BARRICK GOLD CORPORA

ABX
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Barrick Gold : Declares Increased Dividend

11/06/2020 | 09:23am

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that its Board of Directors has declared a dividend for the third quarter of 2020 of $0.09 per share, a 12.5% increase on the previous quarter's dividend, payable on December 15, 2020, to shareholders of record at the close of business on November 30, 2020.

Senior executive vice-president and chief financial officer Graham Shuttleworth said that this represents the third increase in the quarterly dividend in the past year and that Barrick's quarterly dividend has tripled since the announcement of the Barrick-Randgold merger in September 2018, reflecting Barrick's continued strong financial performance.

'The Board believes that the current dividend increase is sustainable and is reflective of the ongoing robust performance of our operations and continued improvement in the strength of our balance sheet, with total liquidity of $7.7 billion, including a cash balance of $4.7 billion, and a debt net of cash position of just $0.4 billion as of the end of the third quarter, as well as no material debt repayments due before 2033,' said Shuttleworth.

Contact:

Mark Bristow

Tel: +1 647 205 7694

Email: barrick@dpapr.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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