TORONTO – Barrick Gold intends to grow future dividends via stronger operating cash flows, non-core asset sales and lower overhead and interest costs, the incoming CFO said in an investor presentation Friday.
"The company has made it very clear that paying dividends will be a key deliverable and important objective for the new group," Graham Shuttleworth said via webcast from London.
"This has already been demonstrated by Barrick's commitment to increase the full-year 2018 dividend by 25% to 16c. Going forward, new Barrick intends to grow its dividend over time," he said ahead of the $6.1-billion merger with Randgold Resources expected to close January 1.