Barrick Gold Corporation

Barrick Gold Corporation

May 02, 2007 14:24 ET

Barrick Increases Dividend By 36%

TORONTO, ONTARIO--(CCNMatthews - May 2, 2007) -

All figures in US dollars

Barrick Gold Corporation (TSX:ABX)(NYSE:ABX) today announced that its Board of Directors has increased its annual dividend to US30 cents per share from US22 cents per share. The semi-annual dividend of US15 cents per share is payable on June 15, 2007 to shareholders of record at the close of business on May 31, 2007.

"The 36% increase in the dividend reflects Barrick's ability to generate substantial cash flows in this strong gold price environment," said Greg Wilkins, President and CEO. "With these strong cash flows and an A-rated balance sheet, the Company has the financial resources to return additional value to shareholders and fund our unrivalled project pipeline."

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contact Information

  • Barrick Gold Corporation
    Vincent Borg
    Senior Vice President, Corporate Communications
    (416) 307-7477
    (416) 861-1509 (FAX)