Barrick Gold Corporation (TSX: ABX) (NYSE: GOLD) reported the increase in quarterly operating cash flow and free cash flow for the period ended 30 September 2020 to US$1.9 billion and US$1.3 billion, respectively.
- The quarter manifests the record free cash flow on the quarter level for the company. The gold giant hits a hat trick on increasing the dividend for the third time during the year to US$0.09 a share, an increase of 12.5% against the previous quarter.
- Higher gold prices are understood to be the primary factor behind the strong cash flow.
- The gold realised price increased to US$1,926 an ounce, registering a ~30.5% increase against the same period last year. Additionally, the group level cash costs declined to US$696 an ounce against US716 an ounce gold during the June quarter.