Barrick Raises Base Dividend 25% and Declares Enhanced Q3 Dividend
Barrick Raises Base Dividend 25% and Declares
Enhanced Q3 Dividend
All amounts expressed in U.S. dollars
Toronto, November 10 , 2025 – Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the
“Company”) today announced a 25% increase in its quarterly base dividend to $0.125 per share.
Consistent with the Company’s Performance Dividend Policy, Barrick also announced a dividend of
$0.175 per share for the third quarter of 2025, inclusive of a $0.05 per share performance dividend.
The Q3 2025 dividend will be paid on December 15, 2025 to shareholders of record at the close of
business on November 28, 2025.
In addition to the enhanced quarterly dividend, Barrick repurchased approximately 18.60 million shares
during Q3 under the share buyback program that was announced in February 2025. As of the end of Q3,
Barrick has repurchased approximately 39.79 million shares under this year’s program, or approximately
2.3% of Barrick’s issued and outstanding shares at the time this year’s program was announced, for cash
of $1.0 billion, including $589 million paid during Q3.
The Company’s Performance Dividend Policy has been updated to account for the increase in the base
quarterly dividend as follows:
Performance
Dividend Level Threshold Level Quarterly Base
Dividend
Quarterly Performance
Dividend
Quarterly Total
Dividend
Level I Net cash less than $0 $0.125 per share $0.00 per share $0.125 per share
Level II Net cash greater than $0 and
less than $0.5 billion $0.125 per share $0.05 per share $0.175 per share
Level III Net cash greater than $0.5
billion and less than $1 billion $0.125 per share $0.10 per share $0.225 per share
Level IV Net cash greater than $1 billion $0.125 per share $0.15 per share $0.275 per share
“Through a combination of enhanced dividends and share buybacks, we have provided significant
financial benefits to our shareholders,” said senior executive vice- president and chief financial officer
Graham Shuttleworth. “Along with our strong operating performance, cash flows and strategic initiatives,
we expect to continue to provide meaningful returns while maintaining a robust balance sheet.”
BARRICK MINING CORPORATION PRESS RELEASE
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest
portfolios of world-class and long-life gold and copper assets in the industry—including six of the world’s
Tier One gold mines—Barrick’s operations and projects span 18 countries and five continents. Barrick is
also the largest gold producer in the United States. We create real, long- term value for all stakeholders
through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares
trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under
the symbol ‘ABX’.
Investor Relations Contact
Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
Media Contact
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
BARRICK MINING 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 pr ojects,
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 thi s
press re lease 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 legisl ation, 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 expl oration
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 devel opment 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; changes
in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact trade rel ations
with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrick’s
existing operations and material growth projects; the impact of inflation; fluctuations in the currency markets; lack of cert ainty
with respect to for eign 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 ha ndling 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 civi l
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 pro perties,
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 material ly
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.