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Barrick Gold Corporation

Barrick Announces First $250 Million Return of Capital Tranche in Addition to a $0.09 Per Share Quarterly Dividend

May 5, 2021
Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that the first $250 million tranche ($0.14 per share1) of a return of capital distribution totaling $750 million will be paid on June 15, 2021 to shareholders of record at the close of business on May 28, 2021. In addition, Barrick announced that its Board of Directors has declared a dividend for the first quarter of 2021 of $0.09 per share, which will also be paid on June 15, 2021 to shareholders of record at the close of business on May 28, 20212.
 
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 remaining distribution of $500 million is expected to be effected in two equal tranches to shareholders of record on dates to be determined in August and November 2021.
 
Senior executive vice-president and chief financial officer Graham Shuttleworth said that the return of capital distribution and quarterly dividend demonstrates Barrick’s commitment to shareholder returns in line with the strategy outlined at the time of the Randgold merger in September 2018. Since that time dividends have tripled, and together with this capital distribution, establishes one of the industry’s leading returns for shareholders in 2021.
 
“Based on the current number of outstanding shares, the distribution of this first tranche represents approximately 14 cents per share1, with the three tranches to be distributed during 2021 representing approximately 42 cents per share in total1. In addition to the current quarterly dividend of 9 cents per share, these distributions are providing Barrick’s shareholders with a significantly enhanced return in 2021,” said 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

Source: https://www.barrick.com/English/news/news-details/2021/barrick-announces-first-250-million-return-of-capital-tranche/default.aspx

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