ABX.TO · 2020-08-10 12:00:00

Barrick Declares Dividend

Corporate Actions

PRESS RELEASE

NYSE : GOLD TSX : ABX

Toronto, August 10, 2020 — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that

its Board of Directors has declared a dividend for the second quarter of 2020 of US $0.08 per share, a 14%

increase on the previous quarter’s dividend, payable on September 15, 2020, to shareholders of record at

the close of business on August 31, 2020.1

Senior executive vice-president and chief financial officer Graham Shuttleworth said that Barrick’s quarterly

dividend has more than doubled since the announcement of the Barrick -Randgold merger in September

2018, reflecting Barrick’s continued strong financial performance.

“The Board believes that the dividend increase is sustainable and is reflective of the ongoing robust

performance of our operations and continued improvement in the strength of our balance sheet, with total

liquidity of $6.7 billion, including a cash balance of $3.7 billion as of the end of the second quarter, and no

material debt repayments due before 2033,” 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

1 The declaration and payment of dividends is at the discretion of the Board of Directors, and will depend on the c ompany’s financial

results, cash requirements, future prospects and other factors deemed relevant by the Board.