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TORONTO - Barrick Mining Corporation (NYSE:B)(TSX:ABX) announced Monday a quarterly dividend of $0.15 per share for the second quarter of 2025, payable on September 15 to shareholders of record as of August 29. The company has maintained dividend payments for 39 consecutive years, with a current yield of 1.71%.
The dividend aligns with the company’s Performance Dividend Policy established in early 2022, according to a press release statement.
In addition to the dividend, Barrick reported repurchasing 13.50 million shares during the second quarter under its share buyback program launched in February 2025. The company has bought back approximately 21.19 million shares year-to-date, representing about 1.2% of its outstanding shares when the program began, for a total of $411 million, with $268 million spent in Q2.
"The combination of the performance dividend policy and share buyback program allow us to provide significant benefits to our shareholders," said Graham Shuttleworth, senior executive vice-president and chief financial officer.
Barrick describes itself as a global mining company with operations across 18 countries and five continents. The company operates six Tier One gold mines and is the largest gold producer in the United States.
The dividend announcement comes as part of the company’s regular quarterly financial activities and shareholder return initiatives.
In other recent news, Barrick Mining Corporation reported progress on its $2 billion Lumwana Super Pit Expansion Project in Zambia, with construction underway and equipment orders placed. This expansion is set to double the mine’s annual copper production to 240,000 tonnes. Meanwhile, Barrick is in advanced talks to sell its last Canadian gold mine, Hemlo, to Discovery Silver Corp., although there is no certainty of a transaction. Additionally, Barrick has removed its Mali gold complex from its 2025 output forecast due to a two-year dispute with Mali’s government over mining legislation. The Loulo-Gounkoto complex has been suspended since January, with operations halted by the government. These developments come amid rising gold prices, which have influenced the company’s strategic decisions.
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