Barrick Declares Q1 Dividend
PRESS RELEASE
NYSE : GOLD TSX : ABX
All amounts expressed in US dollars
Barrick Declares Q1 Dividend
Toronto, May 3, 2023 – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced
the declaration of a dividend of $0. 10 per share for the first quarter of 2023. The dividend is
consistent with the Company’s Performance Dividend Policy announced at the start of 2022.
The Q1 2023 dividend will be paid on June 15, 2023 to shareholders of record at the close of
business on May 31, 2023.
“Through the maintenance of a robust balance sheet, we are able to continue to provide a strong
base dividend to our shareholders, with our Performance Dividend Policy providing shareholders
with the potential for additional upside going forward,” 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: [email protected]
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
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”, “potential”, “expect”, “commit”, “would”,
“could” 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 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: 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; whether benefits
expected from recent transactions are realized; 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, incl uding geotechnical challenges and disruptions in the maintenance or
provision of required infrastructure and information technology systems; failure to comply with environmental and health and
safety laws and regulations; timing of receipt of, or failure t o comply with, necessary permits and approvals; uncertainty
whether some or all of targeted investments and projects will meet the Company’ s capital allocation objectives and internal
hurdle rate; 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; 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 the jurisdictions in which the
Company or its affiliates do or may carry on business in the future; l ack 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, w hether 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 d isturbances; risks
associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the
effects and potential effects of the global Covid- 19 pandemic; 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; our ability to successfully
integrate acquisitions or complete divestitures; 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). Barrick also cautions that its 2023 guidance, as well as its ten-year production profile for gold and copper,
may be impacted by the ongoing business and social disruption caused by the spread of Covid-19.
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.