BuybackMay 11, 2026, 06:01 AM
Barrick authorizes $3.0B share repurchase program
AI Summary
Barrick Mining Corporation's Board of Directors has authorized a share repurchase program of up to $3.0 billion of its outstanding common shares. This decision follows strong execution and free cash flow, reflecting the company's view of exceptional value in its shares, especially ahead of the planned IPO of North American Barrick. Repurchases will be made at prevailing market prices through various methods, including open market purchases, but the company is not obligated to acquire shares.
Key Highlights
- Barrick's Board authorized a share repurchase program of up to $3.0 billion.
- The buyback is driven by solid execution and strong free cash flow.
- Company sees exceptional value in its shares.
- Repurchase is in anticipation of the planned IPO of North American Barrick.
- Repurchases can be made on the New York Stock Exchange.