Barrick Mining (B) Hikes Dividend 25% and Adds $500M Buyback as Record Q3 Cash Flow Lifts Shares
Barrick Mining raised its base dividend 25% to $0.125 per share and expanded its share buyback by $500 million after reporting record Q3 operating and free cash flow. Net earnings for the quarter reached $1.3 billion on revenue of $4.1 billion. Gold production totaled 829,000 ounces, while copper output was 55,000 tonnes. Shares rose nearly 4% in premarket trading.