Barrick Gold’s 2021 shareholder returns approach $1bn
Canadian bullion major Barrick Gold is nearing the $1-billion mark in shareholder returns for 2021, which CFO Graham Shuttleworth says reflects the strength of the group’s balance sheet and cash flow.
The gold miner on Thursday confirmed the per-share amount of the second $250-million tranche of a previously announced return of capital would be $0.1405092.
The payment would be made on September 15.
This follows the approval by shareholders at Barrick’s annual and special meeting on May 4, of the total $750-million return of capital distribution.
The first distribution of $250-million was made in June and the third distribution of $250-million would be effected on a yet-to-be determined date.
On September 15, Barrick would also pay a previously declared dividend of $0.09 a share for the second quarter.
“This second tranche of the $750-million return of capital, in addition to our $0.09 per share quarterly dividend, shows Barrick’s commitment to providing our shareholders with one of the leading returns in the industry while continuing to invest in the future growth and development of our assets,” said Shuttleworth.
“After the distributions on September 15, Barrick will have paid nearly $1-billion in overall returns in 2021, including the shareholder-friendly return of capital, reflecting the strength of our balance sheet and cash flows.”
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