StocksMedium•5 November 2026•
1 min read
Barrick Gold Returns to Profit in Q1 2027 Despite Revenue Decline
Key Facts
1Barrick Gold reported a net income of $1.6 million for Q1 FY2027, reversing a loss from the previous year.
2Revenue decreased 11% year-over-year to $3.265 billion, though it rose 51% when excluding forward sales.
3Gross profit expanded 23% to $89.6 million as margins widened to 2.74%.
Barrick Gold reported a net income of $1.6 million for the first quarter of fiscal year 2027, reversing a loss from the previous year. According to scanx.trade, revenue reached $3.265 billion, an 11% decrease year-over-year, though figures showed a 51% increase when excluding the impact of forward sales activities.
The company's gross profit expanded by 23% to $89.6 million, as margins improved to 2.74% from 1.98% in the prior year. Silver sales volume grew by 35% while gold sales rose 5%, even as cash balances decreased to $126.8 million by the end of September 2026.