mali, which complicates the method.” He stated the corporate continues to handle the state of affairs in a measured and constructive method, persevering with with arbitration as it really works to discover a path ahead.
Whereas the Mali cost weighed on outcomes, it was additionally balanced by US$745-million achieve within the quarter from the sale of a 50% curiosity within the Donlin gold undertaking in Alaska. Since quarter finish, the corporate has additionally introduced the sale of its Alturas undertaking in Chile for US$50 million, whereas additionally it is in talks to promote Hemlo, its final Canadian gold mine.
Bristow stated there’s numerous urge for food for mines like Hemlo, whereas the corporate has added important gold reserves lately to make it a great time to evaluate its holdings. “It is sensible to rationalize your portfolio every so often,” he stated. “And it’s a great time to do it when there are patrons on the market available in the market.” In its newest outcomes, Barrick famous Hemlo, which produced 32,000 ounces within the quarter, is just not thought-about a core a part of its portfolio.
On an adjusted foundation, Barrick says it earned 47 cents US per share in its newest quarter, up from an adjusted revenue of 32 cents US in the identical quarter final 12 months. The imply analyst estimate had been for earnings of 45 cents per share, in accordance with LSEG Information & Analytics. Income for the quarter totalled US$3.68 billion, up from US$3.16 billion a 12 months earlier. Gold manufacturing within the quarter totalled 797,000 ounces, down from 948,000 a 12 months in the past. Copper manufacturing totalled 59,000 tonnes, up from 43,000 tonnes a 12 months in the past.
General outcomes have been combined, stated RBC analyst Josh Wolfson in a word, with working outcomes in step with expectations whereas monetary outcomes have been noisy partially due to the asset gross sales.
Maple Leaf Meals experiences Q2 revenue rose, pushed by pork enterprise
Maple Leaf Meals (TSX:MFI)
Numbers for its second quarter of 2025 (all figures in USD).
- Revenue: $57.8 million (up from lack of $26.2 million a 12 months earlier)
- Gross sales: $1.36 billion (up from $1.26 billion)
Maple Leaf Meals Inc. reported its second-quarter revenue of $57.8 million, in contrast with a lack of $26.2 million a 12 months in the past. Its earnings amounted to 46 cents per diluted share for the quarter ended June 30, up from a lack of 21 cents per share in the identical quarter final 12 months, the corporate stated on Thursday.
On an adjusted foundation, Maple Leaf says it earned 56 cents per share in its newest quarter, up from an adjusted revenue of 18 cents per share a 12 months earlier.
Gross sales for the quarter totalled $1.36 billion, up from $1.26 billion a 12 months in the past. Maple Leaf stated its ready meals gross sales elevated 7.5%, whereas poultry gross sales elevated 8.5%. Pork gross sales rose 10.7%.
