Barrick increases dividend following ‘robust’ third-quarter performance

Dual-listed Barrick Gold on Wednesday said it was on track to deliver production at the higher end, and costs at the lower end, of its guidance ranges for the year. This is on the back of the miner’s third-quarter results, ended September 30, which show net earnings of $1.30 a share, and adjusted net earnings a share of $0.15, marking a 67% increase quarter-on-quarter on the back of a higher gold price, and debt, net of cash, being 14% lower quarter-on-quarter at $3.2-billion.