Barrick authorizes share buyback up to USD 3 billion

Abacus Global Management, Inc. Class A

Abacus Global Management, Inc. Class A

ABX

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  • Barrick Mining Corporation board authorized repurchase of up to USD 3 billion of outstanding common shares at prevailing market prices.
  • Buyback plan aimed at returning cash to shareholders, citing strong free cash flow, with management pointing to expected value ahead of planned IPO of North American Barrick.
  • Repurchases may be executed on US public markets including NYSE, using open-market purchases or other SEC-permitted methods.


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