All amounts expressed in US dollars
DAR ES SALAAM, Tanzania, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Twiga Minerals Corporation, the joint venture between the Tanzanian government and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), has paid a maiden interim cash dividend of $250 million in line with Barrick’s commitment to generate value for all stakeholders through the 50/50 partnership.
Since Barrick took over the former Acacia Mining’s assets in Tanzania just over a year ago, it has paid approximately $205 million to the government in taxes, royalties and dividends in addition to the first payment tranche under the two parties’ agreement to settle pre-Barrick disputes.
Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
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Certain information contained in this press release, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The word “commitment” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick’s strategy to generate value for all stakeholders through the payment of cash dividends pursuant to the 50/50 partnership with Twiga Minerals Corporation.
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