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Barrick profit rises 45%, raises quarterly dividend

Tags: Barrick Gold

Barrick Gold (ABX-T) said its board has authorized a 25-percent increase in its quarterly dividend payout.

The world's top gold miner said it is raising its quarterly dividend to 15 cents a share from 12 cents a share.

The upcoming quarterly dividend is payable on December 15 to shareholders of record at the close of business on November 30, the company said.


Barrick reported a 45-percent increase in its quarterly profit on Thursday, driven by a sharp increase in bullion prices

Toronto, Ontario-based Barrick said its third-quarter net income rose to $1.37 billion US, or $1.36 a share, from a year-earlier profit of $942 million, or 94 cents.

Excluding one-time items, profit rose to $1.39 billion or $1.39 a share, from $912 million or 93 cents.

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