Barrick Reports Share Repurchases and Declares Q4 Dividend
PRESS RELEASE
NYSE : GOLD TSX : ABX
All amounts expressed in US dollars
Barrick Reports Share Repurchases and Declares Q4
Dividend
TORONTO, February 12, 2025 – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”
or the “Company”) today announced the declaration of a dividend of $0.10 per share for the fourth
quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy
announced at the start of 2022.
The Q4 2024 dividend will be paid on March 17, 2025 to shareholders of record at the close of
business on February 28, 2025.
In addition to the quarterly dividends, Barrick repurchased 28.675 million shares during the year
under the share buyback program that was announced in February 2024, including 21 million
shares during Q4 2024.
“The strong performance of our business has allowed us to provide significant returns to
shareholders in 2024 through the combination of dividends and share buybacks, especially in the
fourth quarter, at a compelling valuation. At the same time, Barrick continues to maintain one of
the strongest balance sheets in the industry ensuring adequate liquidity to invest in our significant
growth projects,” said senior executive vice -president and chief financial officer Graham
Shuttleworth.
Enquiries:
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”, “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, epi demics 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.