Barrick Declares Increased Dividend
November 05 2020 - 5:59AM
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,
2020.1
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.
Enquiries:
President and CEOMark Bristow+1
647 205 7694+44 788 071 1386
Senior EVP and CFOGraham
Shuttleworth+1 647 262 2095+44 779 771 1338
Investor and Media RelationsKathy du
Plessis+44 20 7557 7738Email: barrick@dpapr.com
_____________________1 The declaration and payment
of dividends is at the discretion of the Board of Directors, and
will depend on the company’s financial results, cash requirements,
future prospects and other factors deemed relevant by the
Board.
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