Barrick Mining buys back 13.5 million shares in Q2

Executive Summary

• Barrick Mining Corp. declared an enhanced Q2 2025 dividend of $0.15 per share, payable September 15, 2025 to shareholders of record August 29, 2025.
• The company repurchased 13.5 million shares in Q2 2025, bringing total repurchases for the year to ≈21.19 million shares (≈1.2% of outstanding shares) for $411 million in cash (including $268 million paid in Q2).
• CFO Graham Shuttleworth highlighted that the dividend and buy‑back together provide “significant benefits” to shareholders while maintaining a strong balance sheet.

Key Details

• Dividend amount: $0.15 per share for Q2 2025.
• Record date: Close of business on August 29, 2025.
• Payment date: September 15, 2025.
• Share repurchase Q2 2025: 13.50 million shares purchased under the program announced February 2025.
• Cumulative repurchases FY 2025 (as of end‑Q2): Approximately 21.19 million shares, representing ~1.2% of Barrick’s issued and outstanding shares at program inception.
• Cash outlay for repurchases: $411 million total; $268 million incurred during Q2 2025.
• Strategic rationale (CFO comment): Combination of performance dividend policy and share buyback delivers meaningful returns to shareholders while supporting a robust balance sheet amid solid operating performance and cash flow generation.

Notable Quotes

“The combination of the performance dividend policy and share buyback program allow us to provide significant benefits to our shareholders,” said senior executive vice‑president and chief financial officer Graham Shuttleworth. “Along with our solid operating performance, strong cash flows and strategic initiatives, we continue to provide meaningful returns while maintaining a robust balance sheet.”