Barrick Gold Raises Q4 Dividend From $0.05 To $0.07/Share In Connection With Rangold Merger

TORONTO, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) ("Barrick" or the "Company") is pleased to announce that Barrick and Randgold Resources Limited ("Randgold") have agreed to increase dividends to shareholders as follows:
 

• Randgold shareholders will be entitled to receive a dividend of $2.69 per share for the 2018 financial year, instead of the originally agreed Randgold dividend of $2.00 per share. 
   
• Barrick shareholders will be entitled to receive a fourth quarter dividend of $0.07 per share (for an annualized 2018 dividend of $0.16 per share), instead of the originally agreed Barrick fourth quarter dividend of $0.05 per share. Barrick will target an ongoing annual dividend of $0.16 per share, representing an increase of $0.04 per share from the Company's current annual dividend of $0.12 per share.