- After returning a record amount of capital to investors, one of the world's largest gold miners will continue to reward its shareholders in 2023.
"After the success of last year's buyback program, this new program gives us a further opportunity to repurchase our shares when we believe that they are trading in a price range that does not reflect the value of the Company's mining and financial assets and future business prospects," said Mark Bristow, President and Chief Executive.
Barrick's 2023 repurchase program comes as the company reported adjusted net earnings of $220 million or 13 cents per share for the fourth quarter, beating analyst estimates. For the full year, the company reported adjusted net earnings of $1.326 billion or 75 cents per share.