Barrick Announces Third $250 Million(1) ($0.14 per share(2)) Return of Capital Tranche in Addition to a $0.09 per share Quarterly Dividend
November 04 2021 - 5:59AM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that
the third $250 million1 tranche (approximately $0.14 per
share2) of the return of capital distribution totalling
$750 million will be paid on December 15, 2021 to shareholders
of record at the close of business on November 30, 2021.
This will complement the $0.09 per share
dividend declared by the Barrick Board of Directors for the third
quarter, which will also be paid on December 15, 2021 to
shareholders of record at the close of business on
November 30, 2021.3
This follows the approval by shareholders at
Barrick’s Annual and Special Meeting on May 4, 2021 of the
total $750 million return of capital distribution. The first
$250 million tranche was paid on June 15, 2021 and the
second $250 million tranche was paid on September 15,
2021.
“We are pleased that the combination of our
quarterly dividend and the $750 million return of capital
distribution has provided our shareholders with a record level of
cash returns totalling approximately $1.4 billion during 2021,
while our strong operational and financial performance during the
year has allowed us to continue to invest in our business and has
set us up well to continue to provide meaningful returns to
shareholders going forward,” said senior executive vice-president
and chief financial officer Graham 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
Website: www.barrick.com
Endnote 1The funds to be used to
pay this $250 million return of capital distribution to
shareholders represent a portion of the proceeds received from the
following transactions:
- Sale of a portion of our investment
interest in Shandong Gold Mining Co Ltd
- Sale of our 100% interest in Lagunas
Norte mine to Boroo Pte Ltd
- Sale of our 40% interest in Morila
Gold Limited to Firefinch Limited
- Sale of our investment interest in
Shanta Gold Ltd
Endnote 2Per share amount is
estimated based on issued and outstanding Barrick shares as of
September 30, 2021 and is subject to change. The final per share
amount to be paid on December 15, 2021 will be calculated based on
the issued and outstanding Barrick shares as of the November 30,
2021 record date.
Endnote 3The 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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