Variable dividend ?Hopefully Barrick's recent earnigns announcment and $ 1B buyback program,will help to re-invigorate interest in the gold sector.
Today they also announced a performance dividend similar to Newmont.
https://www.barrons.com/articles/gold-miner-barrick-unveils-variable-dividend-that-could-mean-a-3-yield-51645029377?siteid=yhoof2
"Barrick’s new “performance dividend” will start this year and supplement a base quarterly dividend.
Here’s how it works. The base dividend was increased to 10 cents a share from 9 cents for the payout to be made in mid-March. Starting with the next quarterly dividend that will be declared in May and paid in June, Barrick plans to pay an additional performance dividend linked to debt levels.
Based on the company’s net cash (cash less debt) of $130 million at year-end 2021, the performance payout would be 5 cents a share quarterly. The performance payout will be based on net debt at the end of the current quarter."
Since EDV will soon be debt free, maybe our performance metrics could be something different - like spread between PoG and AISC, or something else.
Just a thought....to help keep us competative with some of the other Majors.
MM