Barrick’s Gold-Fueled Profit Surge Heads a Busy Earnings Week

Barrick reports US$1.6B first-quarter profit, up from US$474M a year earlier

Barrick Mining Corp. reported that first-quarter profit more than tripled year over year, driven largely by higher gold prices. The company, which reports in U.S. dollars, recorded net income of US$1.60 billion, or US$0.96 per diluted share, for the quarter ended March 31, compared with US$474 million, or US$0.27 per diluted share, in the same period last year.

On an adjusted basis Barrick reported US$0.98 per share, up from an adjusted US$0.35 per share a year earlier. Revenue increased to US$5.22 billion from US$3.13 billion in the first quarter of 2025. Gold production for the quarter was 719,000 ounces, slightly below last year’s 758,000 ounces, and gold sales were 748,000 ounces, marginally down from 751,000 ounces. The company realized an average gold price of US$4,823 per ounce, compared with US$2,898 in the comparable quarter last year.

Cineplex reports $22.4M Q1 loss, revenue up 16 per cent from year earlier

Cineplex reported a reduced net loss of $22.4 million for the quarter ended March 31, an improvement from a $36.6 million loss a year earlier, as revenue rose 16% to $291.0 million. The loss equated to $0.36 per diluted share, compared with a $0.58 per diluted share loss in the prior-year quarter.

The company saw theatre attendance increase to 9.8 million patrons from 8.4 million a year earlier. Box office revenue per patron rose to $12.94 from $12.14, and concession revenue per patron increased to $9.54 from $9.13, reflecting stronger per-guest spending.

Manulife reports $1.1 billion in Q1 earnings, up from $485 million last year

Manulife reported net income attributable to shareholders of $1.1 billion for the first quarter, compared with $485 million during the same period last year. That translated to basic earnings of $0.65 per share, up from $0.25 per share in the prior-year quarter. Manulife’s adjusted, or “core,” earnings were $1.8 billion, modestly above the prior-year adjusted result of $1.77 billion.

Geographically, Manulife’s Asia segment delivered strong performance: core earnings for Asia were US$598 million versus US$492 million a year earlier, while Canada’s core earnings were $352 million compared with $374 million in the prior-year quarter. CEO Phil Witherington highlighted double-digit growth in Asia’s core earnings and continued gains in new business value.

Brookfield Corp. to combine with insurance business, reports Q1 profit up

Brookfield Corp. said it plans to combine its operations with its insurance business, Brookfield Wealth Solutions, to simplify its corporate structure and improve capital efficiency. The company reported net income attributable to shareholders of US$102 million, or US$0.03 per diluted share, for the quarter ended March 31, up from US$73 million a year earlier.

Revenue climbed to US$18.58 billion from US$17.94 billion, and distributable earnings per share were US$0.66 for the quarter, up slightly from US$0.65 the previous year.

Canada Goose reports $28.1M Q4 profit, revenue up 18 per cent from year ago

Canada Goose reported a fourth-quarter profit attributable to shareholders of $28.1 million, compared with $27.1 million a year earlier, while revenue rose 18% to $453.3 million. Diluted earnings per share were $0.28, unchanged from a year earlier. On an adjusted basis the company earned $0.37 per diluted share, up from $0.33 a year ago.

Analysts had expected slightly higher adjusted earnings and lower revenue on average; Canada Goose said it expects modest, low-single-digit revenue growth for its fiscal 2027 year versus the year just completed.

Canadian Tire reports Q1 profit and revenue up from year ago

Canadian Tire reported net income of $129.5 million, or $2.02 per diluted share, for the quarter ended April 4, up from $56.9 million, or $0.67 per diluted share, a year earlier. On a normalized basis the company said earnings per diluted share were $2.02, slightly higher than a normalized $2.00 in the first quarter of 2025.

Quarterly revenue rose to $3.57 billion from $3.46 billion. Overall comparable sales declined 1.0%, with growth at SportChek and Mark’s offsetting a comparable-sales decline at Canadian Tire stores. Canadian Tire comparable sales fell 2.3%, SportChek increased 3.3% and Mark’s rose 1.2%.

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