Toronto – Barrick Gold Corporation of a return of capital distribution totaling $750 million will be paid on June 15, 2021 to shareholders of record at the close of business on May 28, 2021.
This follows the approval by shareholders at Barrick’s Annual and Special Meeting on May 4, 2021 of the total $750 million return of capital distribution.
Senior executive vice-president and chief financial officer Graham Shuttleworth said that the return of capital distribution and quarterly dividend demonstrates Barrick’s commitment to shareholder returns in line with the strategy outlined at the time of the Randgold merger in September 2018.
“Based on the current number of outstanding shares, the distribution of this first tranche represents approximately 14 cents per share1, with the three tranches to be distributed during 2021 representing approximately 42 cents per share in total1.
In particular, this press release contains forward-looking statements including, without limitation, with respect to the expected amount and timing of Barrick’s return of capital distribution, and the expected delivery of significantly enhanced returns to shareholders in 2021 through the return of capital distribution in combination with Barrick’s quarterly dividend.
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.
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.
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