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Barrick Declares Q3 Dividend and Buys Back Additional Shares

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Barrick Gold (NYSE:GOLD) has declared a Q3 2024 dividend of $0.10 per share, aligned with its Performance Dividend Policy. The dividend will be paid on December 16, 2024, to shareholders of record as of November 29, 2024. The company has also repurchased 4.725 million shares in Q3 under its $1 billion buyback program announced in February 2024, bringing total repurchases to 7.675 million shares this year. The company cites strong balance sheet, record gold prices, and world-class assets as enabling factors for maintaining dividend payments while investing in growth.

Barrick Gold (NYSE:GOLD) ha dichiarato un dividendo di 0,10 $ per azione per il terzo trimestre del 2024, in linea con la sua Politica di Dividendo sui Risultati. Il dividendo sarà pagato il 16 dicembre 2024, agli azionisti registrati al 29 novembre 2024. Inoltre, la società ha riacquistato 4,725 milioni di azioni nel terzo trimestre nell'ambito del suo programma di riacquisto da 1 miliardo di dollari annunciato a febbraio 2024, portando il totale dei riacquisti a 7,675 milioni di azioni quest'anno. La società cita un forte bilancio, prezzi record dell'oro e asset di classe mondiale come fattori abilitanti per mantenere i pagamenti dei dividendi mentre investe nella crescita.

Barrick Gold (NYSE:GOLD) ha declarado un dividendo de 0.10 $ por acción para el tercer trimestre de 2024, alineado con su Política de Dividendos por Desempeño. El dividendo se pagará el 16 de diciembre de 2024, a los accionistas registrados hasta el 29 de noviembre de 2024. La compañía también ha recomprado 4.725 millones de acciones en el tercer trimestre bajo su programa de recompra de 1.000 millones de dólares anunciado en febrero de 2024, llevando el total de recompras a 7.675 millones de acciones este año. La compañía cita un sólido balance, precios récord del oro y activos de clase mundial como factores que permiten mantener los pagos de dividendos mientras invierte en crecimiento.

바릭 골드 (NYSE:GOLD)는 2024년 3분기 주당 0.10 달러의 배당금을 발표하였으며, 이는 성과 배당금 정책에 따른 것입니다. 배당금은 2024년 12월 16일에 지급되며, 2024년 11월 29일 기준의 주주에게 지급됩니다. 회사는 또한 2024년 2월에 발표된 10억 달러 규모의 자사주 매입 프로그램에 따라 3분기 동안 472.5만 주를 재매입했습니다, 올해 총 재매입 주식 수는 767.5만 주에 달합니다. 회사는 강력한 재무 상태와 기록적인 금 가격, 세계적 수준의 자산이 배당금을 유지하면서 성장에 투자할 수 있는 요인이라고 언급했습니다.

Barrick Gold (NYSE:GOLD) a déclaré un dividende de 0,10 $ par action pour le troisième trimestre 2024, conformément à sa Politique de Dividende sur la Performance. Le dividende sera versé le 16 décembre 2024 aux actionnaires inscrits au 29 novembre 2024. L'entreprise a également racheté 4,725 millions d'actions au cours du troisième trimestre dans le cadre de son programme de rachat d'actions de 1 milliard de dollars annoncé en février 2024, portant le total des rachats à 7,675 millions d'actions cette année. La société cite une solide situation financière, des prix de l'or record et des actifs de classe mondiale comme des facteurs permettant le maintien des paiements de dividendes tout en investissant dans la croissance.

Barrick Gold (NYSE:GOLD) hat eine Dividende von 0,10 $ pro Aktie für das dritte Quartal 2024 erklärt, die im Einklang mit seiner Leistungsdividendenpolitik steht. Die Dividende wird am 16. Dezember 2024 an Aktionäre ausgezahlt, die am 29. November 2024 im Aktienregister stehen. Das Unternehmen hat außerdem 4,725 Millionen Aktien im dritten Quartal im Rahmen seines im Februar 2024 angekündigten Rückkaufprogramms über 1 Milliarde Dollar zurückgekauft, was die Gesamtzahl der Rückkäufe in diesem Jahr auf 7,675 Millionen Aktien erhöht. Das Unternehmen führt eine solide Bilanz, Rekordpreise für Gold und erstklassige Vermögenswerte als Faktoren an, die die Aufrechterhaltung der Dividendenauszahlungen bei gleichzeitigen Wachstumsinvestitionen ermöglichen.

Positive
  • Maintaining steady dividend of $0.10 per share
  • Executed significant share buyback of 4.725M shares in Q3
  • Strong balance sheet supported by record gold prices
  • Continued share repurchase program demonstrates financial strength
Negative
  • None.

All amounts expressed in US dollars

TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the third quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022.

The Q3 2024 dividend will be paid on December 16, 2024 to shareholders of record at the close of business on November 29, 2024.

Barrick also repurchased an additional 4.725 million shares during the third quarter under the $1 billion share buyback program that was announced in February 2024, bringing the total repurchases during the year to 7.675 million shares.

“The continued strength of our balance sheet, bolstered by record high gold prices and our world class gold and copper asset base, allow us to distribute a robust quarterly dividend while maintaining ample liquidity to invest in the growth of our business and to repurchase additional stock at a compelling valuation,” said senior executive vice-president and chief financial officer Graham Shuttleworth.

Enquiries:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386

Senior EVP and CFO
Graham Shuttleworth
+1 647 262 2095
+44 779 771 1338

Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “will”, “perform”, “maintain”, “growth” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick’s operating and financial performance, liquidity available to invest in growth projects, and the potential for Barrick to deliver enhanced dividends to shareholders under its Performance Dividend Policy.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in jurisdictions in which the Company or its affiliates do or may carry on business in the future; fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; assumptions relating to the trading price of the Company’s common shares; changes in mineral production performance, exploitation, and exploration successes; disruption of supply routes which may cause delays in construction and mining activities at Barrick’s more remote properties; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company’s expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; risks related to the failure of internal controls; risks related to the impairment of the Company’s goodwill and assets; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


FAQ

What is Barrick Gold's (GOLD) Q3 2024 dividend amount?

Barrick Gold (GOLD) declared a dividend of $0.10 per share for Q3 2024.

When will Barrick Gold (GOLD) pay its Q3 2024 dividend?

Barrick Gold will pay its Q3 2024 dividend on December 16, 2024, to shareholders of record as of November 29, 2024.

How many shares did Barrick Gold (GOLD) repurchase in Q3 2024?

Barrick Gold repurchased 4.725 million shares during Q3 2024 under its $1 billion share buyback program.

What is the total number of shares Barrick Gold (GOLD) has repurchased in 2024?

Barrick Gold has repurchased a total of 7.675 million shares during 2024.

Barrick Gold Corp.

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