Barrick Achieves Record Cash Flow and Earnings, Boosts Dividend by 25% in Q3

Barrick Gold reported record adjusted net earnings and operating cash flow in Q3, prompting a 25% increase in its dividend, reflecting strong performance in gold production.

• In Q3, Barrick produced 829,000 ounces of gold, a 4% increase from Q2, while maintaining copper production at 55,000 tonnes.
• The company achieved record quarterly operating cash flow of $2.4 billion and free cash flow of $1.5 billion, marking increases of 82% and 274% over Q2, respectively.
• Barrick reported net income of $0.76 per share and adjusted net earnings of $0.58 per share, leading to a 25% boost in its base quarterly dividend to $0.125 per share.