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The world’s second-largest gold miner increased its quarterly cash dividend 14% to 8 cents per share, the company said in its second-quarter earnings statement Monday. That’s up from the previous dividend of 7 cents per share.
“The board believes that the dividend increase is sustainable and reflects the ongoing robust performance of our operations and continued improvement in the strength of our balance sheet,” the company said.
Chief Executive Officer Mark Bristow said the strong cash generation demonstrated the quality of Barrick’s assets and management’s ability to capture the full benefit of higher gold prices.
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