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Friday, November 16, 2018 - 8:41:47 AM
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Mining News Pro - 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.
According to Mining News Pro -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.
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