Soaring bullion gives Barrick a record cash flow and shareholders another dividend hike
The world’s second-largest gold producer spun out $1.3bn of free cash flow in the third quarter, leading it to raise its dividend almost 13%
05 November 2020 - 16:34
Toronto — Skyrocketing bullion prices have helped Barrick Gold generate record amounts of cash — and shareholders are getting rewarded with another dividend hike.
The world’s second-largest gold producer spun out $1.3bn of free cash flow in the third quarter, prompting the company to hike its quarterly payout for a third time in the past year. Barrick reported quarterly earnings and revenue that topped analysts’ estimates on Thursday, as surging bullion prices helped offset the impacts of the coronavirus pandemic on its business...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.