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BARRICK Q1 Report ROBUST Q1 PERFORMANCE BY CORE MINES SETS BARRICK ON COURSE FOR ANNUAL TARGET Production in the latter half of the year is expected to be higher than the first , mainly due to mine sequencing at Nevada Gold Mines , the commissioning of the new leach pad facility at Veladero in Argentina , the ramp up of underground mining at Bulyanhulu and higher anticipated grades at Lumwana in Zambia . ALL AMOUNTS EXPRESSED IN US DOLLARS Barrick Gold Corporation Toronto , May 5 , 2021 ON TRACK TO ACHIEVE ( NYSE : GOLD ) ( TSX : ABX ) today reported its results 2021 PRODUCTION TARGETS for the first quarter of 2021 , noting that with gold and copper production on plan , it was well positioned to achieve its annual guidance . Barrick's Tier One¹ gold mines all delivered strong financial performances in Q1 while revenue from its copper mines rose by 31 % due to higher copper prices . Net cash² increased by $ 0.5 billion despite an advanced tax payment to the state of Nevada on the back of operating cash flow of $ 1.3 billion and free cash flow³ of $ 0.8 billion . The company announced a 9 cents per share quarterly dividend , which will be topped up by a three - tranche return of capital distribution totaling $ 750 million through the course of the year . This would take the per share yield based on yesterday's closing share price to 3.5 % for 2021.4,5 4 MRM AND EXPLORATION UNLOCKING VALUE 042 - B CONTINUED ON PAGE 3 5 ESG IN ACTION 1975 6 OPERATING CASH FLOW FREE CASH FLOW³ $ 1.3 BILLION $ 0.8 BILLION 360 NET EPS 30 CENTS COPPER 131 REVENUE QUARTERLY DIVIDEND 9 CENTS SHARE PARTNERSHIP AT PORGERA ADJUSTED NET EPS6 29 CENTS O Quarter on quarter ** Distribution per share amount is based on issued and outstanding shares as of March 31 , 2021 , and is subject to change % * 1ST RETURN OF CAPITAL ™ 14 CENTS SHARE 8 THIRD UNDERGROUND MINE ON TRACK AT LOULO GOUNKOTO