Mr. Mark Bristow reports

BARRICK DECLARES INCREASED DIVIDEND

Barrick Gold Corp.'s board of directors has declared a dividend for the third quarter of 2020 of nine cents per share, a 12.5-per-cent increase on the previous quarter's dividend, payable on Dec. 15, 2020, to shareholders of record at the close of business on Nov. 30, 2020. All amounts are expressed in U.S. currency.

Senior executive vice-president and chief financial officer Graham Shuttleworth said that this represents the third increase in the quarterly dividend in the past year and that Barrick's quarterly dividend has tripled since the announcement of the Barrick-Randgold merger in September, 2018, reflecting Barrick's continued strong financial performance.

"The board believes that the current 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 $7.7-billion, including a cash balance of $4.7-billion, and a debt net of cash position of just $400-million as of the end of the third quarter, as well as no material debt repayments due before 2033," said Mr. Shuttleworth.