Earnings release
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BARRICK Q3 Results Release NEVADA GOLD MINES Q3 OPERATING RESULT SETS BARRICK UP FOR STRONG FINISH TO 2021 ALL AMOUNTS EXPRESSED IN US DOLLARS _ London , 4 November 2021 Strong third quarter production from its Africa and Middle East ( AME ) and Latin America regions has positioned them to meet the top end of their guidance for the year . At the same time , Nevada Gold Mines ( NGM ) posted a quarter - on - quarter improvement and , with its Carlin mill operations now restored , is set to end 2021 with an enhanced quarter , positioning Barrick for a strong finish to the year . The company's Q3 results , published today , report attributable gold production for the quarter of 1.09 million ounces and 3.23 million ounces for the year to date . Attributable copper production for the quarter was 100 million pounds and 289 million pounds for the year to date . Net earnings per share were 20 cents and adjusted net earnings per share¹ were 24 cents . Presenting the results , president and chief executive Mark Bristow said the operating cash flow of $ 1,050 million and the free cash flow² of $ 481 million for Q3 would further support an already strong balance sheet and the funding of Barrick's capital allocation priorities . He noted that the sustainable quarterly dividend of 9 cents per share and the payment of the final $ 250 million³ tranche of the $ 750 million return of capital distribution would combine to lift the total cash return to shareholders to a record level of approximately $ 1.4 billion during 2021 . POSITIONED TO DELIVER ON ANNUAL PRODUCTION GUIDANCE COPPER ASSETS BOLSTER EARNINGS OPERATING CASH FLOW $ 1,050 MILLION NET EPS 20 CENTS FREE CASH FLOW² $ 481 MILLION ADJUSTED NET EPS1 24 CENTS QUARTERLY DIVIDEND PER SHARE 3rd RETURN OF CAPITAL TRANCHE PER SHARE 9 CENTS ~ 14 CENTS 5 VELADERO BACK ON WORLD - CLASS TRACK CONTINUED ON PAGE 3 * Per share amount is estimated based on issued and outstanding Barrick shares as of September 30 , 2021 and is subject to change . VELADERO 5 BARRICK BARRICK 6 INDUSTRY ACTION ON CLIMATE CHANGE 6 FASTER , SAFER GOLD ANALYSIS AT BULYANHULU CHRYSOS Photon As 9 SECURING NGM'S STATUS AS INDUSTRY LEADER