Twiga Pays Maiden Dividend
DAR ES SALAAM, Oct. 13, 2020 - Twiga Minerals Corporation, the joint venture between the Tanzanian government and Barrick Gold Corp. (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.
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