Twiga Pays Maiden Dividend
13 October 2020 - 10:59PM
Twiga Minerals Corporation, the joint venture between the Tanzanian
government and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), has
paid a maiden interim cash dividend of $250 million in line with
Barrick’s commitment to generate value for all stakeholders through
the 50/50 partnership.
Since Barrick took over the former Acacia Mining’s
assets in Tanzania just over a year ago, it has paid approximately
$205 million to the government in taxes, royalties and dividends in
addition to the first payment tranche under the two parties’
agreement to settle pre-Barrick disputes.
Barrick
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Relations +44 20 7557 7738 Email: barrick@dpapr.comWebsite:
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respect to Barrick’s strategy to generate value for all
stakeholders through the payment of cash dividends pursuant to the
50/50 partnership with Twiga Minerals Corporation.
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