Barrick Announces Q3 Dividend and Buys Back More Shares

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All prices are expressed in US dollars

TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced a dividend of $0.10 for the third quarter of 2024. Dividends The Performance Dividend Policy was announced at the beginning of 2022.

The Q3 2024 dividend will be paid on December 16, 2024 to shareholders of record at the close of business on November 29, 2024.

Barrick also repurchased an additional 4.725 million shares in the third quarter under a $1 billion share repurchase program announced in February 2024, bringing the number of repurchases during the year to 7.675 million.

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“The continued strength of our balance sheet, bolstered by record gold prices and our world-class gold and copper asset base, allows us to distribute strong quarterly dividends while maintaining sufficient capital to invest in the growth of our business and repurchase additional stock. at a compelling rate,” said senior vice president and chief financial officer Graham Shuttleworth.

Questions:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386

Senior EVP and CFO
Graham Shuttleworth
+1 647 262 2095
+44 779 771 1338

Investor and media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website:
www.barrick.com

Cautionary Statement Regarding Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information about our strategies, projects, plans, or future financial performance or performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “will”, “do”, “maintain”, “increase” and similar expressions indicate forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, about Barrick’s operations and financial performance, liquidity available to invest in growth projects, and the potential for Barrick to deliver enhanced returns to shareholders under the Performance Dividend Policy.

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Forward-looking statements are based on a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below, while the Company considers them to be reasonable as of the date of this press release due to management’s experience and their opinion about the issues. current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those expressed in forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government law, taxation, regulations or statutes and/or changes in administrative rules, policies and procedures; expropriation of land or nationalization of property and political or economic developments in areas where the Company or its affiliates conduct or may conduct business in the future; fluctuations in the price of gold, copper, or other commodities (such as silver, diesel, natural gas, and electricity); speculative nature of mineral exploration and development; assumptions relating to the trading price of the Company’s common stock; changes in mineral production performance, exploitation, and exploration success; disruption of supply routes that could cause delays in construction and mining operations at Barrick’s remote properties; decrease in value or reserve marks; increased costs, delays, delays and technical challenges associated with the construction of major projects; operational or technical difficulties associated with mining or development activities; failure to comply with environmental and health and safety laws and regulations; the timing of obtaining, or failure to comply with, required permits and approvals; the impact of international currencies and credit availability on the timing of cash flows and the values ​​of assets and liabilities based on expected future cash flows; the impact of inflation; currency market fluctuations; uncertainty about foreign legal systems, corruption and other illegal activities; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity regarding the Company’s handling of environmental issues or cooperation with public groups, whether true or not; the possibility that future test results will not be consistent with the Company’s expectations; the potential risk that exploration data may be incomplete and significant additional work may be required to complete additional exploration, including but not limited to drilling, engineering and socioeconomic studies and investments; the risk of loss due to acts of war, terrorism, vandalism and civil unrest; risks associated with illegal and artisanal mining; risks related to new diseases, epidemics and epidemics; litigation and legal and administrative proceedings; disputes over the title of buildings, especially the title of undeveloped buildings, or over the availability of water, power and other necessary infrastructure; business opportunities that may be presented, or pursued, by the Company; risks associated with working with partners in jointly controlled assets; labor relations including the loss of key personnel; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; risks related to internal control failures; risks related to impairment of the Company’s goodwill and assets; and availability and increased costs associated with mining equipment and personnel. In addition, there are risks and hazards associated with the business of mineral exploration, development, and mining, including natural hazards, industrial hazards, unusual or unexpected formations, pressures, caves, floods and gold, copper cathode or gold or copper. focus on losses (and the risk of insufficient insurance, or the inability to obtain insurance, to cover these risks).

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Many of these uncertainties and contingencies could affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this press release are qualified by these cautionary statements. Reference is made directly 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 the 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.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

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