Barrick increases quarterly base dividend by 25%

Executive Summary

• Barrick Mining Corp. increased its quarterly base dividend by 25% to 12.5 cents per share.
• The company declared an enhanced Q3 2025 dividend of 17.5 cents per share, which includes a 5-cent performance dividend component.
• During Q3 2025, Barrick repurchased approximately 18.6 million shares for $589 million, bringing the year-to-date total repurchases to 39.79 million shares for $1 billion.

Key Details

• Base Dividend Increase: The quarterly base dividend was raised by 25% to 12.5 cents per share (USD).
• Q3 2025 Dividend: The total dividend for the third quarter of 2025 is 17.5 cents per share. This amount is inclusive of a 5-cent-per-share performance dividend, consistent with the company's performance dividend policy.
• Payment Schedule: The Q3 2025 dividend will be paid on December 15, 2025, to shareholders of record at the close of business on November 28, 2025.
• Share Repurchases (Q3): Approximately 18.6 million shares were repurchased during the third quarter under the program announced in February 2025.
• Share Repurchases (YTD): As of the end of Q3, Barrick has repurchased approximately 39.79 million shares under the current year's program.
• Repurchase Value: The total cash spent on share repurchases for the year is $1 billion, including $589 million paid during Q3.
• Share Count Impact: The repurchased shares represent approximately 2.3% of Barrick's issued and outstanding shares at the time the program was announced.
• Policy Update: The company's performance dividend policy has been updated to account for the increase in the base quarterly dividend.

Notable Quotes

• "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."