How would you think a producer performed if I told you that they increased their base dividend by 25% and bumped up their share repurchase program by $500 million after reporting their Q3 results?
Okay now factor into that decision the fact that the CEO was fired at the end of September by the board. Sounds like a mixed bag, right? Yeah, thats kind of what Barrick Mining (TSX: ABX) delivered to us for the third quarter, despite record operational and free cash flow.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.