Barrick Announces Share Buybacks and Raises Second-Quarter Dividend
Barrick Mining Corporation Enhances Shareholder Returns with Dividend and Share Buyback
Barrick Mining Corporation, a leading global mining, exploration, and development company, has announced its second-quarter 2025 dividend and share buyback program, reflecting a commitment to creating value for shareholders through strong operational results and disciplined capital allocation.
The Canadian-based company, which is also the largest gold producer in the United States, has declared an enhanced dividend of $0.15 per share for the second quarter of 2025. This dividend includes a special top-up of 5 cents per share, signifying management's confidence in the company's operational performance. The dividend, totalling approximately $170 million, will be paid on September 15, 2025, to shareholders of record as of August 29, 2025.
In addition to the dividend, Barrick has been actively pursuing a share buyback program authorized in February 2025. In the second quarter alone, the company repurchased 13.5 million shares, part of a cumulative 21.19 million shares repurchased year-to-date. The net cash spent on share repurchases, including Q2, amounts to $411 million.
Graham Shuttleworth, senior executive vice-president and chief financial officer of Barrick, commented on the benefits to shareholders, stating, "Our Performance Dividend Policy, introduced in early 2022, aims to provide shareholders with returns tied to our solid operating performance and cash flow generation."
This multi-faceted approach to shareholder returns, combining enhanced dividends with aggressive share repurchases, has yielded a total shareholder return of $438 million in Q2, up 39% from Q1.
However, Barrick has also issued a cautionary statement regarding forward-looking statements, acknowledging various factors that could potentially cause actual results to differ from projected forward-looking statements. These factors include changes in national and local government legislation, taxation, controls or regulations; expropriation or nationalization of property; fluctuations in the spot and forward price of gold, copper, or certain other commodities; disruption of supply routes; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in U.S. trade, tariff and other controls on imports and exports; the impact of inflation; fluctuations in the currency markets; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; damage to the Company's reputation due to the actual or perceived occurrence of any number of events; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; contests over title to properties or over access to water, power and other required infrastructure; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; risks related to the failure of internal controls; risks related to the impairment of the Company's goodwill and assets; and availability and increased costs associated with mining inputs and labor.
Despite these potential risks, Barrick's Q2 2025 implementation of its dividend policy demonstrates a consistent commitment to value creation. As of the end of Q2 2025, Barrick has repurchased approximately 21.19 million shares under this year's program.
[1] Barrick Mining Corporation Investor Relations. (2025). Q2 2025 Results. Retrieved from https://www.barrick.com/investors/reports-and-presentations
[2] Barrick Mining Corporation. (2025). Share Buyback Program. Retrieved from https://www.barrick.com/investors/shareholder-information/share-buyback-program
[3] Barrick Mining Corporation. (2022). Performance Dividend Policy. Retrieved from https://www.barrick.com/investors/shareholder-information/performance-dividend-policy
[4] Barrick Mining Corporation. (2025). Share Repurchases Year-to-Date. Retrieved from https://www.barrick.com/investors/shareholder-information/share-repurchases
[5] Barrick Mining Corporation. (2025). Q2 2025 Dividend. Retrieved from https://www.barrick.com/investors/shareholder-information/dividends
The Barrick Mining Corporation, through its Performance Dividend Policy, is adding value for its shareholders by enhancing dividends and engaging in aggressive share repurchases, as demonstrated by the Q2 2025 dividend and the repurchase of 13.5 million shares in the second quarter alone. This combination of enhanced dividends and share repurchases has generated a total shareholder return of $438 million in Q2 2025, reflecting a strategic approach in the realm of finance and investing within the corporation's business operations.
