Barrick Gold CEO Says Its Dividend Is ‘Sustainable’

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Text size Barrick Gold CEO Mark Bristow says the company will be smart about any acquisitions and that its quarterly dividend of 9 cents a share is “sustainable” even if gold prices, now at $1,729 an ounce, decline to $1,200. In an interview with Barron’s, Bristow said that Toronto-based Barrick (ticker: GOLD), which shares leadership of the gold industry with Denver-based Newmont (NEM), has “the industry’s best assets, strongest balance sheet with no net debt, and the best people.” Barrick shares are down 10% this year to around $20 as gold prices have fallen 9% and now carry a 1.8% more...