Barrick Gold Announces Dividend and Share Repurchases Update

Author: Dylan Bailey Updated: 02-12-2025 06:00 AM

Barrick Gold Corporation's Financial Updates for Shareholders

All amounts expressed in US dollars. Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has made an important announcement regarding its financial benefits for its shareholders. The company declared a dividend of $0.10 per share for the fourth quarter of the fiscal year. This decision aligns with the company's ongoing Performance Dividend Policy, which emphasizes rewarding stakeholders consistently.

Details of the Dividend Declaration

The dividend announced for Q4 will provide shareholders with a notable return as Barrick emphasizes its commitment to maintaining robust financial practices. Shareholders on record at the close of business before the dividend payment are set to see this return in March. This move underlines Barrick’s focus on delivering consistent value while navigating market challenges.

Share Buyback Program Overview

In addition to the dividend, Barrick has been proactive about enhancing shareholder value through its share buyback program. Over the past year, the company has effectively repurchased approximately 28.675 million shares, showcasing its confidence in its long-term potential. Notably, 21 million of these shares were bought back in the fourth quarter, reflecting a strategic approach to managing its share structure.

Management's Perspective

Graham Shuttleworth, Barrick's senior executive vice-president and chief financial officer, highlighted the company’s strong business performance in 2024. The combination of dividends and substantial share repurchases has allowed Barrick to provide meaningful returns to shareholders, which is especially evident in the fourth quarter. This is set against the backdrop of a compelling valuation, affirming Barrick’s stability and growth potential.

Strong Balance Sheet and Future Outlook

As Barrick continues to operate with one of the strongest balance sheets in the industry, it positions itself favorably to invest in significant growth projects. The strong financial foundation ensures liquidity for further investments, vital in today’s ever-evolving market landscape. With its focus on sustainability and responsible mining practices, Barrick is poised to capitalize on future opportunities, thereby enhancing both its portfolio and shareholder value.

Impact on Shareholders

This approach is expected to benefit shareholders significantly, as Barrick remains committed to rewarding its investors. By balancing dividends with strategic share repurchases, Barrick is fostering a robust framework for long-term gains and securing a competitive edge in the market.

Frequently Asked Questions

What dividend has Barrick Gold declared for the fourth quarter?

Barrick Gold Corporation has declared a dividend of $0.10 per share for the fourth quarter of the fiscal year.

When will the dividend be paid to shareholders?

The Q4 2024 dividend will be paid on March 17, 2025, to shareholders on record as of February 28, 2025.

How many shares did Barrick repurchase in the last year?

In the past year, Barrick repurchased approximately 28.675 million shares, highlighting its commitment to enhancing shareholder value.

What does Barrick's strong balance sheet signify?

The strong balance sheet indicates Barrick’s ability to invest in significant growth projects while ensuring liquidity, which is essential in a fluctuating market.

Who is the Chief Financial Officer of Barrick Gold Corporation?

Graham Shuttleworth serves as the senior executive vice-president and chief financial officer of Barrick Gold Corporation.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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