Mr. Daniel Oh reports
BARRICK ANNOUNCES DIVIDEND INCREASE
Barrick Gold Corp. has approved an increase in the company's quarterly dividend from two cents per share to three cents per share.
All amounts are expressed in U.S. dollars.
The company's capital allocation goals over the past two years have centred on restoring its balance sheet to withstand gold price volatility, investing to improve the quality of the asset base and rewarding shareholders with a reliable dividend.
Since the end of 2014, Barrick has reduced total debt by 40 per cent, and in 2017 it is increasing investments in exploration and projects that have the potential to grow free cash flow per share over the long term. Reflecting this progress, the company is increasing returns to the owners through an increase in the quarterly dividend.
The quarterly dividend is payable on March 15, 2017, to shareholders of record at the close of business on Feb. 28, 2017.
We seek Safe Harbor.
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